Gianmarco Piva: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Gianmarco Piva
Largest movements
- Cash +€12,552
up €12,552 (+14.7%), from €85,650 to €98,203
mainly Net result for the year (+€30,011) and Receivables within one year (+€5,166)
- Tangible fixed assets +€5,972
new in 2025: €5,972
- Receivables within one year -€5,166
down €5,166 (-67.4%), from €7,666 to €2,500
- Reserves +€30,011
up €30,011 (+72.9%), from €41,161 to €71,171
- Trade debts -€8,963
down €8,963 (-85.9%), from €10,430 to €1,467
- Tax, wage and social debts -€7,029
down €7,029 (-26.4%), from €26,642 to €19,613
- Gross operating margin -€20,249
down €20,249 (-31.0%), from €65,413 to €45,163
- Taxes -€8,477
down €8,477 (-45.8%), from €18,491 to €10,015
- Financial charges -€1,614
down €1,614 (-34.2%), from €4,724 to €3,110
- Depreciation +€722
new in 2025: €722
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,316 | €107,737 | +€14,421 | +15.5% |
| Fixed assets | 21/28 | - | €5,972 | +€5,972 | |
| Tangible fixed assets | 22/27 | - | €5,972 | +€5,972 | |
| Furniture and vehicles | 24 | - | €5,972 | +€5,972 | |
| Current assets | 29/58 | €93,316 | €101,765 | +€8,449 | +9.1% |
| Amounts receivable within one year | 40/41 | €7,666 | €2,500 | -€5,166 | -67.4% |
| Trade receivables | 40 | €7,666 | €2,500 | -€5,166 | -67.4% |
| Cash at bank and in hand | 54/58 | €85,650 | €98,203 | +€12,552 | +14.7% |
| Deferred charges and accrued income | 490/1 | - | €1,063 | +€1,063 | |
| Total equity and liabilities | 10/49 | €93,316 | €107,737 | +€14,421 | +15.5% |
| Equity | 10/15 | €56,161 | €86,171 | +€30,011 | +53.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €41,161 | €71,171 | +€30,011 | +72.9% |
| Distributable reserves | 133 | €41,161 | €71,171 | +€30,011 | +72.9% |
| Amounts payable | 17/49 | €37,155 | €21,566 | -€15,590 | -42.0% |
| Amounts payable within one year | 42/48 | €37,155 | €21,566 | -€15,590 | -42.0% |
| Trade debts | 44 | €10,430 | €1,467 | -€8,963 | -85.9% |
| Suppliers | 440/4 | €10,430 | €1,467 | -€8,963 | -85.9% |
| Taxes, remuneration and social security | 45 | €26,642 | €19,613 | -€7,029 | -26.4% |
| Taxes | 450/3 | €26,642 | €19,613 | -€7,029 | -26.4% |
| Other amounts payable | 47/48 | €84 | €486 | +€402 | +480% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €722 | +€722 | |
| Other operating charges | 640/8 | €1,038 | €1,306 | +€268 | +25.8% |
| Gross operating margin | 9900 | €65,413 | €45,163 | -€20,249 | -31.0% |
| Operating profit (loss) | 9901 | €64,375 | €43,136 | -€21,239 | -33.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €4,724 | €3,110 | -€1,614 | -34.2% |
| Recurring financial charges | 65 | €4,724 | €3,110 | -€1,614 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €59,652 | €40,025 | -€19,627 | -32.9% |
| Income taxes | 67/77 | €18,491 | €10,015 | -€8,477 | -45.8% |
| Profit (loss) for the period | 9904 | €41,161 | €30,011 | -€11,150 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,161 | €30,011 | -€11,150 | -27.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.