IL PIACERE: 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.
IL PIACERE
Largest movements
- Tangible fixed assets +€22,193
up €22,193 (+13.9%), from €159,096 to €181,289
of which Land and buildings: +€30,691
- Cash +€14,457
up €14,457 (+40.1%), from €36,074 to €50,530
mainly Depreciation (+€30,718) and Debts after one year (+€27,483)
- Receivables within one year +€5,353
up €5,353 (+3.8%), from €141,835 to €147,188
of which Other amounts receivable: +€10,883
- Debts after one year +€27,483
up €27,483 (+35.3%), from €77,817 to €105,300
- Reserves +€16,539
up €16,539 (+9.1%), from €182,483 to €199,021
- Trade debts -€4,207
down €4,207 (-15.6%), from €26,889 to €22,682
- Depreciation -€6,428
down €6,428 (-17.3%), from €37,146 to €30,718
- Staff costs -€3,553
down €3,553 (-2.3%), from €155,511 to €151,957
- Taxes +€2,730
up €2,730 (+65.1%), from €4,193 to €6,923
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 | €342,568 | €385,030 | +€42,461 | +12.4% |
| Fixed assets | 21/28 | €159,096 | €181,289 | +€22,193 | +13.9% |
| Tangible fixed assets | 22/27 | €159,096 | €181,289 | +€22,193 | +13.9% |
| Land and buildings | 22 | €115,622 | €146,312 | +€30,691 | +26.5% |
| Plant, machinery and equipment | 23 | €41,195 | €34,421 | -€6,775 | -16.4% |
| Furniture and vehicles | 24 | €2,279 | €556 | -€1,723 | -75.6% |
| Current assets | 29/58 | €183,473 | €203,741 | +€20,268 | +11.0% |
| Stocks and contracts in progress | 3 | €3,118 | €3,461 | +€343 | +11.0% |
| Stocks | 30/36 | €3,118 | €3,461 | +€343 | +11.0% |
| Amounts receivable within one year | 40/41 | €141,835 | €147,188 | +€5,353 | +3.8% |
| Trade receivables | 40 | €5,530 | - | -€5,530 | |
| Other amounts receivable | 41 | €136,305 | €147,188 | +€10,883 | +8.0% |
| Cash at bank and in hand | 54/58 | €36,074 | €50,530 | +€14,457 | +40.1% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,561 | +€116 | +4.7% |
| Total equity and liabilities | 10/49 | €342,568 | €385,030 | +€42,461 | +12.4% |
| Equity | 10/15 | €184,983 | €201,521 | +€16,539 | +8.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €182,483 | €199,021 | +€16,539 | +9.1% |
| Distributable reserves | 133 | €182,483 | €199,021 | +€16,539 | +9.1% |
| Amounts payable | 17/49 | €157,586 | €183,509 | +€25,923 | +16.4% |
| Amounts payable after more than one year | 17 | €77,817 | €105,300 | +€27,483 | +35.3% |
| Financial debts | 170/4 | €77,817 | €105,300 | +€27,483 | +35.3% |
| Amounts payable within one year | 42/48 | €79,100 | €77,541 | -€1,559 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €4,323 | €7,839 | +€3,516 | +81.3% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €26,889 | €22,682 | -€4,207 | -15.6% |
| Suppliers | 440/4 | €26,889 | €22,682 | -€4,207 | -15.6% |
| Taxes, remuneration and social security | 45 | €27,888 | €27,020 | -€868 | -3.1% |
| Taxes | 450/3 | €9,731 | €8,575 | -€1,157 | -11.9% |
| Remuneration and social security | 454/9 | €18,157 | €18,445 | +€288 | +1.6% |
| Accrued charges and deferred income | 492/3 | €668 | €668 | -€1 | -0.1% |
| Remuneration, social security and pensions | 62 | €155,511 | €151,957 | -€3,553 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,146 | €30,718 | -€6,428 | -17.3% |
| Other operating charges | 640/8 | €1,921 | €2,287 | +€366 | +19.1% |
| Non-recurring operating charges | 66A | €466 | - | -€466 | |
| Gross operating margin | 9900 | €211,348 | €209,505 | -€1,843 | -0.9% |
| Operating profit (loss) | 9901 | €16,305 | €24,542 | +€8,237 | +50.5% |
| Financial income | 75/76B | €5,343 | €5,947 | +€604 | +11.3% |
| Recurring financial income | 75 | €5,343 | €5,947 | +€604 | +11.3% |
| Financial charges | 65/66B | €6,406 | €7,028 | +€622 | +9.7% |
| Recurring financial charges | 65 | €6,406 | €7,028 | +€622 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €15,241 | €23,461 | +€8,220 | +53.9% |
| Income taxes | 67/77 | €4,193 | €6,923 | +€2,730 | +65.1% |
| Profit (loss) for the period | 9904 | €11,048 | €16,539 | +€5,490 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,048 | €16,539 | +€5,490 | +49.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.