La Piazza: 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.
La Piazza
Largest movements
- Tangible fixed assets -€36,835
down €36,835 (-22.3%), from €164,963 to €128,127
of which Other tangible fixed assets: -€28,172
- Cash +€20,907
up €20,907 (+57.4%), from €36,410 to €57,317
mainly Depreciation (+€42,992) and Receivables within one year (+€14,811)
- Receivables within one year -€14,811
down €14,811 (-66.4%), from €22,315 to €7,503
of which Other amounts receivable: -€16,181
- Stocks and contracts -€4,395
down €4,395 (-13.3%), from €33,064 to €28,669
- Debts after one year -€23,542
down €23,542 (-45.1%), from €52,239 to €28,697
- Trade debts +€9,765
up €9,765 (+67.2%), from €14,533 to €24,298
- Tax, wage and social debts -€8,857
down €8,857 (-29.6%), from €29,958 to €21,101
of which Remuneration and social security: -€14,186
- Reserves -€7,000
down €7,000 (-9.5%), from €73,785 to €66,785
- Current portion of long-term debt -€5,565
down €5,565 (-7.8%), from €71,108 to €65,543
- Gross operating margin -€19,010
down €19,010 (-6.9%), from €277,424 to €258,414
- Staff costs -€7,508
down €7,508 (-3.6%), from €209,138 to €201,630
- Taxes -€4,040
down €4,040 (-95.5%), from €4,231 to €191
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 | €257,738 | €224,446 | -€33,292 | -12.9% |
| Fixed assets | 21/28 | €164,963 | €128,127 | -€36,835 | -22.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €164,963 | €128,127 | -€36,835 | -22.3% |
| Land and buildings | 22 | €14,713 | €13,013 | -€1,700 | -11.6% |
| Plant, machinery and equipment | 23 | €23,742 | €16,772 | -€6,970 | -29.4% |
| Furniture and vehicles | 24 | €23,545 | €23,551 | +€6 | 0.0% |
| Other tangible fixed assets | 26 | €102,963 | €74,791 | -€28,172 | -27.4% |
| Current assets | 29/58 | €92,775 | €96,319 | +€3,544 | +3.8% |
| Stocks and contracts in progress | 3 | €33,064 | €28,669 | -€4,395 | -13.3% |
| Stocks | 30/36 | €33,064 | €28,669 | -€4,395 | -13.3% |
| Amounts receivable within one year | 40/41 | €22,315 | €7,503 | -€14,811 | -66.4% |
| Trade receivables | 40 | - | €1,369 | +€1,369 | |
| Other amounts receivable | 41 | €22,315 | €6,134 | -€16,181 | -72.5% |
| Cash at bank and in hand | 54/58 | €36,410 | €57,317 | +€20,907 | +57.4% |
| Deferred charges and accrued income | 490/1 | €986 | €2,829 | +€1,843 | +187% |
| Total equity and liabilities | 10/49 | €257,738 | €224,446 | -€33,292 | -12.9% |
| Equity | 10/15 | €75,591 | €68,627 | -€6,964 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,785 | €66,785 | -€7,000 | -9.5% |
| Distributable reserves | 133 | €73,785 | €66,785 | -€7,000 | -9.5% |
| Profit (loss) carried forward | 14 | -€16,794 | -€16,759 | +€36 | +0.2% |
| Amounts payable | 17/49 | €182,147 | €155,819 | -€26,327 | -14.5% |
| Amounts payable after more than one year | 17 | €52,239 | €28,697 | -€23,542 | -45.1% |
| Financial debts | 170/4 | €52,239 | €28,697 | -€23,542 | -45.1% |
| Amounts payable within one year | 42/48 | €126,293 | €122,774 | -€3,519 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €71,108 | €65,543 | -€5,565 | -7.8% |
| Financial debts | 43 | €6,667 | €5,000 | -€1,667 | -25.0% |
| Credit institutions | 430/8 | €6,667 | €5,000 | -€1,667 | -25.0% |
| Trade debts | 44 | €14,533 | €24,298 | +€9,765 | +67.2% |
| Suppliers | 440/4 | €14,533 | €24,298 | +€9,765 | +67.2% |
| Advances received on contracts in progress | 46 | €4,027 | €2,450 | -€1,577 | -39.2% |
| Taxes, remuneration and social security | 45 | €29,958 | €21,101 | -€8,857 | -29.6% |
| Taxes | 450/3 | €5,657 | €10,986 | +€5,329 | +94.2% |
| Remuneration and social security | 454/9 | €24,301 | €10,115 | -€14,186 | -58.4% |
| Other amounts payable | 47/48 | - | €4,382 | +€4,382 | |
| Accrued charges and deferred income | 492/3 | €3,615 | €4,349 | +€734 | +20.3% |
| Remuneration, social security and pensions | 62 | €209,138 | €201,630 | -€7,508 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,843 | €42,992 | -€851 | -1.9% |
| Other operating charges | 640/8 | €3,006 | €2,261 | -€745 | -24.8% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €277,424 | €258,414 | -€19,010 | -6.9% |
| Operating profit (loss) | 9901 | €21,437 | €10,531 | -€10,906 | -50.9% |
| Financial income | 75/76B | €138 | €225 | +€87 | +63.2% |
| Recurring financial income | 75 | €138 | €225 | +€87 | +63.2% |
| Financial charges | 65/66B | €12,388 | €10,529 | -€1,859 | -15.0% |
| Recurring financial charges | 65 | €12,388 | €10,529 | -€1,859 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €9,187 | €227 | -€8,960 | -97.5% |
| Income taxes | 67/77 | €4,231 | €191 | -€4,040 | -95.5% |
| Profit (loss) for the period | 9904 | €4,956 | €36 | -€4,920 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,956 | €36 | -€4,920 | -99.3% |
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.