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
- Cash -€26,819
down €26,819 (-29.4%), from €91,291 to €64,471
mainly Investment in fixed assets (net) (-€55,258) and Tax, wage and social debts (-€26,404)
- Tangible fixed assets +€9,400
up €9,400 (+2.6%), from €363,277 to €372,677
of which Furniture and vehicles: +€55,532
- Tax, wage and social debts -€26,404
down €26,404 (-61.8%), from €42,690 to €16,287
of which Remuneration and social security: -€13,594
- Short-term financial debts +€15,960
new in 2025: €15,960
- Current portion of long-term debt +€13,249
up €13,249 (+29.2%), from €45,325 to €58,574
- Trade debts -€10,265
down €10,265 (-15.4%), from €66,480 to €56,215
- Debts after one year -€9,320
down €9,320 (-4.0%), from €232,124 to €222,804
- Staff costs +€37,322
up €37,322 (+9.1%), from €411,012 to €448,334
- Gross operating margin +€29,571
up €29,571 (+6.0%), from €489,605 to €519,176
- Depreciation -€9,391
down €9,391 (-17.0%), from €55,248 to €45,858
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 | €595,398 | €581,874 | -€13,524 | -2.3% |
| Fixed assets | 21/28 | €363,277 | €372,677 | +€9,400 | +2.6% |
| Tangible fixed assets | 22/27 | €363,277 | €372,677 | +€9,400 | +2.6% |
| Land and buildings | 22 | €301,093 | €272,606 | -€28,487 | -9.5% |
| Plant, machinery and equipment | 23 | €44,138 | €26,493 | -€17,644 | -40.0% |
| Furniture and vehicles | 24 | €18,046 | €73,578 | +€55,532 | +308% |
| Current assets | 29/58 | €232,121 | €209,197 | -€22,924 | -9.9% |
| Stocks and contracts in progress | 3 | €56,552 | €57,025 | +€473 | +0.8% |
| Stocks | 30/36 | €56,552 | €57,025 | +€473 | +0.8% |
| Amounts receivable within one year | 40/41 | €79,404 | €82,678 | +€3,274 | +4.1% |
| Trade receivables | 40 | €77,238 | €75,250 | -€1,988 | -2.6% |
| Other amounts receivable | 41 | €2,167 | €7,428 | +€5,262 | +243% |
| Cash at bank and in hand | 54/58 | €91,291 | €64,471 | -€26,819 | -29.4% |
| Deferred charges and accrued income | 490/1 | €4,874 | €5,022 | +€148 | +3.0% |
| Total equity and liabilities | 10/49 | €595,398 | €581,874 | -€13,524 | -2.3% |
| Equity | 10/15 | €206,817 | €207,619 | +€802 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €194,417 | €195,219 | +€802 | +0.4% |
| Distributable reserves | 133 | €194,417 | €195,219 | +€802 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €388,581 | €374,255 | -€14,326 | -3.7% |
| Amounts payable after more than one year | 17 | €232,124 | €222,804 | -€9,320 | -4.0% |
| Financial debts | 170/4 | €232,124 | €222,804 | -€9,320 | -4.0% |
| Amounts payable within one year | 42/48 | €156,162 | €150,004 | -€6,158 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €45,325 | €58,574 | +€13,249 | +29.2% |
| Financial debts | 43 | - | €15,960 | +€15,960 | |
| Credit institutions | 430/8 | - | €15,960 | +€15,960 | |
| Trade debts | 44 | €66,480 | €56,215 | -€10,265 | -15.4% |
| Suppliers | 440/4 | €66,480 | €56,215 | -€10,265 | -15.4% |
| Taxes, remuneration and social security | 45 | €42,690 | €16,287 | -€26,404 | -61.8% |
| Taxes | 450/3 | €29,096 | €16,287 | -€12,810 | -44.0% |
| Remuneration and social security | 454/9 | €13,594 | €0 | -€13,594 | -100% |
| Other amounts payable | 47/48 | €1,666 | €2,968 | +€1,302 | +78.2% |
| Accrued charges and deferred income | 492/3 | €295 | €1,447 | +€1,151 | +390% |
| Non-recurring operating income | 76A | €0 | €16,794 | +€16,794 | |
| Remuneration, social security and pensions | 62 | €411,012 | €448,334 | +€37,322 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,248 | €45,858 | -€9,391 | -17.0% |
| Other operating charges | 640/8 | €6,789 | €6,683 | -€106 | -1.6% |
| Non-recurring operating charges | 66A | - | €2,071 | +€2,071 | |
| Gross operating margin | 9900 | €489,605 | €519,176 | +€29,571 | +6.0% |
| Operating profit (loss) | 9901 | €16,556 | €16,231 | -€325 | -2.0% |
| Financial income | 75/76B | €0 | €8 | +€8 | +7,500% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +7,500% |
| Financial charges | 65/66B | €9,882 | €10,898 | +€1,016 | +10.3% |
| Recurring financial charges | 65 | €9,882 | €10,898 | +€1,016 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €6,674 | €5,340 | -€1,333 | -20.0% |
| Income taxes | 67/77 | €6,413 | €2,820 | -€3,592 | -56.0% |
| Profit (loss) for the period | 9904 | €261 | €2,520 | +€2,259 | +865% |
| Profit (loss) for the period to be appropriated | 9905 | €261 | €2,520 | +€2,259 | +865% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.