La Piazzetta: 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 Piazzetta
Largest movements
- Receivables within one year +€38,230
up €38,230 (+1,787%), from €2,139 to €40,369
- Tangible fixed assets -€10,539
down €10,539 (-62.1%), from €16,978 to €6,439
of which Furniture and vehicles: -€7,903
- Deferred charges and accrued income -€4,984
no longer reported in 2025 (was €4,984)
- Cash -€1,469
down €1,469 (-9.3%), from €15,863 to €14,393
mainly Receivables within one year (-€38,230) and Accrued charges and deferred income (-€49)
- Stocks and contracts -€860
down €860 (-29.6%), from €2,910 to €2,050
- Profit (loss) carried forward +€15,005
up €15,005 (+164%), from €9,175 to €24,180
- Trade debts +€3,691
up €3,691 (+611%), from €604 to €4,294
- Tax, wage and social debts +€1,730
up €1,730 (+14.7%), from €11,787 to €13,518
of which Taxes: +€6,113
- Gross operating margin +€11,264
up €11,264 (+14.5%), from €77,428 to €88,692
- Depreciation -€10,786
down €10,786 (-76.1%), from €14,166 to €3,380
- Other operating charges +€6,930
up €6,930 (+397%), from €1,744 to €8,674
- Taxes +€5,731
up €5,731 (+955%), from €600 to €6,331
- Staff costs -€3,586
down €3,586 (-6.0%), from €59,506 to €55,920
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 | €42,874 | €63,252 | +€20,378 | +47.5% |
| Fixed assets | 21/28 | €16,978 | €6,439 | -€10,539 | -62.1% |
| Tangible fixed assets | 22/27 | €16,978 | €6,439 | -€10,539 | -62.1% |
| Plant, machinery and equipment | 23 | €7,109 | €4,473 | -€2,635 | -37.1% |
| Furniture and vehicles | 24 | €9,869 | €1,966 | -€7,903 | -80.1% |
| Current assets | 29/58 | €25,896 | €56,813 | +€30,916 | +119% |
| Stocks and contracts in progress | 3 | €2,910 | €2,050 | -€860 | -29.6% |
| Stocks | 30/36 | €2,910 | €2,050 | -€860 | -29.6% |
| Amounts receivable within one year | 40/41 | €2,139 | €40,369 | +€38,230 | +1,787% |
| Other amounts receivable | 41 | €2,139 | €40,369 | +€38,230 | +1,787% |
| Cash at bank and in hand | 54/58 | €15,863 | €14,393 | -€1,469 | -9.3% |
| Deferred charges and accrued income | 490/1 | €4,984 | - | -€4,984 | |
| Total equity and liabilities | 10/49 | €42,874 | €63,252 | +€20,378 | +47.5% |
| Equity | 10/15 | €30,435 | €45,440 | +€15,005 | +49.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Distributable reserves | 133 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,175 | €24,180 | +€15,005 | +164% |
| Amounts payable | 17/49 | €12,440 | €17,812 | +€5,373 | +43.2% |
| Amounts payable within one year | 42/48 | €12,391 | €17,812 | +€5,421 | +43.8% |
| Trade debts | 44 | €604 | €4,294 | +€3,691 | +611% |
| Suppliers | 440/4 | €604 | €4,294 | +€3,691 | +611% |
| Taxes, remuneration and social security | 45 | €11,787 | €13,518 | +€1,730 | +14.7% |
| Taxes | 450/3 | €4,070 | €10,183 | +€6,113 | +150% |
| Remuneration and social security | 454/9 | €7,718 | €3,335 | -€4,383 | -56.8% |
| Accrued charges and deferred income | 492/3 | €49 | - | -€49 | |
| Remuneration, social security and pensions | 62 | €59,506 | €55,920 | -€3,586 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,166 | €3,380 | -€10,786 | -76.1% |
| Other operating charges | 640/8 | €1,744 | €8,674 | +€6,930 | +397% |
| Gross operating margin | 9900 | €77,428 | €88,692 | +€11,264 | +14.5% |
| Operating profit (loss) | 9901 | €2,013 | €20,719 | +€18,706 | +929% |
| Financial income | 75/76B | €103 | €2,066 | +€1,964 | +1,915% |
| Recurring financial income | 75 | €103 | €2,066 | +€1,964 | +1,915% |
| Financial charges | 65/66B | €388 | €1,448 | +€1,061 | +274% |
| Recurring financial charges | 65 | €388 | €1,448 | +€1,061 | +274% |
| Profit (loss) for the period before taxes | 9903 | €1,727 | €21,336 | +€19,609 | +1,135% |
| Income taxes | 67/77 | €600 | €6,331 | +€5,731 | +955% |
| Profit (loss) for the period | 9904 | €1,127 | €15,005 | +€13,878 | +1,231% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127 | €15,005 | +€13,878 | +1,231% |
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 21 October 2026 via checked.be.