La Pioche: what changed
La Pioche
Largest movements
- Cash -€131,945
down €131,945 (-60.5%), from €217,952 to €86,008
mainly Receivables within one year (-€90,243) and Debts within one year (-€35,107)
- Receivables within one year +€90,243
up €90,243 (+84.1%), from €107,300 to €197,542
of which Other amounts receivable: +€89,448
- Debts within one year -€35,107
down €35,107 (-15.3%), from €229,593 to €194,486
- Accrued charges and deferred income -€5,250
no longer reported in 2025 (was €5,250)
- Staff costs +€63,142
up €63,142 (+6.8%), from €928,619 to €991,762
- Gross operating margin +€55,769
up €55,769 (+5.9%), from €937,871 to €993,640
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,650 | €287,884 | -€39,766 | -12.1% |
| Fixed assets | 21/28 | €250 | €1,548 | +€1,298 | +519% |
| Tangible fixed assets | 22/27 | - | €1,298 | +€1,298 | |
| Furniture and vehicles | 24 | - | €1,298 | +€1,298 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €327,400 | €286,336 | -€41,064 | -12.5% |
| Amounts receivable within one year | 40/41 | €107,300 | €197,542 | +€90,243 | +84.1% |
| Trade receivables | 40 | €1,107 | €1,901 | +€794 | +71.7% |
| Other amounts receivable | 41 | €106,193 | €195,641 | +€89,448 | +84.2% |
| Cash at bank and in hand | 54/58 | €217,952 | €86,008 | -€131,945 | -60.5% |
| Deferred charges and accrued income | 490/1 | €2,148 | €2,786 | +€638 | +29.7% |
| Total equity and liabilities | 10/49 | €327,650 | €287,884 | -€39,766 | -12.1% |
| Equity | 10/15 | €92,807 | €93,398 | +€591 | +0.6% |
| Profit (loss) carried forward | 14 | €92,807 | €93,398 | +€591 | +0.6% |
| Amounts payable | 17/49 | €234,843 | €194,486 | -€40,357 | -17.2% |
| Amounts payable within one year | 42/48 | €229,593 | €194,486 | -€35,107 | -15.3% |
| Trade debts | 44 | €3,675 | €2,709 | -€967 | -26.3% |
| Suppliers | 440/4 | €3,675 | €2,709 | -€967 | -26.3% |
| Taxes, remuneration and social security | 45 | €107,031 | €108,240 | +€1,209 | +1.1% |
| Taxes | 450/3 | €734 | €22 | -€712 | -97.0% |
| Remuneration and social security | 454/9 | €106,298 | €108,218 | +€1,921 | +1.8% |
| Accrued charges and deferred income | 492/3 | €5,250 | - | -€5,250 | |
| Remuneration, social security and pensions | 62 | €928,619 | €991,762 | +€63,142 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,897 | €649 | -€1,248 | -65.8% |
| Other operating charges | 640/8 | €5 | - | -€5 | |
| Gross operating margin | 9900 | €937,871 | €993,640 | +€55,769 | +5.9% |
| Operating profit (loss) | 9901 | €7,349 | €1,230 | -€6,120 | -83.3% |
| Financial income | 75/76B | €68 | €61 | -€7 | -9.8% |
| Recurring financial income | 75 | €68 | €61 | -€7 | -9.8% |
| Financial charges | 65/66B | €1,165 | €699 | -€466 | -40.0% |
| Recurring financial charges | 65 | €1,165 | €699 | -€466 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €6,252 | €591 | -€5,660 | -90.5% |
| Profit (loss) for the period | 9904 | €6,252 | €591 | -€5,660 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,252 | €591 | -€5,660 | -90.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.