PABLO PIATTI: 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.
PABLO PIATTI
Largest movements
- Cash +€24,297
up €24,297 (+2,300%), from €1,056 to €25,353
mainly Net result for the year (+€16,869) and Receivables within one year (+€9,162)
- Receivables within one year -€9,162
down €9,162 (-62.6%), from €14,645 to €5,483
of which Trade receivables: -€9,159
- Deferred charges and accrued income -€5,685
down €5,685 (-85.7%), from €6,630 to €945
- Tangible fixed assets -€526
down €526 (-68.4%), from €768 to €243
of which Plant, machinery and equipment: -€402
- Stocks and contracts +€380
up €380 (+57.6%), from €660 to €1,040
- Profit (loss) carried forward +€16,869
up €16,869 (+230%), from €7,320 to €24,189
- Advances received -€8,470
no longer reported in 2025 (was €8,470)
- Tax, wage and social debts +€5,108
up €5,108 (+1,068%), from €478 to €5,587
- Trade debts -€3,026
down €3,026 (-77.5%), from €3,906 to €880
- Other debts -€1,557
down €1,557 (-22.4%), from €6,948 to €5,391
- Gross operating margin +€31,555
up €31,555, from -€6,084 to €25,472
- Other operating charges +€5,129
up €5,129 (+629%), from €815 to €5,944
- Taxes +€1,878
up €1,878 (+1,502%), from €125 to €2,003
- Depreciation -€994
down €994 (-65.4%), from €1,520 to €526
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 | €27,700 | €37,004 | +€9,305 | +33.6% |
| Fixed assets | 21/28 | €4,708 | €4,183 | -€526 | -11.2% |
| Tangible fixed assets | 22/27 | €768 | €243 | -€526 | -68.4% |
| Plant, machinery and equipment | 23 | €402 | - | -€402 | |
| Furniture and vehicles | 24 | €367 | €243 | -€124 | -33.9% |
| Financial fixed assets | 28 | €3,940 | €3,940 | = | 0.0% |
| Current assets | 29/58 | €22,991 | €32,822 | +€9,831 | +42.8% |
| Stocks and contracts in progress | 3 | €660 | €1,040 | +€380 | +57.6% |
| Stocks | 30/36 | €660 | €1,040 | +€380 | +57.6% |
| Amounts receivable within one year | 40/41 | €14,645 | €5,483 | -€9,162 | -62.6% |
| Trade receivables | 40 | €14,120 | €4,961 | -€9,159 | -64.9% |
| Other amounts receivable | 41 | €525 | €522 | -€3 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,056 | €25,353 | +€24,297 | +2,300% |
| Deferred charges and accrued income | 490/1 | €6,630 | €945 | -€5,685 | -85.7% |
| Total equity and liabilities | 10/49 | €27,700 | €37,004 | +€9,305 | +33.6% |
| Equity | 10/15 | €7,420 | €24,289 | +€16,869 | +227% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,320 | €24,189 | +€16,869 | +230% |
| Amounts payable | 17/49 | €20,279 | €12,715 | -€7,564 | -37.3% |
| Amounts payable within one year | 42/48 | €19,802 | €11,858 | -€7,944 | -40.1% |
| Trade debts | 44 | €3,906 | €880 | -€3,026 | -77.5% |
| Suppliers | 440/4 | €3,906 | €880 | -€3,026 | -77.5% |
| Advances received on contracts in progress | 46 | €8,470 | - | -€8,470 | |
| Taxes, remuneration and social security | 45 | €478 | €5,587 | +€5,108 | +1,068% |
| Taxes | 450/3 | €478 | €5,587 | +€5,108 | +1,068% |
| Other amounts payable | 47/48 | €6,948 | €5,391 | -€1,557 | -22.4% |
| Accrued charges and deferred income | 492/3 | €477 | €857 | +€380 | +79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,520 | €526 | -€994 | -65.4% |
| Other operating charges | 640/8 | €815 | €5,944 | +€5,129 | +629% |
| Gross operating margin | 9900 | -€6,084 | €25,472 | +€31,555 | |
| Operating profit (loss) | 9901 | -€8,418 | €19,002 | +€27,420 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +1,216% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +1,216% |
| Financial charges | 65/66B | €129 | €135 | +€7 | +5.1% |
| Recurring financial charges | 65 | €129 | €135 | +€7 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,546 | €18,872 | +€27,418 | |
| Income taxes | 67/77 | €125 | €2,003 | +€1,878 | +1,502% |
| Profit (loss) for the period | 9904 | -€8,671 | €16,869 | +€25,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,671 | €16,869 | +€25,540 |
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 26 October 2026 via checked.be.