PI-ONÉ: what changed
Two fiscal 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.
PI-ONÉ
Largest movements
- Tangible fixed assets -€79,091
down €79,091 (-14.4%), from €547,376 to €468,284
of which Plant, machinery and equipment: -€63,091
- Cash +€43,629
up €43,629 (+21.1%), from €206,395 to €250,024
mainly Depreciation (+€85,080) and Tax, wage and social debts (+€53,843)
- Receivables within one year -€33,217
down €33,217 (-99.4%), from €33,415 to €198
of which Other amounts receivable: -€23,737
- Tax, wage and social debts +€53,843
up €53,843 (+33.9%), from €158,968 to €212,810
of which Taxes: +€28,758
- Trade debts -€46,263
down €46,263 (-10.0%), from €461,901 to €415,639
- Current portion of long-term debt -€29,672
down €29,672 (-50.1%), from €59,250 to €29,578
- Debts after one year -€29,578
down €29,578 (-14.1%), from €209,100 to €179,522
- Profit (loss) carried forward -€21,370
down €21,370 (-90.7%), from -€23,573 to -€44,942
- Gross operating margin +€55,219
up €55,219 (+8.9%), from €618,692 to €673,911
- Staff costs +€21,121
up €21,121 (+4.4%), from €479,127 to €500,248
- Depreciation -€10,437
down €10,437 (-10.9%), from €95,517 to €85,080
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.
Cash bridge derived
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 | €1,060,829 | €990,332 | -€70,497 | -6.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €562,316 | €484,164 | -€78,152 | -13.9% |
| Tangible fixed assets | 22/27 | €547,376 | €468,284 | -€79,091 | -14.4% |
| Land and buildings | 22 | €253,040 | €246,745 | -€6,295 | -2.5% |
| Plant, machinery and equipment | 23 | €278,219 | €215,128 | -€63,091 | -22.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €13,830 | €4,360 | -€9,469 | -68.5% |
| Other tangible fixed assets | 26 | €2,287 | €2,051 | -€236 | -10.3% |
| Financial fixed assets | 28 | €14,940 | €15,879 | +€939 | +6.3% |
| Current assets | 29/58 | €498,513 | €506,169 | +€7,655 | +1.5% |
| Stocks and contracts in progress | 3 | €255,999 | €253,771 | -€2,228 | -0.9% |
| Stocks | 30/36 | €255,999 | €253,771 | -€2,228 | -0.9% |
| Amounts receivable within one year | 40/41 | €33,415 | €198 | -€33,217 | -99.4% |
| Trade receivables | 40 | €9,679 | €198 | -€9,480 | -97.9% |
| Other amounts receivable | 41 | €23,737 | €0 | -€23,737 | -100.0% |
| Cash at bank and in hand | 54/58 | €206,395 | €250,024 | +€43,629 | +21.1% |
| Deferred charges and accrued income | 490/1 | €2,704 | €2,175 | -€529 | -19.5% |
| Total equity and liabilities | 10/49 | €1,060,829 | €990,332 | -€70,497 | -6.6% |
| Equity | 10/15 | €132,255 | €110,885 | -€21,370 | -16.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €35,828 | €35,828 | = | 0.0% |
| Distributable reserves | 133 | €35,828 | €35,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,573 | -€44,942 | -€21,370 | -90.7% |
| Amounts payable | 17/49 | €928,574 | €879,447 | -€49,127 | -5.3% |
| Amounts payable after more than one year | 17 | €209,100 | €179,522 | -€29,578 | -14.1% |
| Financial debts | 170/4 | €209,100 | €179,522 | -€29,578 | -14.1% |
| Amounts payable within one year | 42/48 | €719,474 | €699,925 | -€19,549 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €59,250 | €29,578 | -€29,672 | -50.1% |
| Trade debts | 44 | €461,901 | €415,639 | -€46,263 | -10.0% |
| Suppliers | 440/4 | €461,901 | €415,639 | -€46,263 | -10.0% |
| Taxes, remuneration and social security | 45 | €158,968 | €212,810 | +€53,843 | +33.9% |
| Taxes | 450/3 | €32,463 | €61,221 | +€28,758 | +88.6% |
| Remuneration and social security | 454/9 | €126,505 | €151,590 | +€25,085 | +19.8% |
| Other amounts payable | 47/48 | €39,355 | €41,898 | +€2,543 | +6.5% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Remuneration, social security and pensions | 62 | €479,127 | €500,248 | +€21,121 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,517 | €85,080 | -€10,437 | -10.9% |
| Other operating charges | 640/8 | €15,551 | €22,185 | +€6,634 | +42.7% |
| Non-recurring operating charges | 66A | €10,500 | €60,000 | +€49,500 | +471.4% |
| Gross operating margin | 9900 | €618,692 | €673,911 | +€55,219 | +8.9% |
| Operating profit (loss) | 9901 | €17,997 | €6,398 | -€11,599 | -64.5% |
| Financial income | 75/76B | €443 | €4,620 | +€4,177 | +943.8% |
| Recurring financial income | 75 | €443 | €4,620 | +€4,177 | +943.8% |
| Financial charges | 65/66B | €32,077 | €31,817 | -€261 | -0.8% |
| Recurring financial charges | 65 | €32,077 | €31,817 | -€261 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,637 | -€20,799 | -€7,162 | -52.5% |
| Income taxes | 67/77 | €581 | €571 | -€10 | -1.8% |
| Profit (loss) for the period | 9904 | -€14,218 | -€21,370 | -€7,152 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,218 | -€21,370 | -€7,152 | -50.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.