PIA BUILDING: 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.
PIA BUILDING
Largest movements
- Receivables within one year -€62,855
down €62,855 (-34.0%), from €185,064 to €122,209
of which Trade receivables: -€75,164
- Cash +€40,572
up €40,572 (+456%), from €8,892 to €49,464
mainly Receivables within one year (+€62,855) and Net result for the year (+€24,296)
- Trade debts -€72,058
down €72,058 (-57.7%), from €124,827 to €52,768
- Profit (loss) carried forward +€24,296
up €24,296 (+44.7%), from €54,315 to €78,612
- Accrued charges and deferred income +€18,967
new in 2025: €18,967
- Tax, wage and social debts +€6,853
up €6,853 (+43.4%), from €15,779 to €22,632
- Purchases and services -€27,837
down €27,837 (-11.4%), from €244,717 to €216,880
- Gross operating margin -€9,300
down €9,300 (-22.0%), from €42,282 to €32,983
- Depreciation -€4,466
down €4,466 (-74.9%), from €5,965 to €1,498
- Taxes -€506
down €506 (-6.9%), from €7,359 to €6,853
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 | €199,921 | €177,979 | -€21,942 | -11.0% |
| Fixed assets | 21/28 | €5,965 | €6,305 | +€341 | +5.7% |
| Tangible fixed assets | 22/27 | €5,965 | €6,305 | +€341 | +5.7% |
| Furniture and vehicles | 24 | €5,965 | €6,305 | +€341 | +5.7% |
| Current assets | 29/58 | €193,956 | €171,674 | -€22,283 | -11.5% |
| Amounts receivable within one year | 40/41 | €185,064 | €122,209 | -€62,855 | -34.0% |
| Trade receivables | 40 | €126,361 | €51,198 | -€75,164 | -59.5% |
| Other amounts receivable | 41 | €58,703 | €71,012 | +€12,309 | +21.0% |
| Cash at bank and in hand | 54/58 | €8,892 | €49,464 | +€40,572 | +456% |
| Total equity and liabilities | 10/49 | €199,921 | €177,979 | -€21,942 | -11.0% |
| Equity | 10/15 | €59,315 | €83,612 | +€24,296 | +41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,315 | €78,612 | +€24,296 | +44.7% |
| Amounts payable | 17/49 | €140,606 | €94,368 | -€46,238 | -32.9% |
| Amounts payable within one year | 42/48 | €140,606 | €75,401 | -€65,205 | -46.4% |
| Trade debts | 44 | €124,827 | €52,768 | -€72,058 | -57.7% |
| Suppliers | 440/4 | €124,827 | €52,768 | -€72,058 | -57.7% |
| Taxes, remuneration and social security | 45 | €15,779 | €22,632 | +€6,853 | +43.4% |
| Taxes | 450/3 | €15,779 | €22,632 | +€6,853 | +43.4% |
| Accrued charges and deferred income | 492/3 | - | €18,967 | +€18,967 | |
| Goods, raw materials, services and sundry goods | 60/61 | €244,717 | €216,880 | -€27,837 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,965 | €1,498 | -€4,466 | -74.9% |
| Gross operating margin | 9900 | €42,282 | €32,983 | -€9,300 | -22.0% |
| Operating profit (loss) | 9901 | €36,318 | €31,485 | -€4,833 | -13.3% |
| Financial charges | 65/66B | €65 | €335 | +€270 | +415% |
| Recurring financial charges | 65 | €65 | €335 | +€270 | +415% |
| Profit (loss) for the period before taxes | 9903 | €36,253 | €31,150 | -€5,103 | -14.1% |
| Income taxes | 67/77 | €7,359 | €6,853 | -€506 | -6.9% |
| Profit (loss) for the period | 9904 | €28,894 | €24,296 | -€4,598 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,894 | €24,296 | -€4,598 | -15.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.