PIA SORVILLO: 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 SORVILLO
Largest movements
- Cash +€63,249
up €63,249 (+74.4%), from €85,009 to €148,258
mainly Net result for the year (+€58,951) and Tax, wage and social debts (+€8,121)
- Receivables within one year +€3,396
up €3,396 (+37.4%), from €9,085 to €12,481
of which Trade receivables: +€11,042
- Profit (loss) carried forward +€58,118
up €58,118 (+85.7%), from €67,790 to €125,907
- Tax, wage and social debts +€8,121
up €8,121 (+36.0%), from €22,579 to €30,699
of which Taxes: +€8,056
- Gross operating margin -€13,470
down €13,470 (-15.4%), from €87,244 to €73,775
- Taxes -€2,436
down €2,436 (-13.9%), from €17,524 to €15,088
- Depreciation -€1,025
no longer reported in 2025 (was €1,025)
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 | €94,351 | €161,004 | +€66,653 | +70.6% |
| Formation expenses | 20 | - | €0 | = | |
| Current assets | 29/58 | €94,351 | €161,004 | +€66,653 | +70.6% |
| Amounts receivable within one year | 40/41 | €9,085 | €12,481 | +€3,396 | +37.4% |
| Trade receivables | 40 | - | €11,042 | +€11,042 | |
| Other amounts receivable | 41 | €9,085 | €1,439 | -€7,646 | -84.2% |
| Cash at bank and in hand | 54/58 | €85,009 | €148,258 | +€63,249 | +74.4% |
| Deferred charges and accrued income | 490/1 | €257 | €266 | +€9 | +3.5% |
| Total equity and liabilities | 10/49 | €94,351 | €161,004 | +€66,653 | +70.6% |
| Equity | 10/15 | €70,790 | €128,907 | +€58,118 | +82.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,790 | €125,907 | +€58,118 | +85.7% |
| Amounts payable | 17/49 | €23,562 | €32,097 | +€8,535 | +36.2% |
| Amounts payable within one year | 42/48 | €23,562 | €32,097 | +€8,535 | +36.2% |
| Trade debts | 44 | €150 | €565 | +€415 | +277% |
| Suppliers | 440/4 | €150 | €565 | +€415 | +277% |
| Taxes, remuneration and social security | 45 | €22,579 | €30,699 | +€8,121 | +36.0% |
| Taxes | 450/3 | €20,389 | €28,445 | +€8,056 | +39.5% |
| Remuneration and social security | 454/9 | €2,189 | €2,254 | +€65 | +3.0% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,025 | - | -€1,025 | |
| Other operating charges | 640/8 | €287 | €66 | -€221 | -77.1% |
| Gross operating margin | 9900 | €87,244 | €73,775 | -€13,470 | -15.4% |
| Operating profit (loss) | 9901 | €85,933 | €73,709 | -€12,224 | -14.2% |
| Financial income | 75/76B | €260 | €374 | +€113 | +43.6% |
| Recurring financial income | 75 | €260 | €374 | +€113 | +43.6% |
| Financial charges | 65/66B | €46 | €44 | -€2 | -4.4% |
| Recurring financial charges | 65 | €46 | €44 | -€2 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €86,147 | €74,039 | -€12,108 | -14.1% |
| Income taxes | 67/77 | €17,524 | €15,088 | -€2,436 | -13.9% |
| Profit (loss) for the period | 9904 | €68,623 | €58,951 | -€9,672 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,623 | €58,951 | -€9,672 | -14.1% |
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 28 October 2026 via checked.be.