PIACERE RINATO: 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.
PIACERE RINATO
Largest movements
- Stocks and contracts +€22,264
new in 2025: €22,264
- Receivables within one year +€16,846
up €16,846 (+118%), from €14,226 to €31,073
of which Trade receivables: +€10,277
- Cash -€8,013
down €8,013 (-36.5%), from €21,943 to €13,930
mainly Stocks and contracts (-€22,264) and Receivables within one year (-€16,846)
- Tangible fixed assets -€3,286
down €3,286 (-15.6%), from €21,084 to €17,798
of which Other tangible fixed assets: -€2,667
- Reserves +€17,556
up €17,556 (+39.8%), from €44,131 to €61,688
- Tax, wage and social debts +€7,080
up €7,080 (+339%), from €2,088 to €9,169
- Trade debts +€5,283
up €5,283 (+295%), from €1,789 to €7,072
- Other debts -€2,233
down €2,233 (-27.1%), from €8,244 to €6,012
- Gross operating margin -€64,185
down €64,185 (-68.1%), from €94,235 to €30,049
- Taxes -€10,251
down €10,251 (-61.2%), from €16,751 to €6,500
- Depreciation -€2,039
down €2,039 (-27.1%), from €7,530 to €5,491
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 | €57,253 | €85,090 | +€27,837 | +48.6% |
| Fixed assets | 21/28 | €21,084 | €17,798 | -€3,286 | -15.6% |
| Tangible fixed assets | 22/27 | €21,084 | €17,798 | -€3,286 | -15.6% |
| Furniture and vehicles | 24 | €9,687 | €9,068 | -€619 | -6.4% |
| Other tangible fixed assets | 26 | €11,397 | €8,730 | -€2,667 | -23.4% |
| Current assets | 29/58 | €36,169 | €67,293 | +€31,124 | +86.1% |
| Stocks and contracts in progress | 3 | - | €22,264 | +€22,264 | |
| Stocks | 30/36 | - | €22,264 | +€22,264 | |
| Amounts receivable within one year | 40/41 | €14,226 | €31,073 | +€16,846 | +118% |
| Trade receivables | 40 | €11,533 | €21,810 | +€10,277 | +89.1% |
| Other amounts receivable | 41 | €2,693 | €9,262 | +€6,569 | +244% |
| Cash at bank and in hand | 54/58 | €21,943 | €13,930 | -€8,013 | -36.5% |
| Deferred charges and accrued income | 490/1 | - | €26 | +€26 | |
| Total equity and liabilities | 10/49 | €57,253 | €85,090 | +€27,837 | +48.6% |
| Equity | 10/15 | €45,131 | €62,688 | +€17,556 | +38.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €44,131 | €61,688 | +€17,556 | +39.8% |
| Distributable reserves | 133 | €44,131 | €61,688 | +€17,556 | +39.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,122 | €22,403 | +€10,281 | +84.8% |
| Amounts payable within one year | 42/48 | €12,122 | €22,253 | +€10,131 | +83.6% |
| Trade debts | 44 | €1,789 | €7,072 | +€5,283 | +295% |
| Suppliers | 440/4 | €1,789 | €7,072 | +€5,283 | +295% |
| Taxes, remuneration and social security | 45 | €2,088 | €9,169 | +€7,080 | +339% |
| Taxes | 450/3 | €2,088 | €9,169 | +€7,080 | +339% |
| Other amounts payable | 47/48 | €8,244 | €6,012 | -€2,233 | -27.1% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,530 | €5,491 | -€2,039 | -27.1% |
| Other operating charges | 640/8 | €846 | €535 | -€311 | -36.7% |
| Gross operating margin | 9900 | €94,235 | €30,049 | -€64,185 | -68.1% |
| Operating profit (loss) | 9901 | €85,859 | €24,023 | -€61,836 | -72.0% |
| Financial income | 75/76B | - | €200 | +€200 | |
| Recurring financial income | 75 | - | €200 | +€200 | |
| Financial charges | 65/66B | €148 | €166 | +€18 | +12.5% |
| Recurring financial charges | 65 | €148 | €166 | +€18 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €85,711 | €24,056 | -€61,655 | -71.9% |
| Income taxes | 67/77 | €16,751 | €6,500 | -€10,251 | -61.2% |
| Profit (loss) for the period | 9904 | €68,960 | €17,556 | -€51,404 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,960 | €17,556 | -€51,404 | -74.5% |
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 16 October 2026 via checked.be.