Piam: 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.
Piam
Largest movements
- Receivables within one year -€88,231
down €88,231 (-52.7%), from €167,553 to €79,322
of which Trade receivables: -€96,559
- Tangible fixed assets +€84,816
up €84,816 (+192.7%), from €44,024 to €128,840
of which Furniture and vehicles: +€100,858
- Cash -€37,711
down €37,711 (-50.2%), from €75,069 to €37,358
mainly Investment in fixed assets (net) (-€119,741) and Trade debts (-€57,774)
- Trade debts -€57,774
down €57,774 (-72.5%), from €79,651 to €21,877
- Debts after one year +€54,238
up €54,238 (+380.3%), from €14,261 to €68,499
- Profit (loss) carried forward -€23,040
down €23,040, from €292 to -€22,748
- Tax, wage and social debts -€19,475
down €19,475 (-38.3%), from €50,859 to €31,384
of which Taxes: -€20,656
- Short-term financial debts +€3,839
new in 2024: €3,839
- Taxes -€20,814
down €20,814 (-98.7%), from €21,093 to €279
- Gross operating margin -€15,395
down €15,395 (-19.2%), from €80,355 to €64,960
- Depreciation +€14,095
up €14,095 (+67.7%), from €20,830 to €34,924
- Staff costs +€13,039
up €13,039 (+39.6%), from €32,952 to €45,991
- Other operating charges +€1,363
up €1,363 (+117.4%), from €1,162 to €2,525
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,797 | €268,705 | -€41,092 | -13.3% |
| Fixed assets | 21/28 | €49,024 | €133,840 | +€84,816 | +173.0% |
| Tangible fixed assets | 22/27 | €44,024 | €128,840 | +€84,816 | +192.7% |
| Plant, machinery and equipment | 23 | €16,558 | €7,381 | -€9,178 | -55.4% |
| Furniture and vehicles | 24 | €2,768 | €103,626 | +€100,858 | +3643.8% |
| Leasing and similar rights | 25 | €18,290 | €12,281 | -€6,009 | -32.9% |
| Other tangible fixed assets | 26 | €6,407 | €5,551 | -€856 | -13.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €260,773 | €134,865 | -€125,908 | -48.3% |
| Stocks and contracts in progress | 3 | €15,460 | €15,460 | = | 0.0% |
| Stocks | 30/36 | €15,460 | €15,460 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €167,553 | €79,322 | -€88,231 | -52.7% |
| Trade receivables | 40 | €117,019 | €20,460 | -€96,559 | -82.5% |
| Other amounts receivable | 41 | €50,534 | €58,862 | +€8,328 | +16.5% |
| Cash at bank and in hand | 54/58 | €75,069 | €37,358 | -€37,711 | -50.2% |
| Deferred charges and accrued income | 490/1 | €2,692 | €2,726 | +€34 | +1.3% |
| Total equity and liabilities | 10/49 | €309,797 | €268,705 | -€41,092 | -13.3% |
| Equity | 10/15 | €138,384 | €115,344 | -€23,040 | -16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €125,692 | €125,692 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €123,832 | €123,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292 | -€22,748 | -€23,040 | |
| Amounts payable | 17/49 | €171,412 | €153,360 | -€18,052 | -10.5% |
| Amounts payable after more than one year | 17 | €14,261 | €68,499 | +€54,238 | +380.3% |
| Financial debts | 170/4 | €14,261 | €68,499 | +€54,238 | +380.3% |
| Amounts payable within one year | 42/48 | €157,152 | €84,862 | -€72,290 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €26,642 | €27,762 | +€1,120 | +4.2% |
| Financial debts | 43 | - | €3,839 | +€3,839 | |
| Credit institutions | 430/8 | - | €3,839 | +€3,839 | |
| Trade debts | 44 | €79,651 | €21,877 | -€57,774 | -72.5% |
| Suppliers | 440/4 | €79,651 | €21,877 | -€57,774 | -72.5% |
| Taxes, remuneration and social security | 45 | €50,859 | €31,384 | -€19,475 | -38.3% |
| Taxes | 450/3 | €44,957 | €24,301 | -€20,656 | -45.9% |
| Remuneration and social security | 454/9 | €5,902 | €7,083 | +€1,181 | +20.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,952 | €45,991 | +€13,039 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,830 | €34,924 | +€14,095 | +67.7% |
| Other operating charges | 640/8 | €1,162 | €2,525 | +€1,363 | +117.4% |
| Gross operating margin | 9900 | €80,355 | €64,960 | -€15,395 | -19.2% |
| Operating profit (loss) | 9901 | €25,411 | -€18,481 | -€43,893 | |
| Financial income | 75/76B | €1,701 | €2,241 | +€539 | +31.7% |
| Recurring financial income | 75 | €1,701 | €2,241 | +€539 | +31.7% |
| Financial charges | 65/66B | €5,728 | €6,520 | +€792 | +13.8% |
| Recurring financial charges | 65 | €5,728 | €6,520 | +€792 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €21,385 | -€22,761 | -€44,145 | |
| Income taxes | 67/77 | €21,093 | €279 | -€20,814 | -98.7% |
| Profit (loss) for the period | 9904 | €292 | -€23,040 | -€23,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €292 | -€23,040 | -€23,332 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.