PIAMAN: 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.
What changed
PIAMAN
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€896,652
2024 · €898,025-€1,372
Equity
€5.1m
2024 · €4.4m+€703,795
Cash
€1.1m
2024 · €1.2m-€38,667
Balance sheet total
€5.6m
2024 · €5.4m+€138,785
Largest movements
Assets
- Tangible fixed assets +€138,222
up €138,222 (+70.4%), from €196,389 to €334,611
of which Furniture and vehicles: +€138,901
Equity and liabilities
- Reserves +€703,795
up €703,795 (+17.0%), from €4.1m to €4.8m
- Other debts -€449,773
down €449,773 (-69.8%), from €643,938 to €194,165
- Debts after one year -€85,714
down €85,714 (-63.2%), from €135,714 to €50,000
Income statement
- Turnover +€1.6m
new in 2025: €1.6m
- Gross operating margin -€1.0m
no longer reported in 2025 (was €1.0m)
- Services and other goods +€508,082
new in 2025: €508,082
- Financial income -€106,934
down €106,934 (-19.1%), from €558,761 to €451,827
- Other operating charges -€84,951
down €84,951 (-79.1%), from €107,422 to €22,472
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.
Result 2024
€898,025
Turnover
+€1.6m
Other operating income
+€55,752
Services and other goods
-€508,082
Staff costs
-€15,708
Depreciation
-€28,566
Other operating charges
+€84,951
Other operating items
-€1.0m
Financial income
-€106,934
Financial charges
+€1,838
Taxes
-€38,828
Result 2025
€896,652
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.
From operations
+€476,256
Investment
-€229,834
Financing
-€285,090
Cash 2024
€1.2m
From operations (derived)
+€476,256
Net result for the year
+€896,652
Depreciation
+€91,612
Receivables after one year
-€46,000
Receivables within one year
-€265
Deferred charges and accrued income
+€7,035
Trade debts
-€34,462
Tax, wage and social debts
+€11,458
Other debts
-€449,773
Investment (derived)
-€229,834
Investment in fixed assets (net)
-€229,834
Financing
-€285,090
Debts after one year
-€85,714
Current portion of long-term debt
-€3,510
Short-term financial debts
-€3,008
Contributions, distributions and other
-€192,857
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,428,703 | €5,567,488 | +€138,785 | +2.6% |
| Fixed assets | 21/28 | €4,203,025 | €4,341,247 | +€138,222 | +3.3% |
| Tangible fixed assets | 22/27 | €196,389 | €334,611 | +€138,222 | +70.4% |
| Plant, machinery and equipment | 23 | €10,122 | €9,442 | -€679 | -6.7% |
| Furniture and vehicles | 24 | €148,818 | €287,719 | +€138,901 | +93.3% |
| Other tangible fixed assets | 26 | €37,450 | €37,450 | = | 0.0% |
| Financial fixed assets | 28 | €4,006,636 | €4,006,636 | = | 0.0% |
| Affiliated companies | 280/1 | - | €3,996,136 | +€4.0m | |
| Participating interests | 280 | - | €3,996,136 | +€4.0m | |
| Other financial fixed assets | 284/8 | - | €10,500 | +€10,500 | |
| Amounts receivable and cash guarantees | 285/8 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €1,225,678 | €1,226,241 | +€563 | 0.0% |
| Amounts receivable after more than one year | 29 | - | €46,000 | +€46,000 | |
| Other amounts receivable | 291 | - | €46,000 | +€46,000 | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €30,122 | €30,387 | +€265 | +0.9% |
| Trade receivables | 40 | €14,557 | €9,800 | -€4,757 | -32.7% |
| Other amounts receivable | 41 | €15,565 | €20,587 | +€5,022 | +32.3% |
| Cash at bank and in hand | 54/58 | €1,175,310 | €1,136,643 | -€38,667 | -3.3% |
| Deferred charges and accrued income | 490/1 | €20,246 | €13,211 | -€7,035 | -34.7% |
| Total equity and liabilities | 10/49 | €5,428,703 | €5,567,488 | +€138,785 | +2.6% |
| Equity | 10/15 | €4,398,024 | €5,101,820 | +€703,795 | +16.0% |
| Contributions | 10/11 | €252,700 | €252,700 | = | 0.0% |
| Reserves | 13 | €4,145,324 | €4,849,120 | +€703,795 | +17.0% |
| Distributable reserves | 133 | €4,145,324 | €4,849,120 | +€703,795 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,030,678 | €465,668 | -€565,010 | -54.8% |
| Amounts payable after more than one year | 17 | €135,714 | €50,000 | -€85,714 | -63.2% |
| Financial debts | 170/4 | €135,714 | €50,000 | -€85,714 | -63.2% |
| Credit institutions | 173 | - | €50,000 | +€50,000 | |
| Amounts payable within one year | 42/48 | €894,964 | €415,669 | -€479,296 | -53.6% |
| Current portion of amounts payable after more than one year | 42 | €89,224 | €85,714 | -€3,510 | -3.9% |
| Financial debts | 43 | €5,851 | €2,843 | -€3,008 | -51.4% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €5,851 | €2,843 | -€3,008 | -51.4% |
| Trade debts | 44 | €83,953 | €49,490 | -€34,462 | -41.0% |
| Suppliers | 440/4 | €83,953 | €49,490 | -€34,462 | -41.0% |
| Taxes, remuneration and social security | 45 | €71,997 | €83,456 | +€11,458 | +15.9% |
| Taxes | 450/3 | €27,096 | €36,832 | +€9,736 | +35.9% |
| Remuneration and social security | 454/9 | €44,901 | €46,624 | +€1,723 | +3.8% |
| Other amounts payable | 47/48 | €643,938 | €194,165 | -€449,773 | -69.8% |
| Operating income | 70/76A | - | €1,640,005 | +€1.6m | |
| Turnover | 70 | - | €1,578,000 | +€1.6m | |
| Other operating income | 74 | - | €55,752 | +€55,752 | |
| Non-recurring operating income | 76A | - | €6,252 | +€6,252 | |
| Operating charges | 60/66A | - | €1,016,431 | +€1.0m | |
| Services and other goods | 61 | - | €508,082 | +€508,082 | |
| Remuneration, social security and pensions | 62 | €378,557 | €394,265 | +€15,708 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,046 | €91,612 | +€28,566 | +45.3% |
| Other operating charges | 640/8 | €107,422 | €22,472 | -€84,951 | -79.1% |
| Gross operating margin | 9900 | €1,030,048 | - | -€1.0m | |
| Operating profit (loss) | 9901 | €481,023 | €623,574 | +€142,551 | +29.6% |
| Financial income | 75/76B | €558,761 | €451,827 | -€106,934 | -19.1% |
| Recurring financial income | 75 | €558,761 | €451,827 | -€106,934 | -19.1% |
| Income from financial fixed assets | 750 | - | €449,895 | +€449,895 | |
| Income from current assets | 751 | - | €1,932 | +€1,932 | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €6,416 | €4,578 | -€1,838 | -28.7% |
| Recurring financial charges | 65 | €6,416 | €4,578 | -€1,838 | -28.7% |
| Debt charges | 650 | - | €2,809 | +€2,809 | |
| Other financial charges | 652/9 | - | €1,769 | +€1,769 | |
| Profit (loss) for the period before taxes | 9903 | €1,033,367 | €1,070,823 | +€37,456 | +3.6% |
| Income taxes | 67/77 | €135,343 | €174,171 | +€38,828 | +28.7% |
| Taxes | 670/3 | - | €174,171 | +€174,171 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €898,025 | €896,652 | -€1,372 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €898,025 | €896,652 | -€1,372 | -0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.