PIANOC: 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.
PIANOC
Largest movements
- Cash +€50,904
up €50,904 (+506%), from €10,056 to €60,960
mainly Net result for the year (+€48,348) and Depreciation (+€12,589)
- Receivables within one year +€12,981
up €12,981 (+272%), from €4,768 to €17,749
of which Trade receivables: +€9,900
- Tangible fixed assets -€11,738
down €11,738 (-32.5%), from €36,100 to €24,362
of which Furniture and vehicles: -€12,068
- Deferred charges and accrued income +€1,723
up €1,723 (+1,151%), from €150 to €1,872
- Profit (loss) carried forward +€48,348
up €48,348 (+87.0%), from -€55,583 to -€7,235
- Tax, wage and social debts +€4,108
up €4,108 (+384%), from €1,071 to €5,179
- Trade debts -€2,936
down €2,936 (-84.8%), from €3,464 to €528
- Accrued charges and deferred income +€2,738
up €2,738 (+81.8%), from €3,347 to €6,085
- Other debts +€1,612
up €1,612 (+4.3%), from €37,867 to €39,479
- Gross operating margin +€132,748
up €132,748, from -€68,420 to €64,328
- Financial charges -€1,099
down €1,099 (-28.2%), from €3,899 to €2,801
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 | €51,574 | €105,443 | +€53,869 | +104% |
| Fixed assets | 21/28 | €36,600 | €24,862 | -€11,738 | -32.1% |
| Tangible fixed assets | 22/27 | €36,100 | €24,362 | -€11,738 | -32.5% |
| Plant, machinery and equipment | 23 | €2,160 | €2,491 | +€330 | +15.3% |
| Furniture and vehicles | 24 | €33,940 | €21,872 | -€12,068 | -35.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €14,974 | €80,581 | +€65,607 | +438% |
| Amounts receivable within one year | 40/41 | €4,768 | €17,749 | +€12,981 | +272% |
| Trade receivables | 40 | €2,987 | €12,887 | +€9,900 | +331% |
| Other amounts receivable | 41 | €1,782 | €4,862 | +€3,081 | +173% |
| Cash at bank and in hand | 54/58 | €10,056 | €60,960 | +€50,904 | +506% |
| Deferred charges and accrued income | 490/1 | €150 | €1,872 | +€1,723 | +1,151% |
| Total equity and liabilities | 10/49 | €51,574 | €105,443 | +€53,869 | +104% |
| Equity | 10/15 | €5,824 | €54,172 | +€48,348 | +830% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,807 | €42,807 | = | 0.0% |
| Distributable reserves | 133 | €42,807 | €42,807 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,583 | -€7,235 | +€48,348 | +87.0% |
| Amounts payable | 17/49 | €45,749 | €51,271 | +€5,521 | +12.1% |
| Amounts payable within one year | 42/48 | €42,402 | €45,186 | +€2,783 | +6.6% |
| Trade debts | 44 | €3,464 | €528 | -€2,936 | -84.8% |
| Suppliers | 440/4 | €3,464 | €528 | -€2,936 | -84.8% |
| Taxes, remuneration and social security | 45 | €1,071 | €5,179 | +€4,108 | +384% |
| Taxes | 450/3 | €1,071 | €5,179 | +€4,108 | +384% |
| Other amounts payable | 47/48 | €37,867 | €39,479 | +€1,612 | +4.3% |
| Accrued charges and deferred income | 492/3 | €3,347 | €6,085 | +€2,738 | +81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,040 | €12,589 | +€549 | +4.6% |
| Other operating charges | 640/8 | €558 | €453 | -€105 | -18.8% |
| Gross operating margin | 9900 | -€68,420 | €64,328 | +€132,748 | |
| Operating profit (loss) | 9901 | -€81,018 | €51,286 | +€132,304 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,899 | €2,801 | -€1,099 | -28.2% |
| Recurring financial charges | 65 | €3,899 | €2,801 | -€1,099 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€84,917 | €48,485 | +€133,402 | |
| Income taxes | 67/77 | €162 | €138 | -€24 | -15.0% |
| Profit (loss) for the period | 9904 | -€85,079 | €48,348 | +€133,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,079 | €48,348 | +€133,427 |
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 17 October 2026 via checked.be.