Piantino: 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.
Piantino
Largest movements
- Tangible fixed assets -€6,986
down €6,986 (-20.8%), from €33,637 to €26,651
of which Furniture and vehicles: -€6,226
- Cash +€5,142
up €5,142 (+5.6%), from €91,452 to €96,593
mainly Net result for the year (+€85,224) and Other debts (+€35,109)
- Other debts +€35,109
up €35,109 (+59.7%), from €58,824 to €93,932
- Reserves -€16,321
no longer reported in 2025 (was €16,321)
- Debts after one year -€8,138
down €8,138 (-47.2%), from €17,226 to €9,088
- Tax, wage and social debts -€7,195
down €7,195 (-30.8%), from €23,343 to €16,148
of which Taxes: -€4,659
- Profit (loss) carried forward -€3,237
down €3,237 (-38.3%), from €8,461 to €5,224
- Gross operating margin +€23,774
up €23,774 (+22.5%), from €105,443 to €129,217
- Taxes +€4,953
up €4,953 (+20.0%), from €24,728 to €29,680
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 | €154,362 | €152,581 | -€1,781 | -1.2% |
| Fixed assets | 21/28 | €33,637 | €26,651 | -€6,986 | -20.8% |
| Tangible fixed assets | 22/27 | €33,637 | €26,651 | -€6,986 | -20.8% |
| Plant, machinery and equipment | 23 | €5,796 | €5,036 | -€760 | -13.1% |
| Furniture and vehicles | 24 | €27,841 | €21,615 | -€6,226 | -22.4% |
| Current assets | 29/58 | €120,725 | €125,930 | +€5,205 | +4.3% |
| Amounts receivable within one year | 40/41 | €28,070 | €27,699 | -€371 | -1.3% |
| Trade receivables | 40 | €18,946 | €24,379 | +€5,433 | +28.7% |
| Other amounts receivable | 41 | €9,124 | €3,320 | -€5,805 | -63.6% |
| Cash at bank and in hand | 54/58 | €91,452 | €96,593 | +€5,142 | +5.6% |
| Deferred charges and accrued income | 490/1 | €1,203 | €1,638 | +€435 | +36.1% |
| Total equity and liabilities | 10/49 | €154,362 | €152,581 | -€1,781 | -1.2% |
| Equity | 10/15 | €43,381 | €23,824 | -€19,557 | -45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,321 | - | -€16,321 | |
| Distributable reserves | 133 | €16,321 | - | -€16,321 | |
| Profit (loss) carried forward | 14 | €8,461 | €5,224 | -€3,237 | -38.3% |
| Amounts payable | 17/49 | €110,981 | €128,757 | +€17,776 | +16.0% |
| Amounts payable after more than one year | 17 | €17,226 | €9,088 | -€8,138 | -47.2% |
| Financial debts | 170/4 | €17,226 | €9,088 | -€8,138 | -47.2% |
| Amounts payable within one year | 42/48 | €93,401 | €119,654 | +€26,253 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €7,903 | €8,138 | +€235 | +3.0% |
| Trade debts | 44 | €3,332 | €1,436 | -€1,896 | -56.9% |
| Suppliers | 440/4 | €3,332 | €1,436 | -€1,896 | -56.9% |
| Taxes, remuneration and social security | 45 | €23,343 | €16,148 | -€7,195 | -30.8% |
| Taxes | 450/3 | €20,808 | €16,148 | -€4,659 | -22.4% |
| Remuneration and social security | 454/9 | €2,535 | - | -€2,535 | |
| Other amounts payable | 47/48 | €58,824 | €93,932 | +€35,109 | +59.7% |
| Accrued charges and deferred income | 492/3 | €354 | €15 | -€339 | -95.8% |
| Remuneration, social security and pensions | 62 | €1,658 | €1,658 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,512 | €10,822 | +€310 | +2.9% |
| Other operating charges | 640/8 | €699 | €737 | +€38 | +5.4% |
| Gross operating margin | 9900 | €105,443 | €129,217 | +€23,774 | +22.5% |
| Operating profit (loss) | 9901 | €92,573 | €115,999 | +€23,427 | +25.3% |
| Financial income | 75/76B | €543 | - | -€543 | |
| Recurring financial income | 75 | €543 | - | -€543 | |
| Financial charges | 65/66B | €1,104 | €1,095 | -€9 | -0.8% |
| Recurring financial charges | 65 | €1,104 | €1,095 | -€9 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €92,012 | €114,904 | +€22,892 | +24.9% |
| Income taxes | 67/77 | €24,728 | €29,680 | +€4,953 | +20.0% |
| Profit (loss) for the period | 9904 | €67,284 | €85,224 | +€17,940 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,284 | €85,224 | +€17,940 | +26.7% |
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 25 October 2026 via checked.be.