PIANZO: 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.
PIANZO
Largest movements
- Tangible fixed assets +€59,578
up €59,578 (+12.5%), from €475,927 to €535,505
of which Furniture and vehicles: +€83,406
- Receivables within one year +€15,156
up €15,156 (+16.8%), from €90,094 to €105,249
of which Other amounts receivable: +€15,988
- Other debts +€106,226
up €106,226 (+18.6%), from €571,655 to €677,881
- Profit (loss) carried forward -€28,947
down €28,947 (-306.8%), from -€9,436 to -€38,383
- Gross operating margin -€21,058
down €21,058 (-57.0%), from €36,955 to €15,896
- Depreciation +€7,651
up €7,651 (+23.1%), from €33,125 to €40,776
- Other operating charges +€807
up €807 (+27.2%), from €2,966 to €3,773
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €566,588 | €641,842 | +€75,254 | +13.3% |
| Fixed assets | 21/28 | €475,927 | €535,505 | +€59,578 | +12.5% |
| Tangible fixed assets | 22/27 | €475,927 | €535,505 | +€59,578 | +12.5% |
| Land and buildings | 22 | €420,101 | €396,273 | -€23,828 | -5.7% |
| Furniture and vehicles | 24 | €55,826 | €139,232 | +€83,406 | +149.4% |
| Current assets | 29/58 | €90,661 | €106,337 | +€15,676 | +17.3% |
| Amounts receivable within one year | 40/41 | €90,094 | €105,249 | +€15,156 | +16.8% |
| Trade receivables | 40 | €18,072 | €17,240 | -€832 | -4.6% |
| Other amounts receivable | 41 | €72,022 | €88,009 | +€15,988 | +22.2% |
| Cash at bank and in hand | 54/58 | €567 | €923 | +€356 | +62.8% |
| Deferred charges and accrued income | 490/1 | - | €164 | +€164 | |
| Total equity and liabilities | 10/49 | €566,588 | €641,842 | +€75,254 | +13.3% |
| Equity | 10/15 | -€7,436 | -€36,383 | -€28,947 | -389.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,436 | -€38,383 | -€28,947 | -306.8% |
| Amounts payable | 17/49 | €574,023 | €678,225 | +€104,201 | +18.2% |
| Amounts payable within one year | 42/48 | €574,023 | €678,225 | +€104,201 | +18.2% |
| Trade debts | 44 | €369 | €343 | -€26 | -7.1% |
| Suppliers | 440/4 | €369 | €343 | -€26 | -7.1% |
| Taxes, remuneration and social security | 45 | €1,999 | - | -€1,999 | |
| Taxes | 450/3 | €1,999 | - | -€1,999 | |
| Other amounts payable | 47/48 | €571,655 | €677,881 | +€106,226 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,125 | €40,776 | +€7,651 | +23.1% |
| Other operating charges | 640/8 | €2,966 | €3,773 | +€807 | +27.2% |
| Gross operating margin | 9900 | €36,955 | €15,896 | -€21,058 | -57.0% |
| Operating profit (loss) | 9901 | €863 | -€28,653 | -€29,516 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €206 | €76 | -€130 | -63.0% |
| Recurring financial charges | 65 | €206 | €76 | -€130 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €657 | -€28,729 | -€29,386 | |
| Income taxes | 67/77 | €188 | €218 | +€31 | +16.3% |
| Profit (loss) for the period | 9904 | €469 | -€28,947 | -€29,417 | |
| Profit (loss) for the period to be appropriated | 9905 | €469 | -€28,947 | -€29,417 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.