PIAS GROUP: 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.
What changed
PIAS GROUP
NACE 90.393, Specialised image, lighting and sound technical services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€1.4m
2023 · €373,063-€1.8m
Equity
€1.9m
2023 · €3.3m-€1.4m
Cash
€11,701
2023 · €16,025-€4,324
Balance sheet total
€42.6m
2023 · €42.4m+€157,859
Largest movements
Assets
- Financial fixed assets +€1.5m
up €1.5m (+4.6%), from €33.1m to €34.6m
of which Affiliated companies: +€1.5m
- Receivables within one year -€1.4m
down €1.4m (-14.6%), from €9.3m to €8.0m
of which Other amounts receivable: -€1.6m
Equity and liabilities
- Profit (loss) carried forward -€1.4m
down €1.4m (-14.3%), from -€9.7m to -€11.0m
- Debts after one year +€1.2m
up €1.2m (+3.1%), from €38.9m to €40.1m
Income statement
- Financial charges +€1.9m
up €1.9m (+152%), from €1.3m to €3.2m
of which Non-recurring financial charges: +€1.9m
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.
Result 2023
€373,063
Other operating charges
+€34,179
Other operating items
-€16,972
Financial income
+€166,672
Financial charges
-€1.9m
Result 2024
-€1.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€297,009
Investment
-€1.5m
Financing
+€1.2m
Cash 2023
€16,025
From operations (derived)
+€297,009
Net result for the year
-€1.4m
Receivables within one year
+€1.4m
Trade debts
+€121,621
Other debts
+€200,000
Investment (derived)
-€1.5m
Investment in fixed assets (net)
-€1.5m
Financing
+€1.2m
Debts after one year
+€1.2m
Cash 2024
€11,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,422,429 | €42,580,288 | +€157,859 | +0.4% |
| Fixed assets | 21/28 | €33,086,596 | €34,608,084 | +€1.5m | +4.6% |
| Financial fixed assets | 28 | €33,086,596 | €34,608,084 | +€1.5m | +4.6% |
| Affiliated companies | 280/1 | €33,036,251 | €34,557,739 | +€1.5m | +4.6% |
| Participating interests | 280 | €8,903,886 | €8,903,886 | = | 0.0% |
| Amounts receivable | 281 | €24,132,364 | €25,653,853 | +€1.5m | +6.3% |
| Other financial fixed assets | 284/8 | €50,345 | €50,345 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50,345 | €50,345 | = | 0.0% |
| Current assets | 29/58 | €9,335,833 | €7,972,204 | -€1.4m | -14.6% |
| Amounts receivable within one year | 40/41 | €9,319,808 | €7,960,502 | -€1.4m | -14.6% |
| Trade receivables | 40 | €1,417,235 | €1,672,107 | +€254,872 | +18.0% |
| Other amounts receivable | 41 | €7,902,573 | €6,288,395 | -€1.6m | -20.4% |
| Cash at bank and in hand | 54/58 | €16,025 | €11,701 | -€4,324 | -27.0% |
| Total equity and liabilities | 10/49 | €42,422,429 | €42,580,288 | +€157,859 | +0.4% |
| Equity | 10/15 | €3,268,012 | €1,884,095 | -€1.4m | -42.3% |
| Contributions | 10/11 | €11,582,550 | €11,582,550 | = | 0.0% |
| Reserves | 13 | €1,345,057 | €1,345,057 | = | 0.0% |
| Distributable reserves | 133 | €1,345,057 | €1,345,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,659,594 | -€11,043,512 | -€1.4m | -14.3% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | 0.0% |
| Other liabilities and charges | 164/5 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €39,154,417 | €40,696,194 | +€1.5m | +3.9% |
| Amounts payable after more than one year | 17 | €38,852,282 | €40,072,438 | +€1.2m | +3.1% |
| Other amounts payable | 178/9 | €38,852,282 | €40,072,438 | +€1.2m | +3.1% |
| Amounts payable within one year | 42/48 | €302,135 | €623,756 | +€321,621 | +106% |
| Trade debts | 44 | €47,875 | €169,496 | +€121,621 | +254% |
| Suppliers | 440/4 | €47,875 | €169,496 | +€121,621 | +254% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | 0.0% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Other amounts payable | 47/48 | €254,260 | €454,260 | +€200,000 | +78.7% |
| Operating income | 70/76A | €277,920 | €261,600 | -€16,320 | -5.9% |
| Other operating income | 74 | €277,920 | €261,600 | -€16,320 | -5.9% |
| Operating charges | 60/66A | €312,194 | €278,666 | -€33,527 | -10.7% |
| Services and other goods | 61 | €202,299 | €202,951 | +€652 | +0.3% |
| Other operating charges | 640/8 | €109,895 | €75,715 | -€34,179 | -31.1% |
| Operating profit (loss) | 9901 | -€34,274 | -€17,066 | +€17,208 | +50.2% |
| Financial income | 75/76B | €1,687,349 | €1,854,021 | +€166,672 | +9.9% |
| Recurring financial income | 75 | €1,687,349 | €1,854,021 | +€166,672 | +9.9% |
| Income from financial fixed assets | 750 | €12,000 | - | -€12,000 | |
| Income from current assets | 751 | €1,607,510 | €1,694,069 | +€86,559 | +5.4% |
| Other financial income | 752/9 | €67,839 | €159,953 | +€92,114 | +136% |
| Financial charges | 65/66B | €1,280,013 | €3,220,873 | +€1.9m | +152% |
| Recurring financial charges | 65 | €1,180,482 | €1,220,873 | +€40,391 | +3.4% |
| Debt charges | 650 | €1,179,813 | €1,220,156 | +€40,343 | +3.4% |
| Other financial charges | 652/9 | €670 | €717 | +€48 | +7.1% |
| Non-recurring financial charges | 66B | €99,530 | €2,000,000 | +€1.9m | +1,909% |
| Profit (loss) for the period before taxes | 9903 | €373,063 | -€1,383,918 | -€1.8m | |
| Profit (loss) for the period | 9904 | €373,063 | -€1,383,918 | -€1.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €373,063 | -€1,383,918 | -€1.8m |
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 21 October 2026 via checked.be.