PIASTRELLA: 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.
PIASTRELLA
Largest movements
- Receivables within one year +€97,027
up €97,027 (+115%), from €84,494 to €181,521
of which Trade receivables: +€97,839
- Tangible fixed assets +€37,548
up €37,548 (+22.8%), from €164,700 to €202,248
of which Furniture and vehicles: +€91,889
- Cash +€17,381
up €17,381 (+59.5%), from €29,211 to €46,592
mainly Trade debts (+€118,109) and Other debts (+€41,183)
- Trade debts +€118,109
up €118,109 (+397%), from €29,783 to €147,893
of which Suppliers: +€76,175
- Other debts +€41,183
up €41,183 (+72.9%), from €56,461 to €97,644
- Profit (loss) carried forward +€23,758
up €23,758 (+92.4%), from €25,725 to €49,483
- Debts after one year -€16,248
down €16,248 (-52.7%), from €30,817 to €14,569
- Current portion of long-term debt -€15,346
down €15,346 (-48.6%), from €31,594 to €16,248
- Gross operating margin +€32,293
up €32,293 (+44.3%), from €72,863 to €105,156
- Staff costs +€12,493
new in 2025: €12,493
- Depreciation -€6,353
down €6,353 (-15.2%), from €41,839 to €35,486
- Taxes +€1,353
up €1,353 (+24.7%), from €5,479 to €6,832
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 | €278,405 | €433,682 | +€155,277 | +55.8% |
| Fixed assets | 21/28 | €164,700 | €202,248 | +€37,548 | +22.8% |
| Tangible fixed assets | 22/27 | €164,700 | €202,248 | +€37,548 | +22.8% |
| Plant, machinery and equipment | 23 | €101,432 | €47,091 | -€54,341 | -53.6% |
| Furniture and vehicles | 24 | €63,269 | €155,158 | +€91,889 | +145% |
| Current assets | 29/58 | €113,705 | €231,434 | +€117,729 | +104% |
| Amounts receivable within one year | 40/41 | €84,494 | €181,521 | +€97,027 | +115% |
| Trade receivables | 40 | €42,524 | €140,362 | +€97,839 | +230% |
| Other amounts receivable | 41 | €41,970 | €41,159 | -€811 | -1.9% |
| Cash at bank and in hand | 54/58 | €29,211 | €46,592 | +€17,381 | +59.5% |
| Deferred charges and accrued income | 490/1 | - | €3,321 | +€3,321 | |
| Total equity and liabilities | 10/49 | €278,405 | €433,682 | +€155,277 | +55.8% |
| Equity | 10/15 | €125,725 | €149,483 | +€23,758 | +18.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,000 | €80,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,725 | €49,483 | +€23,758 | +92.4% |
| Amounts payable | 17/49 | €152,680 | €284,199 | +€131,519 | +86.1% |
| Amounts payable after more than one year | 17 | €30,817 | €14,569 | -€16,248 | -52.7% |
| Financial debts | 170/4 | €30,817 | €14,569 | -€16,248 | -52.7% |
| Amounts payable within one year | 42/48 | €121,863 | €269,630 | +€147,767 | +121% |
| Current portion of amounts payable after more than one year | 42 | €31,594 | €16,248 | -€15,346 | -48.6% |
| Trade debts | 44 | €29,783 | €147,893 | +€118,109 | +397% |
| Suppliers | 440/4 | €29,783 | €105,958 | +€76,175 | +256% |
| Bills of exchange payable | 441 | - | €41,934 | +€41,934 | |
| Taxes, remuneration and social security | 45 | €4,024 | €7,845 | +€3,821 | +95.0% |
| Taxes | 450/3 | €870 | €7,845 | +€6,976 | +802% |
| Remuneration and social security | 454/9 | €3,154 | - | -€3,154 | |
| Other amounts payable | 47/48 | €56,461 | €97,644 | +€41,183 | +72.9% |
| Remuneration, social security and pensions | 62 | - | €12,493 | +€12,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,839 | €35,486 | -€6,353 | -15.2% |
| Other operating charges | 640/8 | €1,171 | €1,256 | +€86 | +7.3% |
| Non-recurring operating charges | 66A | - | €21,666 | +€21,666 | |
| Gross operating margin | 9900 | €72,863 | €105,156 | +€32,293 | +44.3% |
| Operating profit (loss) | 9901 | €29,853 | €34,255 | +€4,402 | +14.7% |
| Financial income | 75/76B | €685 | €60 | -€626 | -91.3% |
| Recurring financial income | 75 | €685 | €60 | -€626 | -91.3% |
| Financial charges | 65/66B | €3,143 | €2,892 | -€251 | -8.0% |
| Recurring financial charges | 65 | €3,143 | €2,892 | -€251 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €27,395 | €31,422 | +€4,027 | +14.7% |
| Income taxes | 67/77 | €5,479 | €6,832 | +€1,353 | +24.7% |
| Profit (loss) for the period | 9904 | €21,916 | €24,591 | +€2,675 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,916 | €24,591 | +€2,675 | +12.2% |
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 15 October 2026 via checked.be.