PIATT: 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.
PIATT
Largest movements
- Cash +€65,210
up €65,210 (+589.7%), from €11,058 to €76,267
mainly Net result for the year (+€66,917) and Depreciation (+€10,439)
- Tangible fixed assets -€10,439
down €10,439 (-23.7%), from €43,994 to €33,555
- Reserves +€66,917
up €66,917 (+174.4%), from €38,362 to €105,279
- Tax, wage and social debts -€9,818
down €9,818 (-60.8%), from €16,135 to €6,317
- Other debts -€1,769
down €1,769 (-59.5%), from €2,972 to €1,203
- Gross operating margin +€39,090
up €39,090 (+70.2%), from €55,714 to €94,804
- Taxes +€7,298
up €7,298 (+74.5%), from €9,793 to €17,092
- Depreciation +€3,105
up €3,105 (+42.3%), from €7,333 to €10,439
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 | €64,671 | €120,023 | +€55,351 | +85.6% |
| Fixed assets | 21/28 | €43,994 | €33,555 | -€10,439 | -23.7% |
| Tangible fixed assets | 22/27 | €43,994 | €33,555 | -€10,439 | -23.7% |
| Furniture and vehicles | 24 | €43,994 | €33,555 | -€10,439 | -23.7% |
| Current assets | 29/58 | €20,677 | €86,468 | +€65,790 | +318.2% |
| Amounts receivable within one year | 40/41 | €9,486 | €10,064 | +€578 | +6.1% |
| Trade receivables | 40 | €9,486 | €9,656 | +€170 | +1.8% |
| Other amounts receivable | 41 | - | €408 | +€408 | |
| Cash at bank and in hand | 54/58 | €11,058 | €76,267 | +€65,210 | +589.7% |
| Deferred charges and accrued income | 490/1 | €133 | €136 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €64,671 | €120,023 | +€55,351 | +85.6% |
| Equity | 10/15 | €43,362 | €110,279 | +€66,917 | +154.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,362 | €105,279 | +€66,917 | +174.4% |
| Distributable reserves | 133 | €38,362 | €105,279 | +€66,917 | +174.4% |
| Amounts payable | 17/49 | €21,309 | €9,744 | -€11,565 | -54.3% |
| Amounts payable within one year | 42/48 | €19,713 | €7,731 | -€11,982 | -60.8% |
| Trade debts | 44 | €606 | €211 | -€395 | -65.2% |
| Suppliers | 440/4 | €606 | €211 | -€395 | -65.2% |
| Taxes, remuneration and social security | 45 | €16,135 | €6,317 | -€9,818 | -60.8% |
| Taxes | 450/3 | €16,135 | €6,317 | -€9,818 | -60.8% |
| Other amounts payable | 47/48 | €2,972 | €1,203 | -€1,769 | -59.5% |
| Accrued charges and deferred income | 492/3 | €1,596 | €2,012 | +€417 | +26.1% |
| Remuneration, social security and pensions | 62 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,333 | €10,439 | +€3,105 | +42.3% |
| Other operating charges | 640/8 | €118 | €163 | +€45 | +37.8% |
| Gross operating margin | 9900 | €55,714 | €94,804 | +€39,090 | +70.2% |
| Operating profit (loss) | 9901 | €48,232 | €84,202 | +€35,970 | +74.6% |
| Financial charges | 65/66B | €76 | €194 | +€117 | +153.5% |
| Recurring financial charges | 65 | €76 | €194 | +€117 | +153.5% |
| Profit (loss) for the period before taxes | 9903 | €48,156 | €84,009 | +€35,853 | +74.5% |
| Income taxes | 67/77 | €9,793 | €17,092 | +€7,298 | +74.5% |
| Profit (loss) for the period | 9904 | €38,362 | €66,917 | +€28,554 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,362 | €66,917 | +€28,554 | +74.4% |
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 9 October 2026 via checked.be.