PIAU: 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.
PIAU
Largest movements
- Cash -€21,296
down €21,296 (-62.9%), from €33,832 to €12,535
mainly Debts after one year (-€43,435) and Investment in fixed assets (net) (-€11,251)
- Tangible fixed assets +€5,368
up €5,368 (+30.4%), from €17,632 to €23,000
of which Furniture and vehicles: +€8,084
- Deferred charges and accrued income +€4,360
up €4,360 (+96.3%), from €4,526 to €8,885
- Receivables within one year -€2,119
down €2,119 (-1.4%), from €149,327 to €147,208
of which Other amounts receivable: -€19,162
- Debts after one year -€43,435
down €43,435 (-43.0%), from €100,960 to €57,524
of which Other amounts payable: -€33,435
- Trade debts +€25,534
up €25,534 (+174%), from €14,709 to €40,243
- Provisions -€7,500
down €7,500 (-37.9%), from €19,800 to €12,300
- Advances received +€7,500
new in 2025: €7,500
- Profit (loss) carried forward +€5,426
up €5,426 (+364%), from €1,492 to €6,918
- Gross operating margin -€30,152
down €30,152 (-28.0%), from €107,668 to €77,516
- Provisions -€27,300
down €27,300, from €19,800 to -€7,500
- Write-downs +€19,500
up €19,500, from -€5,000 to €14,500
- Other operating charges -€11,522
down €11,522 (-71.3%), from €16,158 to €4,636
- Staff costs +€9,571
up €9,571 (+23.4%), from €40,870 to €50,440
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 | €207,267 | €193,579 | -€13,688 | -6.6% |
| Fixed assets | 21/28 | €17,995 | €23,363 | +€5,368 | +29.8% |
| Tangible fixed assets | 22/27 | €17,632 | €23,000 | +€5,368 | +30.4% |
| Plant, machinery and equipment | 23 | €3,953 | €2,632 | -€1,321 | -33.4% |
| Furniture and vehicles | 24 | €3,310 | €11,394 | +€8,084 | +244% |
| Other tangible fixed assets | 26 | €10,369 | €8,974 | -€1,395 | -13.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €189,272 | €170,216 | -€19,056 | -10.1% |
| Stocks and contracts in progress | 3 | €1,588 | €1,588 | = | 0.0% |
| Stocks | 30/36 | €1,588 | €1,588 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €149,327 | €147,208 | -€2,119 | -1.4% |
| Trade receivables | 40 | €125,542 | €142,585 | +€17,043 | +13.6% |
| Other amounts receivable | 41 | €23,785 | €4,623 | -€19,162 | -80.6% |
| Cash at bank and in hand | 54/58 | €33,832 | €12,535 | -€21,296 | -62.9% |
| Deferred charges and accrued income | 490/1 | €4,526 | €8,885 | +€4,360 | +96.3% |
| Total equity and liabilities | 10/49 | €207,267 | €193,579 | -€13,688 | -6.6% |
| Equity | 10/15 | €21,952 | €27,378 | +€5,426 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,492 | €6,918 | +€5,426 | +364% |
| Provisions and deferred taxes | 16 | €19,800 | €12,300 | -€7,500 | -37.9% |
| Provisions for liabilities and charges | 160/5 | €19,800 | €12,300 | -€7,500 | -37.9% |
| Other liabilities and charges | 164/5 | €19,800 | €12,300 | -€7,500 | -37.9% |
| Amounts payable | 17/49 | €165,515 | €153,902 | -€11,614 | -7.0% |
| Amounts payable after more than one year | 17 | €100,960 | €57,524 | -€43,435 | -43.0% |
| Financial debts | 170/4 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts payable | 178/9 | €90,960 | €57,524 | -€33,435 | -36.8% |
| Amounts payable within one year | 42/48 | €64,556 | €96,374 | +€31,819 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €25,000 | -€5,000 | -16.7% |
| Trade debts | 44 | €14,709 | €40,243 | +€25,534 | +174% |
| Suppliers | 440/4 | €14,709 | €40,243 | +€25,534 | +174% |
| Advances received on contracts in progress | 46 | - | €7,500 | +€7,500 | |
| Taxes, remuneration and social security | 45 | €18,587 | €22,371 | +€3,785 | +20.4% |
| Taxes | 450/3 | €8,927 | €12,783 | +€3,856 | +43.2% |
| Remuneration and social security | 454/9 | €9,659 | €9,588 | -€71 | -0.7% |
| Other amounts payable | 47/48 | €1,260 | €1,260 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €3 | +€3 | |
| Non-recurring operating income | 76A | €0 | €196 | +€196 | |
| Remuneration, social security and pensions | 62 | €40,870 | €50,440 | +€9,571 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,691 | €5,883 | +€1,192 | +25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,000 | €14,500 | +€19,500 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €19,800 | -€7,500 | -€27,300 | |
| Other operating charges | 640/8 | €16,158 | €4,636 | -€11,522 | -71.3% |
| Non-recurring operating charges | 66A | €40 | €0 | -€40 | -100% |
| Gross operating margin | 9900 | €107,668 | €77,516 | -€30,152 | -28.0% |
| Operating profit (loss) | 9901 | €31,110 | €9,556 | -€21,554 | -69.3% |
| Financial income | 75/76B | €20 | €33 | +€13 | +65.2% |
| Recurring financial income | 75 | €20 | €33 | +€13 | +65.2% |
| Financial charges | 65/66B | €2,593 | €2,538 | -€55 | -2.1% |
| Recurring financial charges | 65 | €2,593 | €2,538 | -€55 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €28,536 | €7,050 | -€21,486 | -75.3% |
| Income taxes | 67/77 | €6,134 | €1,624 | -€4,510 | -73.5% |
| Profit (loss) for the period | 9904 | €22,402 | €5,426 | -€16,976 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,402 | €5,426 | -€16,976 | -75.8% |
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 19 October 2026 via checked.be.