PIAZZA GRANDE: 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.
PIAZZA GRANDE
Largest movements
- Receivables within one year +€65,188
up €65,188 (+772%), from €8,441 to €73,629
of which Trade receivables: +€37,303
- Cash -€49,380
down €49,380 (-32.1%), from €153,664 to €104,284
mainly Other debts (-€72,265) and Receivables within one year (-€65,188)
- Tangible fixed assets -€32,211
down €32,211 (-17.8%), from €180,873 to €148,662
of which Furniture and vehicles: -€22,051
- Other debts -€72,265
down €72,265 (-56.2%), from €128,618 to €56,353
- Trade debts +€64,462
up €64,462 (+253%), from €25,478 to €89,940
- Tax, wage and social debts -€24,888
down €24,888 (-46.3%), from €53,716 to €28,827
of which Taxes: -€17,911
- Profit (loss) carried forward +€19,746
up €19,746 (+20.9%), from €94,396 to €114,143
- Debts after one year -€5,100
down €5,100 (-11.5%), from €44,238 to €39,138
- Staff costs -€103,648
down €103,648 (-44.6%), from €232,179 to €128,531
- Gross operating margin -€72,896
down €72,896 (-21.4%), from €340,871 to €267,974
- Financial charges +€5,586
up €5,586 (+50.1%), from €11,157 to €16,742
- Taxes -€4,831
down €4,831 (-43.7%), from €11,064 to €6,233
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 | €354,257 | €336,439 | -€17,819 | -5.0% |
| Fixed assets | 21/28 | €180,873 | €148,662 | -€32,211 | -17.8% |
| Tangible fixed assets | 22/27 | €180,873 | €148,662 | -€32,211 | -17.8% |
| Plant, machinery and equipment | 23 | €25,304 | €19,093 | -€6,211 | -24.5% |
| Furniture and vehicles | 24 | €75,246 | €53,195 | -€22,051 | -29.3% |
| Other tangible fixed assets | 26 | €80,323 | €76,374 | -€3,949 | -4.9% |
| Current assets | 29/58 | €173,384 | €187,776 | +€14,392 | +8.3% |
| Stocks and contracts in progress | 3 | €6,500 | €5,811 | -€689 | -10.6% |
| Stocks | 30/36 | €6,500 | €5,811 | -€689 | -10.6% |
| Amounts receivable within one year | 40/41 | €8,441 | €73,629 | +€65,188 | +772% |
| Trade receivables | 40 | €2,256 | €39,558 | +€37,303 | +1,654% |
| Other amounts receivable | 41 | €6,185 | €34,071 | +€27,886 | +451% |
| Cash at bank and in hand | 54/58 | €153,664 | €104,284 | -€49,380 | -32.1% |
| Deferred charges and accrued income | 490/1 | €4,780 | €4,053 | -€727 | -15.2% |
| Total equity and liabilities | 10/49 | €354,257 | €336,439 | -€17,819 | -5.0% |
| Equity | 10/15 | €97,396 | €117,143 | +€19,746 | +20.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,396 | €114,143 | +€19,746 | +20.9% |
| Amounts payable | 17/49 | €256,861 | €219,296 | -€37,565 | -14.6% |
| Amounts payable after more than one year | 17 | €44,238 | €39,138 | -€5,100 | -11.5% |
| Financial debts | 170/4 | €44,238 | €39,138 | -€5,100 | -11.5% |
| Amounts payable within one year | 42/48 | €212,623 | €180,158 | -€32,465 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €4,811 | €5,000 | +€189 | +3.9% |
| Trade debts | 44 | €25,478 | €89,940 | +€64,462 | +253% |
| Suppliers | 440/4 | €25,478 | €89,940 | +€64,462 | +253% |
| Advances received on contracts in progress | 46 | - | €38 | +€38 | |
| Taxes, remuneration and social security | 45 | €53,716 | €28,827 | -€24,888 | -46.3% |
| Taxes | 450/3 | €36,301 | €18,391 | -€17,911 | -49.3% |
| Remuneration and social security | 454/9 | €17,414 | €10,437 | -€6,978 | -40.1% |
| Other amounts payable | 47/48 | €128,618 | €56,353 | -€72,265 | -56.2% |
| Remuneration, social security and pensions | 62 | €232,179 | €128,531 | -€103,648 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,573 | €44,426 | +€2,853 | +6.9% |
| Other operating charges | 640/8 | €1,639 | €2,406 | +€767 | +46.8% |
| Gross operating margin | 9900 | €340,871 | €267,974 | -€72,896 | -21.4% |
| Operating profit (loss) | 9901 | €65,480 | €92,612 | +€27,132 | +41.4% |
| Financial income | 75/76B | €0 | €110 | +€110 | +157,200% |
| Recurring financial income | 75 | €0 | €110 | +€110 | +157,200% |
| Financial charges | 65/66B | €11,157 | €16,742 | +€5,586 | +50.1% |
| Recurring financial charges | 65 | €11,157 | €16,742 | +€5,586 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €54,323 | €75,979 | +€21,656 | +39.9% |
| Income taxes | 67/77 | €11,064 | €6,233 | -€4,831 | -43.7% |
| Profit (loss) for the period | 9904 | €43,259 | €69,746 | +€26,487 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,259 | €69,746 | +€26,487 | +61.2% |
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.