PICCIRELLI DC: 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.
PICCIRELLI DC
Largest movements
- Receivables within one year +€14,577
up €14,577 (+225%), from €6,479 to €21,056
of which Trade receivables: +€14,307
- Cash -€8,203
down €8,203 (-9.1%), from €89,683 to €81,481
mainly Receivables within one year (-€14,577) and Tax, wage and social debts (-€10,445)
- Tangible fixed assets -€4,429
down €4,429 (-23.7%), from €18,680 to €14,251
of which Furniture and vehicles: -€4,173
- Profit (loss) carried forward +€26,578
up €26,578 (+92.8%), from €28,639 to €55,216
- Tax, wage and social debts -€10,445
no longer reported in 2025 (was €10,445)
- Other debts -€9,150
down €9,150 (-91.1%), from €10,043 to €893
- Debts after one year -€2,468
no longer reported in 2025 (was €2,468)
- Current portion of long-term debt -€2,379
down €2,379 (-32.4%), from €7,346 to €4,968
- Gross operating margin -€3,044
down €3,044 (-6.3%), from €48,341 to €45,297
- Taxes -€715
down €715 (-6.8%), from €10,445 to €9,730
- Financial charges -€582
down €582 (-57.0%), from €1,022 to €440
- Depreciation +€560
up €560 (+7.7%), from €7,237 to €7,797
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 | €115,203 | €117,115 | +€1,912 | +1.7% |
| Fixed assets | 21/28 | €18,680 | €14,251 | -€4,429 | -23.7% |
| Tangible fixed assets | 22/27 | €18,680 | €14,251 | -€4,429 | -23.7% |
| Plant, machinery and equipment | 23 | €593 | €336 | -€257 | -43.3% |
| Furniture and vehicles | 24 | €18,088 | €13,915 | -€4,173 | -23.1% |
| Current assets | 29/58 | €96,523 | €102,864 | +€6,341 | +6.6% |
| Amounts receivable within one year | 40/41 | €6,479 | €21,056 | +€14,577 | +225% |
| Trade receivables | 40 | €6,479 | €20,786 | +€14,307 | +221% |
| Other amounts receivable | 41 | - | €270 | +€270 | |
| Cash at bank and in hand | 54/58 | €89,683 | €81,481 | -€8,203 | -9.1% |
| Deferred charges and accrued income | 490/1 | €360 | €327 | -€33 | -9.2% |
| Total equity and liabilities | 10/49 | €115,203 | €117,115 | +€1,912 | +1.7% |
| Equity | 10/15 | €84,677 | €111,255 | +€26,578 | +31.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €55,938 | €55,938 | = | 0.0% |
| Distributable reserves | 133 | €55,938 | €55,938 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,639 | €55,216 | +€26,578 | +92.8% |
| Amounts payable | 17/49 | €30,527 | €5,860 | -€24,666 | -80.8% |
| Amounts payable after more than one year | 17 | €2,468 | - | -€2,468 | |
| Financial debts | 170/4 | €2,468 | - | -€2,468 | |
| Amounts payable within one year | 42/48 | €27,838 | €5,860 | -€21,977 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €7,346 | €4,968 | -€2,379 | -32.4% |
| Trade debts | 44 | €3 | - | -€3 | |
| Suppliers | 440/4 | €3 | - | -€3 | |
| Taxes, remuneration and social security | 45 | €10,445 | - | -€10,445 | |
| Taxes | 450/3 | €10,445 | - | -€10,445 | |
| Other amounts payable | 47/48 | €10,043 | €893 | -€9,150 | -91.1% |
| Accrued charges and deferred income | 492/3 | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,237 | €7,797 | +€560 | +7.7% |
| Other operating charges | 640/8 | €998 | €752 | -€246 | -24.7% |
| Gross operating margin | 9900 | €48,341 | €45,297 | -€3,044 | -6.3% |
| Operating profit (loss) | 9901 | €40,106 | €36,748 | -€3,358 | -8.4% |
| Financial charges | 65/66B | €1,022 | €440 | -€582 | -57.0% |
| Recurring financial charges | 65 | €1,022 | €440 | -€582 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €39,084 | €36,308 | -€2,776 | -7.1% |
| Income taxes | 67/77 | €10,445 | €9,730 | -€715 | -6.8% |
| Profit (loss) for the period | 9904 | €28,639 | €26,578 | -€2,061 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,639 | €26,578 | -€2,061 | -7.2% |
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 17 October 2026 via checked.be.