PIECES ELECTRO: 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.
PIECES ELECTRO
Largest movements
- Stocks and contracts -€8,240
down €8,240 (-18.2%), from €45,195 to €36,955
- Intangible fixed assets -€3,350
down €3,350 (-92.1%), from €3,638 to €288
- Tangible fixed assets -€2,998
down €2,998 (-54.9%), from €5,457 to €2,459
of which Plant, machinery and equipment: -€1,932
- Cash -€1,871
down €1,871 (-30.1%), from €6,215 to €4,344
mainly Net result for the year (-€11,678) and Trade debts (-€2,070)
- Profit (loss) carried forward -€11,678
down €11,678 (-59.7%), from -€19,576 to -€31,254
- Trade debts -€2,070
down €2,070 (-35.9%), from €5,773 to €3,703
- Short-term financial debts -€2,000
no longer reported in 2024 (was €2,000)
- Tax, wage and social debts -€795
down €795 (-15.6%), from €5,098 to €4,304
of which Remuneration and social security: -€693
- Gross operating margin +€10,128
up €10,128 (+71.1%), from €14,250 to €24,378
- Staff costs +€1,867
up €1,867 (+6.7%), from €27,723 to €29,590
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,739 | €50,197 | -€16,542 | -24.8% |
| Fixed assets | 21/28 | €9,403 | €3,055 | -€6,348 | -67.5% |
| Intangible fixed assets | 21 | €3,638 | €288 | -€3,350 | -92.1% |
| Tangible fixed assets | 22/27 | €5,457 | €2,459 | -€2,998 | -54.9% |
| Land and buildings | 22 | €1,012 | €701 | -€311 | -30.8% |
| Plant, machinery and equipment | 23 | €3,053 | €1,121 | -€1,932 | -63.3% |
| Furniture and vehicles | 24 | €1,392 | €637 | -€755 | -54.2% |
| Financial fixed assets | 28 | €308 | €308 | = | 0.0% |
| Current assets | 29/58 | €57,336 | €47,142 | -€10,194 | -17.8% |
| Stocks and contracts in progress | 3 | €45,195 | €36,955 | -€8,240 | -18.2% |
| Stocks | 30/36 | €45,195 | €36,955 | -€8,240 | -18.2% |
| Amounts receivable within one year | 40/41 | €5,095 | €5,225 | +€131 | +2.6% |
| Trade receivables | 40 | €5,095 | €5,225 | +€131 | +2.6% |
| Cash at bank and in hand | 54/58 | €6,215 | €4,344 | -€1,871 | -30.1% |
| Deferred charges and accrued income | 490/1 | €831 | €618 | -€213 | -25.7% |
| Total equity and liabilities | 10/49 | €66,739 | €50,197 | -€16,542 | -24.8% |
| Equity | 10/15 | -€817 | -€12,495 | -€11,678 | -1,429% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €159 | €159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €159 | €159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €159 | €159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,576 | -€31,254 | -€11,678 | -59.7% |
| Amounts payable | 17/49 | €67,556 | €62,692 | -€4,864 | -7.2% |
| Amounts payable within one year | 42/48 | €67,556 | €62,692 | -€4,864 | -7.2% |
| Financial debts | 43 | €2,000 | - | -€2,000 | |
| Credit institutions | 430/8 | €2,000 | - | -€2,000 | |
| Trade debts | 44 | €5,773 | €3,703 | -€2,070 | -35.9% |
| Suppliers | 440/4 | €5,773 | €3,703 | -€2,070 | -35.9% |
| Advances received on contracts in progress | 46 | €2,930 | €2,930 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,098 | €4,304 | -€795 | -15.6% |
| Taxes | 450/3 | €1,411 | €1,309 | -€101 | -7.2% |
| Remuneration and social security | 454/9 | €3,688 | €2,995 | -€693 | -18.8% |
| Other amounts payable | 47/48 | €51,755 | €51,755 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,723 | €29,590 | +€1,867 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €6,348 | -€121 | -1.9% |
| Gross operating margin | 9900 | €14,250 | €24,378 | +€10,128 | +71.1% |
| Operating profit (loss) | 9901 | -€19,942 | -€11,560 | +€8,382 | +42.0% |
| Financial income | 75/76B | €91 | €247 | +€156 | +171% |
| Recurring financial income | 75 | €91 | €247 | +€156 | +171% |
| Financial charges | 65/66B | €217 | €364 | +€147 | +67.9% |
| Recurring financial charges | 65 | €217 | €364 | +€147 | +67.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,068 | -€11,678 | +€8,390 | +41.8% |
| Profit (loss) for the period | 9904 | -€20,068 | -€11,678 | +€8,390 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,068 | -€11,678 | +€8,390 | +41.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.