Piedfort: 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.
Piedfort
Largest movements
- Tangible fixed assets -€19,081
down €19,081 (-9.6%), from €199,477 to €180,396
of which Land and buildings: -€10,886
- Cash +€12,843
up €12,843 (+376%), from €3,419 to €16,262
mainly Depreciation (+€19,873) and Trade debts (+€4,537)
- Debts after one year -€22,291
down €22,291 (-16.0%), from €139,419 to €117,128
- Trade debts +€4,537
up €4,537 (+155%), from €2,934 to €7,471
- Other debts +€4,295
up €4,295 (+21.6%), from €19,870 to €24,165
- Profit (loss) carried forward +€4,017
up €4,017 (+6.4%), from €62,427 to €66,444
- Gross operating margin +€5,902
up €5,902 (+28.9%), from €20,437 to €26,339
- Depreciation +€749
up €749 (+3.9%), from €19,124 to €19,873
- Financial income -€650
down €650 (-81.0%), from €802 to €152
- Financial charges -€454
down €454 (-14.9%), from €3,055 to €2,601
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 | €253,875 | €244,829 | -€9,046 | -3.6% |
| Fixed assets | 21/28 | €199,477 | €180,396 | -€19,081 | -9.6% |
| Tangible fixed assets | 22/27 | €199,477 | €180,396 | -€19,081 | -9.6% |
| Land and buildings | 22 | €166,139 | €155,253 | -€10,886 | -6.6% |
| Plant, machinery and equipment | 23 | €125 | €735 | +€610 | +488% |
| Furniture and vehicles | 24 | €33,213 | €24,408 | -€8,805 | -26.5% |
| Current assets | 29/58 | €54,398 | €64,433 | +€10,035 | +18.4% |
| Stocks and contracts in progress | 3 | €42,581 | €40,830 | -€1,751 | -4.1% |
| Stocks | 30/36 | €42,581 | €40,830 | -€1,751 | -4.1% |
| Amounts receivable within one year | 40/41 | €4,700 | €5,321 | +€621 | +13.2% |
| Trade receivables | 40 | €4,700 | €5,321 | +€621 | +13.2% |
| Cash at bank and in hand | 54/58 | €3,419 | €16,262 | +€12,843 | +376% |
| Deferred charges and accrued income | 490/1 | €3,698 | €2,020 | -€1,678 | -45.4% |
| Total equity and liabilities | 10/49 | €253,875 | €244,829 | -€9,046 | -3.6% |
| Equity | 10/15 | €69,757 | €73,774 | +€4,017 | +5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,130 | €1,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,130 | €1,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,130 | €1,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,427 | €66,444 | +€4,017 | +6.4% |
| Amounts payable | 17/49 | €184,118 | €171,055 | -€13,063 | -7.1% |
| Amounts payable after more than one year | 17 | €139,419 | €117,128 | -€22,291 | -16.0% |
| Financial debts | 170/4 | €139,419 | €117,128 | -€22,291 | -16.0% |
| Amounts payable within one year | 42/48 | €44,699 | €53,927 | +€9,228 | +20.6% |
| Current portion of amounts payable after more than one year | 42 | €21,895 | €22,291 | +€396 | +1.8% |
| Trade debts | 44 | €2,934 | €7,471 | +€4,537 | +155% |
| Suppliers | 440/4 | €2,934 | €7,471 | +€4,537 | +155% |
| Other amounts payable | 47/48 | €19,870 | €24,165 | +€4,295 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,124 | €19,873 | +€749 | +3.9% |
| Gross operating margin | 9900 | €20,437 | €26,339 | +€5,902 | +28.9% |
| Operating profit (loss) | 9901 | €1,313 | €6,466 | +€5,153 | +392% |
| Financial income | 75/76B | €802 | €152 | -€650 | -81.0% |
| Recurring financial income | 75 | €802 | €152 | -€650 | -81.0% |
| Financial charges | 65/66B | €3,055 | €2,601 | -€454 | -14.9% |
| Recurring financial charges | 65 | €3,055 | €2,601 | -€454 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€940 | €4,017 | +€4,957 | |
| Profit (loss) for the period | 9904 | -€940 | €4,017 | +€4,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€940 | €4,017 | +€4,957 |
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 23 October 2026 via checked.be.