piediplus: what changed
Two fiscal 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.
piediplus
Largest movements
- Tangible fixed assets -€23,843
down €23,843 (-22.4%), from €106,379 to €82,536
of which Land and buildings: -€18,654
- Cash -€9,731
down €9,731 (-8.6%), from €113,496 to €103,765
mainly Contributions, distributions and other (-€42,353) and Debts after one year (-€18,476)
- Receivables within one year +€2,398
new in 2025: €2,398
- Reserves -€34,869
down €34,869 (-48.9%), from €71,369 to €36,500
- Other debts +€25,572
up €25,572 (+96.5%), from €26,500 to €52,072
- Debts after one year -€18,476
down €18,476 (-21.9%), from €84,174 to €65,699
- Tax, wage and social debts -€3,513
down €3,513 (-66.6%), from €5,272 to €1,759
- Gross operating margin -€18,226
down €18,226 (-31.7%), from €57,517 to €39,292
- Taxes -€2,702
down €2,702 (-42.9%), from €6,304 to €3,602
- Depreciation -€1,474
down €1,474 (-5.8%), from €25,317 to €23,843
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.
Cash bridge derived
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 | €220,187 | €189,011 | -€31,176 | -14.2% |
| Fixed assets | 21/28 | €106,691 | €82,848 | -€23,843 | -22.3% |
| Tangible fixed assets | 22/27 | €106,379 | €82,536 | -€23,843 | -22.4% |
| Land and buildings | 22 | €92,598 | €73,944 | -€18,654 | -20.1% |
| Plant, machinery and equipment | 23 | €13,781 | €8,593 | -€5,189 | -37.7% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €113,496 | €106,162 | -€7,333 | -6.5% |
| Amounts receivable within one year | 40/41 | - | €2,398 | +€2,398 | |
| Other amounts receivable | 41 | - | €2,398 | +€2,398 | |
| Cash at bank and in hand | 54/58 | €113,496 | €103,765 | -€9,731 | -8.6% |
| Total equity and liabilities | 10/49 | €220,187 | €189,011 | -€31,176 | -14.2% |
| Equity | 10/15 | €83,769 | €48,900 | -€34,869 | -41.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €71,369 | €36,500 | -€34,869 | -48.9% |
| Distributable reserves | 133 | €71,369 | €36,500 | -€34,869 | -48.9% |
| Amounts payable | 17/49 | €136,418 | €140,111 | +€3,693 | +2.7% |
| Amounts payable after more than one year | 17 | €84,174 | €65,699 | -€18,476 | -21.9% |
| Financial debts | 170/4 | €84,174 | €65,699 | -€18,476 | -21.9% |
| Amounts payable within one year | 42/48 | €52,244 | €74,412 | +€22,168 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €20,051 | €20,231 | +€180 | +0.9% |
| Trade debts | 44 | €420 | €350 | -€70 | -16.7% |
| Suppliers | 440/4 | €420 | €350 | -€70 | -16.7% |
| Taxes, remuneration and social security | 45 | €5,272 | €1,759 | -€3,513 | -66.6% |
| Taxes | 450/3 | €5,272 | €1,759 | -€3,513 | -66.6% |
| Other amounts payable | 47/48 | €26,500 | €52,072 | +€25,572 | +96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,317 | €23,843 | -€1,474 | -5.8% |
| Other operating charges | 640/8 | €2,047 | €2,287 | +€240 | +11.7% |
| Gross operating margin | 9900 | €57,517 | €39,292 | -€18,226 | -31.7% |
| Operating profit (loss) | 9901 | €30,154 | €13,162 | -€16,992 | -56.4% |
| Financial charges | 65/66B | €2,551 | €2,076 | -€475 | -18.6% |
| Recurring financial charges | 65 | €2,551 | €2,076 | -€475 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €27,603 | €11,086 | -€16,517 | -59.8% |
| Income taxes | 67/77 | €6,304 | €3,602 | -€2,702 | -42.9% |
| Profit (loss) for the period | 9904 | €21,299 | €7,484 | -€13,815 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,299 | €7,484 | -€13,815 | -64.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.