PIEDOUX: 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.
PIEDOUX
Largest movements
- Cash +€13,848
up €13,848 (+110%), from €12,560 to €26,408
mainly Other debts (+€42,367) and Trade debts (+€4,243)
- Receivables within one year +€5,003
up €5,003 (+105%), from €4,766 to €9,769
of which Trade receivables: +€3,051
- Stocks and contracts -€2,507
down €2,507 (-13.7%), from €18,243 to €15,736
- Tangible fixed assets -€819
down €819 (-46.4%), from €1,764 to €945
of which Plant, machinery and equipment: -€432
- Other debts +€42,367
up €42,367 (+267%), from €15,850 to €58,217
- Profit (loss) carried forward -€28,337
down €28,337 (-19.1%), from -€148,238 to -€176,575
- Trade debts +€4,243
up €4,243 (+45.4%), from €9,352 to €13,595
- Tax, wage and social debts -€2,748
down €2,748 (-26.5%), from €10,369 to €7,621
of which Remuneration and social security: -€2,748
- Gross operating margin -€12,781
down €12,781 (-58.1%), from €22,010 to €9,229
- Financial charges -€1,742
down €1,742 (-46.6%), from €3,738 to €1,996
- Write-downs -€1,148
down €1,148 (-75.2%), from €1,527 to €379
- Staff costs -€744
down €744 (-2.2%), from €34,522 to €33,778
- Other operating charges +€432
up €432 (+186%), from €232 to €664
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 | €37,333 | €52,858 | +€15,525 | +41.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,764 | €945 | -€819 | -46.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,764 | €945 | -€819 | -46.4% |
| Plant, machinery and equipment | 23 | €1,234 | €802 | -€432 | -35.0% |
| Furniture and vehicles | 24 | €530 | €143 | -€387 | -73.0% |
| Current assets | 29/58 | €35,569 | €51,913 | +€16,344 | +46.0% |
| Stocks and contracts in progress | 3 | €18,243 | €15,736 | -€2,507 | -13.7% |
| Stocks | 30/36 | €18,243 | €15,736 | -€2,507 | -13.7% |
| Amounts receivable within one year | 40/41 | €4,766 | €9,769 | +€5,003 | +105% |
| Trade receivables | 40 | €4,572 | €7,623 | +€3,051 | +66.7% |
| Other amounts receivable | 41 | €194 | €2,146 | +€1,952 | +1,006% |
| Cash at bank and in hand | 54/58 | €12,560 | €26,408 | +€13,848 | +110% |
| Total equity and liabilities | 10/49 | €37,333 | €52,858 | +€15,525 | +41.6% |
| Equity | 10/15 | €1,762 | -€26,575 | -€28,337 | |
| Contributions | 10/11 | €135,244 | €135,244 | = | 0.0% |
| Reserves | 13 | €14,756 | €14,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,756 | €14,756 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,756 | €14,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,238 | -€176,575 | -€28,337 | -19.1% |
| Amounts payable | 17/49 | €35,571 | €79,433 | +€43,862 | +123% |
| Amounts payable within one year | 42/48 | €35,571 | €79,433 | +€43,862 | +123% |
| Trade debts | 44 | €9,352 | €13,595 | +€4,243 | +45.4% |
| Suppliers | 440/4 | €9,352 | €13,595 | +€4,243 | +45.4% |
| Taxes, remuneration and social security | 45 | €10,369 | €7,621 | -€2,748 | -26.5% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €10,369 | €7,621 | -€2,748 | -26.5% |
| Other amounts payable | 47/48 | €15,850 | €58,217 | +€42,367 | +267% |
| Remuneration, social security and pensions | 62 | €34,522 | €33,778 | -€744 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €819 | +€398 | +94.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,527 | €379 | -€1,148 | -75.2% |
| Other operating charges | 640/8 | €232 | €664 | +€432 | +186% |
| Gross operating margin | 9900 | €22,010 | €9,229 | -€12,781 | -58.1% |
| Operating profit (loss) | 9901 | -€14,692 | -€26,411 | -€11,719 | -79.8% |
| Financial income | 75/76B | €353 | €70 | -€283 | -80.2% |
| Recurring financial income | 75 | €353 | €70 | -€283 | -80.2% |
| Financial charges | 65/66B | €3,738 | €1,996 | -€1,742 | -46.6% |
| Recurring financial charges | 65 | €3,738 | €1,996 | -€1,742 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | -€18,077 | -€28,337 | -€10,260 | -56.8% |
| Profit (loss) for the period | 9904 | -€18,077 | -€28,337 | -€10,260 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,077 | -€28,337 | -€10,260 | -56.8% |
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 15 October 2026 via checked.be.