PIESSENS HOLDING: 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.
What changed
PIESSENS HOLDING
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€864
2024 · €17,038-€16,175
Equity
€1.5m
2024 · €1.5m+€864
Cash
€705
2024 · €3,942-€3,237
Balance sheet total
€1.5m
2024 · €1.5m-€18,656
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€16,228
down €16,228 (-51.7%), from €31,378 to €15,150
Income statement
- Gross operating margin -€17,261
down €17,261 (-60.8%), from €28,368 to €11,107
- Taxes -€1,743
down €1,743 (-65.0%), from €2,682 to €939
- Financial charges +€1,108
up €1,108 (+71.6%), from €1,548 to €2,657
- Depreciation -€472
down €472 (-10.6%), from €4,439 to €3,967
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.
Result 2024
€17,038
Gross operating margin
-€17,261
Depreciation
+€472
Other operating charges
-€22
Financial income
+€1
Financial charges
-€1,108
Taxes
+€1,743
Result 2025
€864
raises the resultlowers the result
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.
From operations
+€1,833
Investment
€0
Financing
-€5,070
Cash 2024
€3,942
From operations (derived)
+€1,833
Net result for the year
+€864
Depreciation
+€3,967
Receivables within one year
+€11,024
Deferred charges and accrued income
+€428
Trade debts
+€1,459
Tax, wage and social debts
+€297
Other debts
-€16,228
Accrued charges and deferred income
+€22
Financing
-€5,070
Current portion of long-term debt
-€5,070
Cash 2025
€705
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,504,619 | €1,485,964 | -€18,656 | -1.2% |
| Fixed assets | 21/28 | €1,101,692 | €1,097,725 | -€3,967 | -0.4% |
| Tangible fixed assets | 22/27 | €11,482 | €7,515 | -€3,967 | -34.6% |
| Plant, machinery and equipment | 23 | €305 | €57 | -€248 | -81.3% |
| Furniture and vehicles | 24 | €11,177 | €7,458 | -€3,719 | -33.3% |
| Financial fixed assets | 28 | €1,090,210 | €1,090,210 | = | 0.0% |
| Current assets | 29/58 | €402,928 | €388,239 | -€14,689 | -3.6% |
| Amounts receivable within one year | 40/41 | €394,555 | €383,531 | -€11,024 | -2.8% |
| Trade receivables | 40 | €10,978 | €19,238 | +€8,261 | +75.2% |
| Other amounts receivable | 41 | €383,577 | €364,293 | -€19,285 | -5.0% |
| Cash at bank and in hand | 54/58 | €3,942 | €705 | -€3,237 | -82.1% |
| Deferred charges and accrued income | 490/1 | €4,431 | €4,003 | -€428 | -9.7% |
| Total equity and liabilities | 10/49 | €1,504,619 | €1,485,964 | -€18,656 | -1.2% |
| Equity | 10/15 | €1,456,877 | €1,457,741 | +€864 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,394,700 | €1,394,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,388,500 | €1,388,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177 | €1,041 | +€864 | +488% |
| Amounts payable | 17/49 | €47,742 | €28,223 | -€19,519 | -40.9% |
| Amounts payable within one year | 42/48 | €47,018 | €27,476 | -€19,542 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €8,426 | €3,356 | -€5,070 | -60.2% |
| Trade debts | 44 | €1,008 | €2,467 | +€1,459 | +145% |
| Suppliers | 440/4 | €1,008 | €2,467 | +€1,459 | +145% |
| Taxes, remuneration and social security | 45 | €6,206 | €6,503 | +€297 | +4.8% |
| Taxes | 450/3 | €6,206 | €6,503 | +€297 | +4.8% |
| Other amounts payable | 47/48 | €31,378 | €15,150 | -€16,228 | -51.7% |
| Accrued charges and deferred income | 492/3 | €724 | €747 | +€22 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,439 | €3,967 | -€472 | -10.6% |
| Other operating charges | 640/8 | €2,660 | €2,682 | +€22 | +0.8% |
| Gross operating margin | 9900 | €28,368 | €11,107 | -€17,261 | -60.8% |
| Operating profit (loss) | 9901 | €21,268 | €4,459 | -€16,810 | -79.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €1,548 | €2,657 | +€1,108 | +71.6% |
| Recurring financial charges | 65 | €1,548 | €2,657 | +€1,108 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | €19,720 | €1,803 | -€17,917 | -90.9% |
| Income taxes | 67/77 | €2,682 | €939 | -€1,743 | -65.0% |
| Profit (loss) for the period | 9904 | €17,038 | €864 | -€16,175 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,038 | €864 | -€16,175 | -94.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.