Piet: 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.
Piet
Largest movements
- Cash +€14,214
up €14,214 (+203.4%), from €6,989 to €21,203
mainly Depreciation (+€9,256) and Net result for the year (+€4,211)
- Tangible fixed assets -€9,256
down €9,256 (-26.9%), from €34,443 to €25,187
of which Furniture and vehicles: -€9,156
- Receivables within one year +€4,137
up €4,137 (+26.2%), from €15,798 to €19,935
of which Trade receivables: +€2,985
- Profit (loss) carried forward +€2,578
up €2,578, from -€2,578 to €0
- Tax, wage and social debts +€2,222
up €2,222 (+34.0%), from €6,526 to €8,748
- Other debts +€2,065
up €2,065 (+3.7%), from €55,532 to €57,596
- Reserves +€1,633
new in 2025: €1,633
- Trade debts +€812
up €812 (+474.2%), from €171 to €983
- Gross operating margin +€1,510
up €1,510 (+8.1%), from €18,624 to €20,134
- Taxes +€1,276
up €1,276 (+32.7%), from €3,902 to €5,178
- Financial income -€647
down €647 (-41.2%), from €1,573 to €926
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 | €64,961 | €74,060 | +€9,099 | +14.0% |
| Fixed assets | 21/28 | €41,943 | €32,687 | -€9,256 | -22.1% |
| Tangible fixed assets | 22/27 | €34,443 | €25,187 | -€9,256 | -26.9% |
| Plant, machinery and equipment | 23 | €988 | €888 | -€101 | -10.2% |
| Furniture and vehicles | 24 | €33,455 | €24,299 | -€9,156 | -27.4% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €23,018 | €41,373 | +€18,355 | +79.7% |
| Amounts receivable within one year | 40/41 | €15,798 | €19,935 | +€4,137 | +26.2% |
| Trade receivables | 40 | €3,065 | €6,050 | +€2,985 | +97.4% |
| Other amounts receivable | 41 | €12,733 | €13,885 | +€1,152 | +9.0% |
| Cash at bank and in hand | 54/58 | €6,989 | €21,203 | +€14,214 | +203.4% |
| Deferred charges and accrued income | 490/1 | €230 | €235 | +€5 | +2.0% |
| Total equity and liabilities | 10/49 | €64,961 | €74,060 | +€9,099 | +14.0% |
| Equity | 10/15 | €2,522 | €6,733 | +€4,211 | +167.0% |
| Contributions | 10/11 | €5,100 | €5,100 | = | 0.0% |
| Reserves | 13 | - | €1,633 | +€1,633 | |
| Distributable reserves | 133 | - | €1,633 | +€1,633 | |
| Profit (loss) carried forward | 14 | -€2,578 | €0 | +€2,578 | |
| Amounts payable | 17/49 | €62,439 | €67,327 | +€4,888 | +7.8% |
| Amounts payable within one year | 42/48 | €62,229 | €67,327 | +€5,098 | +8.2% |
| Trade debts | 44 | €171 | €983 | +€812 | +474.2% |
| Suppliers | 440/4 | €171 | €983 | +€812 | +474.2% |
| Taxes, remuneration and social security | 45 | €6,526 | €8,748 | +€2,222 | +34.0% |
| Taxes | 450/3 | €6,526 | €8,748 | +€2,222 | +34.0% |
| Other amounts payable | 47/48 | €55,532 | €57,596 | +€2,065 | +3.7% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,116 | €9,256 | +€141 | +1.5% |
| Other operating charges | 640/8 | €1,604 | €1,733 | +€129 | +8.1% |
| Gross operating margin | 9900 | €18,624 | €20,134 | +€1,510 | +8.1% |
| Operating profit (loss) | 9901 | €7,904 | €9,145 | +€1,240 | +15.7% |
| Financial income | 75/76B | €1,573 | €926 | -€647 | -41.2% |
| Recurring financial income | 75 | €1,573 | €926 | -€647 | -41.2% |
| Financial charges | 65/66B | €793 | €681 | -€111 | -14.0% |
| Recurring financial charges | 65 | €793 | €681 | -€111 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €8,685 | €9,389 | +€704 | +8.1% |
| Income taxes | 67/77 | €3,902 | €5,178 | +€1,276 | +32.7% |
| Profit (loss) for the period | 9904 | €4,782 | €4,211 | -€571 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | €4,211 | -€571 | -12.0% |
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 9 October 2026 via checked.be.