PIET ORIS: 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.
PIET ORIS
Largest movements
- Tangible fixed assets -€39,613
down €39,613 (-9.3%), from €427,382 to €387,769
of which Furniture and vehicles: -€23,803
- Receivables within one year +€36,352
up €36,352 (+343.5%), from €10,584 to €46,936
of which Trade receivables: +€34,754
- Cash +€21,619
up €21,619 (+199.6%), from €10,829 to €32,449
mainly Depreciation (+€44,004) and Trade debts (+€30,388)
- Trade debts +€30,388
up €30,388 (+453.8%), from €6,696 to €37,083
- Debts after one year -€27,416
down €27,416 (-55.4%), from €49,490 to €22,074
- Current portion of long-term debt +€11,941
new in 2025: €11,941
- Other debts +€5,601
up €5,601 (+8.3%), from €67,495 to €73,097
- Gross operating margin +€5,004
up €5,004 (+9.6%), from €52,187 to €57,191
- Staff costs -€4,787
down €4,787 (-27.0%), from €17,749 to €12,961
- Depreciation +€3,929
up €3,929 (+9.8%), from €40,075 to €44,004
- Taxes -€2,238
down €2,238 (-100.0%), from €2,238 to €0
- Financial charges -€603
down €603 (-22.8%), from €2,641 to €2,037
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 | €449,132 | €467,645 | +€18,513 | +4.1% |
| Fixed assets | 21/28 | €427,382 | €387,769 | -€39,613 | -9.3% |
| Tangible fixed assets | 22/27 | €427,382 | €387,769 | -€39,613 | -9.3% |
| Land and buildings | 22 | €341,317 | €323,184 | -€18,133 | -5.3% |
| Plant, machinery and equipment | 23 | €12,959 | €15,282 | +€2,323 | +17.9% |
| Furniture and vehicles | 24 | €73,106 | €49,302 | -€23,803 | -32.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €21,750 | €79,876 | +€58,126 | +267.2% |
| Amounts receivable within one year | 40/41 | €10,584 | €46,936 | +€36,352 | +343.5% |
| Trade receivables | 40 | €3,336 | €38,090 | +€34,754 | +1041.8% |
| Other amounts receivable | 41 | €7,248 | €8,846 | +€1,598 | +22.0% |
| Cash at bank and in hand | 54/58 | €10,829 | €32,449 | +€21,619 | +199.6% |
| Deferred charges and accrued income | 490/1 | €337 | €492 | +€155 | +45.9% |
| Total equity and liabilities | 10/49 | €449,132 | €467,645 | +€18,513 | +4.1% |
| Equity | 10/15 | €324,269 | €320,178 | -€4,090 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,783 | €311,823 | -€2,960 | -0.9% |
| Tax-exempt reserves | 132 | €58,677 | €55,717 | -€2,960 | -5.0% |
| Distributable reserves | 133 | €256,106 | €256,106 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,114 | -€10,244 | -€1,130 | -12.4% |
| Amounts payable | 17/49 | €124,863 | €147,467 | +€22,604 | +18.1% |
| Amounts payable after more than one year | 17 | €49,490 | €22,074 | -€27,416 | -55.4% |
| Financial debts | 170/4 | €49,490 | €22,074 | -€27,416 | -55.4% |
| Amounts payable within one year | 42/48 | €75,373 | €125,392 | +€50,019 | +66.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,941 | +€11,941 | |
| Trade debts | 44 | €6,696 | €37,083 | +€30,388 | +453.8% |
| Suppliers | 440/4 | €6,696 | €37,083 | +€30,388 | +453.8% |
| Taxes, remuneration and social security | 45 | €1,182 | €3,271 | +€2,089 | +176.7% |
| Taxes | 450/3 | €219 | €2,250 | +€2,031 | +928.5% |
| Remuneration and social security | 454/9 | €963 | €1,021 | +€58 | +6.0% |
| Other amounts payable | 47/48 | €67,495 | €73,097 | +€5,601 | +8.3% |
| Remuneration, social security and pensions | 62 | €17,749 | €12,961 | -€4,787 | -27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,075 | €44,004 | +€3,929 | +9.8% |
| Other operating charges | 640/8 | €1,983 | €2,279 | +€296 | +14.9% |
| Gross operating margin | 9900 | €52,187 | €57,191 | +€5,004 | +9.6% |
| Operating profit (loss) | 9901 | -€7,620 | -€2,053 | +€5,567 | +73.1% |
| Financial income | 75/76B | €106 | - | -€106 | |
| Recurring financial income | 75 | €106 | - | -€106 | |
| Financial charges | 65/66B | €2,641 | €2,037 | -€603 | -22.8% |
| Recurring financial charges | 65 | €2,641 | €2,037 | -€603 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,155 | -€4,090 | +€6,064 | +59.7% |
| Income taxes | 67/77 | €2,238 | €0 | -€2,238 | -100.0% |
| Profit (loss) for the period | 9904 | -€12,392 | -€4,090 | +€8,302 | +67.0% |
| Transfer from tax-exempt reserves | 789 | €2,960 | €2,960 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,432 | -€1,130 | +€8,302 | +88.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.