PIETCH: 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.
PIETCH
Largest movements
- Cash +€2,908
up €2,908 (+11.1%), from €26,247 to €29,155
mainly Net result for the year (+€5,348) and Receivables within one year (+€2,300)
- Receivables within one year -€2,300
down €2,300 (-65.2%), from €3,529 to €1,228
of which Trade receivables: -€2,239
- Tangible fixed assets +€1,458
new in 2025: €1,458
- Intangible fixed assets +€461
new in 2025: €461
- Profit (loss) carried forward +€5,348
up €5,348 (+13.5%), from -€39,681 to -€34,333
- Other debts -€3,061
down €3,061 (-14.1%), from €21,707 to €18,645
- Tax, wage and social debts +€494
up €494, from €0 to €494
- Gross operating margin +€19,707
up €19,707, from -€13,386 to €6,321
- Depreciation +€460
up €460, from €0 to €460
- Other operating charges -€291
down €291 (-40.2%), from €725 to €433
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 | €29,775 | €32,302 | +€2,527 | +8.5% |
| Fixed assets | 21/28 | - | €1,919 | +€1,919 | |
| Intangible fixed assets | 21 | - | €461 | +€461 | |
| Tangible fixed assets | 22/27 | - | €1,458 | +€1,458 | |
| Furniture and vehicles | 24 | - | €1,458 | +€1,458 | |
| Current assets | 29/58 | €29,775 | €30,383 | +€608 | +2.0% |
| Amounts receivable within one year | 40/41 | €3,529 | €1,228 | -€2,300 | -65.2% |
| Trade receivables | 40 | €3,449 | €1,210 | -€2,239 | -64.9% |
| Other amounts receivable | 41 | €80 | €18 | -€62 | -77.0% |
| Cash at bank and in hand | 54/58 | €26,247 | €29,155 | +€2,908 | +11.1% |
| Total equity and liabilities | 10/49 | €29,775 | €32,302 | +€2,527 | +8.5% |
| Equity | 10/15 | €7,724 | €13,072 | +€5,348 | +69.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €37,405 | €37,405 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €37,405 | €37,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,681 | -€34,333 | +€5,348 | +13.5% |
| Amounts payable | 17/49 | €22,051 | €19,231 | -€2,821 | -12.8% |
| Amounts payable within one year | 42/48 | €22,051 | €19,231 | -€2,821 | -12.8% |
| Trade debts | 44 | €345 | €91 | -€254 | -73.6% |
| Suppliers | 440/4 | €345 | €91 | -€254 | -73.6% |
| Taxes, remuneration and social security | 45 | €0 | €494 | +€494 | |
| Taxes | 450/3 | €0 | €494 | +€494 | |
| Other amounts payable | 47/48 | €21,707 | €18,645 | -€3,061 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €460 | +€460 | |
| Other operating charges | 640/8 | €725 | €433 | -€291 | -40.2% |
| Gross operating margin | 9900 | -€13,386 | €6,321 | +€19,707 | |
| Operating profit (loss) | 9901 | -€14,111 | €5,428 | +€19,539 | |
| Financial income | 75/76B | €2 | €65 | +€63 | +3080.5% |
| Recurring financial income | 75 | €2 | €65 | +€63 | +3080.5% |
| Financial charges | 65/66B | €108 | €145 | +€37 | +34.3% |
| Recurring financial charges | 65 | €108 | €145 | +€37 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,217 | €5,348 | +€19,565 | |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€14,218 | €5,348 | +€19,565 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,218 | €5,348 | +€19,565 |
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 6 October 2026 via checked.be.