PIETRIVO: 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.
PIETRIVO
Largest movements
- Receivables within one year +€3,867
up €3,867 (+17.3%), from €22,368 to €26,235
- Profit (loss) carried forward +€4,926
up €4,926 (+14.9%), from €32,972 to €37,898
- Gross operating margin -€9,402
down €9,402 (-48.0%), from €19,593 to €10,191
- Taxes -€2,451
down €2,451 (-52.0%), from €4,710 to €2,259
- Depreciation -€2,202
down €2,202 (-96.5%), from €2,281 to €79
- Financial income -€532
down €532 (-17.0%), from €3,128 to €2,596
- Other operating charges +€299
up €299 (+5.8%), from €5,184 to €5,483
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,993 | €275,919 | +€4,926 | +1.8% |
| Fixed assets | 21/28 | €57,743 | €57,664 | -€79 | -0.1% |
| Tangible fixed assets | 22/27 | €57,743 | €57,664 | -€79 | -0.1% |
| Land and buildings | 22 | €57,743 | €57,664 | -€79 | -0.1% |
| Current assets | 29/58 | €213,250 | €218,255 | +€5,005 | +2.3% |
| Amounts receivable within one year | 40/41 | €22,368 | €26,235 | +€3,867 | +17.3% |
| Other amounts receivable | 41 | €22,368 | €26,235 | +€3,867 | +17.3% |
| Current investments | 50/53 | €165,051 | €165,123 | +€72 | 0.0% |
| Cash at bank and in hand | 54/58 | €25,831 | €26,897 | +€1,066 | +4.1% |
| Total equity and liabilities | 10/49 | €270,993 | €275,919 | +€4,926 | +1.8% |
| Equity | 10/15 | €269,472 | €274,398 | +€4,926 | +1.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €175,000 | €175,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €168,850 | €168,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,972 | €37,898 | +€4,926 | +14.9% |
| Amounts payable | 17/49 | €1,521 | €1,521 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,521 | €1,521 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,521 | €1,521 | = | 0.0% |
| Taxes | 450/3 | €1,521 | €1,521 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,281 | €79 | -€2,202 | -96.5% |
| Other operating charges | 640/8 | €5,184 | €5,483 | +€299 | +5.8% |
| Gross operating margin | 9900 | €19,593 | €10,191 | -€9,402 | -48.0% |
| Operating profit (loss) | 9901 | €12,128 | €4,629 | -€7,499 | -61.8% |
| Financial income | 75/76B | €3,128 | €2,596 | -€532 | -17.0% |
| Recurring financial income | 75 | €3,128 | €2,596 | -€532 | -17.0% |
| Financial charges | 65/66B | €36 | €40 | +€4 | +11.1% |
| Recurring financial charges | 65 | €36 | €40 | +€4 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €15,220 | €7,185 | -€8,035 | -52.8% |
| Income taxes | 67/77 | €4,710 | €2,259 | -€2,451 | -52.0% |
| Profit (loss) for the period | 9904 | €10,510 | €4,926 | -€5,584 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,510 | €4,926 | -€5,584 | -53.1% |
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 21 October 2026 via checked.be.