PIEVANSA: 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.
PIEVANSA
Largest movements
- Cash -€50,123
down €50,123 (-87.1%), from €57,520 to €7,397
mainly Tax, wage and social debts (-€85,137) and Debts after one year (-€50,762)
- Tax, wage and social debts -€85,137
down €85,137 (-95.3%), from €89,374 to €4,237
- Debts after one year -€50,762
down €50,762 (-21.7%), from €234,143 to €183,381
- Reserves +€42,366
up €42,366 (+6.1%), from €693,957 to €736,323
- Accrued charges and deferred income +€21,917
up €21,917 (+49.0%), from €44,771 to €66,687
- Other debts +€19,975
up €19,975 (+5.9%), from €339,104 to €359,079
- Financial charges -€21,671
down €21,671 (-41.0%), from €52,903 to €31,232
- Financial income -€20,449
down €20,449 (-19.9%), from €102,767 to €82,318
- Other operating charges +€613
up €613 (+105.7%), from €580 to €1,193
- Taxes +€58
up €58 (+1.4%), from €4,179 to €4,237
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 | €1,820,935 | €1,770,812 | -€50,123 | -2.8% |
| Fixed assets | 21/28 | €1,763,414 | €1,763,414 | = | 0.0% |
| Financial fixed assets | 28 | €1,763,414 | €1,763,414 | = | 0.0% |
| Current assets | 29/58 | €57,520 | €7,397 | -€50,123 | -87.1% |
| Cash at bank and in hand | 54/58 | €57,520 | €7,397 | -€50,123 | -87.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,820,935 | €1,770,812 | -€50,123 | -2.8% |
| Equity | 10/15 | €1,064,039 | €1,106,406 | +€42,366 | +4.0% |
| Contributions | 10/11 | €370,082 | €370,082 | = | 0.0% |
| Reserves | 13 | €693,957 | €736,323 | +€42,366 | +6.1% |
| Distributable reserves | 133 | €693,957 | €736,323 | +€42,366 | +6.1% |
| Amounts payable | 17/49 | €756,896 | €664,406 | -€92,489 | -12.2% |
| Amounts payable after more than one year | 17 | €234,143 | €183,381 | -€50,762 | -21.7% |
| Financial debts | 170/4 | €234,143 | €183,381 | -€50,762 | -21.7% |
| Amounts payable within one year | 42/48 | €477,981 | €414,338 | -€63,644 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €49,503 | €50,762 | +€1,259 | +2.5% |
| Trade debts | 44 | €0 | €260 | +€260 | |
| Suppliers | 440/4 | €0 | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €89,374 | €4,237 | -€85,137 | -95.3% |
| Taxes | 450/3 | €89,374 | €4,237 | -€85,137 | -95.3% |
| Other amounts payable | 47/48 | €339,104 | €359,079 | +€19,975 | +5.9% |
| Accrued charges and deferred income | 492/3 | €44,771 | €66,687 | +€21,917 | +49.0% |
| Other operating charges | 640/8 | €580 | €1,193 | +€613 | +105.7% |
| Gross operating margin | 9900 | -€3,315 | -€3,290 | +€25 | +0.8% |
| Operating profit (loss) | 9901 | -€3,896 | -€4,483 | -€588 | -15.1% |
| Financial income | 75/76B | €102,767 | €82,318 | -€20,449 | -19.9% |
| Recurring financial income | 75 | €102,767 | €82,318 | -€20,449 | -19.9% |
| Financial charges | 65/66B | €52,903 | €31,232 | -€21,671 | -41.0% |
| Recurring financial charges | 65 | €52,903 | €31,232 | -€21,671 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €45,969 | €46,603 | +€635 | +1.4% |
| Income taxes | 67/77 | €4,179 | €4,237 | +€58 | +1.4% |
| Profit (loss) for the period | 9904 | €41,790 | €42,366 | +€577 | +1.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €41,790 | €42,366 | +€577 | +1.4% |
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 11 October 2026 via checked.be.