Piëzo Consulting: 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.
Piëzo Consulting
Largest movements
- Receivables within one year -€214,806
down €214,806 (-77.6%), from €276,641 to €61,835
of which Other amounts receivable: -€213,696
- Cash +€51,454
up €51,454 (+45.5%), from €113,153 to €164,607
mainly Receivables within one year (+€214,806) and Net result for the year (+€182,255)
- Current investments +€18,249
up €18,249 (+54.4%), from €33,573 to €51,822
- Tangible fixed assets +€7,369
up €7,369 (+64.9%), from €11,347 to €18,716
of which Other tangible fixed assets: +€9,707
- Profit (loss) carried forward -€217,745
down €217,745 (-65.6%), from €331,884 to €114,138
- Other debts +€100,000
new in 2025: €100,000
- Tax, wage and social debts -€19,809
down €19,809 (-20.5%), from €96,414 to €76,605
of which Taxes: -€17,859
- Gross operating margin +€36,597
up €36,597 (+18.5%), from €197,678 to €234,275
- Taxes +€10,509
up €10,509 (+22.7%), from €46,208 to €56,717
- Financial income +€4,899
up €4,899 (+55.9%), from €8,764 to €13,662
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 | €437,308 | €299,387 | -€137,922 | -31.5% |
| Fixed assets | 21/28 | €11,347 | €18,716 | +€7,369 | +64.9% |
| Tangible fixed assets | 22/27 | €11,347 | €18,716 | +€7,369 | +64.9% |
| Plant, machinery and equipment | 23 | €2,559 | €1,973 | -€586 | -22.9% |
| Furniture and vehicles | 24 | €2,470 | €719 | -€1,751 | -70.9% |
| Other tangible fixed assets | 26 | €6,318 | €16,025 | +€9,707 | +154% |
| Current assets | 29/58 | €425,962 | €280,671 | -€145,291 | -34.1% |
| Amounts receivable within one year | 40/41 | €276,641 | €61,835 | -€214,806 | -77.6% |
| Trade receivables | 40 | €33,536 | €32,426 | -€1,110 | -3.3% |
| Other amounts receivable | 41 | €243,105 | €29,409 | -€213,696 | -87.9% |
| Current investments | 50/53 | €33,573 | €51,822 | +€18,249 | +54.4% |
| Cash at bank and in hand | 54/58 | €113,153 | €164,607 | +€51,454 | +45.5% |
| Deferred charges and accrued income | 490/1 | €2,595 | €2,407 | -€188 | -7.3% |
| Total equity and liabilities | 10/49 | €437,308 | €299,387 | -€137,922 | -31.5% |
| Equity | 10/15 | €336,884 | €119,138 | -€217,745 | -64.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,884 | €114,138 | -€217,745 | -65.6% |
| Amounts payable | 17/49 | €100,425 | €180,248 | +€79,824 | +79.5% |
| Amounts payable within one year | 42/48 | €100,425 | €180,248 | +€79,824 | +79.5% |
| Trade debts | 44 | €4,011 | €3,643 | -€367 | -9.2% |
| Suppliers | 440/4 | €4,011 | €3,643 | -€367 | -9.2% |
| Taxes, remuneration and social security | 45 | €96,414 | €76,605 | -€19,809 | -20.5% |
| Taxes | 450/3 | €94,464 | €76,605 | -€17,859 | -18.9% |
| Remuneration and social security | 454/9 | €1,950 | €0 | -€1,950 | -100% |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,917 | €3,482 | +€565 | +19.4% |
| Other operating charges | 640/8 | €921 | €684 | -€237 | -25.7% |
| Gross operating margin | 9900 | €197,678 | €234,275 | +€36,597 | +18.5% |
| Operating profit (loss) | 9901 | €193,840 | €230,110 | +€36,269 | +18.7% |
| Financial income | 75/76B | €8,764 | €13,662 | +€4,899 | +55.9% |
| Recurring financial income | 75 | €8,764 | €13,662 | +€4,899 | +55.9% |
| Financial charges | 65/66B | €4,470 | €4,800 | +€331 | +7.4% |
| Recurring financial charges | 65 | €4,470 | €4,800 | +€331 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €198,135 | €238,972 | +€40,837 | +20.6% |
| Income taxes | 67/77 | €46,208 | €56,717 | +€10,509 | +22.7% |
| Profit (loss) for the period | 9904 | €151,927 | €182,255 | +€30,328 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €151,927 | €182,255 | +€30,328 | +20.0% |
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 18 October 2026 via checked.be.