Pio d'Oro: what changed
What changed
Pio d'Oro
NACE 32.123, Manufacture of jewellery
filed annual accounts (NBB)
Net result for the year
€15,467
2024 · €4,596+€10,871
Equity
€225,604
2024 · €210,137+€15,467
Cash
€53,941
2024 · €35,901+€18,041
Balance sheet total
€572,641
2024 · €544,906+€27,735
Largest movements
Assets
- Cash +€18,041
up €18,041 (+50.3%), from €35,901 to €53,941
mainly Depreciation (+€24,150) and Trade debts (+€19,967)
- Stocks and contracts +€10,162
up €10,162 (+2.7%), from €380,557 to €390,719
Equity and liabilities
- Trade debts +€19,967
up €19,967 (+235%), from €8,490 to €28,457
- Reserves +€15,467
up €15,467 (+27.2%), from €56,805 to €72,271
of which Distributable reserves: +€15,467
- Debts after one year -€13,321
down €13,321 (-16.5%), from €80,627 to €67,306
- Current portion of long-term debt +€6,605
up €6,605 (+34.3%), from €19,274 to €25,878
Income statement
- Gross operating margin +€22,267
up €22,267 (+47.0%), from €47,331 to €69,598
- Taxes +€6,049
up €6,049 (+226%), from €2,672 to €8,721
- Depreciation +€5,177
up €5,177 (+27.3%), from €18,973 to €24,150
- Financial charges -€898
down €898 (-4.4%), from €20,406 to €19,508
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,596
Gross operating margin
+€22,267
Depreciation
-€5,177
Other operating charges
-€385
Financial income
-€683
Financial charges
+€898
Taxes
-€6,049
Result 2025
€15,467
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49,999
Investment
-€25,242
Financing
-€6,717
Cash 2024
€35,901
From operations (derived)
+€49,999
Net result for the year
+€15,467
Depreciation
+€24,150
Stocks and contracts
-€10,162
Receivables within one year
+€2,065
Deferred charges and accrued income
-€506
Trade debts
+€19,967
Tax, wage and social debts
+€4,275
Other debts
-€4,784
Accrued charges and deferred income
-€472
Investment (derived)
-€25,242
Investment in fixed assets (net)
-€25,242
Financing
-€6,717
Debts after one year
-€13,321
Current portion of long-term debt
+€6,605
Cash 2025
€53,941
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,906 | €572,641 | +€27,735 | +5.1% |
| Fixed assets | 21/28 | €124,127 | €125,218 | +€1,091 | +0.9% |
| Tangible fixed assets | 22/27 | €118,752 | €119,843 | +€1,091 | +0.9% |
| Land and buildings | 22 | €118,752 | €104,114 | -€14,638 | -12.3% |
| Furniture and vehicles | 24 | - | €15,729 | +€15,729 | |
| Financial fixed assets | 28 | €5,375 | €5,375 | = | 0.0% |
| Current assets | 29/58 | €420,779 | €447,423 | +€26,644 | +6.3% |
| Stocks and contracts in progress | 3 | €380,557 | €390,719 | +€10,162 | +2.7% |
| Stocks | 30/36 | €380,557 | €390,719 | +€10,162 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,588 | €523 | -€2,065 | -79.8% |
| Trade receivables | 40 | €2,017 | €0 | -€2,017 | -100% |
| Other amounts receivable | 41 | €571 | €523 | -€47 | -8.3% |
| Cash at bank and in hand | 54/58 | €35,901 | €53,941 | +€18,041 | +50.3% |
| Deferred charges and accrued income | 490/1 | €1,733 | €2,240 | +€506 | +29.2% |
| Total equity and liabilities | 10/49 | €544,906 | €572,641 | +€27,735 | +5.1% |
| Equity | 10/15 | €210,137 | €225,604 | +€15,467 | +7.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €56,805 | €72,271 | +€15,467 | +27.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €56,805 | €72,271 | +€15,467 | +27.2% |
| Profit (loss) carried forward | 14 | €3,333 | €3,333 | = | 0.0% |
| Amounts payable | 17/49 | €334,769 | €347,037 | +€12,269 | +3.7% |
| Amounts payable after more than one year | 17 | €80,627 | €67,306 | -€13,321 | -16.5% |
| Financial debts | 170/4 | €80,627 | €67,306 | -€13,321 | -16.5% |
| Amounts payable within one year | 42/48 | €238,723 | €264,785 | +€26,062 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €19,274 | €25,878 | +€6,605 | +34.3% |
| Trade debts | 44 | €8,490 | €28,457 | +€19,967 | +235% |
| Suppliers | 440/4 | €8,490 | €28,457 | +€19,967 | +235% |
| Taxes, remuneration and social security | 45 | €4,815 | €9,089 | +€4,275 | +88.8% |
| Taxes | 450/3 | €4,815 | €9,089 | +€4,275 | +88.8% |
| Other amounts payable | 47/48 | €206,145 | €201,361 | -€4,784 | -2.3% |
| Accrued charges and deferred income | 492/3 | €15,418 | €14,946 | -€472 | -3.1% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,973 | €24,150 | +€5,177 | +27.3% |
| Other operating charges | 640/8 | €1,782 | €2,167 | +€385 | +21.6% |
| Gross operating margin | 9900 | €47,331 | €69,598 | +€22,267 | +47.0% |
| Operating profit (loss) | 9901 | €26,576 | €43,281 | +€16,705 | +62.9% |
| Financial income | 75/76B | €1,097 | €414 | -€683 | -62.2% |
| Recurring financial income | 75 | €1,097 | €414 | -€683 | -62.2% |
| Financial charges | 65/66B | €20,406 | €19,508 | -€898 | -4.4% |
| Recurring financial charges | 65 | €20,406 | €19,508 | -€898 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €7,268 | €24,188 | +€16,920 | +233% |
| Income taxes | 67/77 | €2,672 | €8,721 | +€6,049 | +226% |
| Profit (loss) for the period | 9904 | €4,596 | €15,467 | +€10,871 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €4,596 | €15,467 | +€10,871 | +237% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.