Piô Vert: 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.
Piô Vert
Largest movements
- Tangible fixed assets +€84,259
up €84,259 (+151.9%), from €55,487 to €139,746
of which Plant, machinery and equipment: +€90,331
- Cash +€15,823
up €15,823 (+112.0%), from €14,127 to €29,950
mainly Net result for the year (+€51,539) and Other debts (+€38,182)
- Receivables within one year -€3,687
down €3,687 (-27.5%), from €13,385 to €9,699
of which Trade receivables: -€3,687
- Reserves +€51,539
up €51,539 (+535.9%), from €9,617 to €61,156
- Other debts +€38,182
up €38,182 (+230.7%), from €16,551 to €54,733
- Tax, wage and social debts +€8,836
up €8,836 (+609.6%), from €1,450 to €10,286
of which Taxes: +€8,288
- Trade debts -€2,836
down €2,836 (-29.8%), from €9,520 to €6,684
- Gross operating margin +€76,382
up €76,382 (+307.3%), from €24,858 to €101,240
- Depreciation +€16,032
up €16,032 (+188.5%), from €8,504 to €24,536
- Taxes +€14,376
up €14,376 (+534.3%), from €2,691 to €17,067
- Staff costs +€4,718
up €4,718 (+273.4%), from €1,726 to €6,444
- Other operating charges -€1,394
down €1,394 (-61.7%), from €2,260 to €866
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 | €83,138 | €179,578 | +€96,440 | +116.0% |
| Fixed assets | 21/28 | €55,487 | €139,746 | +€84,259 | +151.9% |
| Tangible fixed assets | 22/27 | €55,487 | €139,746 | +€84,259 | +151.9% |
| Plant, machinery and equipment | 23 | €43,047 | €133,378 | +€90,331 | +209.8% |
| Furniture and vehicles | 24 | €12,441 | €6,369 | -€6,072 | -48.8% |
| Current assets | 29/58 | €27,650 | €39,831 | +€12,181 | +44.1% |
| Amounts receivable within one year | 40/41 | €13,385 | €9,699 | -€3,687 | -27.5% |
| Trade receivables | 40 | €12,576 | €8,890 | -€3,687 | -29.3% |
| Other amounts receivable | 41 | €809 | €809 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,127 | €29,950 | +€15,823 | +112.0% |
| Deferred charges and accrued income | 490/1 | €138 | €183 | +€45 | +32.4% |
| Total equity and liabilities | 10/49 | €83,138 | €179,578 | +€96,440 | +116.0% |
| Equity | 10/15 | €30,617 | €82,156 | +€51,539 | +168.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €9,617 | €61,156 | +€51,539 | +535.9% |
| Distributable reserves | 133 | €9,617 | €61,156 | +€51,539 | +535.9% |
| Amounts payable | 17/49 | €52,521 | €97,422 | +€44,901 | +85.5% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,521 | €71,703 | +€44,182 | +160.5% |
| Trade debts | 44 | €9,520 | €6,684 | -€2,836 | -29.8% |
| Suppliers | 440/4 | €9,520 | €6,684 | -€2,836 | -29.8% |
| Taxes, remuneration and social security | 45 | €1,450 | €10,286 | +€8,836 | +609.6% |
| Taxes | 450/3 | €982 | €9,270 | +€8,288 | +843.8% |
| Remuneration and social security | 454/9 | €467 | €1,015 | +€548 | +117.3% |
| Other amounts payable | 47/48 | €16,551 | €54,733 | +€38,182 | +230.7% |
| Accrued charges and deferred income | 492/3 | - | €719 | +€719 | |
| Remuneration, social security and pensions | 62 | €1,726 | €6,444 | +€4,718 | +273.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,504 | €24,536 | +€16,032 | +188.5% |
| Other operating charges | 640/8 | €2,260 | €866 | -€1,394 | -61.7% |
| Gross operating margin | 9900 | €24,858 | €101,240 | +€76,382 | +307.3% |
| Operating profit (loss) | 9901 | €12,368 | €69,395 | +€57,027 | +461.1% |
| Financial income | 75/76B | €0 | €40 | +€40 | +40010.0% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +40010.0% |
| Financial charges | 65/66B | €60 | €829 | +€769 | +1276.8% |
| Recurring financial charges | 65 | €60 | €829 | +€769 | +1276.8% |
| Profit (loss) for the period before taxes | 9903 | €12,308 | €68,606 | +€56,298 | +457.4% |
| Income taxes | 67/77 | €2,691 | €17,067 | +€14,376 | +534.3% |
| Profit (loss) for the period | 9904 | €9,617 | €51,539 | +€41,922 | +435.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,617 | €51,539 | +€41,922 | +435.9% |
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 9 October 2026 via checked.be.