PIODA & VAN DER WEE: 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.
PIODA & VAN DER WEE
Largest movements
- Receivables within one year +€15,568
up €15,568 (+186%), from €8,366 to €23,934
of which Other amounts receivable: +€14,572
- Cash -€10,530
down €10,530 (-93.3%), from €11,285 to €755
mainly Receivables within one year (-€15,568) and Investment in fixed assets (net) (-€6,845)
- Tangible fixed assets +€1,030
up €1,030 (+5.3%), from €19,610 to €20,640
of which Land and buildings: +€3,287
- Deferred charges and accrued income -€686
down €686 (-24.9%), from €2,757 to €2,071
- Profit (loss) carried forward -€4,605
down €4,605 (-38.1%), from €12,074 to €7,469
- Trade debts +€4,200
new in 2025: €4,200
- Debts after one year +€2,879
up €2,879 (+57.8%), from €4,979 to €7,858
- Current portion of long-term debt +€2,089
up €2,089 (+30.3%), from €6,886 to €8,974
- Short-term financial debts +€1,987
new in 2025: €1,987
- Gross operating margin -€15,561
down €15,561 (-78.1%), from €19,914 to €4,353
- Taxes -€3,301
down €3,301 (-76.4%), from €4,322 to €1,021
- Depreciation -€1,071
down €1,071 (-15.6%), from €6,886 to €5,815
- Financial charges -€553
down €553 (-34.3%), from €1,613 to €1,060
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 | €42,558 | €47,940 | +€5,382 | +12.6% |
| Fixed assets | 21/28 | €20,150 | €21,180 | +€1,030 | +5.1% |
| Tangible fixed assets | 22/27 | €19,610 | €20,640 | +€1,030 | +5.3% |
| Land and buildings | 22 | - | €3,287 | +€3,287 | |
| Plant, machinery and equipment | 23 | €13,441 | €12,781 | -€660 | -4.9% |
| Furniture and vehicles | 24 | €6,169 | €4,572 | -€1,597 | -25.9% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €22,408 | €26,760 | +€4,352 | +19.4% |
| Amounts receivable within one year | 40/41 | €8,366 | €23,934 | +€15,568 | +186% |
| Trade receivables | 40 | €7,493 | €8,490 | +€997 | +13.3% |
| Other amounts receivable | 41 | €873 | €15,445 | +€14,572 | +1,669% |
| Cash at bank and in hand | 54/58 | €11,285 | €755 | -€10,530 | -93.3% |
| Deferred charges and accrued income | 490/1 | €2,757 | €2,071 | -€686 | -24.9% |
| Total equity and liabilities | 10/49 | €42,558 | €47,940 | +€5,382 | +12.6% |
| Equity | 10/15 | €24,504 | €19,899 | -€4,605 | -18.8% |
| Contributions | 10/11 | €6,430 | €6,430 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,074 | €7,469 | -€4,605 | -38.1% |
| Amounts payable | 17/49 | €18,054 | €28,041 | +€9,987 | +55.3% |
| Amounts payable after more than one year | 17 | €4,979 | €7,858 | +€2,879 | +57.8% |
| Financial debts | 170/4 | €4,979 | €7,858 | +€2,879 | +57.8% |
| Amounts payable within one year | 42/48 | €13,076 | €20,183 | +€7,107 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €6,886 | €8,974 | +€2,089 | +30.3% |
| Financial debts | 43 | - | €1,987 | +€1,987 | |
| Credit institutions | 430/8 | - | €1,987 | +€1,987 | |
| Trade debts | 44 | - | €4,200 | +€4,200 | |
| Suppliers | 440/4 | - | €4,200 | +€4,200 | |
| Taxes, remuneration and social security | 45 | €5,984 | €5,022 | -€963 | -16.1% |
| Taxes | 450/3 | €5,984 | €5,022 | -€963 | -16.1% |
| Other amounts payable | 47/48 | €206 | - | -€206 | |
| Remuneration, social security and pensions | 62 | €332 | €362 | +€30 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,886 | €5,815 | -€1,071 | -15.6% |
| Other operating charges | 640/8 | €637 | €705 | +€67 | +10.5% |
| Gross operating margin | 9900 | €19,914 | €4,353 | -€15,561 | -78.1% |
| Operating profit (loss) | 9901 | €12,058 | -€2,528 | -€14,586 | |
| Financial income | 75/76B | €18 | €4 | -€13 | -74.7% |
| Recurring financial income | 75 | €18 | €4 | -€13 | -74.7% |
| Financial charges | 65/66B | €1,613 | €1,060 | -€553 | -34.3% |
| Recurring financial charges | 65 | €1,613 | €1,060 | -€553 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €10,463 | -€3,584 | -€14,047 | |
| Income taxes | 67/77 | €4,322 | €1,021 | -€3,301 | -76.4% |
| Profit (loss) for the period | 9904 | €6,141 | -€4,605 | -€10,746 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,141 | -€4,605 | -€10,746 |
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 27 October 2026 via checked.be.