PIOLET: what changed
Two fiscal 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.
PIOLET
Largest movements
- Cash +€56,524
up €56,524 (+1127.1%), from €5,015 to €61,539
mainly Net result for the year (+€112,840) and Tax, wage and social debts (+€15,128)
- Receivables within one year +€23,514
up €23,514 (+777.2%), from €3,025 to €26,540
- Tangible fixed assets +€3,740
up €3,740 (+1012.5%), from €369 to €4,110
of which Furniture and vehicles: +€2,064
- Profit (loss) carried forward +€112,840
up €112,840 (+81.4%), from -€138,652 to -€25,812
- Other debts -€48,132
down €48,132 (-38.7%), from €124,452 to €76,319
- Tax, wage and social debts +€15,128
up €15,128 (+313.5%), from €4,826 to €19,954
- Trade debts +€3,846
up €3,846 (+434.1%), from €886 to €4,732
- Gross operating margin +€174,964
up €174,964, from -€55,443 to €119,521
- Other operating charges +€2,944
up €2,944 (+385.4%), from €764 to €3,707
- Financial charges +€1,534
up €1,534 (+166.1%), from €924 to €2,458
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 | €10,062 | €93,743 | +€83,682 | +831.7% |
| Fixed assets | 21/28 | €369 | €4,110 | +€3,740 | +1012.5% |
| Tangible fixed assets | 22/27 | €369 | €4,110 | +€3,740 | +1012.5% |
| Plant, machinery and equipment | 23 | - | €1,676 | +€1,676 | |
| Furniture and vehicles | 24 | €369 | €2,434 | +€2,064 | +558.8% |
| Current assets | 29/58 | €9,692 | €89,634 | +€79,942 | +824.8% |
| Amounts receivable within one year | 40/41 | €3,025 | €26,540 | +€23,514 | +777.2% |
| Trade receivables | 40 | €3,025 | €26,540 | +€23,514 | +777.2% |
| Cash at bank and in hand | 54/58 | €5,015 | €61,539 | +€56,524 | +1127.1% |
| Deferred charges and accrued income | 490/1 | €1,652 | €1,555 | -€97 | -5.9% |
| Total equity and liabilities | 10/49 | €10,062 | €93,743 | +€83,682 | +831.7% |
| Equity | 10/15 | -€120,102 | -€7,262 | +€112,840 | +94.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,652 | -€25,812 | +€112,840 | +81.4% |
| Amounts payable | 17/49 | €130,164 | €101,005 | -€29,158 | -22.4% |
| Amounts payable within one year | 42/48 | €130,164 | €101,005 | -€29,158 | -22.4% |
| Trade debts | 44 | €886 | €4,732 | +€3,846 | +434.1% |
| Suppliers | 440/4 | €886 | €4,732 | +€3,846 | +434.1% |
| Taxes, remuneration and social security | 45 | €4,826 | €19,954 | +€15,128 | +313.5% |
| Taxes | 450/3 | €4,826 | €19,954 | +€15,128 | +313.5% |
| Other amounts payable | 47/48 | €124,452 | €76,319 | -€48,132 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €460 | +€90 | +24.5% |
| Other operating charges | 640/8 | €764 | €3,707 | +€2,944 | +385.4% |
| Gross operating margin | 9900 | -€55,443 | €119,521 | +€174,964 | |
| Operating profit (loss) | 9901 | -€56,576 | €115,354 | +€171,930 | |
| Financial income | 75/76B | €23 | €316 | +€293 | +1291.7% |
| Recurring financial income | 75 | €23 | €316 | +€293 | +1291.7% |
| Financial charges | 65/66B | €924 | €2,458 | +€1,534 | +166.1% |
| Recurring financial charges | 65 | €924 | €2,458 | +€1,534 | +166.1% |
| Profit (loss) for the period before taxes | 9903 | -€57,477 | €113,213 | +€170,689 | |
| Income taxes | 67/77 | €139 | €373 | +€234 | +167.9% |
| Profit (loss) for the period | 9904 | -€57,616 | €112,840 | +€170,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,616 | €112,840 | +€170,456 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.