PIOT & Fils: what changed
What changed
PIOT & Fils
NACE 25.510, Coating of metals
filed annual accounts (NBB)
Net result for the year
€3,511
2024 · -€65,373+€68,884
Equity
€22,806
2024 · €20,669+€2,137
Cash
€18,901
2024 · €39,536-€20,635
Balance sheet total
€382,823
2024 · €453,311-€70,488
Largest movements
Assets
- Tangible fixed assets -€64,947
down €64,947 (-20.9%), from €311,109 to €246,162
of which Plant, machinery and equipment: -€37,299
- Cash -€20,635
down €20,635 (-52.2%), from €39,536 to €18,901
mainly Debts after one year (-€50,894) and Trade debts (-€12,778)
- Receivables within one year +€12,154
up €12,154 (+20.7%), from €58,720 to €70,874
of which Trade receivables: +€7,782
Equity and liabilities
- Debts after one year -€50,894
down €50,894 (-25.8%), from €197,348 to €146,454
of which Financial debts: -€50,844
- Trade debts -€12,778
down €12,778 (-28.3%), from €45,168 to €32,390
- Tax, wage and social debts -€10,604
down €10,604 (-16.8%), from €63,044 to €52,440
of which Remuneration and social security: -€12,988
- Other debts +€6,000
up €6,000 (+66.7%), from €9,000 to €15,000
Income statement
- Gross operating margin +€64,529
up €64,529 (+19.7%), from €326,797 to €391,326
- Staff costs -€4,489
down €4,489 (-1.6%), from €283,041 to €278,552
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
-€65,373
Gross operating margin
+€64,529
Staff costs
+€4,489
Depreciation
+€1,146
Write-downs
-€1,014
Other operating charges
-€348
Other operating items
-€32
Financial income
-€104
Financial charges
+€230
Taxes
-€10
Result 2025
€3,511
raises the resultlowers the resultnot broken down further in the accounts
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
+€42,076
Investment
-€7,084
Financing
-€55,626
Cash 2024
€39,536
From operations (derived)
+€42,076
Net result for the year
+€3,511
Depreciation
+€72,462
Stocks and contracts
-€2,057
Receivables within one year
-€12,154
Deferred charges and accrued income
-€1,313
Trade debts
-€12,778
Tax, wage and social debts
-€10,604
Other debts
+€6,000
Accrued charges and deferred income
-€992
Investment (derived)
-€7,084
Investment in fixed assets (net)
-€7,084
Financing
-€55,626
Debts after one year
-€50,894
Current portion of long-term debt
-€3,502
Short-term financial debts
+€144
Contributions, distributions and other
-€1,374
Cash 2025
€18,901
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €453,311 | €382,823 | -€70,488 | -15.5% |
| Fixed assets | 21/28 | €312,356 | €246,978 | -€65,378 | -20.9% |
| Intangible fixed assets | 21 | €1,048 | €617 | -€431 | -41.1% |
| Tangible fixed assets | 22/27 | €311,109 | €246,162 | -€64,947 | -20.9% |
| Land and buildings | 22 | €201,417 | €184,094 | -€17,323 | -8.6% |
| Plant, machinery and equipment | 23 | €84,250 | €46,950 | -€37,299 | -44.3% |
| Furniture and vehicles | 24 | €25,442 | €15,118 | -€10,325 | -40.6% |
| Financial fixed assets | 28 | €199 | €199 | = | 0.0% |
| Current assets | 29/58 | €140,955 | €135,844 | -€5,110 | -3.6% |
| Stocks and contracts in progress | 3 | €26,372 | €28,429 | +€2,057 | +7.8% |
| Stocks | 30/36 | €26,372 | €28,429 | +€2,057 | +7.8% |
| Amounts receivable within one year | 40/41 | €58,720 | €70,874 | +€12,154 | +20.7% |
| Trade receivables | 40 | €51,578 | €59,360 | +€7,782 | +15.1% |
| Other amounts receivable | 41 | €7,142 | €11,514 | +€4,372 | +61.2% |
| Cash at bank and in hand | 54/58 | €39,536 | €18,901 | -€20,635 | -52.2% |
| Deferred charges and accrued income | 490/1 | €16,327 | €17,640 | +€1,313 | +8.0% |
| Total equity and liabilities | 10/49 | €453,311 | €382,823 | -€70,488 | -15.5% |
| Equity | 10/15 | €20,669 | €22,806 | +€2,137 | +10.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €5,871 | €5,871 | = | 0.0% |
| Reserves | 13 | €145,200 | €145,200 | = | 0.0% |
| Distributable reserves | 133 | €145,200 | €145,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,672 | -€156,160 | +€3,511 | +2.2% |
| Investment grants | 15 | €10,669 | €9,295 | -€1,374 | -12.9% |
| Amounts payable | 17/49 | €432,642 | €360,017 | -€72,625 | -16.8% |
| Amounts payable after more than one year | 17 | €197,348 | €146,454 | -€50,894 | -25.8% |
| Financial debts | 170/4 | €168,807 | €117,963 | -€50,844 | -30.1% |
| Other amounts payable | 178/9 | €28,541 | €28,491 | -€51 | -0.2% |
| Amounts payable within one year | 42/48 | €227,874 | €207,135 | -€20,739 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €60,662 | €57,160 | -€3,502 | -5.8% |
| Financial debts | 43 | €50,000 | €50,144 | +€144 | +0.3% |
| Credit institutions | 430/8 | €50,000 | €50,144 | +€144 | +0.3% |
| Trade debts | 44 | €45,168 | €32,390 | -€12,778 | -28.3% |
| Suppliers | 440/4 | €45,168 | €32,390 | -€12,778 | -28.3% |
| Taxes, remuneration and social security | 45 | €63,044 | €52,440 | -€10,604 | -16.8% |
| Taxes | 450/3 | €27,346 | €29,731 | +€2,385 | +8.7% |
| Remuneration and social security | 454/9 | €35,697 | €22,709 | -€12,988 | -36.4% |
| Other amounts payable | 47/48 | €9,000 | €15,000 | +€6,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | €7,420 | €6,428 | -€992 | -13.4% |
| Remuneration, social security and pensions | 62 | €283,041 | €278,552 | -€4,489 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,608 | €72,462 | -€1,146 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,014 | +€1,014 | |
| Other operating charges | 640/8 | €14,791 | €15,139 | +€348 | +2.4% |
| Non-recurring operating charges | 66A | - | €32 | +€32 | |
| Gross operating margin | 9900 | €326,797 | €391,326 | +€64,529 | +19.7% |
| Operating profit (loss) | 9901 | -€44,643 | €24,126 | +€68,769 | |
| Financial income | 75/76B | €1,596 | €1,492 | -€104 | -6.5% |
| Recurring financial income | 75 | €1,596 | €1,492 | -€104 | -6.5% |
| Financial charges | 65/66B | €21,603 | €21,373 | -€230 | -1.1% |
| Recurring financial charges | 65 | €21,603 | €21,373 | -€230 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€64,649 | €4,245 | +€68,894 | |
| Income taxes | 67/77 | €724 | €734 | +€10 | +1.4% |
| Profit (loss) for the period | 9904 | -€65,373 | €3,511 | +€68,884 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,373 | €3,511 | +€68,884 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.