PiotFarma: 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.
PiotFarma
Largest movements
- Intangible fixed assets -€60,985
down €60,985 (-5.6%), from €1.1m to €1.0m
- Cash +€50,065
up €50,065 (+39.9%), from €125,406 to €175,471
mainly Provisions (+€231,705) and Depreciation (+€111,504)
- Tangible fixed assets -€35,519
down €35,519 (-10.3%), from €345,057 to €309,537
of which Other tangible fixed assets: -€33,964
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Debts after one year -€398,138
down €398,138 (-26.1%), from €1.5m to €1.1m
- Provisions +€231,705
new in 2025: €231,705
- Current portion of long-term debt +€87,018
up €87,018 (+211.5%), from €41,146 to €128,164
- Trade debts -€47,752
down €47,752 (-37.1%), from €128,825 to €81,073
- Other debts +€27,755
up €27,755 (+697.0%), from €3,982 to €31,737
- Gross operating margin +€74,893
up €74,893 (+31.8%), from €235,615 to €310,508
- Financial charges -€51,128
down €51,128 (-42.5%), from €120,314 to €69,187
- Depreciation -€44,182
down €44,182 (-28.4%), from €155,686 to €111,504
- Staff costs +€28,387
up €28,387 (+47.2%), from €60,185 to €88,572
- Taxes +€24,680
up €24,680 (+1303.3%), from €1,894 to €26,574
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 | €1,865,429 | €1,785,706 | -€79,723 | -4.3% |
| Fixed assets | 21/28 | €1,443,107 | €1,346,603 | -€96,504 | -6.7% |
| Intangible fixed assets | 21 | €1,097,726 | €1,036,741 | -€60,985 | -5.6% |
| Tangible fixed assets | 22/27 | €345,057 | €309,537 | -€35,519 | -10.3% |
| Plant, machinery and equipment | 23 | €12,519 | €6,907 | -€5,611 | -44.8% |
| Furniture and vehicles | 24 | €35,876 | €39,932 | +€4,056 | +11.3% |
| Other tangible fixed assets | 26 | €296,662 | €262,698 | -€33,964 | -11.4% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €422,322 | €439,103 | +€16,781 | +4.0% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Stocks and contracts in progress | 3 | €166,338 | €178,206 | +€11,868 | +7.1% |
| Stocks | 30/36 | €166,338 | €178,206 | +€11,868 | +7.1% |
| Amounts receivable within one year | 40/41 | €94,164 | €79,605 | -€14,559 | -15.5% |
| Trade receivables | 40 | €90,091 | €79,605 | -€10,487 | -11.6% |
| Other amounts receivable | 41 | €4,073 | - | -€4,073 | |
| Cash at bank and in hand | 54/58 | €125,406 | €175,471 | +€50,065 | +39.9% |
| Deferred charges and accrued income | 490/1 | €6,414 | €5,822 | -€592 | -9.2% |
| Total equity and liabilities | 10/49 | €1,865,429 | €1,785,706 | -€79,723 | -4.3% |
| Equity | 10/15 | €12,760 | €10,000 | -€2,760 | -21.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,760 | - | -€2,760 | |
| Provisions and deferred taxes | 16 | - | €231,705 | +€231,705 | |
| Provisions for liabilities and charges | 160/5 | - | €231,705 | +€231,705 | |
| Other liabilities and charges | 164/5 | - | €231,705 | +€231,705 | |
| Amounts payable | 17/49 | €1,852,669 | €1,544,001 | -€308,668 | -16.7% |
| Amounts payable after more than one year | 17 | €1,524,885 | €1,126,747 | -€398,138 | -26.1% |
| Financial debts | 170/4 | €1,524,885 | €1,126,747 | -€398,138 | -26.1% |
| Amounts payable within one year | 42/48 | €324,470 | €400,926 | +€76,456 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €41,146 | €128,164 | +€87,018 | +211.5% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €128,825 | €81,073 | -€47,752 | -37.1% |
| Suppliers | 440/4 | €128,825 | €81,073 | -€47,752 | -37.1% |
| Taxes, remuneration and social security | 45 | €25,517 | €34,952 | +€9,435 | +37.0% |
| Taxes | 450/3 | €20,778 | €23,845 | +€3,068 | +14.8% |
| Remuneration and social security | 454/9 | €4,739 | €11,107 | +€6,368 | +134.4% |
| Other amounts payable | 47/48 | €3,982 | €31,737 | +€27,755 | +697.0% |
| Accrued charges and deferred income | 492/3 | €3,314 | €16,328 | +€13,014 | +392.7% |
| Remuneration, social security and pensions | 62 | €60,185 | €88,572 | +€28,387 | +47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,686 | €111,504 | -€44,182 | -28.4% |
| Other operating charges | 640/8 | €1,566 | €998 | -€567 | -36.2% |
| Gross operating margin | 9900 | €235,615 | €310,508 | +€74,893 | +31.8% |
| Operating profit (loss) | 9901 | €18,179 | €109,433 | +€91,254 | +502.0% |
| Financial income | 75/76B | €2,169 | €15,304 | +€13,135 | +605.6% |
| Recurring financial income | 75 | €2,169 | €15,304 | +€13,135 | +605.6% |
| Financial charges | 65/66B | €120,314 | €69,187 | -€51,128 | -42.5% |
| Recurring financial charges | 65 | €120,314 | €69,187 | -€51,128 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€99,966 | €55,550 | +€155,517 | |
| Income taxes | 67/77 | €1,894 | €26,574 | +€24,680 | +1303.3% |
| Profit (loss) for the period | 9904 | -€101,860 | €28,977 | +€130,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€101,860 | €28,977 | +€130,837 |
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 12 October 2026 via checked.be.