PIOTREX: 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.
PIOTREX
Largest movements
- Deferred charges and accrued income +€28,923
up €28,923 (+712.2%), from €4,061 to €32,984
- Tangible fixed assets -€2,544
down €2,544 (-26.6%), from €9,568 to €7,025
of which Furniture and vehicles: -€1,894
- Receivables within one year +€2,512
up €2,512 (+7.5%), from €33,694 to €36,206
of which Other amounts receivable: +€2,328
- Cash +€978
up €978 (+20.0%), from €4,902 to €5,880
mainly Trade debts (+€12,222) and Net result for the year (+€11,460)
- Trade debts +€12,222
up €12,222 (+204.3%), from €5,984 to €18,206
- Profit (loss) carried forward +€11,460
up €11,460 (+33.2%), from €34,552 to €46,012
- Tax, wage and social debts +€6,190
up €6,190 (+194.1%), from €3,188 to €9,378
of which Remuneration and social security: +€3,200
- Gross operating margin +€8,220
up €8,220 (+52.2%), from €15,734 to €23,955
- Taxes +€1,680
up €1,680 (+63.1%), from €2,661 to €4,341
- Financial charges -€675
down €675 (-33.6%), from €2,009 to €1,334
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 | €52,225 | €82,094 | +€29,869 | +57.2% |
| Fixed assets | 21/28 | €9,568 | €7,025 | -€2,544 | -26.6% |
| Tangible fixed assets | 22/27 | €9,568 | €7,025 | -€2,544 | -26.6% |
| Plant, machinery and equipment | 23 | €2,566 | €1,917 | -€649 | -25.3% |
| Furniture and vehicles | 24 | €7,002 | €5,108 | -€1,894 | -27.1% |
| Current assets | 29/58 | €42,657 | €75,070 | +€32,413 | +76.0% |
| Amounts receivable within one year | 40/41 | €33,694 | €36,206 | +€2,512 | +7.5% |
| Trade receivables | 40 | €29,319 | €29,504 | +€184 | +0.6% |
| Other amounts receivable | 41 | €4,375 | €6,702 | +€2,328 | +53.2% |
| Cash at bank and in hand | 54/58 | €4,902 | €5,880 | +€978 | +20.0% |
| Deferred charges and accrued income | 490/1 | €4,061 | €32,984 | +€28,923 | +712.2% |
| Total equity and liabilities | 10/49 | €52,225 | €82,094 | +€29,869 | +57.2% |
| Equity | 10/15 | €42,612 | €54,072 | +€11,460 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,552 | €46,012 | +€11,460 | +33.2% |
| Amounts payable | 17/49 | €9,613 | €28,023 | +€18,409 | +191.5% |
| Amounts payable within one year | 42/48 | €9,613 | €28,023 | +€18,409 | +191.5% |
| Current portion of amounts payable after more than one year | 42 | €441 | €439 | -€3 | -0.6% |
| Trade debts | 44 | €5,984 | €18,206 | +€12,222 | +204.3% |
| Suppliers | 440/4 | €5,984 | €18,206 | +€12,222 | +204.3% |
| Taxes, remuneration and social security | 45 | €3,188 | €9,378 | +€6,190 | +194.1% |
| Taxes | 450/3 | €3,188 | €6,178 | +€2,990 | +93.8% |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Non-recurring operating income | 76A | - | €2,497 | +€2,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,258 | €5,306 | +€48 | +0.9% |
| Other operating charges | 640/8 | €1,794 | €1,647 | -€147 | -8.2% |
| Gross operating margin | 9900 | €15,734 | €23,955 | +€8,220 | +52.2% |
| Operating profit (loss) | 9901 | €8,683 | €17,002 | +€8,319 | +95.8% |
| Financial income | 75/76B | - | €133 | +€133 | |
| Recurring financial income | 75 | - | €133 | +€133 | |
| Financial charges | 65/66B | €2,009 | €1,334 | -€675 | -33.6% |
| Recurring financial charges | 65 | €2,009 | €1,334 | -€675 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €6,674 | €15,801 | +€9,127 | +136.8% |
| Income taxes | 67/77 | €2,661 | €4,341 | +€1,680 | +63.1% |
| Profit (loss) for the period | 9904 | €4,013 | €11,460 | +€7,447 | +185.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,013 | €11,460 | +€7,447 | +185.6% |
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 5 October 2026 via checked.be.