PIOUPIOU: 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.
PIOUPIOU
Largest movements
- Tangible fixed assets -€29,596
down €29,596 (-6.5%), from €453,662 to €424,066
of which Land and buildings: -€26,559
- Receivables within one year -€15,317
down €15,317 (-8.0%), from €191,710 to €176,393
of which Other amounts receivable: -€67,784
- Profit (loss) carried forward -€68,924
down €68,924 (-58.9%), from €116,985 to €48,061
- Debts after one year -€65,129
down €65,129 (-15.0%), from €434,350 to €369,221
of which Financial debts: -€48,103
- Trade debts +€45,926
up €45,926 (+358%), from €12,829 to €58,755
- Tax, wage and social debts +€22,910
up €22,910 (+81.5%), from €28,096 to €51,006
of which Taxes: +€24,810
- Contributions +€11,000
up €11,000 (+177%), from €6,200 to €17,200
- Gross operating margin +€59,558
up €59,558 (+35.1%), from €169,906 to €229,464
- Staff costs +€17,873
up €17,873 (+30.4%), from €58,805 to €76,677
- Taxes +€9,884
up €9,884 (+63.4%), from €15,579 to €25,464
- Depreciation -€3,279
down €3,279 (-5.7%), from €58,010 to €54,731
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 | €653,838 | €602,729 | -€51,108 | -7.8% |
| Fixed assets | 21/28 | €453,762 | €424,166 | -€29,596 | -6.5% |
| Tangible fixed assets | 22/27 | €453,662 | €424,066 | -€29,596 | -6.5% |
| Land and buildings | 22 | €421,144 | €394,584 | -€26,559 | -6.3% |
| Plant, machinery and equipment | 23 | €3,719 | €5,662 | +€1,943 | +52.2% |
| Furniture and vehicles | 24 | €28,799 | €23,820 | -€4,979 | -17.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €200,076 | €178,563 | -€21,513 | -10.8% |
| Amounts receivable within one year | 40/41 | €191,710 | €176,393 | -€15,317 | -8.0% |
| Trade receivables | 40 | €34,409 | €86,876 | +€52,467 | +152% |
| Other amounts receivable | 41 | €157,301 | €89,516 | -€67,784 | -43.1% |
| Cash at bank and in hand | 54/58 | €7,140 | €798 | -€6,342 | -88.8% |
| Deferred charges and accrued income | 490/1 | €1,226 | €1,372 | +€146 | +11.9% |
| Total equity and liabilities | 10/49 | €653,838 | €602,729 | -€51,108 | -7.8% |
| Equity | 10/15 | €125,045 | €67,121 | -€57,924 | -46.3% |
| Contributions | 10/11 | €6,200 | €17,200 | +€11,000 | +177% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,985 | €48,061 | -€68,924 | -58.9% |
| Amounts payable | 17/49 | €528,792 | €535,608 | +€6,816 | +1.3% |
| Amounts payable after more than one year | 17 | €434,350 | €369,221 | -€65,129 | -15.0% |
| Financial debts | 170/4 | €376,523 | €328,421 | -€48,103 | -12.8% |
| Other amounts payable | 178/9 | €57,827 | €40,800 | -€17,027 | -29.4% |
| Amounts payable within one year | 42/48 | €94,442 | €162,446 | +€68,004 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €53,517 | €48,103 | -€5,415 | -10.1% |
| Financial debts | 43 | - | €4,583 | +€4,583 | |
| Credit institutions | 430/8 | - | €4,583 | +€4,583 | |
| Trade debts | 44 | €12,829 | €58,755 | +€45,926 | +358% |
| Suppliers | 440/4 | €12,829 | €58,755 | +€45,926 | +358% |
| Taxes, remuneration and social security | 45 | €28,096 | €51,006 | +€22,910 | +81.5% |
| Taxes | 450/3 | €21,394 | €46,204 | +€24,810 | +116% |
| Remuneration and social security | 454/9 | €6,702 | €4,802 | -€1,900 | -28.3% |
| Accrued charges and deferred income | 492/3 | - | €3,941 | +€3,941 | |
| Remuneration, social security and pensions | 62 | €58,805 | €76,677 | +€17,873 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,010 | €54,731 | -€3,279 | -5.7% |
| Other operating charges | 640/8 | €3,894 | €4,066 | +€173 | +4.4% |
| Non-recurring operating charges | 66A | - | €7,808 | +€7,808 | |
| Gross operating margin | 9900 | €169,906 | €229,464 | +€59,558 | +35.1% |
| Operating profit (loss) | 9901 | €49,198 | €86,182 | +€36,983 | +75.2% |
| Financial income | 75/76B | €7,001 | €5,980 | -€1,020 | -14.6% |
| Recurring financial income | 75 | €7,001 | €5,980 | -€1,020 | -14.6% |
| Financial charges | 65/66B | €12,238 | €10,871 | -€1,367 | -11.2% |
| Recurring financial charges | 65 | €12,238 | €10,871 | -€1,367 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €43,961 | €81,291 | +€37,330 | +84.9% |
| Income taxes | 67/77 | €15,579 | €25,464 | +€9,884 | +63.4% |
| Profit (loss) for the period | 9904 | €28,382 | €55,827 | +€27,446 | +96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,382 | €55,827 | +€27,446 | +96.7% |
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 20 October 2026 via checked.be.