PiperWin: 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.
PiperWin
Largest movements
- Cash -€11,870
down €11,870 (-99.8%), from €11,899 to €29
mainly Net result for the year (-€19,857) and Tax, wage and social debts (-€7,765)
- Tangible fixed assets -€9,358
down €9,358 (-27.0%), from €34,606 to €25,248
of which Furniture and vehicles: -€9,358
- Receivables within one year -€7,007
down €7,007 (-33.9%), from €20,646 to €13,639
of which Trade receivables: -€11,770
- Deferred charges and accrued income +€2,078
up €2,078 (+42.5%), from €4,886 to €6,964
- Profit (loss) carried forward -€19,857
down €19,857 (-38.3%), from €51,900 to €32,043
- Tax, wage and social debts -€7,765
down €7,765 (-67.4%), from €11,526 to €3,760
- Trade debts +€1,465
up €1,465 (+37.4%), from €3,914 to €5,380
- Gross operating margin -€59,536
down €59,536, from €49,684 to -€9,852
- Taxes -€8,303
down €8,303 (-98.2%), from €8,453 to €150
- Financial income -€1,839
down €1,839 (-90.0%), from €2,044 to €205
- Depreciation -€582
down €582 (-5.9%), from €9,940 to €9,358
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 | €72,340 | €46,183 | -€26,157 | -36.2% |
| Fixed assets | 21/28 | €34,909 | €25,551 | -€9,358 | -26.8% |
| Tangible fixed assets | 22/27 | €34,606 | €25,248 | -€9,358 | -27.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €34,606 | €25,248 | -€9,358 | -27.0% |
| Financial fixed assets | 28 | €303 | €303 | = | 0.0% |
| Current assets | 29/58 | €37,431 | €20,631 | -€16,800 | -44.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €20,646 | €13,639 | -€7,007 | -33.9% |
| Trade receivables | 40 | €17,696 | €5,926 | -€11,770 | -66.5% |
| Other amounts receivable | 41 | €2,950 | €7,713 | +€4,763 | +161% |
| Cash at bank and in hand | 54/58 | €11,899 | €29 | -€11,870 | -99.8% |
| Deferred charges and accrued income | 490/1 | €4,886 | €6,964 | +€2,078 | +42.5% |
| Total equity and liabilities | 10/49 | €72,340 | €46,183 | -€26,157 | -36.2% |
| Equity | 10/15 | €56,900 | €37,043 | -€19,857 | -34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,900 | €32,043 | -€19,857 | -38.3% |
| Amounts payable | 17/49 | €15,440 | €9,140 | -€6,300 | -40.8% |
| Amounts payable within one year | 42/48 | €15,440 | €9,140 | -€6,300 | -40.8% |
| Trade debts | 44 | €3,914 | €5,380 | +€1,465 | +37.4% |
| Suppliers | 440/4 | €3,914 | €5,380 | +€1,465 | +37.4% |
| Taxes, remuneration and social security | 45 | €11,526 | €3,760 | -€7,765 | -67.4% |
| Taxes | 450/3 | €11,526 | €3,760 | -€7,765 | -67.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,940 | €9,358 | -€582 | -5.9% |
| Other operating charges | 640/8 | €285 | €569 | +€284 | +99.4% |
| Gross operating margin | 9900 | €49,684 | -€9,852 | -€59,536 | |
| Operating profit (loss) | 9901 | €39,458 | -€19,779 | -€59,237 | |
| Financial income | 75/76B | €2,044 | €205 | -€1,839 | -90.0% |
| Recurring financial income | 75 | €2,044 | €205 | -€1,839 | -90.0% |
| Financial charges | 65/66B | €135 | €133 | -€2 | -1.6% |
| Recurring financial charges | 65 | €135 | €133 | -€2 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €41,367 | -€19,707 | -€61,074 | |
| Income taxes | 67/77 | €8,453 | €150 | -€8,303 | -98.2% |
| Profit (loss) for the period | 9904 | €32,914 | -€19,857 | -€52,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,914 | -€19,857 | -€52,771 |
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 17 October 2026 via checked.be.