PiperWorks: 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.
PiperWorks
Largest movements
- Cash +€39,879
up €39,879 (+54.5%), from €73,207 to €113,086
mainly Net result for the year (+€72,062) and Depreciation (+€1,331)
- Receivables within one year +€7,110
up €7,110 (+24.6%), from €28,867 to €35,977
of which Trade receivables: +€6,195
- Tangible fixed assets +€2,319
up €2,319 (+125.8%), from €1,843 to €4,162
- Profit (loss) carried forward +€72,062
up €72,062 (+96.1%), from €74,957 to €147,020
- Other debts -€23,480
down €23,480 (-97.0%), from €24,208 to €728
No income-statement line moved by more than 1% of the activity.
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 | €105,061 | €153,225 | +€48,164 | +45.8% |
| Fixed assets | 21/28 | €1,843 | €4,162 | +€2,319 | +125.8% |
| Tangible fixed assets | 22/27 | €1,843 | €4,162 | +€2,319 | +125.8% |
| Furniture and vehicles | 24 | €1,843 | €4,162 | +€2,319 | +125.8% |
| Current assets | 29/58 | €103,218 | €149,063 | +€45,846 | +44.4% |
| Amounts receivable within one year | 40/41 | €28,867 | €35,977 | +€7,110 | +24.6% |
| Trade receivables | 40 | €27,785 | €33,979 | +€6,195 | +22.3% |
| Other amounts receivable | 41 | €1,082 | €1,998 | +€916 | +84.6% |
| Cash at bank and in hand | 54/58 | €73,207 | €113,086 | +€39,879 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,144 | - | -€1,144 | |
| Total equity and liabilities | 10/49 | €105,061 | €153,225 | +€48,164 | +45.8% |
| Equity | 10/15 | €75,457 | €147,520 | +€72,062 | +95.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,957 | €147,020 | +€72,062 | +96.1% |
| Amounts payable | 17/49 | €29,604 | €5,706 | -€23,898 | -80.7% |
| Amounts payable within one year | 42/48 | €29,604 | €5,706 | -€23,898 | -80.7% |
| Trade debts | 44 | €623 | €603 | -€20 | -3.2% |
| Suppliers | 440/4 | €623 | €603 | -€20 | -3.2% |
| Taxes, remuneration and social security | 45 | €4,773 | €4,375 | -€398 | -8.3% |
| Taxes | 450/3 | €4,773 | €4,375 | -€398 | -8.3% |
| Other amounts payable | 47/48 | €24,208 | €728 | -€23,480 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,331 | +€548 | +69.9% |
| Other operating charges | 640/8 | €783 | €414 | -€369 | -47.1% |
| Gross operating margin | 9900 | €96,461 | €96,373 | -€89 | -0.1% |
| Operating profit (loss) | 9901 | €94,895 | €94,628 | -€268 | -0.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,644 | €2,387 | -€257 | -9.7% |
| Recurring financial charges | 65 | €2,644 | €2,387 | -€257 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €92,251 | €92,241 | -€10 | 0.0% |
| Income taxes | 67/77 | €19,772 | €20,179 | +€406 | +2.1% |
| Profit (loss) for the period | 9904 | €72,479 | €72,062 | -€416 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,479 | €72,062 | -€416 | -0.6% |
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 11 October 2026 via checked.be.