PIRANEA: 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.
PIRANEA
Largest movements
- Tangible fixed assets -€843,937
down €843,937 (-61.7%), from €1.4m to €523,027
- Cash +€747,021
new in 2025: €747,021
mainly Investment in fixed assets (net) (+€833,640) and Net result for the year (+€778,927)
- Receivables within one year +€254,686
up €254,686 (+80.6%), from €315,985 to €570,671
of which Other amounts receivable: +€162,604
- Reserves +€778,927
up €778,927 (+222.0%), from €350,870 to €1.1m
- Debts after one year -€553,784
no longer reported in 2025 (was €553,784)
- Current portion of long-term debt -€129,764
no longer reported in 2025 (was €129,764)
- Other debts +€60,675
up €60,675 (+12.3%), from €493,867 to €554,542
- Tax, wage and social debts +€33,265
up €33,265 (+202.6%), from €16,419 to €49,684
- Gross operating margin +€983,182
up €983,182 (+806.2%), from €121,959 to €1.1m
- Taxes +€265,509
up €265,509 (+7231.4%), from €3,672 to €269,181
- Depreciation -€66,790
down €66,790 (-86.6%), from €77,086 to €10,297
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 | €1,683,438 | €1,842,351 | +€158,913 | +9.4% |
| Fixed assets | 21/28 | €1,366,964 | €523,027 | -€843,937 | -61.7% |
| Tangible fixed assets | 22/27 | €1,366,964 | €523,027 | -€843,937 | -61.7% |
| Land and buildings | 22 | €1,366,964 | €523,027 | -€843,937 | -61.7% |
| Current assets | 29/58 | €316,474 | €1,319,324 | +€1.0m | +316.9% |
| Amounts receivable within one year | 40/41 | €315,985 | €570,671 | +€254,686 | +80.6% |
| Trade receivables | 40 | €210,687 | €302,769 | +€92,082 | +43.7% |
| Other amounts receivable | 41 | €105,298 | €267,901 | +€162,604 | +154.4% |
| Cash at bank and in hand | 54/58 | - | €747,021 | +€747,021 | |
| Deferred charges and accrued income | 490/1 | €489 | €1,632 | +€1,143 | +233.7% |
| Total equity and liabilities | 10/49 | €1,683,438 | €1,842,351 | +€158,913 | +9.4% |
| Equity | 10/15 | €357,870 | €1,136,797 | +€778,927 | +217.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €350,870 | €1,129,797 | +€778,927 | +222.0% |
| Distributable reserves | 133 | €350,870 | €1,129,797 | +€778,927 | +222.0% |
| Amounts payable | 17/49 | €1,325,568 | €705,554 | -€620,014 | -46.8% |
| Amounts payable after more than one year | 17 | €553,784 | - | -€553,784 | |
| Financial debts | 170/4 | €553,784 | - | -€553,784 | |
| Amounts payable within one year | 42/48 | €680,351 | €616,440 | -€63,911 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €129,764 | - | -€129,764 | |
| Trade debts | 44 | €40,301 | €12,214 | -€28,088 | -69.7% |
| Suppliers | 440/4 | €40,301 | €12,214 | -€28,088 | -69.7% |
| Taxes, remuneration and social security | 45 | €16,419 | €49,684 | +€33,265 | +202.6% |
| Taxes | 450/3 | €16,419 | €49,684 | +€33,265 | +202.6% |
| Other amounts payable | 47/48 | €493,867 | €554,542 | +€60,675 | +12.3% |
| Accrued charges and deferred income | 492/3 | €91,433 | €89,114 | -€2,319 | -2.5% |
| Non-recurring operating income | 76A | - | €1,092,360 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,086 | €10,297 | -€66,790 | -86.6% |
| Other operating charges | 640/8 | €26,178 | €34,247 | +€8,069 | +30.8% |
| Gross operating margin | 9900 | €121,959 | €1,105,141 | +€983,182 | +806.2% |
| Operating profit (loss) | 9901 | €18,695 | €1,060,597 | +€1.0m | +5573.2% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €9,592 | €12,789 | +€3,197 | +33.3% |
| Recurring financial charges | 65 | €9,592 | €12,789 | +€3,197 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €9,103 | €1,048,108 | +€1.0m | +11414.0% |
| Income taxes | 67/77 | €3,672 | €269,181 | +€265,509 | +7231.4% |
| Profit (loss) for the period | 9904 | €5,431 | €778,927 | +€773,496 | +14241.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,431 | €778,927 | +€773,496 | +14241.4% |
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 10 October 2026 via checked.be.