PIRANESI: 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.
PIRANESI
Largest movements
- Cash +€246,124
up €246,124 (+735%), from €33,497 to €279,621
mainly Net result for the year (+€756,172) and Receivables within one year (+€51,021)
- Reserves +€756,172
up €756,172 (+20.4%), from €3.7m to €4.5m
of which Distributable reserves: +€756,172
- Other debts -€570,000
down €570,000 (-29.6%), from €1.9m to €1.4m
- Financial income +€204,152
up €204,152 (+40.8%), from €500,002 to €704,154
- Gross operating margin +€53,414
up €53,414 (+48.7%), from €109,736 to €163,150
- Financial charges +€25,640
up €25,640 (+1,828%), from €1,403 to €27,043
- Staff costs +€10,369
up €10,369 (+19.4%), from €53,383 to €63,752
- Taxes +€3,609
up €3,609 (+24.0%), from €15,048 to €18,657
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 | €6,431,548 | €6,605,951 | +€174,403 | +2.7% |
| Fixed assets | 21/28 | €6,269,444 | €6,269,444 | = | 0.0% |
| Financial fixed assets | 28 | €6,269,444 | €6,269,444 | = | 0.0% |
| Current assets | 29/58 | €162,104 | €336,507 | +€174,403 | +108% |
| Amounts receivable within one year | 40/41 | €101,707 | €50,686 | -€51,021 | -50.2% |
| Trade receivables | 40 | €72,540 | €18,186 | -€54,354 | -74.9% |
| Other amounts receivable | 41 | €29,167 | €32,500 | +€3,333 | +11.4% |
| Current investments | 50/53 | €26,900 | €6,200 | -€20,700 | -77.0% |
| Cash at bank and in hand | 54/58 | €33,497 | €279,621 | +€246,124 | +735% |
| Total equity and liabilities | 10/49 | €6,431,548 | €6,605,951 | +€174,403 | +2.7% |
| Equity | 10/15 | €4,412,315 | €5,168,487 | +€756,172 | +17.1% |
| Contributions | 10/11 | €712,400 | €712,400 | = | 0.0% |
| Contributions outside capital | 11 | €712,400 | €712,400 | = | 0.0% |
| Other | 1109/19 | €712,400 | €712,400 | = | 0.0% |
| Reserves | 13 | €3,699,915 | €4,456,087 | +€756,172 | +20.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,698,055 | €4,454,227 | +€756,172 | +20.4% |
| Amounts payable | 17/49 | €2,019,233 | €1,437,464 | -€581,769 | -28.8% |
| Amounts payable within one year | 42/48 | €2,010,282 | €1,431,546 | -€578,736 | -28.8% |
| Trade debts | 44 | €56,356 | €53,683 | -€2,673 | -4.7% |
| Suppliers | 440/4 | €56,356 | €53,683 | -€2,673 | -4.7% |
| Taxes, remuneration and social security | 45 | €29,964 | €23,901 | -€6,063 | -20.2% |
| Taxes | 450/3 | €21,255 | €13,460 | -€7,795 | -36.7% |
| Remuneration and social security | 454/9 | €8,709 | €10,441 | +€1,732 | +19.9% |
| Other amounts payable | 47/48 | €1,923,962 | €1,353,962 | -€570,000 | -29.6% |
| Accrued charges and deferred income | 492/3 | €8,951 | €5,918 | -€3,033 | -33.9% |
| Remuneration, social security and pensions | 62 | €53,383 | €63,752 | +€10,369 | +19.4% |
| Other operating charges | 640/8 | €1,943 | €1,680 | -€263 | -13.5% |
| Gross operating margin | 9900 | €109,736 | €163,150 | +€53,414 | +48.7% |
| Operating profit (loss) | 9901 | €54,410 | €97,718 | +€43,308 | +79.6% |
| Financial income | 75/76B | €500,002 | €704,154 | +€204,152 | +40.8% |
| Recurring financial income | 75 | €500,002 | €704,154 | +€204,152 | +40.8% |
| Financial charges | 65/66B | €1,403 | €27,043 | +€25,640 | +1,828% |
| Recurring financial charges | 65 | €1,403 | €27,043 | +€25,640 | +1,828% |
| Profit (loss) for the period before taxes | 9903 | €553,009 | €774,829 | +€221,820 | +40.1% |
| Income taxes | 67/77 | €15,048 | €18,657 | +€3,609 | +24.0% |
| Profit (loss) for the period | 9904 | €537,961 | €756,172 | +€218,211 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €537,961 | €756,172 | +€218,211 | +40.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.