PIROZZI: what changed
Two fiscal 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.
PIROZZI
Largest movements
- Cash +€8,581
up €8,581 (+112.9%), from €7,598 to €16,180
mainly Net result for the year (+€16,735) and Trade debts (+€5,330)
- Receivables within one year +€2,240
up €2,240 (+6.3%), from €35,563 to €37,803
of which Trade receivables: +€3,523
- Tangible fixed assets -€1,696
down €1,696 (-18.7%), from €9,074 to €7,378
of which Furniture and vehicles: -€1,267
- Deferred charges and accrued income -€1,214
down €1,214 (-30.2%), from €4,022 to €2,809
- Trade debts +€5,330
up €5,330 (+213.3%), from €2,499 to €7,829
- Tax, wage and social debts -€2,483
down €2,483 (-15.8%), from €15,725 to €13,242
of which Remuneration and social security: -€2,817
- Other debts +€2,387
up €2,387 (+1416.6%), from €169 to €2,556
- Debts after one year +€1,448
new in 2025: €1,448
- Current portion of long-term debt +€1,392
up €1,392 (+107.8%), from €1,292 to €2,684
- Gross operating margin -€2,624
down €2,624 (-8.0%), from €32,663 to €30,040
- Depreciation -€450
down €450 (-10.1%), from €4,458 to €4,008
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 | €56,357 | €64,226 | +€7,868 | +14.0% |
| Fixed assets | 21/28 | €9,174 | €7,434 | -€1,739 | -19.0% |
| Tangible fixed assets | 22/27 | €9,074 | €7,378 | -€1,696 | -18.7% |
| Furniture and vehicles | 24 | €6,059 | €4,792 | -€1,267 | -20.9% |
| Other tangible fixed assets | 26 | €3,015 | €2,586 | -€429 | -14.2% |
| Financial fixed assets | 28 | €100 | €56 | -€44 | -43.5% |
| Current assets | 29/58 | €47,184 | €56,791 | +€9,608 | +20.4% |
| Amounts receivable within one year | 40/41 | €35,563 | €37,803 | +€2,240 | +6.3% |
| Trade receivables | 40 | €34,280 | €37,803 | +€3,523 | +10.3% |
| Other amounts receivable | 41 | €1,283 | €0 | -€1,283 | -100.0% |
| Cash at bank and in hand | 54/58 | €7,598 | €16,180 | +€8,581 | +112.9% |
| Deferred charges and accrued income | 490/1 | €4,022 | €2,809 | -€1,214 | -30.2% |
| Total equity and liabilities | 10/49 | €56,357 | €64,226 | +€7,868 | +14.0% |
| Equity | 10/15 | €36,673 | €36,055 | -€618 | -1.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,673 | €25,055 | -€618 | -2.4% |
| Amounts payable | 17/49 | €19,684 | €28,171 | +€8,487 | +43.1% |
| Amounts payable after more than one year | 17 | - | €1,448 | +€1,448 | |
| Financial debts | 170/4 | - | €1,448 | +€1,448 | |
| Amounts payable within one year | 42/48 | €19,684 | €26,311 | +€6,627 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €1,292 | €2,684 | +€1,392 | +107.8% |
| Trade debts | 44 | €2,499 | €7,829 | +€5,330 | +213.3% |
| Suppliers | 440/4 | €2,499 | €7,829 | +€5,330 | +213.3% |
| Taxes, remuneration and social security | 45 | €15,725 | €13,242 | -€2,483 | -15.8% |
| Taxes | 450/3 | €12,908 | €13,242 | +€334 | +2.6% |
| Remuneration and social security | 454/9 | €2,817 | €0 | -€2,817 | -100.0% |
| Other amounts payable | 47/48 | €169 | €2,556 | +€2,387 | +1416.6% |
| Accrued charges and deferred income | 492/3 | €0 | €412 | +€412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,458 | €4,008 | -€450 | -10.1% |
| Other operating charges | 640/8 | €1,134 | €1,396 | +€263 | +23.2% |
| Gross operating margin | 9900 | €32,663 | €30,040 | -€2,624 | -8.0% |
| Operating profit (loss) | 9901 | €27,072 | €24,635 | -€2,436 | -9.0% |
| Financial income | 75/76B | €0 | €6 | +€6 | |
| Recurring financial income | 75 | €0 | €6 | +€6 | |
| Financial charges | 65/66B | €921 | €840 | -€81 | -8.8% |
| Recurring financial charges | 65 | €921 | €840 | -€81 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €26,150 | €23,801 | -€2,350 | -9.0% |
| Income taxes | 67/77 | €6,764 | €7,066 | +€302 | +4.5% |
| Profit (loss) for the period | 9904 | €19,387 | €16,735 | -€2,652 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,387 | €16,735 | -€2,652 | -13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.