PISCINAT: 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.
PISCINAT
Largest movements
- Receivables within one year +€107,204
up €107,204 (+178%), from €60,277 to €167,481
of which Trade receivables: +€120,223
- Cash -€92,201
down €92,201 (-11.5%), from €802,336 to €710,135
mainly Contributions, distributions and other (-€354,955) and Receivables within one year (-€107,204)
- Tangible fixed assets -€25,270
down €25,270 (-6.2%), from €406,159 to €380,889
of which Land and buildings: -€17,576
- Reserves -€281,048
down €281,048 (-27.5%), from €1.0m to €740,757
of which Distributable reserves: -€241,053
- Other debts +€224,593
up €224,593 (+640%), from €35,075 to €259,668
- Trade debts +€93,180
up €93,180 (+220%), from €42,264 to €135,444
- Debts after one year -€30,661
down €30,661 (-13.7%), from €223,586 to €192,925
- Gross operating margin +€89,652
up €89,652 (+24.4%), from €367,916 to €457,567
- Staff costs +€29,955
up €29,955 (+11.2%), from €268,042 to €297,997
- Taxes +€16,861
up €16,861 (+90.5%), from €18,640 to €35,501
- Depreciation +€6,654
up €6,654 (+21.7%), from €30,654 to €37,307
- Other operating charges +€5,227
up €5,227 (+69.2%), from €7,556 to €12,783
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 | €1,418,216 | €1,421,990 | +€3,774 | +0.3% |
| Fixed assets | 21/28 | €406,209 | €380,939 | -€25,270 | -6.2% |
| Tangible fixed assets | 22/27 | €406,159 | €380,889 | -€25,270 | -6.2% |
| Land and buildings | 22 | €338,491 | €320,914 | -€17,576 | -5.2% |
| Plant, machinery and equipment | 23 | €46,756 | €39,317 | -€7,439 | -15.9% |
| Furniture and vehicles | 24 | €20,912 | €20,657 | -€255 | -1.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,012,007 | €1,041,051 | +€29,044 | +2.9% |
| Stocks and contracts in progress | 3 | €138,095 | €145,203 | +€7,108 | +5.1% |
| Stocks | 30/36 | €138,095 | €145,203 | +€7,108 | +5.1% |
| Amounts receivable within one year | 40/41 | €60,277 | €167,481 | +€107,204 | +178% |
| Trade receivables | 40 | €37,054 | €157,277 | +€120,223 | +324% |
| Other amounts receivable | 41 | €23,223 | €10,205 | -€13,019 | -56.1% |
| Cash at bank and in hand | 54/58 | €802,336 | €710,135 | -€92,201 | -11.5% |
| Deferred charges and accrued income | 490/1 | €11,299 | €18,232 | +€6,933 | +61.4% |
| Total equity and liabilities | 10/49 | €1,418,216 | €1,421,990 | +€3,774 | +0.3% |
| Equity | 10/15 | €1,040,405 | €759,357 | -€281,048 | -27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,021,805 | €740,757 | -€281,048 | -27.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,995 | - | -€39,995 | |
| Distributable reserves | 133 | €979,950 | €738,897 | -€241,053 | -24.6% |
| Amounts payable | 17/49 | €377,811 | €662,633 | +€284,822 | +75.4% |
| Amounts payable after more than one year | 17 | €223,586 | €192,925 | -€30,661 | -13.7% |
| Financial debts | 170/4 | €223,586 | €192,925 | -€30,661 | -13.7% |
| Amounts payable within one year | 42/48 | €154,225 | €469,709 | +€315,483 | +205% |
| Current portion of amounts payable after more than one year | 42 | €30,173 | €30,661 | +€489 | +1.6% |
| Trade debts | 44 | €42,264 | €135,444 | +€93,180 | +220% |
| Suppliers | 440/4 | €42,264 | €135,444 | +€93,180 | +220% |
| Taxes, remuneration and social security | 45 | €46,714 | €43,935 | -€2,779 | -5.9% |
| Taxes | 450/3 | €12,304 | €13,295 | +€991 | +8.1% |
| Remuneration and social security | 454/9 | €34,411 | €30,641 | -€3,770 | -11.0% |
| Other amounts payable | 47/48 | €35,075 | €259,668 | +€224,593 | +640% |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Remuneration, social security and pensions | 62 | €268,042 | €297,997 | +€29,955 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,654 | €37,307 | +€6,654 | +21.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,525 | +€2,525 | |
| Other operating charges | 640/8 | €7,556 | €12,783 | +€5,227 | +69.2% |
| Gross operating margin | 9900 | €367,916 | €457,567 | +€89,652 | +24.4% |
| Operating profit (loss) | 9901 | €61,664 | €106,954 | +€45,290 | +73.4% |
| Financial income | 75/76B | €9,632 | €9,790 | +€158 | +1.6% |
| Recurring financial income | 75 | €9,632 | €9,790 | +€158 | +1.6% |
| Financial charges | 65/66B | €8,049 | €7,337 | -€713 | -8.9% |
| Recurring financial charges | 65 | €7,589 | €7,337 | -€252 | -3.3% |
| Non-recurring financial charges | 66B | €461 | - | -€461 | |
| Profit (loss) for the period before taxes | 9903 | €63,247 | €109,407 | +€46,161 | +73.0% |
| Income taxes | 67/77 | €18,640 | €35,501 | +€16,861 | +90.5% |
| Profit (loss) for the period | 9904 | €44,607 | €73,906 | +€29,299 | +65.7% |
| Transfer from tax-exempt reserves | 789 | - | €39,995 | +€39,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,607 | €113,901 | +€69,294 | +155% |
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 30 October 2026 via checked.be.