PISCIVAIR: 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.
PISCIVAIR
Largest movements
- Cash -€13,994
down €13,994 (-80.6%), from €17,365 to €3,370
mainly Net result for the year (-€13,534) and Receivables within one year (-€10,856)
- Receivables within one year +€10,856
up €10,856 (+1,146%), from €947 to €11,803
of which Trade receivables: +€11,769
- Stocks and contracts -€7,800
down €7,800 (-55.5%), from €14,050 to €6,250
- Tangible fixed assets -€1,494
no longer reported in 2025 (was €1,494)
of which Plant, machinery and equipment: -€1,017
- Profit (loss) carried forward -€13,534
down €13,534, from €4,310 to -€9,224
- Tax, wage and social debts +€1,350
up €1,350 (+730%), from €185 to €1,535
- Trade debts -€872
down €872 (-64.7%), from €1,347 to €475
- Gross operating margin +€7,130
up €7,130 (+35.8%), from -€19,941 to -€12,811
- Depreciation -€399
no longer reported in 2025 (was €399)
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 | €74,930 | €62,497 | -€12,433 | -16.6% |
| Fixed assets | 21/28 | €1,494 | - | -€1,494 | |
| Tangible fixed assets | 22/27 | €1,494 | - | -€1,494 | |
| Plant, machinery and equipment | 23 | €1,017 | - | -€1,017 | |
| Furniture and vehicles | 24 | €477 | - | -€477 | |
| Current assets | 29/58 | €73,436 | €62,497 | -€10,939 | -14.9% |
| Stocks and contracts in progress | 3 | €14,050 | €6,250 | -€7,800 | -55.5% |
| Stocks | 30/36 | €14,050 | €6,250 | -€7,800 | -55.5% |
| Amounts receivable within one year | 40/41 | €947 | €11,803 | +€10,856 | +1,146% |
| Trade receivables | 40 | €13 | €11,783 | +€11,769 | +88,825% |
| Other amounts receivable | 41 | €934 | €20 | -€913 | -97.8% |
| Current investments | 50/53 | €41,074 | €41,074 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,365 | €3,370 | -€13,994 | -80.6% |
| Total equity and liabilities | 10/49 | €74,930 | €62,497 | -€12,433 | -16.6% |
| Equity | 10/15 | €72,510 | €58,976 | -€13,534 | -18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,310 | -€9,224 | -€13,534 | |
| Amounts payable | 17/49 | €2,420 | €3,522 | +€1,101 | +45.5% |
| Amounts payable within one year | 42/48 | €2,420 | €3,522 | +€1,101 | +45.5% |
| Trade debts | 44 | €1,347 | €475 | -€872 | -64.7% |
| Suppliers | 440/4 | €1,347 | €475 | -€872 | -64.7% |
| Taxes, remuneration and social security | 45 | €185 | €1,535 | +€1,350 | +730% |
| Taxes | 450/3 | €185 | €1,535 | +€1,350 | +730% |
| Other amounts payable | 47/48 | €888 | €1,512 | +€623 | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | - | -€399 | |
| Other operating charges | 640/8 | €626 | €633 | +€6 | +1.0% |
| Gross operating margin | 9900 | -€19,941 | -€12,811 | +€7,130 | +35.8% |
| Operating profit (loss) | 9901 | -€20,967 | -€13,444 | +€7,523 | +35.9% |
| Financial income | 75/76B | €182 | €19 | -€163 | -89.3% |
| Recurring financial income | 75 | €182 | €19 | -€163 | -89.3% |
| Financial charges | 65/66B | €86 | €110 | +€24 | +28.5% |
| Recurring financial charges | 65 | €86 | €110 | +€24 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,870 | -€13,534 | +€7,336 | +35.1% |
| Profit (loss) for the period | 9904 | -€20,870 | -€13,534 | +€7,336 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,870 | -€13,534 | +€7,336 | +35.1% |
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 18 October 2026 via checked.be.