PISEACH!: 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.
PISEACH!
Largest movements
- Tangible fixed assets -€7,893
down €7,893 (-14.6%), from €54,070 to €46,177
of which Plant, machinery and equipment: -€5,632
- Receivables within one year +€7,510
up €7,510 (+38.2%), from €19,661 to €27,171
of which Trade receivables: +€13,185
- Deferred charges and accrued income +€3,527
up €3,527 (+415.0%), from €850 to €4,376
- Trade debts -€25,292
down €25,292 (-51.6%), from €49,040 to €23,748
- Other debts +€20,817
up €20,817 (+83.9%), from €24,814 to €45,631
- Current portion of long-term debt -€11,009
down €11,009 (-54.1%), from €20,338 to €9,328
- Debts after one year +€10,252
up €10,252 (+158.2%), from €6,481 to €16,733
- Short-term financial debts +€9,027
up €9,027 (+5460.6%), from €165 to €9,192
- Financial charges +€1,475
up €1,475 (+46.1%), from €3,202 to €4,677
- Depreciation +€1,127
up €1,127 (+14.9%), from €7,567 to €8,693
- Gross operating margin -€422
down €422 (-3.3%), from €12,649 to €12,227
- Taxes +€257
up €257 (+24.2%), from €1,064 to €1,321
- Financial income -€147
down €147 (-64.9%), from €227 to €80
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 | €136,065 | €139,519 | +€3,454 | +2.5% |
| Fixed assets | 21/28 | €64,964 | €56,271 | -€8,693 | -13.4% |
| Intangible fixed assets | 21 | €7,373 | €6,573 | -€800 | -10.9% |
| Tangible fixed assets | 22/27 | €54,070 | €46,177 | -€7,893 | -14.6% |
| Plant, machinery and equipment | 23 | €39,125 | €33,493 | -€5,632 | -14.4% |
| Furniture and vehicles | 24 | €5,059 | €3,859 | -€1,200 | -23.7% |
| Other tangible fixed assets | 26 | €9,885 | €8,825 | -€1,061 | -10.7% |
| Financial fixed assets | 28 | €3,521 | €3,521 | = | 0.0% |
| Current assets | 29/58 | €71,101 | €83,248 | +€12,147 | +17.1% |
| Stocks and contracts in progress | 3 | €50,292 | €51,435 | +€1,143 | +2.3% |
| Stocks | 30/36 | €50,292 | €51,435 | +€1,143 | +2.3% |
| Amounts receivable within one year | 40/41 | €19,661 | €27,171 | +€7,510 | +38.2% |
| Trade receivables | 40 | €13,952 | €27,138 | +€13,185 | +94.5% |
| Other amounts receivable | 41 | €5,709 | €33 | -€5,675 | -99.4% |
| Cash at bank and in hand | 54/58 | €298 | €265 | -€33 | -11.0% |
| Deferred charges and accrued income | 490/1 | €850 | €4,376 | +€3,527 | +415.0% |
| Total equity and liabilities | 10/49 | €136,065 | €139,519 | +€3,454 | +2.5% |
| Equity | 10/15 | €35,227 | €31,938 | -€3,289 | -9.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €35,226 | €35,226 | = | 0.0% |
| Distributable reserves | 133 | €35,226 | €35,226 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,289 | -€3,289 | |
| Amounts payable | 17/49 | €100,839 | €107,581 | +€6,742 | +6.7% |
| Amounts payable after more than one year | 17 | €6,481 | €16,733 | +€10,252 | +158.2% |
| Financial debts | 170/4 | €6,481 | €16,733 | +€10,252 | +158.2% |
| Amounts payable within one year | 42/48 | €94,357 | €90,848 | -€3,510 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,338 | €9,328 | -€11,009 | -54.1% |
| Financial debts | 43 | €165 | €9,192 | +€9,027 | +5460.6% |
| Credit institutions | 430/8 | €165 | €9,192 | +€9,027 | +5460.6% |
| Trade debts | 44 | €49,040 | €23,748 | -€25,292 | -51.6% |
| Suppliers | 440/4 | €49,040 | €23,748 | -€25,292 | -51.6% |
| Taxes, remuneration and social security | 45 | €0 | €2,948 | +€2,948 | +1052917.9% |
| Taxes | 450/3 | €0 | €2,948 | +€2,948 | +1052917.9% |
| Other amounts payable | 47/48 | €24,814 | €45,631 | +€20,817 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,567 | €8,693 | +€1,127 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18 | +€18 | |
| Other operating charges | 640/8 | €850 | €886 | +€37 | +4.3% |
| Gross operating margin | 9900 | €12,649 | €12,227 | -€422 | -3.3% |
| Operating profit (loss) | 9901 | €4,233 | €2,630 | -€1,603 | -37.9% |
| Financial income | 75/76B | €227 | €80 | -€147 | -64.9% |
| Recurring financial income | 75 | €227 | €80 | -€147 | -64.9% |
| Financial charges | 65/66B | €3,202 | €4,677 | +€1,475 | +46.1% |
| Recurring financial charges | 65 | €3,202 | €4,677 | +€1,475 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €1,258 | -€1,967 | -€3,225 | |
| Income taxes | 67/77 | €1,064 | €1,321 | +€257 | +24.2% |
| Profit (loss) for the period | 9904 | €194 | -€3,289 | -€3,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €194 | -€3,289 | -€3,482 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.