PISO REAL ESTATES: 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.
PISO REAL ESTATES
Largest movements
- Current investments -€386,294
down €386,294 (-100%), from €386,294 to €0
- Cash -€31,501
down €31,501 (-15.6%), from €202,025 to €170,525
mainly Debts after one year (-€556,083)
- Debts after one year -€556,083
down €556,083 (-16.5%), from €3.4m to €2.8m
of which Other amounts payable: -€548,814
- Profit (loss) carried forward +€135,660
up €135,660 (+7.4%), from -€1.8m to -€1.7m
- Other operating charges -€19,266
down €19,266 (-57.3%), from €33,611 to €14,345
- Financial income +€15,898
new in 2025: €15,898
- Financial charges +€3,442
up €3,442 (+247%), from €1,391 to €4,832
- Gross operating margin -€1,885
down €1,885 (-1.3%), from €140,824 to €138,939
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 | €2,553,344 | €2,135,745 | -€417,599 | -16.4% |
| Fixed assets | 21/28 | €1,961,833 | €1,961,833 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,961,573 | €1,961,573 | = | 0.0% |
| Land and buildings | 22 | €1,961,573 | €1,961,573 | = | 0.0% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €591,511 | €173,912 | -€417,599 | -70.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €386,294 | €0 | -€386,294 | -100% |
| Cash at bank and in hand | 54/58 | €202,025 | €170,525 | -€31,501 | -15.6% |
| Deferred charges and accrued income | 490/1 | €3,191 | €3,387 | +€196 | +6.1% |
| Total equity and liabilities | 10/49 | €2,553,344 | €2,135,745 | -€417,599 | -16.4% |
| Equity | 10/15 | -€827,731 | -€692,071 | +€135,660 | +16.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,827,731 | -€1,692,071 | +€135,660 | +7.4% |
| Amounts payable | 17/49 | €3,381,074 | €2,827,816 | -€553,259 | -16.4% |
| Amounts payable after more than one year | 17 | €3,368,580 | €2,812,497 | -€556,083 | -16.5% |
| Financial debts | 170/4 | €126,834 | €119,565 | -€7,269 | -5.7% |
| Other amounts payable | 178/9 | €3,241,746 | €2,692,932 | -€548,814 | -16.9% |
| Amounts payable within one year | 42/48 | €10,494 | €11,363 | +€868 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €7,021 | €7,269 | +€248 | +3.5% |
| Trade debts | 44 | €444 | €1,064 | +€620 | +140% |
| Suppliers | 440/4 | €444 | €1,064 | +€620 | +140% |
| Other amounts payable | 47/48 | €3,030 | €3,030 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,956 | +€1,956 | +97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €33,611 | €14,345 | -€19,266 | -57.3% |
| Gross operating margin | 9900 | €140,824 | €138,939 | -€1,885 | -1.3% |
| Operating profit (loss) | 9901 | €107,213 | €124,594 | +€17,381 | +16.2% |
| Financial income | 75/76B | - | €15,898 | +€15,898 | |
| Recurring financial income | 75 | - | €15,898 | +€15,898 | |
| Financial charges | 65/66B | €1,391 | €4,832 | +€3,442 | +247% |
| Recurring financial charges | 65 | €1,391 | €4,832 | +€3,442 | +247% |
| Profit (loss) for the period before taxes | 9903 | €105,822 | €135,660 | +€29,837 | +28.2% |
| Profit (loss) for the period | 9904 | €105,822 | €135,660 | +€29,837 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,822 | €135,660 | +€29,837 | +28.2% |
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 16 October 2026 via checked.be.