Pistons: 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.
Pistons
Largest movements
- Receivables within one year -€70,362
down €70,362 (-6.4%), from €1.1m to €1.0m
of which Trade receivables: -€90,000
- Reserves +€761,742
up €761,742 (+4489.7%), from €16,966 to €778,708
of which Distributable reserves: +€761,742
- Other debts -€740,637
down €740,637 (-68.7%), from €1.1m to €337,832
- Trade debts -€97,161
no longer reported in 2025 (was €97,161)
- Financial income +€751,645
up €751,645 (+3877.8%), from €19,383 to €771,029
- Financial charges -€12,577
down €12,577 (-18.5%), from €67,873 to €55,296
- Taxes +€2,806
up €2,806 (+288.6%), from €972 to €3,779
- Gross operating margin -€2,592
down €2,592 (-4.9%), from €52,379 to €49,787
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 | €4,508,739 | €4,477,209 | -€31,531 | -0.7% |
| Fixed assets | 21/28 | €3,310,000 | €3,310,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,310,000 | €3,310,000 | = | 0.0% |
| Current assets | 29/58 | €1,198,739 | €1,167,209 | -€31,531 | -2.6% |
| Amounts receivable within one year | 40/41 | €1,096,598 | €1,026,236 | -€70,362 | -6.4% |
| Trade receivables | 40 | €90,000 | - | -€90,000 | |
| Other amounts receivable | 41 | €1,006,598 | €1,026,236 | +€19,638 | +2.0% |
| Cash at bank and in hand | 54/58 | €100,922 | €139,965 | +€39,043 | +38.7% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,008 | -€212 | -17.4% |
| Total equity and liabilities | 10/49 | €4,508,739 | €4,477,209 | -€31,531 | -0.7% |
| Equity | 10/15 | €1,296,966 | €2,058,708 | +€761,742 | +58.7% |
| Contributions | 10/11 | €1,280,000 | €1,280,000 | = | 0.0% |
| Reserves | 13 | €16,966 | €778,708 | +€761,742 | +4489.7% |
| Non-distributable reserves | 130/1 | €3,395 | €3,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,395 | €3,395 | = | 0.0% |
| Distributable reserves | 133 | €13,572 | €775,313 | +€761,742 | +5612.7% |
| Amounts payable | 17/49 | €3,211,773 | €2,418,501 | -€793,272 | -24.7% |
| Amounts payable after more than one year | 17 | €2,032,326 | €2,072,972 | +€40,647 | +2.0% |
| Other amounts payable | 178/9 | €2,032,326 | €2,072,972 | +€40,647 | +2.0% |
| Amounts payable within one year | 42/48 | €1,179,447 | €345,528 | -€833,919 | -70.7% |
| Trade debts | 44 | €97,161 | - | -€97,161 | |
| Suppliers | 440/4 | €97,161 | - | -€97,161 | |
| Taxes, remuneration and social security | 45 | €3,818 | €7,697 | +€3,878 | +101.6% |
| Taxes | 450/3 | €3,818 | €7,697 | +€3,878 | +101.6% |
| Other amounts payable | 47/48 | €1,078,468 | €337,832 | -€740,637 | -68.7% |
| Gross operating margin | 9900 | €52,379 | €49,787 | -€2,592 | -4.9% |
| Operating profit (loss) | 9901 | €52,379 | €49,787 | -€2,592 | -4.9% |
| Financial income | 75/76B | €19,383 | €771,029 | +€751,645 | +3877.8% |
| Recurring financial income | 75 | €19,383 | €771,029 | +€751,645 | +3877.8% |
| Financial charges | 65/66B | €67,873 | €55,296 | -€12,577 | -18.5% |
| Recurring financial charges | 65 | €67,873 | €55,296 | -€12,577 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €3,889 | €765,520 | +€761,631 | +19581.8% |
| Income taxes | 67/77 | €972 | €3,779 | +€2,806 | +288.6% |
| Profit (loss) for the period | 9904 | €2,917 | €761,742 | +€758,825 | +26012.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,917 | €761,742 | +€758,825 | +26012.8% |
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 5 October 2026 via checked.be.