PITON OLIVIER: 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.
PITON OLIVIER
Largest movements
- Receivables within one year -€70,010
down €70,010 (-49.6%), from €141,028 to €71,019
of which Trade receivables: -€67,584
- Tangible fixed assets -€10,039
down €10,039 (-7.0%), from €142,607 to €132,568
of which Land and buildings: -€6,171
- Formation expenses -€9,770
down €9,770 (-25.0%), from €39,080 to €29,310
- Trade debts -€60,829
down €60,829 (-47.8%), from €127,381 to €66,551
- Short-term financial debts -€18,688
down €18,688 (-38.4%), from €48,683 to €29,995
- Tax, wage and social debts -€9,658
down €9,658 (-50.0%), from €19,316 to €9,658
of which Taxes: -€9,821
- Debts after one year -€7,358
down €7,358 (-13.7%), from €53,539 to €46,182
- Gross operating margin +€110,011
up €110,011 (+95.1%), from €115,664 to €225,675
- Staff costs +€36,330
up €36,330 (+25.0%), from €145,245 to €181,574
- Financial charges -€8,404
down €8,404 (-54.8%), from €15,322 to €6,919
- Other operating charges +€7,178
up €7,178 (+150%), from €4,801 to €11,979
- Depreciation -€2,311
down €2,311 (-8.6%), from €26,753 to €24,442
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 | €384,669 | €292,083 | -€92,586 | -24.1% |
| Formation expenses | 20 | €39,080 | €29,310 | -€9,770 | -25.0% |
| Fixed assets | 21/28 | €142,857 | €132,568 | -€10,289 | -7.2% |
| Tangible fixed assets | 22/27 | €142,607 | €132,568 | -€10,039 | -7.0% |
| Land and buildings | 22 | €115,883 | €109,712 | -€6,171 | -5.3% |
| Plant, machinery and equipment | 23 | €8,035 | €4,794 | -€3,242 | -40.3% |
| Furniture and vehicles | 24 | €16,514 | €16,501 | -€13 | -0.1% |
| Other tangible fixed assets | 26 | €2,175 | €1,561 | -€614 | -28.2% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €202,732 | €130,205 | -€72,527 | -35.8% |
| Stocks and contracts in progress | 3 | €26,275 | €25,167 | -€1,108 | -4.2% |
| Stocks | 30/36 | €26,275 | €25,167 | -€1,108 | -4.2% |
| Amounts receivable within one year | 40/41 | €141,028 | €71,019 | -€70,010 | -49.6% |
| Trade receivables | 40 | €131,631 | €64,047 | -€67,584 | -51.3% |
| Other amounts receivable | 41 | €9,398 | €6,971 | -€2,426 | -25.8% |
| Cash at bank and in hand | 54/58 | €329 | €329 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €35,099 | €33,690 | -€1,409 | -4.0% |
| Total equity and liabilities | 10/49 | €384,669 | €292,083 | -€92,586 | -24.1% |
| Equity | 10/15 | €117,538 | €117,732 | +€194 | +0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,538 | €97,732 | +€194 | +0.2% |
| Tax-exempt reserves | 132 | €10,595 | €10,595 | = | 0.0% |
| Distributable reserves | 133 | €86,943 | €87,137 | +€194 | +0.2% |
| Amounts payable | 17/49 | €267,131 | €174,351 | -€92,780 | -34.7% |
| Amounts payable after more than one year | 17 | €53,539 | €46,182 | -€7,358 | -13.7% |
| Financial debts | 170/4 | €53,539 | €46,182 | -€7,358 | -13.7% |
| Amounts payable within one year | 42/48 | €213,581 | €128,112 | -€85,469 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €12,953 | €14,563 | +€1,611 | +12.4% |
| Financial debts | 43 | €48,683 | €29,995 | -€18,688 | -38.4% |
| Credit institutions | 430/8 | €48,683 | €29,995 | -€18,688 | -38.4% |
| Trade debts | 44 | €127,381 | €66,551 | -€60,829 | -47.8% |
| Suppliers | 440/4 | €127,381 | €66,551 | -€60,829 | -47.8% |
| Advances received on contracts in progress | 46 | €0 | €2,904 | +€2,904 | |
| Taxes, remuneration and social security | 45 | €19,316 | €9,658 | -€9,658 | -50.0% |
| Taxes | 450/3 | €14,575 | €4,754 | -€9,821 | -67.4% |
| Remuneration and social security | 454/9 | €4,741 | €4,904 | +€163 | +3.4% |
| Other amounts payable | 47/48 | €5,249 | €4,441 | -€808 | -15.4% |
| Accrued charges and deferred income | 492/3 | €10 | €57 | +€47 | +463% |
| Remuneration, social security and pensions | 62 | €145,245 | €181,574 | +€36,330 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,753 | €24,442 | -€2,311 | -8.6% |
| Other operating charges | 640/8 | €4,801 | €11,979 | +€7,178 | +150% |
| Operating charges capitalised as restructuring costs | 649 | -€48,850 | €0 | +€48,850 | |
| Gross operating margin | 9900 | €115,664 | €225,675 | +€110,011 | +95.1% |
| Operating profit (loss) | 9901 | -€12,284 | €7,680 | +€19,964 | |
| Financial income | 75/76B | €71 | €0 | -€71 | -100% |
| Recurring financial income | 75 | €71 | €0 | -€71 | -100% |
| Financial charges | 65/66B | €15,322 | €6,919 | -€8,404 | -54.8% |
| Recurring financial charges | 65 | €15,322 | €6,919 | -€8,404 | -54.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,536 | €761 | +€28,297 | |
| Income taxes | 67/77 | €484 | €567 | +€83 | +17.2% |
| Profit (loss) for the period | 9904 | -€28,020 | €194 | +€28,214 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,020 | €194 | +€28,214 |
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 21 October 2026 via checked.be.