Più: what changed
Più
Largest movements
- Cash +€32,076
up €32,076 (+16.5%), from €193,957 to €226,033
mainly Net result for the year (+€28,554) and Trade debts (+€14,923)
- Receivables within one year +€21,079
up €21,079 (+273%), from €7,722 to €28,801
of which Trade receivables: +€26,188
- Reserves +€28,554
up €28,554 (+20.2%), from €141,648 to €170,202
- Trade debts +€14,923
up €14,923 (+2,939%), from €508 to €15,431
- Other debts +€10,261
up €10,261 (+56.7%), from €18,099 to €28,360
- Gross operating margin +€34,575
up €34,575 (+247%), from €14,024 to €48,600
- Taxes +€7,603
up €7,603 (+155%), from €4,913 to €12,517
- Staff costs -€1,400
down €1,400 (-33.8%), from €4,146 to €2,746
- Financial income -€1,308
down €1,308 (-63.1%), from €2,073 to €765
- Depreciation +€1,086
up €1,086 (+58.6%), from €1,854 to €2,940
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €210,335 | €264,351 | +€54,016 | +25.7% |
| Fixed assets | 21/28 | €8,655 | €9,441 | +€785 | +9.1% |
| Tangible fixed assets | 22/27 | €8,368 | €9,153 | +€785 | +9.4% |
| Land and buildings | 22 | €5,220 | €4,223 | -€998 | -19.1% |
| Plant, machinery and equipment | 23 | €999 | €1,830 | +€831 | +83.2% |
| Furniture and vehicles | 24 | €2,149 | €3,101 | +€952 | +44.3% |
| Financial fixed assets | 28 | €287 | €287 | = | 0.0% |
| Current assets | 29/58 | €201,679 | €254,910 | +€53,231 | +26.4% |
| Amounts receivable within one year | 40/41 | €7,722 | €28,801 | +€21,079 | +273% |
| Trade receivables | 40 | €150 | €26,338 | +€26,188 | +17,459% |
| Other amounts receivable | 41 | €7,572 | €2,462 | -€5,110 | -67.5% |
| Cash at bank and in hand | 54/58 | €193,957 | €226,033 | +€32,076 | +16.5% |
| Deferred charges and accrued income | 490/1 | - | €77 | +€77 | |
| Total equity and liabilities | 10/49 | €210,335 | €264,351 | +€54,016 | +25.7% |
| Equity | 10/15 | €188,209 | €216,763 | +€28,554 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,648 | €170,202 | +€28,554 | +20.2% |
| Distributable reserves | 133 | €141,648 | €170,202 | +€28,554 | +20.2% |
| Profit (loss) carried forward | 14 | €27,961 | €27,961 | = | 0.0% |
| Amounts payable | 17/49 | €22,126 | €47,588 | +€25,462 | +115% |
| Amounts payable within one year | 42/48 | €22,126 | €47,588 | +€25,462 | +115% |
| Trade debts | 44 | €508 | €15,431 | +€14,923 | +2,939% |
| Suppliers | 440/4 | €508 | €15,431 | +€14,923 | +2,939% |
| Taxes, remuneration and social security | 45 | €3,519 | €3,798 | +€278 | +7.9% |
| Taxes | 450/3 | - | €3,798 | +€3,798 | |
| Remuneration and social security | 454/9 | €3,519 | - | -€3,519 | |
| Other amounts payable | 47/48 | €18,099 | €28,360 | +€10,261 | +56.7% |
| Remuneration, social security and pensions | 62 | €4,146 | €2,746 | -€1,400 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,854 | €2,940 | +€1,086 | +58.6% |
| Other operating charges | 640/8 | €851 | €875 | +€24 | +2.8% |
| Gross operating margin | 9900 | €14,024 | €48,600 | +€34,575 | +247% |
| Operating profit (loss) | 9901 | €7,173 | €42,039 | +€34,866 | +486% |
| Financial income | 75/76B | €2,073 | €765 | -€1,308 | -63.1% |
| Recurring financial income | 75 | €2,073 | €765 | -€1,308 | -63.1% |
| Financial charges | 65/66B | €1,735 | €1,733 | -€2 | -0.1% |
| Recurring financial charges | 65 | €1,735 | €1,733 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €7,511 | €41,071 | +€33,560 | +447% |
| Income taxes | 67/77 | €4,913 | €12,517 | +€7,603 | +155% |
| Profit (loss) for the period | 9904 | €2,598 | €28,554 | +€25,956 | +999% |
| Profit (loss) for the period to be appropriated | 9905 | €2,598 | €28,554 | +€25,956 | +999% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.