Piyango: 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.
Piyango
Largest movements
- Stocks and contracts -€50,068
down €50,068 (-59.2%), from €84,527 to €34,458
- Receivables within one year +€18,589
up €18,589 (+138.4%), from €13,434 to €32,023
of which Trade receivables: +€15,793
- Deferred charges and accrued income -€12,492
down €12,492 (-68.2%), from €18,317 to €5,824
- Tangible fixed assets +€5,000
up €5,000 (+37.9%), from €13,194 to €18,194
of which Land and buildings: +€5,911
- Cash -€4,460
down €4,460 (-15.9%), from €28,075 to €23,615
mainly Trade debts (-€61,809) and Receivables within one year (-€18,589)
- Trade debts -€61,809
down €61,809 (-53.7%), from €115,029 to €53,219
- Tax, wage and social debts +€17,562
up €17,562 (+114.2%), from €15,383 to €32,944
of which Taxes: +€15,930
- Gross operating margin +€39,878
up €39,878 (+70.2%), from €56,844 to €96,722
- Taxes +€14,371
up €14,371 (+1997.8%), from €719 to €15,090
- Financial charges -€8,344
down €8,344 (-76.5%), from €10,911 to €2,568
- Staff costs +€4,876
up €4,876 (+11.6%), from €41,897 to €46,773
- Other operating charges +€3,909
up €3,909 (+573.2%), from €682 to €4,591
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 | €157,546 | €114,465 | -€43,081 | -27.3% |
| Fixed assets | 21/28 | €13,194 | €18,544 | +€5,350 | +40.5% |
| Tangible fixed assets | 22/27 | €13,194 | €18,194 | +€5,000 | +37.9% |
| Land and buildings | 22 | €10,750 | €16,661 | +€5,911 | +55.0% |
| Plant, machinery and equipment | 23 | €2,444 | €1,533 | -€911 | -37.3% |
| Financial fixed assets | 28 | - | €350 | +€350 | |
| Current assets | 29/58 | €144,352 | €95,921 | -€48,431 | -33.6% |
| Stocks and contracts in progress | 3 | €84,527 | €34,458 | -€50,068 | -59.2% |
| Stocks | 30/36 | €84,527 | €34,458 | -€50,068 | -59.2% |
| Amounts receivable within one year | 40/41 | €13,434 | €32,023 | +€18,589 | +138.4% |
| Trade receivables | 40 | - | €15,793 | +€15,793 | |
| Other amounts receivable | 41 | €13,434 | €16,231 | +€2,797 | +20.8% |
| Cash at bank and in hand | 54/58 | €28,075 | €23,615 | -€4,460 | -15.9% |
| Deferred charges and accrued income | 490/1 | €18,317 | €5,824 | -€12,492 | -68.2% |
| Total equity and liabilities | 10/49 | €157,546 | €114,465 | -€43,081 | -27.3% |
| Equity | 10/15 | €27,135 | €27,171 | +€37 | +0.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €3,108 | €3,108 | = | 0.0% |
| Distributable reserves | 133 | €3,108 | €3,108 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,026 | €20,063 | +€37 | +0.2% |
| Amounts payable | 17/49 | €130,411 | €87,294 | -€43,118 | -33.1% |
| Amounts payable within one year | 42/48 | €130,411 | €87,294 | -€43,118 | -33.1% |
| Trade debts | 44 | €115,029 | €53,219 | -€61,809 | -53.7% |
| Suppliers | 440/4 | €115,029 | €53,219 | -€61,809 | -53.7% |
| Taxes, remuneration and social security | 45 | €15,383 | €32,944 | +€17,562 | +114.2% |
| Taxes | 450/3 | €5,188 | €21,118 | +€15,930 | +307.1% |
| Remuneration and social security | 454/9 | €10,195 | €11,826 | +€1,631 | +16.0% |
| Other amounts payable | 47/48 | - | €1,130 | +€1,130 | |
| Non-recurring operating income | 76A | €1,060 | €10,008 | +€8,948 | +844.1% |
| Remuneration, social security and pensions | 62 | €41,897 | €46,773 | +€4,876 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,799 | €3,768 | +€969 | +34.6% |
| Other operating charges | 640/8 | €682 | €4,591 | +€3,909 | +573.2% |
| Non-recurring operating charges | 66A | - | €23,970 | +€23,970 | |
| Gross operating margin | 9900 | €56,844 | €96,722 | +€39,878 | +70.2% |
| Operating profit (loss) | 9901 | €11,466 | €17,621 | +€6,154 | +53.7% |
| Financial income | 75/76B | €985 | €74 | -€911 | -92.5% |
| Recurring financial income | 75 | €985 | €74 | -€911 | -92.5% |
| Financial charges | 65/66B | €10,911 | €2,568 | -€8,344 | -76.5% |
| Recurring financial charges | 65 | €10,911 | €2,568 | -€8,344 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | €1,540 | €15,127 | +€13,587 | +882.3% |
| Income taxes | 67/77 | €719 | €15,090 | +€14,371 | +1997.8% |
| Profit (loss) for the period | 9904 | €821 | €37 | -€784 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €821 | €37 | -€784 | -95.5% |
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 8 October 2026 via checked.be.