PIZDELRIX: 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.
PIZDELRIX
Largest movements
- Cash -€23,222
down €23,222 (-56.5%), from €41,092 to €17,870
mainly Net result for the year (-€38,872) and Receivables within one year (-€12,033)
- Receivables within one year +€12,033
up €12,033 (+17.2%), from €70,128 to €82,160
of which Trade receivables: +€10,094
- Tangible fixed assets -€9,289
down €9,289 (-25.2%), from €36,866 to €27,577
of which Furniture and vehicles: -€10,912
- Deferred charges and accrued income -€4,869
down €4,869 (-64.6%), from €7,542 to €2,673
- Intangible fixed assets -€2,880
down €2,880 (-11.0%), from €26,089 to €23,210
- Profit (loss) carried forward -€38,872
down €38,872 (-68.7%), from -€56,620 to -€95,492
- Trade debts +€12,481
up €12,481 (+36.1%), from €34,594 to €47,075
- Tax, wage and social debts -€5,798
down €5,798 (-19.1%), from €30,402 to €24,604
of which Taxes: -€7,407
- Other debts +€3,987
up €3,987 (+62.1%), from €6,422 to €10,409
- Gross operating margin -€41,349
down €41,349 (-14.1%), from €294,048 to €252,699
- Staff costs +€20,089
up €20,089 (+8.1%), from €248,401 to €268,490
- Financial charges -€6,473
down €6,473 (-49.8%), from €13,008 to €6,535
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 | €187,297 | €159,096 | -€28,201 | -15.1% |
| Fixed assets | 21/28 | €62,956 | €50,787 | -€12,169 | -19.3% |
| Intangible fixed assets | 21 | €26,089 | €23,210 | -€2,880 | -11.0% |
| Tangible fixed assets | 22/27 | €36,866 | €27,577 | -€9,289 | -25.2% |
| Plant, machinery and equipment | 23 | €10,965 | €12,588 | +€1,623 | +14.8% |
| Furniture and vehicles | 24 | €25,902 | €14,990 | -€10,912 | -42.1% |
| Current assets | 29/58 | €124,342 | €108,309 | -€16,033 | -12.9% |
| Stocks and contracts in progress | 3 | €5,575 | €5,575 | = | 0.0% |
| Stocks | 30/36 | €5,575 | €5,575 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,128 | €82,160 | +€12,033 | +17.2% |
| Trade receivables | 40 | €2,780 | €12,874 | +€10,094 | +363.1% |
| Other amounts receivable | 41 | €67,348 | €69,287 | +€1,939 | +2.9% |
| Current investments | 50/53 | €5 | €30 | +€25 | +500.0% |
| Cash at bank and in hand | 54/58 | €41,092 | €17,870 | -€23,222 | -56.5% |
| Deferred charges and accrued income | 490/1 | €7,542 | €2,673 | -€4,869 | -64.6% |
| Total equity and liabilities | 10/49 | €187,297 | €159,096 | -€28,201 | -15.1% |
| Equity | 10/15 | €115,880 | €77,008 | -€38,872 | -33.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €147,500 | €147,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €145,000 | €145,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,620 | -€95,492 | -€38,872 | -68.7% |
| Amounts payable | 17/49 | €71,418 | €82,088 | +€10,670 | +14.9% |
| Amounts payable within one year | 42/48 | €71,418 | €82,088 | +€10,670 | +14.9% |
| Trade debts | 44 | €34,594 | €47,075 | +€12,481 | +36.1% |
| Suppliers | 440/4 | €34,594 | €47,075 | +€12,481 | +36.1% |
| Taxes, remuneration and social security | 45 | €30,402 | €24,604 | -€5,798 | -19.1% |
| Taxes | 450/3 | €8,178 | €771 | -€7,407 | -90.6% |
| Remuneration and social security | 454/9 | €22,223 | €23,833 | +€1,610 | +7.2% |
| Other amounts payable | 47/48 | €6,422 | €10,409 | +€3,987 | +62.1% |
| Remuneration, social security and pensions | 62 | €248,401 | €268,490 | +€20,089 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,471 | €13,960 | -€511 | -3.5% |
| Other operating charges | 640/8 | €2,167 | €2,008 | -€159 | -7.3% |
| Gross operating margin | 9900 | €294,048 | €252,699 | -€41,349 | -14.1% |
| Operating profit (loss) | 9901 | €29,009 | -€31,759 | -€60,768 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -76.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -76.7% |
| Financial charges | 65/66B | €13,008 | €6,535 | -€6,473 | -49.8% |
| Recurring financial charges | 65 | €13,008 | €6,535 | -€6,473 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €16,002 | -€38,294 | -€54,296 | |
| Income taxes | 67/77 | €505 | €578 | +€73 | +14.5% |
| Profit (loss) for the period | 9904 | €15,497 | -€38,872 | -€54,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,497 | -€38,872 | -€54,369 |
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.