Pizz'Ath: 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.
Pizz'Ath
Largest movements
- Tangible fixed assets +€79,740
up €79,740 (+216.6%), from €36,816 to €116,555
of which Furniture and vehicles: +€79,623
- Cash +€20,637
up €20,637 (+280.9%), from €7,347 to €27,984
mainly Debts after one year (+€39,587) and Net result for the year (+€18,645)
- Receivables within one year +€3,420
new in 2024: €3,420
- Stocks and contracts -€2,783
down €2,783 (-40.5%), from €6,878 to €4,095
- Debts after one year +€39,587
up €39,587 (+103.4%), from €38,285 to €77,871
- Profit (loss) carried forward +€18,645
up €18,645, from -€8,264 to €10,381
- Other debts +€15,652
new in 2024: €15,652
- Trade debts +€11,835
up €11,835 (+692.6%), from €1,709 to €13,544
- Current portion of long-term debt +€11,614
up €11,614 (+118.5%), from €9,804 to €21,419
- Gross operating margin +€61,919
up €61,919 (+3393.6%), from €1,825 to €63,744
- Staff costs +€14,635
up €14,635 (+249.7%), from €5,860 to €20,495
- Depreciation +€5,945
up €5,945 (+325.5%), from €1,827 to €7,772
- Taxes +€4,070
new in 2024: €4,070
- Other operating charges +€2,129
up €2,129 (+465.6%), from €457 to €2,586
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,245 | €153,720 | +€101,475 | +194.2% |
| Fixed assets | 21/28 | €38,021 | €117,760 | +€79,740 | +209.7% |
| Tangible fixed assets | 22/27 | €36,816 | €116,555 | +€79,740 | +216.6% |
| Plant, machinery and equipment | 23 | €22,883 | €20,704 | -€2,178 | -9.5% |
| Furniture and vehicles | 24 | €704 | €80,327 | +€79,623 | +11310.7% |
| Other tangible fixed assets | 26 | €13,229 | €15,524 | +€2,295 | +17.4% |
| Financial fixed assets | 28 | €1,205 | €1,205 | = | 0.0% |
| Current assets | 29/58 | €14,225 | €35,960 | +€21,735 | +152.8% |
| Stocks and contracts in progress | 3 | €6,878 | €4,095 | -€2,783 | -40.5% |
| Stocks | 30/36 | €6,878 | €4,095 | -€2,783 | -40.5% |
| Amounts receivable within one year | 40/41 | - | €3,420 | +€3,420 | |
| Other amounts receivable | 41 | - | €3,420 | +€3,420 | |
| Cash at bank and in hand | 54/58 | €7,347 | €27,984 | +€20,637 | +280.9% |
| Deferred charges and accrued income | 490/1 | - | €461 | +€461 | |
| Total equity and liabilities | 10/49 | €52,245 | €153,720 | +€101,475 | +194.2% |
| Equity | 10/15 | -€1,264 | €17,381 | +€18,645 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,264 | €10,381 | +€18,645 | |
| Amounts payable | 17/49 | €53,509 | €136,339 | +€82,830 | +154.8% |
| Amounts payable after more than one year | 17 | €38,285 | €77,871 | +€39,587 | +103.4% |
| Financial debts | 170/4 | €38,285 | €77,871 | +€39,587 | +103.4% |
| Amounts payable within one year | 42/48 | €13,069 | €56,971 | +€43,902 | +335.9% |
| Current portion of amounts payable after more than one year | 42 | €9,804 | €21,419 | +€11,614 | +118.5% |
| Trade debts | 44 | €1,709 | €13,544 | +€11,835 | +692.6% |
| Suppliers | 440/4 | €1,709 | €13,544 | +€11,835 | +692.6% |
| Taxes, remuneration and social security | 45 | €1,555 | €6,356 | +€4,801 | +308.7% |
| Taxes | 450/3 | €191 | €5,702 | +€5,511 | +2890.5% |
| Remuneration and social security | 454/9 | €1,365 | €654 | -€711 | -52.1% |
| Other amounts payable | 47/48 | - | €15,652 | +€15,652 | |
| Accrued charges and deferred income | 492/3 | €2,156 | €1,497 | -€659 | -30.6% |
| Remuneration, social security and pensions | 62 | €5,860 | €20,495 | +€14,635 | +249.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,827 | €7,772 | +€5,945 | +325.5% |
| Other operating charges | 640/8 | €457 | €2,586 | +€2,129 | +465.6% |
| Non-recurring operating charges | 66A | - | €8,282 | +€8,282 | |
| Gross operating margin | 9900 | €1,825 | €63,744 | +€61,919 | +3393.6% |
| Operating profit (loss) | 9901 | -€6,320 | €24,609 | +€30,928 | |
| Financial charges | 65/66B | €1,944 | €1,894 | -€50 | -2.6% |
| Recurring financial charges | 65 | €1,944 | €1,894 | -€50 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,264 | €22,715 | +€30,979 | |
| Income taxes | 67/77 | - | €4,070 | +€4,070 | |
| Profit (loss) for the period | 9904 | -€8,264 | €18,645 | +€26,908 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,264 | €18,645 | +€26,908 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.