PIZZA NOVA: 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.
PIZZA NOVA
Largest movements
- Cash -€14,702
down €14,702 (-46.9%), from €31,335 to €16,633
mainly Debts after one year (-€17,497) and Trade debts (-€9,485)
- Tangible fixed assets -€9,585
down €9,585 (-7.5%), from €127,664 to €118,079
of which Land and buildings: -€7,895
- Debts after one year -€17,497
down €17,497 (-60.2%), from €29,045 to €11,548
of which Financial debts: -€15,497
- Trade debts -€9,485
down €9,485 (-50.1%), from €18,949 to €9,464
- Revaluation surpluses -€5,000
down €5,000 (-5.9%), from €85,000 to €80,000
- Reserves +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Profit (loss) carried forward -€4,532
down €4,532 (-4.1%), from -€110,827 to -€115,358
- Gross operating margin -€31,348
down €31,348 (-44.6%), from €70,241 to €38,893
- Financial charges -€1,156
down €1,156 (-16.6%), from €6,957 to €5,801
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 | €173,923 | €147,288 | -€26,635 | -15.3% |
| Fixed assets | 21/28 | €127,956 | €118,371 | -€9,585 | -7.5% |
| Tangible fixed assets | 22/27 | €127,664 | €118,079 | -€9,585 | -7.5% |
| Land and buildings | 22 | €115,674 | €107,779 | -€7,895 | -6.8% |
| Plant, machinery and equipment | 23 | €2,249 | €4,263 | +€2,014 | +89.6% |
| Furniture and vehicles | 24 | €3,089 | €576 | -€2,513 | -81.3% |
| Other tangible fixed assets | 26 | €6,652 | €5,460 | -€1,191 | -17.9% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €45,968 | €28,917 | -€17,050 | -37.1% |
| Stocks and contracts in progress | 3 | €6,841 | €6,010 | -€831 | -12.1% |
| Stocks | 30/36 | €6,841 | €6,010 | -€831 | -12.1% |
| Amounts receivable within one year | 40/41 | €7,792 | €6,275 | -€1,518 | -19.5% |
| Trade receivables | 40 | €2,723 | €1,327 | -€1,396 | -51.3% |
| Other amounts receivable | 41 | €5,070 | €4,948 | -€122 | -2.4% |
| Cash at bank and in hand | 54/58 | €31,335 | €16,633 | -€14,702 | -46.9% |
| Total equity and liabilities | 10/49 | €173,923 | €147,288 | -€26,635 | -15.3% |
| Equity | 10/15 | €51,173 | €46,642 | -€4,532 | -8.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €85,000 | €80,000 | -€5,000 | -5.9% |
| Reserves | 13 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Distributable reserves | 133 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Profit (loss) carried forward | 14 | -€110,827 | -€115,358 | -€4,532 | -4.1% |
| Amounts payable | 17/49 | €122,750 | €100,646 | -€22,104 | -18.0% |
| Amounts payable after more than one year | 17 | €29,045 | €11,548 | -€17,497 | -60.2% |
| Financial debts | 170/4 | €26,045 | €10,548 | -€15,497 | -59.5% |
| Other amounts payable | 178/9 | €3,000 | €1,000 | -€2,000 | -66.7% |
| Amounts payable within one year | 42/48 | €89,465 | €85,559 | -€3,906 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €17,116 | €17,497 | +€381 | +2.2% |
| Trade debts | 44 | €18,949 | €9,464 | -€9,485 | -50.1% |
| Suppliers | 440/4 | €18,949 | €9,464 | -€9,485 | -50.1% |
| Taxes, remuneration and social security | 45 | €939 | €3,124 | +€2,184 | +232.5% |
| Remuneration and social security | 454/9 | €939 | €3,124 | +€2,184 | +232.5% |
| Other amounts payable | 47/48 | €52,461 | €55,474 | +€3,012 | +5.7% |
| Accrued charges and deferred income | 492/3 | €4,240 | €3,540 | -€700 | -16.5% |
| Remuneration, social security and pensions | 62 | €19,259 | €18,698 | -€562 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,608 | €14,208 | +€600 | +4.4% |
| Other operating charges | 640/8 | €3,128 | €3,332 | +€203 | +6.5% |
| Non-recurring operating charges | 66A | €233 | - | -€233 | |
| Gross operating margin | 9900 | €70,241 | €38,893 | -€31,348 | -44.6% |
| Operating profit (loss) | 9901 | €34,013 | €2,657 | -€31,357 | -92.2% |
| Financial charges | 65/66B | €6,957 | €5,801 | -€1,156 | -16.6% |
| Recurring financial charges | 65 | €6,957 | €5,801 | -€1,156 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €27,056 | -€3,145 | -€30,201 | |
| Income taxes | 67/77 | €1,165 | €1,387 | +€221 | +19.0% |
| Profit (loss) for the period | 9904 | €25,891 | -€4,532 | -€30,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,891 | -€4,532 | -€30,422 |
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 4 October 2026 via checked.be.