PIZZICATO: 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.
PIZZICATO
Largest movements
- Tangible fixed assets -€3,333
down €3,333 (-22.5%), from €14,795 to €11,462
- Profit (loss) carried forward -€3,333
down €3,333 (-1.8%), from -€182,866 to -€186,199
- Other debts +€1,430
up €1,430 (+0.8%), from €180,658 to €182,089
- Trade debts -€1,189
no longer reported in 2025 (was €1,189)
- Tax, wage and social debts -€242
no longer reported in 2025 (was €242)
- Gross operating margin -€847
no longer reported in 2025 (was €847)
- Other operating charges -€687
no longer reported in 2025 (was €687)
- Depreciation +€582
up €582 (+21.1%), from €2,751 to €3,333
- Financial charges -€168
no longer reported in 2025 (was €168)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,814 | €14,481 | -€3,333 | -18.7% |
| Fixed assets | 21/28 | €14,795 | €11,462 | -€3,333 | -22.5% |
| Tangible fixed assets | 22/27 | €14,795 | €11,462 | -€3,333 | -22.5% |
| Land and buildings | 22 | €14,795 | €11,462 | -€3,333 | -22.5% |
| Current assets | 29/58 | €3,019 | €3,019 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,019 | €3,019 | = | 0.0% |
| Other amounts receivable | 41 | €3,019 | €3,019 | = | 0.0% |
| Total equity and liabilities | 10/49 | €17,814 | €14,481 | -€3,333 | -18.7% |
| Equity | 10/15 | -€164,274 | -€167,607 | -€3,333 | -2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,866 | -€186,199 | -€3,333 | -1.8% |
| Amounts payable | 17/49 | €182,089 | €182,089 | = | 0.0% |
| Amounts payable within one year | 42/48 | €182,089 | €182,089 | = | 0.0% |
| Trade debts | 44 | €1,189 | - | -€1,189 | |
| Suppliers | 440/4 | €1,189 | - | -€1,189 | |
| Taxes, remuneration and social security | 45 | €242 | - | -€242 | |
| Taxes | 450/3 | €242 | - | -€242 | |
| Other amounts payable | 47/48 | €180,658 | €182,089 | +€1,430 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €3,333 | +€582 | +21.1% |
| Other operating charges | 640/8 | €687 | - | -€687 | |
| Gross operating margin | 9900 | €847 | - | -€847 | |
| Operating profit (loss) | 9901 | -€2,591 | -€3,333 | -€742 | -28.6% |
| Financial charges | 65/66B | €168 | - | -€168 | |
| Recurring financial charges | 65 | €168 | - | -€168 | |
| Profit (loss) for the period before taxes | 9903 | -€2,759 | -€3,333 | -€573 | -20.8% |
| Profit (loss) for the period | 9904 | -€2,759 | -€3,333 | -€573 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,759 | -€3,333 | -€573 | -20.8% |
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.