Bielen, Pierre: what changed
What changed
Bielen, Pierre
NACE 28.250, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€108,540
2024 · €73,548+€34,991
Equity
€245,351
2024 · €228,253+€17,098
Cash
€401,857
2024 · €355,826+€46,031
Balance sheet total
€978,710
2024 · €765,914+€212,796
Largest movements
Assets
- Stocks and contracts +€110,995
up €110,995 (+93.2%), from €119,049 to €230,043
of which Contracts in progress: +€110,995
- Receivables within one year +€58,225
up €58,225 (+23.5%), from €248,082 to €306,307
of which Trade receivables: +€71,638
- Cash +€46,031
up €46,031 (+12.9%), from €355,826 to €401,857
mainly Advances received (+€189,994) and Net result for the year (+€108,540)
Equity and liabilities
- Advances received +€189,994
up €189,994 (+87.0%), from €218,368 to €408,363
- Trade debts -€62,624
down €62,624 (-39.0%), from €160,773 to €98,149
- Other debts +€34,277
up €34,277 (+39.6%), from €86,479 to €120,757
- Tax, wage and social debts +€23,217
up €23,217 (+51.3%), from €45,241 to €68,458
of which Taxes: +€11,857
- Profit (loss) carried forward +€17,098
up €17,098 (+15.5%), from €110,245 to €127,343
Income statement
- Staff costs -€66,981
down €66,981 (-11.2%), from €598,230 to €531,248
- Write-downs +€21,342
up €21,342, from €0 to €21,342
- Taxes +€10,983
up €10,983 (+35.8%), from €30,721 to €41,704
- Other operating charges -€8,846
down €8,846 (-83.1%), from €10,639 to €1,793
- Gross operating margin -€8,831
down €8,831 (-1.2%), from €730,145 to €721,314
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€73,548
Gross operating margin
-€8,831
Staff costs
+€66,981
Depreciation
-€461
Write-downs
-€21,342
Other operating charges
+€8,846
Other operating items
+€347
Financial income
-€71
Financial charges
+€506
Taxes
-€10,983
Result 2025
€108,540
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€141,580
Investment
-€3,728
Financing
-€91,821
Cash 2024
€355,826
From operations (derived)
+€141,580
Net result for the year
+€108,540
Depreciation
+€11,506
Stocks and contracts
-€110,995
Receivables within one year
-€58,225
Deferred charges and accrued income
-€5,324
Trade debts
-€62,624
Tax, wage and social debts
+€23,217
Advances received
+€189,994
Other debts
+€34,277
Accrued charges and deferred income
+€11,213
Investment (derived)
-€3,728
Investment in fixed assets (net)
-€3,728
Financing
-€91,821
Short-term financial debts
-€379
Contributions, distributions and other
-€91,442
Cash 2025
€401,857
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €765,914 | €978,710 | +€212,796 | +27.8% |
| Fixed assets | 21/28 | €40,610 | €32,832 | -€7,778 | -19.2% |
| Tangible fixed assets | 22/27 | €37,596 | €29,798 | -€7,798 | -20.7% |
| Furniture and vehicles | 24 | €14,131 | €9,395 | -€4,735 | -33.5% |
| Other tangible fixed assets | 26 | €23,465 | €20,402 | -€3,063 | -13.1% |
| Financial fixed assets | 28 | €3,014 | €3,034 | +€20 | +0.7% |
| Current assets | 29/58 | €725,304 | €945,878 | +€220,574 | +30.4% |
| Stocks and contracts in progress | 3 | €119,049 | €230,043 | +€110,995 | +93.2% |
| Stocks | 30/36 | €14,254 | €14,254 | = | 0.0% |
| Contracts in progress | 37 | €104,795 | €215,790 | +€110,995 | +106% |
| Amounts receivable within one year | 40/41 | €248,082 | €306,307 | +€58,225 | +23.5% |
| Trade receivables | 40 | €225,072 | €296,710 | +€71,638 | +31.8% |
| Other amounts receivable | 41 | €23,010 | €9,597 | -€13,413 | -58.3% |
| Cash at bank and in hand | 54/58 | €355,826 | €401,857 | +€46,031 | +12.9% |
| Deferred charges and accrued income | 490/1 | €2,347 | €7,671 | +€5,324 | +227% |
| Total equity and liabilities | 10/49 | €765,914 | €978,710 | +€212,796 | +27.8% |
| Equity | 10/15 | €228,253 | €245,351 | +€17,098 | +7.5% |
| Contributions | 10/11 | €18,303 | €18,303 | = | 0.0% |
| Reserves | 13 | €99,706 | €99,706 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,830 | €1,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,830 | €1,830 | = | 0.0% |
| Tax-exempt reserves | 132 | €187 | €187 | = | 0.0% |
| Distributable reserves | 133 | €97,688 | €97,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,245 | €127,343 | +€17,098 | +15.5% |
| Amounts payable | 17/49 | €537,661 | €733,359 | +€195,698 | +36.4% |
| Amounts payable within one year | 42/48 | €533,675 | €718,160 | +€184,485 | +34.6% |
| Financial debts | 43 | €22,813 | €22,434 | -€379 | -1.7% |
| Credit institutions | 430/8 | €22,813 | €22,434 | -€379 | -1.7% |
| Trade debts | 44 | €160,773 | €98,149 | -€62,624 | -39.0% |
| Suppliers | 440/4 | €160,773 | €98,149 | -€62,624 | -39.0% |
| Advances received on contracts in progress | 46 | €218,368 | €408,363 | +€189,994 | +87.0% |
| Taxes, remuneration and social security | 45 | €45,241 | €68,458 | +€23,217 | +51.3% |
| Taxes | 450/3 | €721 | €12,578 | +€11,857 | +1,646% |
| Remuneration and social security | 454/9 | €44,520 | €55,880 | +€11,360 | +25.5% |
| Other amounts payable | 47/48 | €86,479 | €120,757 | +€34,277 | +39.6% |
| Accrued charges and deferred income | 492/3 | €3,986 | €15,199 | +€11,213 | +281% |
| Remuneration, social security and pensions | 62 | €598,230 | €531,248 | -€66,981 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,045 | €11,506 | +€461 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €21,342 | +€21,342 | |
| Other operating charges | 640/8 | €10,639 | €1,793 | -€8,846 | -83.1% |
| Non-recurring operating charges | 66A | €347 | €0 | -€347 | -100% |
| Gross operating margin | 9900 | €730,145 | €721,314 | -€8,831 | -1.2% |
| Operating profit (loss) | 9901 | €109,884 | €155,425 | +€45,540 | +41.4% |
| Financial income | 75/76B | €299 | €227 | -€71 | -23.9% |
| Recurring financial income | 75 | €299 | €227 | -€71 | -23.9% |
| Financial charges | 65/66B | €5,914 | €5,408 | -€506 | -8.6% |
| Recurring financial charges | 65 | €5,914 | €5,408 | -€506 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €104,269 | €150,244 | +€45,975 | +44.1% |
| Income taxes | 67/77 | €30,721 | €41,704 | +€10,983 | +35.8% |
| Profit (loss) for the period | 9904 | €73,548 | €108,540 | +€34,991 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,548 | €108,540 | +€34,991 | +47.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.