BRIGITTE PIERART: what changed
Two financial 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.
BRIGITTE PIERART
Largest movements
- Receivables within one year +€11,724
up €11,724 (+112%), from €10,501 to €22,225
of which Trade receivables: +€11,876
- Cash -€9,121
down €9,121 (-9.2%), from €99,049 to €89,928
mainly Receivables within one year (-€11,724) and Trade debts (-€2,892)
- Trade debts -€2,892
down €2,892 (-92.0%), from €3,145 to €252
- Reserves +€2,807
up €2,807 (+55.3%), from €5,080 to €7,887
- Other debts +€2,749
up €2,749 (+2.6%), from €106,435 to €109,185
- Gross operating margin +€5,132
up €5,132, from -€1,717 to €3,415
- Taxes +€280
new in 2025: €280
- Financial income +€91
up €91 (+128%), from €71 to €163
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.
Derived cash bridge
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 | €133,267 | €136,155 | +€2,888 | +2.2% |
| Fixed assets | 21/28 | €930 | €930 | = | 0.0% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €132,337 | €135,225 | +€2,888 | +2.2% |
| Amounts receivable within one year | 40/41 | €10,501 | €22,225 | +€11,724 | +112% |
| Trade receivables | 40 | €10,009 | €21,885 | +€11,876 | +119% |
| Other amounts receivable | 41 | €492 | €340 | -€152 | -30.8% |
| Current investments | 50/53 | €21,685 | €21,799 | +€114 | +0.5% |
| Cash at bank and in hand | 54/58 | €99,049 | €89,928 | -€9,121 | -9.2% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,272 | +€170 | +15.5% |
| Total equity and liabilities | 10/49 | €133,267 | €136,155 | +€2,888 | +2.2% |
| Equity | 10/15 | €23,680 | €26,487 | +€2,807 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,080 | €7,887 | +€2,807 | +55.3% |
| Distributable reserves | 133 | €5,080 | €7,887 | +€2,807 | +55.3% |
| Amounts payable | 17/49 | €109,587 | €109,668 | +€81 | +0.1% |
| Amounts payable within one year | 42/48 | €109,587 | €109,668 | +€81 | +0.1% |
| Trade debts | 44 | €3,145 | €252 | -€2,892 | -92.0% |
| Suppliers | 440/4 | €3,145 | €252 | -€2,892 | -92.0% |
| Taxes, remuneration and social security | 45 | €7 | €231 | +€224 | +3,008% |
| Taxes | 450/3 | €7 | €231 | +€224 | +3,008% |
| Other amounts payable | 47/48 | €106,435 | €109,185 | +€2,749 | +2.6% |
| Other operating charges | 640/8 | €496 | €462 | -€33 | -6.7% |
| Gross operating margin | 9900 | -€1,717 | €3,415 | +€5,132 | |
| Operating profit (loss) | 9901 | -€2,212 | €2,953 | +€5,165 | |
| Financial income | 75/76B | €71 | €163 | +€91 | +128% |
| Recurring financial income | 75 | €71 | €163 | +€91 | +128% |
| Financial charges | 65/66B | €14 | €28 | +€14 | +96.7% |
| Recurring financial charges | 65 | €14 | €28 | +€14 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,156 | €3,087 | +€5,242 | |
| Income taxes | 67/77 | - | €280 | +€280 | |
| Profit (loss) for the period | 9904 | -€2,156 | €2,807 | +€4,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,156 | €2,807 | +€4,962 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.