COLETTE PIRAPREZ: 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.
COLETTE PIRAPREZ
Largest movements
- Receivables within one year +€54,982
up €54,982 (+1807.0%), from €3,043 to €58,025
of which Trade receivables: +€56,599
- Tangible fixed assets +€32,069
new in 2025: €32,069
of which Plant, machinery and equipment: +€23,534
- Deferred charges and accrued income +€7,635
up €7,635 (+417.6%), from €1,828 to €9,463
- Cash +€3,354
up €3,354 (+86.6%), from €3,874 to €7,229
mainly Other debts (+€53,712) and Debts after one year (+€17,400)
- Stocks and contracts +€2,925
up €2,925 (+5.0%), from €58,225 to €61,150
- Other debts +€53,712
up €53,712 (+344.6%), from €15,585 to €69,297
- Debts after one year +€17,400
new in 2025: €17,400
- Trade debts +€9,274
up €9,274 (+50.7%), from €18,304 to €27,577
- Profit (loss) carried forward +€8,439
up €8,439 (+974.3%), from €866 to €9,305
- Current portion of long-term debt +€5,800
new in 2025: €5,800
- Gross operating margin +€16,263
up €16,263 (+244.9%), from €6,642 to €22,905
- Depreciation +€5,737
up €5,737 (+1115.2%), from €514 to €6,251
- Financial charges +€2,740
up €2,740 (+311.8%), from €879 to €3,618
- Taxes +€801
up €801 (+36.5%), from €2,194 to €2,995
- Other operating charges +€306
up €306 (+22.6%), from €1,356 to €1,662
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 | €67,485 | €167,935 | +€100,451 | +148.8% |
| Formation expenses | 20 | €514 | €0 | -€514 | -100.0% |
| Fixed assets | 21/28 | - | €32,069 | +€32,069 | |
| Tangible fixed assets | 22/27 | - | €32,069 | +€32,069 | |
| Plant, machinery and equipment | 23 | - | €23,534 | +€23,534 | |
| Furniture and vehicles | 24 | - | €745 | +€745 | |
| Other tangible fixed assets | 26 | - | €7,790 | +€7,790 | |
| Current assets | 29/58 | €66,970 | €135,867 | +€68,896 | +102.9% |
| Stocks and contracts in progress | 3 | €58,225 | €61,150 | +€2,925 | +5.0% |
| Stocks | 30/36 | €58,225 | €61,150 | +€2,925 | +5.0% |
| Amounts receivable within one year | 40/41 | €3,043 | €58,025 | +€54,982 | +1807.0% |
| Trade receivables | 40 | €1,426 | €58,025 | +€56,599 | +3969.3% |
| Other amounts receivable | 41 | €1,617 | €0 | -€1,617 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,874 | €7,229 | +€3,354 | +86.6% |
| Deferred charges and accrued income | 490/1 | €1,828 | €9,463 | +€7,635 | +417.6% |
| Total equity and liabilities | 10/49 | €67,485 | €167,935 | +€100,451 | +148.8% |
| Equity | 10/15 | €30,866 | €39,305 | +€8,439 | +27.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €866 | €9,305 | +€8,439 | +974.3% |
| Amounts payable | 17/49 | €36,619 | €128,631 | +€92,012 | +251.3% |
| Amounts payable after more than one year | 17 | - | €17,400 | +€17,400 | |
| Financial debts | 170/4 | - | €17,400 | +€17,400 | |
| Amounts payable within one year | 42/48 | €36,082 | €108,525 | +€72,443 | +200.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,800 | +€5,800 | |
| Trade debts | 44 | €18,304 | €27,577 | +€9,274 | +50.7% |
| Suppliers | 440/4 | €18,304 | €27,577 | +€9,274 | +50.7% |
| Taxes, remuneration and social security | 45 | €2,194 | €5,851 | +€3,657 | +166.7% |
| Taxes | 450/3 | €2,194 | €5,851 | +€3,657 | +166.7% |
| Other amounts payable | 47/48 | €15,585 | €69,297 | +€53,712 | +344.6% |
| Accrued charges and deferred income | 492/3 | €536 | €2,705 | +€2,169 | +404.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €514 | €6,251 | +€5,737 | +1115.2% |
| Other operating charges | 640/8 | €1,356 | €1,662 | +€306 | +22.6% |
| Gross operating margin | 9900 | €6,642 | €22,905 | +€16,263 | +244.9% |
| Operating profit (loss) | 9901 | €4,772 | €14,992 | +€10,220 | +214.2% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €879 | €3,618 | +€2,740 | +311.8% |
| Recurring financial charges | 65 | €879 | €3,618 | +€2,740 | +311.8% |
| Profit (loss) for the period before taxes | 9903 | €3,893 | €11,434 | +€7,541 | +193.7% |
| Income taxes | 67/77 | €2,194 | €2,995 | +€801 | +36.5% |
| Profit (loss) for the period | 9904 | €1,699 | €8,439 | +€6,739 | +396.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | €8,439 | +€6,739 | +396.6% |
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 12 October 2026 via checked.be.