ECHELLES PIRET: 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.
ECHELLES PIRET
Largest movements
- Current investments +€300,000
up €300,000 (+75.0%), from €400,000 to €700,000
- Cash -€65,788
down €65,788 (-7.9%), from €830,432 to €764,644
mainly Current investments (-€300,000) and Tax, wage and social debts (-€33,583)
- Stocks and contracts -€65,048
down €65,048 (-16.7%), from €389,691 to €324,643
- Tangible fixed assets -€51,156
down €51,156 (-18.2%), from €281,396 to €230,239
of which Furniture and vehicles: -€29,117
- Reserves +€141,537
up €141,537 (+7.4%), from €1.9m to €2.0m
of which Distributable reserves: +€141,537
- Tax, wage and social debts -€33,583
down €33,583 (-36.6%), from €91,781 to €58,198
of which Taxes: -€38,606
- Gross operating margin -€169,173
down €169,173 (-28.9%), from €586,025 to €416,851
- Taxes -€52,456
down €52,456 (-46.7%), from €112,315 to €59,858
- Staff costs -€32,930
down €32,930 (-17.2%), from €191,565 to €158,636
- Financial income -€8,962
down €8,962 (-41.8%), from €21,465 to €12,503
- Financial charges +€7,704
up €7,704 (+103%), from €7,484 to €15,188
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 | €2,140,039 | €2,268,674 | +€128,635 | +6.0% |
| Fixed assets | 21/28 | €281,396 | €230,239 | -€51,156 | -18.2% |
| Tangible fixed assets | 22/27 | €281,396 | €230,239 | -€51,156 | -18.2% |
| Plant, machinery and equipment | 23 | €194,700 | €172,661 | -€22,039 | -11.3% |
| Furniture and vehicles | 24 | €86,695 | €57,578 | -€29,117 | -33.6% |
| Current assets | 29/58 | €1,858,644 | €2,038,435 | +€179,791 | +9.7% |
| Stocks and contracts in progress | 3 | €389,691 | €324,643 | -€65,048 | -16.7% |
| Stocks | 30/36 | €389,691 | €324,643 | -€65,048 | -16.7% |
| Amounts receivable within one year | 40/41 | €238,521 | €246,010 | +€7,489 | +3.1% |
| Trade receivables | 40 | €238,521 | €222,835 | -€15,686 | -6.6% |
| Other amounts receivable | 41 | - | €23,175 | +€23,175 | |
| Current investments | 50/53 | €400,000 | €700,000 | +€300,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €830,432 | €764,644 | -€65,788 | -7.9% |
| Deferred charges and accrued income | 490/1 | - | €3,138 | +€3,138 | |
| Total equity and liabilities | 10/49 | €2,140,039 | €2,268,674 | +€128,635 | +6.0% |
| Equity | 10/15 | €2,014,040 | €2,155,577 | +€141,537 | +7.0% |
| 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% |
| Reserves | 13 | €1,904,218 | €2,045,755 | +€141,537 | +7.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,898,018 | €2,039,555 | +€141,537 | +7.5% |
| Profit (loss) carried forward | 14 | €47,822 | €47,822 | = | 0.0% |
| Amounts payable | 17/49 | €125,999 | €113,098 | -€12,901 | -10.2% |
| Amounts payable within one year | 42/48 | €125,999 | €107,222 | -€18,777 | -14.9% |
| Trade debts | 44 | €24,062 | €38,655 | +€14,593 | +60.6% |
| Suppliers | 440/4 | €24,062 | €38,655 | +€14,593 | +60.6% |
| Taxes, remuneration and social security | 45 | €91,781 | €58,198 | -€33,583 | -36.6% |
| Taxes | 450/3 | €77,459 | €38,854 | -€38,606 | -49.8% |
| Remuneration and social security | 454/9 | €14,322 | €19,344 | +€5,023 | +35.1% |
| Other amounts payable | 47/48 | €10,156 | €10,369 | +€213 | +2.1% |
| Accrued charges and deferred income | 492/3 | - | €5,876 | +€5,876 | |
| Remuneration, social security and pensions | 62 | €191,565 | €158,636 | -€32,930 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,005 | €51,406 | +€1,402 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €465 | - | -€465 | |
| Other operating charges | 640/8 | €2,505 | €2,669 | +€164 | +6.5% |
| Non-recurring operating charges | 66A | - | €61 | +€61 | |
| Gross operating margin | 9900 | €586,025 | €416,851 | -€169,173 | -28.9% |
| Operating profit (loss) | 9901 | €341,484 | €204,080 | -€137,405 | -40.2% |
| Financial income | 75/76B | €21,465 | €12,503 | -€8,962 | -41.8% |
| Recurring financial income | 75 | €21,465 | €12,503 | -€8,962 | -41.8% |
| Financial charges | 65/66B | €7,484 | €15,188 | +€7,704 | +103% |
| Recurring financial charges | 65 | €7,484 | €15,188 | +€7,704 | +103% |
| Profit (loss) for the period before taxes | 9903 | €355,465 | €201,395 | -€154,070 | -43.3% |
| Income taxes | 67/77 | €112,315 | €59,858 | -€52,456 | -46.7% |
| Profit (loss) for the period | 9904 | €243,150 | €141,537 | -€101,614 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €243,150 | €141,537 | -€101,614 | -41.8% |
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 13 October 2026 via checked.be.