Ets PIRON Bernard: 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.
Ets PIRON Bernard
Largest movements
- Receivables within one year +€246,269
up €246,269 (+14.3%), from €1.7m to €2.0m
of which Trade receivables: +€249,742
- Stocks and contracts +€126,028
up €126,028 (+57.7%), from €218,599 to €344,627
- Cash +€101,287
up €101,287 (+135%), from €75,149 to €176,436
mainly Net result for the year (+€259,633) and Trade debts (+€242,736)
- Tangible fixed assets -€33,272
down €33,272 (-3.9%), from €842,399 to €809,126
of which Furniture and vehicles: -€79,036
- Profit (loss) carried forward +€261,877
up €261,877 (+21.3%), from €1.2m to €1.5m
- Trade debts +€242,736
up €242,736 (+46.8%), from €518,873 to €761,609
- Other debts +€118,413
up €118,413 (+33.5%), from €353,464 to €471,877
- Reserves -€102,244
down €102,244 (-50.1%), from €204,104 to €101,860
of which Distributable reserves: -€100,000
- Short-term financial debts -€55,309
down €55,309 (-13.6%), from €405,309 to €350,000
- Financial charges -€253,470
down €253,470 (-91.2%), from €277,781 to €24,311
of which Non-recurring financial charges: -€246,761
- Depreciation +€58,536
up €58,536 (+31.9%), from €183,216 to €241,752
- Staff costs +€51,359
up €51,359 (+52.7%), from €97,542 to €148,901
- Gross operating margin -€46,239
down €46,239 (-5.5%), from €842,915 to €796,676
- Write-downs +€16,612
new in 2025: €16,612
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 | €2,866,720 | €3,306,595 | +€439,875 | +15.3% |
| Fixed assets | 21/28 | €843,077 | €809,805 | -€33,272 | -3.9% |
| Tangible fixed assets | 22/27 | €842,399 | €809,126 | -€33,272 | -3.9% |
| Land and buildings | 22 | €261,859 | €244,223 | -€17,636 | -6.7% |
| Plant, machinery and equipment | 23 | €368,882 | €432,282 | +€63,400 | +17.2% |
| Furniture and vehicles | 24 | €211,658 | €132,622 | -€79,036 | -37.3% |
| Financial fixed assets | 28 | €679 | €679 | = | 0.0% |
| Current assets | 29/58 | €2,023,643 | €2,496,790 | +€473,147 | +23.4% |
| Stocks and contracts in progress | 3 | €218,599 | €344,627 | +€126,028 | +57.7% |
| Stocks | 30/36 | €218,599 | €344,627 | +€126,028 | +57.7% |
| Amounts receivable within one year | 40/41 | €1,723,554 | €1,969,823 | +€246,269 | +14.3% |
| Trade receivables | 40 | €1,636,078 | €1,885,820 | +€249,742 | +15.3% |
| Other amounts receivable | 41 | €87,475 | €84,002 | -€3,473 | -4.0% |
| Cash at bank and in hand | 54/58 | €75,149 | €176,436 | +€101,287 | +135% |
| Deferred charges and accrued income | 490/1 | €6,341 | €5,905 | -€436 | -6.9% |
| Total equity and liabilities | 10/49 | €2,866,720 | €3,306,595 | +€439,875 | +15.3% |
| Equity | 10/15 | €1,450,860 | €1,610,493 | +€159,633 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,104 | €101,860 | -€102,244 | -50.1% |
| Tax-exempt reserves | 132 | €2,244 | - | -€2,244 | |
| Distributable reserves | 133 | €201,860 | €101,860 | -€100,000 | -49.5% |
| Profit (loss) carried forward | 14 | €1,228,156 | €1,490,033 | +€261,877 | +21.3% |
| Provisions and deferred taxes | 16 | €748 | - | -€748 | |
| Deferred taxes | 168 | €748 | - | -€748 | |
| Amounts payable | 17/49 | €1,415,113 | €1,696,102 | +€280,990 | +19.9% |
| Amounts payable after more than one year | 17 | €14,109 | - | -€14,109 | |
| Financial debts | 170/4 | €14,109 | - | -€14,109 | |
| Amounts payable within one year | 42/48 | €1,401,004 | €1,696,102 | +€295,098 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €83,293 | €69,558 | -€13,734 | -16.5% |
| Financial debts | 43 | €405,309 | €350,000 | -€55,309 | -13.6% |
| Credit institutions | 430/8 | €405,309 | €350,000 | -€55,309 | -13.6% |
| Trade debts | 44 | €518,873 | €761,609 | +€242,736 | +46.8% |
| Suppliers | 440/4 | €518,873 | €761,609 | +€242,736 | +46.8% |
| Taxes, remuneration and social security | 45 | €40,064 | €43,058 | +€2,993 | +7.5% |
| Taxes | 450/3 | €29,883 | €16,337 | -€13,546 | -45.3% |
| Remuneration and social security | 454/9 | €10,181 | €26,721 | +€16,539 | +162% |
| Other amounts payable | 47/48 | €353,464 | €471,877 | +€118,413 | +33.5% |
| Remuneration, social security and pensions | 62 | €97,542 | €148,901 | +€51,359 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,216 | €241,752 | +€58,536 | +31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,612 | +€16,612 | |
| Other operating charges | 640/8 | €13,492 | €15,036 | +€1,545 | +11.4% |
| Gross operating margin | 9900 | €842,915 | €796,676 | -€46,239 | -5.5% |
| Operating profit (loss) | 9901 | €548,666 | €374,375 | -€174,291 | -31.8% |
| Financial income | 75/76B | €2,244 | €1,273 | -€971 | -43.3% |
| Recurring financial income | 75 | €2,244 | €217 | -€2,027 | -90.3% |
| Non-recurring financial income | 76B | - | €1,056 | +€1,056 | |
| Financial charges | 65/66B | €277,781 | €24,311 | -€253,470 | -91.2% |
| Recurring financial charges | 65 | €31,020 | €24,311 | -€6,709 | -21.6% |
| Non-recurring financial charges | 66B | €246,761 | - | -€246,761 | |
| Profit (loss) for the period before taxes | 9903 | €273,128 | €351,336 | +€78,208 | +28.6% |
| Transfer from deferred taxes | 780 | €1,000 | €748 | -€252 | -25.2% |
| Income taxes | 67/77 | €105,838 | €92,451 | -€13,387 | -12.6% |
| Profit (loss) for the period | 9904 | €168,290 | €259,633 | +€91,343 | +54.3% |
| Transfer from tax-exempt reserves | 789 | €3,000 | €2,244 | -€756 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €171,290 | €261,877 | +€90,587 | +52.9% |
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 23 October 2026 via checked.be.