FERRONNERIE PIETTE: 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.
FERRONNERIE PIETTE
Largest movements
- Receivables within one year +€34,314
up €34,314 (+59.1%), from €58,034 to €92,349
of which Trade receivables: +€21,940
- Tangible fixed assets -€11,205
down €11,205 (-39.2%), from €28,569 to €17,364
- Deferred charges and accrued income -€2,710
down €2,710 (-71.5%), from €3,793 to €1,082
- Profit (loss) carried forward +€13,263
up €13,263 (+24.3%), from €54,580 to €67,843
- Tax, wage and social debts +€8,656
up €8,656 (+404%), from €2,141 to €10,797
of which Taxes: +€5,041
- Trade debts +€5,473
up €5,473 (+50.0%), from €10,935 to €16,407
- Debts after one year -€5,306
down €5,306 (-37.2%), from €14,249 to €8,943
- Advances received -€1,953
no longer reported in 2025 (was €1,953)
- Gross operating margin +€29,456
up €29,456 (+62.5%), from €47,147 to €76,603
- Write-downs +€15,772
up €15,772, from -€6,012 to €9,760
- Staff costs +€9,667
up €9,667 (+32.8%), from €29,461 to €39,129
- Financial income +€2,578
up €2,578 (+286%), from €903 to €3,482
- Taxes +€1,734
up €1,734 (+74.3%), from €2,334 to €4,067
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 | €91,414 | €111,796 | +€20,382 | +22.3% |
| Fixed assets | 21/28 | €28,974 | €17,769 | -€11,205 | -38.7% |
| Tangible fixed assets | 22/27 | €28,569 | €17,364 | -€11,205 | -39.2% |
| Furniture and vehicles | 24 | €28,569 | €17,364 | -€11,205 | -39.2% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €62,440 | €94,027 | +€31,588 | +50.6% |
| Amounts receivable within one year | 40/41 | €58,034 | €92,349 | +€34,314 | +59.1% |
| Trade receivables | 40 | €44,274 | €66,214 | +€21,940 | +49.6% |
| Other amounts receivable | 41 | €13,760 | €26,134 | +€12,374 | +89.9% |
| Cash at bank and in hand | 54/58 | €613 | €596 | -€16 | -2.7% |
| Deferred charges and accrued income | 490/1 | €3,793 | €1,082 | -€2,710 | -71.5% |
| Total equity and liabilities | 10/49 | €91,414 | €111,796 | +€20,382 | +22.3% |
| Equity | 10/15 | €57,080 | €70,343 | +€13,263 | +23.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,580 | €67,843 | +€13,263 | +24.3% |
| Amounts payable | 17/49 | €34,334 | €41,453 | +€7,119 | +20.7% |
| Amounts payable after more than one year | 17 | €14,249 | €8,943 | -€5,306 | -37.2% |
| Financial debts | 170/4 | €14,249 | €8,943 | -€5,306 | -37.2% |
| Amounts payable within one year | 42/48 | €20,085 | €32,510 | +€12,425 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €5,056 | €5,306 | +€250 | +4.9% |
| Trade debts | 44 | €10,935 | €16,407 | +€5,473 | +50.0% |
| Suppliers | 440/4 | €10,935 | €16,407 | +€5,473 | +50.0% |
| Advances received on contracts in progress | 46 | €1,953 | - | -€1,953 | |
| Taxes, remuneration and social security | 45 | €2,141 | €10,797 | +€8,656 | +404% |
| Taxes | 450/3 | - | €5,041 | +€5,041 | |
| Remuneration and social security | 454/9 | €2,141 | €5,755 | +€3,614 | +169% |
| Remuneration, social security and pensions | 62 | €29,461 | €39,129 | +€9,667 | +32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,346 | €11,205 | -€140 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,012 | €9,760 | +€15,772 | |
| Other operating charges | 640/8 | €771 | €1,260 | +€489 | +63.5% |
| Gross operating margin | 9900 | €47,147 | €76,603 | +€29,456 | +62.5% |
| Operating profit (loss) | 9901 | €11,582 | €15,249 | +€3,667 | +31.7% |
| Financial income | 75/76B | €903 | €3,482 | +€2,578 | +286% |
| Recurring financial income | 75 | €903 | €3,482 | +€2,578 | +286% |
| Financial charges | 65/66B | €1,386 | €1,400 | +€13 | +1.0% |
| Recurring financial charges | 65 | €1,386 | €1,400 | +€13 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €11,098 | €17,331 | +€6,233 | +56.2% |
| Income taxes | 67/77 | €2,334 | €4,067 | +€1,734 | +74.3% |
| Profit (loss) for the period | 9904 | €8,765 | €13,263 | +€4,499 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,765 | €13,263 | +€4,499 | +51.3% |
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 19 October 2026 via checked.be.