Filip Piens: 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.
Filip Piens
Largest movements
- Receivables within one year +€25,182
up €25,182 (+137%), from €18,396 to €43,578
of which Trade receivables: +€24,352
- Cash -€8,946
down €8,946 (-36.1%), from €24,780 to €15,834
mainly Receivables within one year (-€25,182) and Other debts (-€5,043)
- Tangible fixed assets -€3,503
down €3,503 (-30.5%), from €11,472 to €7,969
of which Other tangible fixed assets: -€2,215
- Intangible fixed assets -€2,600
down €2,600 (-43.8%), from €5,931 to €3,331
- Deferred charges and accrued income -€1,382
down €1,382 (-55.6%), from €2,483 to €1,101
- Trade debts +€7,118
up €7,118 (+129%), from €5,521 to €12,639
- Profit (loss) carried forward +€5,294
up €5,294 (+17.6%), from €30,096 to €35,390
- Other debts -€5,043
down €5,043 (-99.9%), from €5,049 to €6
- Tax, wage and social debts +€1,344
up €1,344 (+80.2%), from €1,677 to €3,020
- Turnover -€165,702
no longer reported in 2025 (was €165,702)
- Purchases and services -€135,505
no longer reported in 2025 (was €135,505)
- Gross operating margin -€7,377
down €7,377 (-23.1%), from €31,986 to €24,610
- Write-downs +€1,800
new in 2025: €1,800
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 | €63,062 | €71,814 | +€8,751 | +13.9% |
| Fixed assets | 21/28 | €17,403 | €11,300 | -€6,103 | -35.1% |
| Intangible fixed assets | 21 | €5,931 | €3,331 | -€2,600 | -43.8% |
| Tangible fixed assets | 22/27 | €11,472 | €7,969 | -€3,503 | -30.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,807 | €1,519 | -€1,288 | -45.9% |
| Other tangible fixed assets | 26 | €8,665 | €6,450 | -€2,215 | -25.6% |
| Current assets | 29/58 | €45,659 | €60,514 | +€14,855 | +32.5% |
| Amounts receivable within one year | 40/41 | €18,396 | €43,578 | +€25,182 | +137% |
| Trade receivables | 40 | €17,952 | €42,305 | +€24,352 | +136% |
| Other amounts receivable | 41 | €443 | €1,273 | +€830 | +187% |
| Cash at bank and in hand | 54/58 | €24,780 | €15,834 | -€8,946 | -36.1% |
| Deferred charges and accrued income | 490/1 | €2,483 | €1,101 | -€1,382 | -55.6% |
| Total equity and liabilities | 10/49 | €63,062 | €71,814 | +€8,751 | +13.9% |
| Equity | 10/15 | €48,646 | €53,940 | +€5,294 | +10.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,096 | €35,390 | +€5,294 | +17.6% |
| Amounts payable | 17/49 | €14,416 | €17,874 | +€3,457 | +24.0% |
| Amounts payable within one year | 42/48 | €13,326 | €16,784 | +€3,457 | +25.9% |
| Financial debts | 43 | €1,080 | €1,119 | +€39 | +3.6% |
| Credit institutions | 430/8 | €1,080 | €1,119 | +€39 | +3.6% |
| Trade debts | 44 | €5,521 | €12,639 | +€7,118 | +129% |
| Suppliers | 440/4 | €5,521 | €12,639 | +€7,118 | +129% |
| Taxes, remuneration and social security | 45 | €1,677 | €3,020 | +€1,344 | +80.2% |
| Taxes | 450/3 | €1,677 | €3,020 | +€1,344 | +80.2% |
| Other amounts payable | 47/48 | €5,049 | €6 | -€5,043 | -99.9% |
| Accrued charges and deferred income | 492/3 | €1,090 | €1,090 | = | 0.0% |
| Turnover | 70 | €165,702 | - | -€165,702 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €135,505 | - | -€135,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,684 | €6,098 | +€1,415 | +30.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,800 | +€1,800 | |
| Other operating charges | 640/8 | €1,869 | €2,000 | +€131 | +7.0% |
| Non-recurring operating charges | 66A | €2,012 | €5 | -€2,007 | -99.8% |
| Gross operating margin | 9900 | €31,986 | €24,610 | -€7,377 | -23.1% |
| Operating profit (loss) | 9901 | €23,422 | €14,707 | -€8,715 | -37.2% |
| Financial income | 75/76B | €155 | €38 | -€117 | -75.6% |
| Recurring financial income | 75 | €155 | €38 | -€117 | -75.6% |
| Financial charges | 65/66B | €77 | €119 | +€42 | +54.6% |
| Recurring financial charges | 65 | €77 | €119 | +€42 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €23,500 | €14,625 | -€8,874 | -37.8% |
| Income taxes | 67/77 | €6,677 | €5,031 | -€1,645 | -24.6% |
| Profit (loss) for the period | 9904 | €16,823 | €9,594 | -€7,229 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,823 | €9,594 | -€7,229 | -43.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.