FX PIERRARD: 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.
FX PIERRARD
Largest movements
- Intangible fixed assets -€27,857
down €27,857 (-44.4%), from €62,679 to €34,821
- Cash -€17,079
down €17,079 (-42.6%), from €40,106 to €23,027
mainly Debts after one year (-€28,727) and Other debts (-€18,127)
- Debts after one year -€28,727
down €28,727 (-62.8%), from €45,730 to €17,002
- Other debts -€18,127
down €18,127 (-75.9%), from €23,876 to €5,749
- Current portion of long-term debt +€1,349
up €1,349 (+4.5%), from €29,900 to €31,249
- Financial charges -€1,071
down €1,071 (-31.3%), from €3,417 to €2,347
- Gross operating margin -€759
down €759 (-2.3%), from €32,959 to €32,200
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 | €120,300 | €77,175 | -€43,125 | -35.8% |
| Fixed assets | 21/28 | €62,993 | €34,961 | -€28,032 | -44.5% |
| Intangible fixed assets | 21 | €62,679 | €34,821 | -€27,857 | -44.4% |
| Tangible fixed assets | 22/27 | €315 | €139 | -€175 | -55.7% |
| Furniture and vehicles | 24 | €315 | €139 | -€175 | -55.7% |
| Current assets | 29/58 | €57,307 | €42,214 | -€15,093 | -26.3% |
| Amounts receivable within one year | 40/41 | €16,838 | €17,800 | +€962 | +5.7% |
| Trade receivables | 40 | €7,406 | €11,002 | +€3,596 | +48.6% |
| Other amounts receivable | 41 | €9,432 | €6,798 | -€2,634 | -27.9% |
| Cash at bank and in hand | 54/58 | €40,106 | €23,027 | -€17,079 | -42.6% |
| Deferred charges and accrued income | 490/1 | €363 | €1,387 | +€1,024 | +283% |
| Total equity and liabilities | 10/49 | €120,300 | €77,175 | -€43,125 | -35.8% |
| Equity | 10/15 | €15,847 | €16,864 | +€1,018 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,847 | €11,864 | +€1,018 | +9.4% |
| Distributable reserves | 133 | €10,847 | €11,864 | +€1,018 | +9.4% |
| Amounts payable | 17/49 | €104,453 | €60,311 | -€44,142 | -42.3% |
| Amounts payable after more than one year | 17 | €45,730 | €17,002 | -€28,727 | -62.8% |
| Financial debts | 170/4 | €45,730 | €17,002 | -€28,727 | -62.8% |
| Amounts payable within one year | 42/48 | €58,723 | €43,308 | -€15,415 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €29,900 | €31,249 | +€1,349 | +4.5% |
| Trade debts | 44 | €460 | €1,588 | +€1,127 | +245% |
| Suppliers | 440/4 | €460 | €1,588 | +€1,127 | +245% |
| Taxes, remuneration and social security | 45 | €4,486 | €4,722 | +€236 | +5.3% |
| Taxes | 450/3 | €4,486 | €4,722 | +€236 | +5.3% |
| Other amounts payable | 47/48 | €23,876 | €5,749 | -€18,127 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,141 | €28,032 | -€108 | -0.4% |
| Gross operating margin | 9900 | €32,959 | €32,200 | -€759 | -2.3% |
| Operating profit (loss) | 9901 | €4,818 | €4,168 | -€651 | -13.5% |
| Financial charges | 65/66B | €3,417 | €2,347 | -€1,071 | -31.3% |
| Recurring financial charges | 65 | €3,417 | €2,347 | -€1,071 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €1,401 | €1,821 | +€420 | +30.0% |
| Income taxes | 67/77 | €643 | €803 | +€160 | +24.9% |
| Profit (loss) for the period | 9904 | €758 | €1,018 | +€260 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €758 | €1,018 | +€260 | +34.3% |
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 23 October 2026 via checked.be.