G. PISCINES: 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.
G. PISCINES
Largest movements
- Stocks and contracts -€7,767
down €7,767 (-17.4%), from €44,608 to €36,841
- Tangible fixed assets -€5,007
down €5,007 (-35.0%), from €14,319 to €9,312
of which Plant, machinery and equipment: -€3,918
- Deferred charges and accrued income +€4,435
new in 2025: €4,435
- Receivables within one year -€4,240
down €4,240 (-49.8%), from €8,506 to €4,266
of which Other amounts receivable: -€2,757
- Cash +€3,232
up €3,232 (+135%), from €2,388 to €5,621
mainly Stocks and contracts (+€7,767) and Depreciation (+€6,507)
- Debts after one year -€12,086
down €12,086 (-28.0%), from €43,172 to €31,085
- Tax, wage and social debts +€1,986
up €1,986 (+268%), from €740 to €2,726
of which Remuneration and social security: +€1,169
- Trade debts -€1,329
down €1,329 (-59.7%), from €2,225 to €897
- Gross operating margin -€7,647
down €7,647 (-45.8%), from €16,712 to €9,065
- Depreciation -€2,210
down €2,210 (-25.4%), from €8,717 to €6,507
- Taxes -€322
down €322 (-43.5%), from €740 to €418
- Financial charges -€184
down €184 (-12.3%), from €1,495 to €1,311
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 | €71,615 | €60,474 | -€11,141 | -15.6% |
| Fixed assets | 21/28 | €16,113 | €9,312 | -€6,801 | -42.2% |
| Intangible fixed assets | 21 | €1,500 | €0 | -€1,500 | -100% |
| Tangible fixed assets | 22/27 | €14,319 | €9,312 | -€5,007 | -35.0% |
| Plant, machinery and equipment | 23 | €8,085 | €4,167 | -€3,918 | -48.5% |
| Other tangible fixed assets | 26 | €6,234 | €5,145 | -€1,089 | -17.5% |
| Financial fixed assets | 28 | €294 | €0 | -€294 | -100% |
| Current assets | 29/58 | €55,502 | €51,162 | -€4,339 | -7.8% |
| Stocks and contracts in progress | 3 | €44,608 | €36,841 | -€7,767 | -17.4% |
| Stocks | 30/36 | €44,608 | €36,841 | -€7,767 | -17.4% |
| Amounts receivable within one year | 40/41 | €8,506 | €4,266 | -€4,240 | -49.8% |
| Trade receivables | 40 | €5,749 | €4,266 | -€1,483 | -25.8% |
| Other amounts receivable | 41 | €2,757 | €0 | -€2,757 | -100% |
| Cash at bank and in hand | 54/58 | €2,388 | €5,621 | +€3,232 | +135% |
| Deferred charges and accrued income | 490/1 | - | €4,435 | +€4,435 | |
| Total equity and liabilities | 10/49 | €71,615 | €60,474 | -€11,141 | -15.6% |
| Equity | 10/15 | €25,478 | €25,766 | +€289 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,872 | €6,872 | = | 0.0% |
| Distributable reserves | 133 | €6,872 | €6,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6 | €294 | +€289 | +5,166% |
| Amounts payable | 17/49 | €46,137 | €34,708 | -€11,429 | -24.8% |
| Amounts payable after more than one year | 17 | €43,172 | €31,085 | -€12,086 | -28.0% |
| Other amounts payable | 178/9 | €43,172 | €31,085 | -€12,086 | -28.0% |
| Amounts payable within one year | 42/48 | €2,965 | €3,622 | +€657 | +22.2% |
| Trade debts | 44 | €2,225 | €897 | -€1,329 | -59.7% |
| Suppliers | 440/4 | €2,225 | €897 | -€1,329 | -59.7% |
| Taxes, remuneration and social security | 45 | €740 | €2,726 | +€1,986 | +268% |
| Taxes | 450/3 | €740 | €1,557 | +€817 | +110% |
| Remuneration and social security | 454/9 | - | €1,169 | +€1,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,717 | €6,507 | -€2,210 | -25.4% |
| Other operating charges | 640/8 | €518 | €600 | +€81 | +15.7% |
| Gross operating margin | 9900 | €16,712 | €9,065 | -€7,647 | -45.8% |
| Operating profit (loss) | 9901 | €7,476 | €1,958 | -€5,518 | -73.8% |
| Financial income | 75/76B | €87 | €60 | -€27 | -30.7% |
| Recurring financial income | 75 | €87 | €60 | -€27 | -30.7% |
| Financial charges | 65/66B | €1,495 | €1,311 | -€184 | -12.3% |
| Recurring financial charges | 65 | €1,495 | €1,311 | -€184 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €6,068 | €707 | -€5,360 | -88.3% |
| Income taxes | 67/77 | €740 | €418 | -€322 | -43.5% |
| Profit (loss) for the period | 9904 | €5,328 | €289 | -€5,039 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,328 | €289 | -€5,039 | -94.6% |
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.