ISABELLE PIRON: what changed
ISABELLE PIRON
Largest movements
- Tangible fixed assets -€9,423
down €9,423 (-86.8%), from €10,857 to €1,434
of which Furniture and vehicles: -€8,906
- Cash +€6,626
up €6,626 (+27.2%), from €24,370 to €30,996
mainly Depreciation (+€9,423) and Deferred charges and accrued income (+€2,106)
- Deferred charges and accrued income -€2,106
down €2,106 (-33.8%), from €6,231 to €4,125
- Profit (loss) carried forward -€2,903
down €2,903 (-85.2%), from €3,405 to €502
- Other debts -€2,689
down €2,689 (-27.1%), from €9,911 to €7,222
- Tax, wage and social debts +€1,192
up €1,192 (+51.2%), from €2,327 to €3,519
of which Taxes: +€1,192
- Trade debts -€600
down €600 (-43.2%), from €1,387 to €788
- Gross operating margin -€7,096
down €7,096 (-43.6%), from €16,259 to €9,164
- Taxes -€1,299
down €1,299 (-55.8%), from €2,327 to €1,028
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,459 | €36,555 | -€4,904 | -11.8% |
| Fixed assets | 21/28 | €10,857 | €1,434 | -€9,423 | -86.8% |
| Tangible fixed assets | 22/27 | €10,857 | €1,434 | -€9,423 | -86.8% |
| Plant, machinery and equipment | 23 | €560 | €43 | -€517 | -92.3% |
| Furniture and vehicles | 24 | €10,297 | €1,391 | -€8,906 | -86.5% |
| Current assets | 29/58 | €30,601 | €35,121 | +€4,520 | +14.8% |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €24,370 | €30,996 | +€6,626 | +27.2% |
| Deferred charges and accrued income | 490/1 | €6,231 | €4,125 | -€2,106 | -33.8% |
| Total equity and liabilities | 10/49 | €41,459 | €36,555 | -€4,904 | -11.8% |
| Equity | 10/15 | €7,405 | €4,502 | -€2,903 | -39.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,405 | €502 | -€2,903 | -85.2% |
| Amounts payable | 17/49 | €34,053 | €32,053 | -€2,001 | -5.9% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,625 | €11,528 | -€2,097 | -15.4% |
| Trade debts | 44 | €1,387 | €788 | -€600 | -43.2% |
| Suppliers | 440/4 | €1,387 | €788 | -€600 | -43.2% |
| Taxes, remuneration and social security | 45 | €2,327 | €3,519 | +€1,192 | +51.2% |
| Taxes | 450/3 | €2,327 | €3,519 | +€1,192 | +51.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €9,911 | €7,222 | -€2,689 | -27.1% |
| Accrued charges and deferred income | 492/3 | €428 | €524 | +€96 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,296 | €9,423 | +€127 | +1.4% |
| Other operating charges | 640/8 | €1,010 | €997 | -€14 | -1.3% |
| Gross operating margin | 9900 | €16,259 | €9,164 | -€7,096 | -43.6% |
| Operating profit (loss) | 9901 | €5,952 | -€1,256 | -€7,209 | |
| Financial charges | 65/66B | €697 | €618 | -€79 | -11.4% |
| Recurring financial charges | 65 | €697 | €618 | -€79 | -11.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €5,255 | -€1,875 | -€7,130 | |
| Income taxes | 67/77 | €2,327 | €1,028 | -€1,299 | -55.8% |
| Profit (loss) for the period | 9904 | €2,928 | -€2,903 | -€5,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,928 | -€2,903 | -€5,831 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.