LA PIERRE BLEUE: what changed
LA PIERRE BLEUE
Largest movements
- Cash +€51,157
up €51,157 (+63.3%), from €80,768 to €131,925
mainly Trade debts (+€54,487) and Net result for the year (+€47,834)
- Receivables within one year +€28,934
up €28,934 (+177%), from €16,330 to €45,264
- Tangible fixed assets +€19,777
up €19,777 (+19.6%), from €100,723 to €120,500
of which Land and buildings: +€25,409
- Stocks and contracts +€16,041
up €16,041 (+42.9%), from €37,389 to €53,430
- Trade debts +€54,487
up €54,487 (+126%), from €43,211 to €97,698
- Profit (loss) carried forward +€47,834
up €47,834 (+180%), from €26,645 to €74,479
- Tax, wage and social debts +€26,808
up €26,808 (+65.1%), from €41,209 to €68,017
of which Taxes: +€14,448
- Debts after one year -€19,904
down €19,904 (-24.7%), from €80,464 to €60,560
- Current portion of long-term debt +€10,438
up €10,438 (+36.4%), from €28,705 to €39,143
- Gross operating margin +€95,385
up €95,385 (+54.9%), from €173,898 to €269,283
- Staff costs +€73,227
up €73,227 (+68.0%), from €107,728 to €180,955
- Taxes +€4,522
up €4,522 (+65.5%), from €6,908 to €11,430
- Financial charges -€3,675
down €3,675 (-27.4%), from €13,415 to €9,740
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 | €244,917 | €363,310 | +€118,393 | +48.3% |
| Fixed assets | 21/28 | €109,723 | €129,500 | +€19,777 | +18.0% |
| Tangible fixed assets | 22/27 | €100,723 | €120,500 | +€19,777 | +19.6% |
| Land and buildings | 22 | €52,742 | €78,151 | +€25,409 | +48.2% |
| Plant, machinery and equipment | 23 | €19,145 | €20,744 | +€1,599 | +8.4% |
| Furniture and vehicles | 24 | €1,505 | €1,125 | -€380 | -25.2% |
| Leasing and similar rights | 25 | €27,331 | €20,480 | -€6,851 | -25.1% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €135,194 | €233,810 | +€98,616 | +72.9% |
| Stocks and contracts in progress | 3 | €37,389 | €53,430 | +€16,041 | +42.9% |
| Stocks | 30/36 | €37,389 | €53,430 | +€16,041 | +42.9% |
| Amounts receivable within one year | 40/41 | €16,330 | €45,264 | +€28,934 | +177% |
| Trade receivables | 40 | €16,330 | €45,264 | +€28,934 | +177% |
| Cash at bank and in hand | 54/58 | €80,768 | €131,925 | +€51,157 | +63.3% |
| Deferred charges and accrued income | 490/1 | €707 | €3,191 | +€2,484 | +351% |
| Total equity and liabilities | 10/49 | €244,917 | €363,310 | +€118,393 | +48.3% |
| Equity | 10/15 | €42,977 | €89,449 | +€46,472 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,645 | €74,479 | +€47,834 | +180% |
| Investment grants | 15 | €13,332 | €11,970 | -€1,362 | -10.2% |
| Amounts payable | 17/49 | €201,940 | €273,861 | +€71,921 | +35.6% |
| Amounts payable after more than one year | 17 | €80,464 | €60,560 | -€19,904 | -24.7% |
| Financial debts | 170/4 | €80,464 | €60,560 | -€19,904 | -24.7% |
| Amounts payable within one year | 42/48 | €121,476 | €213,301 | +€91,825 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €28,705 | €39,143 | +€10,438 | +36.4% |
| Financial debts | 43 | - | €553 | +€553 | |
| Credit institutions | 430/8 | - | €553 | +€553 | |
| Trade debts | 44 | €43,211 | €97,698 | +€54,487 | +126% |
| Suppliers | 440/4 | €43,211 | €97,698 | +€54,487 | +126% |
| Taxes, remuneration and social security | 45 | €41,209 | €68,017 | +€26,808 | +65.1% |
| Taxes | 450/3 | €25,494 | €39,942 | +€14,448 | +56.7% |
| Remuneration and social security | 454/9 | €15,715 | €28,075 | +€12,360 | +78.7% |
| Other amounts payable | 47/48 | €8,351 | €7,890 | -€461 | -5.5% |
| Non-recurring operating income | 76A | - | €560 | +€560 | |
| Remuneration, social security and pensions | 62 | €107,728 | €180,955 | +€73,227 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,220 | €19,895 | +€1,675 | +9.2% |
| Other operating charges | 640/8 | €1,310 | €1,310 | = | 0.0% |
| Gross operating margin | 9900 | €173,898 | €269,283 | +€95,385 | +54.9% |
| Operating profit (loss) | 9901 | €46,640 | €67,123 | +€20,483 | +43.9% |
| Financial income | 75/76B | €328 | €1,881 | +€1,553 | +473% |
| Recurring financial income | 75 | €328 | €1,881 | +€1,553 | +473% |
| Financial charges | 65/66B | €13,415 | €9,740 | -€3,675 | -27.4% |
| Recurring financial charges | 65 | €13,415 | €9,740 | -€3,675 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €33,553 | €59,264 | +€25,711 | +76.6% |
| Income taxes | 67/77 | €6,908 | €11,430 | +€4,522 | +65.5% |
| Profit (loss) for the period | 9904 | €26,645 | €47,834 | +€21,189 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,645 | €47,834 | +€21,189 | +79.5% |
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 2 November 2026 via checked.be.