LE NOIR PIGNON: what changed
What changed
LE NOIR PIGNON
NACE 47.300, Retail sale of automotive fuel
filed annual accounts (NBB)
Net result for the year
-€173,724
2024 · €60,656-€234,379
Equity
€978,942
2024 · €1.2m-€173,724
Cash
€777,325
2024 · €949,166-€171,841
Balance sheet total
€1.5m
2024 · €1.7m-€195,580
Largest movements
Assets
- Cash -€171,841
down €171,841 (-18.1%), from €949,166 to €777,325
mainly Net result for the year (-€173,724) and Investment in fixed assets (net) (-€78,183)
- Stocks and contracts -€57,805
down €57,805 (-12.9%), from €447,492 to €389,687
- Tangible fixed assets +€20,280
up €20,280 (+10.8%), from €187,407 to €207,688
of which Land and buildings: +€63,456
Equity and liabilities
- Profit (loss) carried forward -€173,724
down €173,724 (-16.2%), from €1.1m to €897,118
- Trade debts -€33,847
down €33,847 (-7.3%), from €466,705 to €432,857
- Tax, wage and social debts +€23,978
up €23,978 (+35.4%), from €67,679 to €91,657
of which Remuneration and social security: +€19,735
Income statement
- Gross operating margin -€286,209
down €286,209 (-38.4%), from €746,252 to €460,043
- Staff costs -€28,579
down €28,579 (-5.0%), from €570,520 to €541,941
- Taxes -€25,431
no longer reported in 2025 (was €25,431)
- Depreciation +€11,276
up €11,276 (+24.2%), from €46,627 to €57,902
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.
Result 2024
€60,656
Gross operating margin
-€286,209
Staff costs
+€28,579
Depreciation
-€11,276
Other operating charges
-€2,412
Other operating items
+€7,281
Financial income
+€1,133
Financial charges
+€3,093
Taxes
+€25,431
Result 2025
-€173,724
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€81,699
Investment
-€78,183
Financing
-€11,958
Cash 2024
€949,166
From operations (derived)
-€81,699
Net result for the year
-€173,724
Depreciation
+€57,902
Stocks and contracts
+€57,805
Receivables within one year
-€10,966
Deferred charges and accrued income
-€2,819
Trade debts
-€33,847
Tax, wage and social debts
+€23,978
Other debts
-€28
Investment (derived)
-€78,183
Investment in fixed assets (net)
-€78,183
Financing
-€11,958
Debts after one year
-€3,053
Current portion of long-term debt
-€8,906
Cash 2025
€777,325
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,702,169 | €1,506,589 | -€195,580 | -11.5% |
| Fixed assets | 21/28 | €191,907 | €212,188 | +€20,280 | +10.6% |
| Tangible fixed assets | 22/27 | €187,407 | €207,688 | +€20,280 | +10.8% |
| Land and buildings | 22 | €39,091 | €102,547 | +€63,456 | +162% |
| Plant, machinery and equipment | 23 | €52,889 | €37,694 | -€15,195 | -28.7% |
| Furniture and vehicles | 24 | €95,427 | €67,446 | -€27,981 | -29.3% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €1,510,262 | €1,294,402 | -€215,861 | -14.3% |
| Stocks and contracts in progress | 3 | €447,492 | €389,687 | -€57,805 | -12.9% |
| Stocks | 30/36 | €447,492 | €389,687 | -€57,805 | -12.9% |
| Amounts receivable within one year | 40/41 | €27,574 | €38,540 | +€10,966 | +39.8% |
| Trade receivables | 40 | €8,384 | €12,520 | +€4,136 | +49.3% |
| Other amounts receivable | 41 | €19,190 | €26,020 | +€6,830 | +35.6% |
| Current investments | 50/53 | €83,428 | €83,428 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €949,166 | €777,325 | -€171,841 | -18.1% |
| Deferred charges and accrued income | 490/1 | €2,602 | €5,421 | +€2,819 | +108% |
| Total equity and liabilities | 10/49 | €1,702,169 | €1,506,589 | -€195,580 | -11.5% |
| Equity | 10/15 | €1,152,666 | €978,942 | -€173,724 | -15.1% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €26,048 | €26,048 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,081 | €2,081 | = | 0.0% |
| Distributable reserves | 133 | €23,967 | €23,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,070,842 | €897,118 | -€173,724 | -16.2% |
| Amounts payable | 17/49 | €549,503 | €527,647 | -€21,856 | -4.0% |
| Amounts payable after more than one year | 17 | €3,053 | - | -€3,053 | |
| Financial debts | 170/4 | €3,053 | - | -€3,053 | |
| Amounts payable within one year | 42/48 | €546,451 | €527,647 | -€18,804 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €11,958 | €3,053 | -€8,906 | -74.5% |
| Trade debts | 44 | €466,705 | €432,857 | -€33,847 | -7.3% |
| Suppliers | 440/4 | €466,705 | €432,857 | -€33,847 | -7.3% |
| Taxes, remuneration and social security | 45 | €67,679 | €91,657 | +€23,978 | +35.4% |
| Taxes | 450/3 | €50,392 | €54,635 | +€4,243 | +8.4% |
| Remuneration and social security | 454/9 | €17,286 | €37,022 | +€19,735 | +114% |
| Other amounts payable | 47/48 | €108 | €80 | -€28 | -26.2% |
| Non-recurring operating income | 76A | €1,051 | - | -€1,051 | |
| Remuneration, social security and pensions | 62 | €570,520 | €541,941 | -€28,579 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,627 | €57,902 | +€11,276 | +24.2% |
| Other operating charges | 640/8 | €835 | €3,247 | +€2,412 | +289% |
| Non-recurring operating charges | 66A | €7,281 | - | -€7,281 | |
| Gross operating margin | 9900 | €746,252 | €460,043 | -€286,209 | -38.4% |
| Operating profit (loss) | 9901 | €120,989 | -€143,048 | -€264,037 | |
| Financial income | 75/76B | €456 | €1,589 | +€1,133 | +248% |
| Recurring financial income | 75 | €456 | €1,589 | +€1,133 | +248% |
| Financial charges | 65/66B | €35,358 | €32,265 | -€3,093 | -8.7% |
| Recurring financial charges | 65 | €35,358 | €32,265 | -€3,093 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €86,087 | -€173,724 | -€259,811 | |
| Income taxes | 67/77 | €25,431 | - | -€25,431 | |
| Profit (loss) for the period | 9904 | €60,656 | -€173,724 | -€234,379 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,656 | -€173,724 | -€234,379 |
Next steps
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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.