LE PIVERT: what changed
Two fiscal 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.
LE PIVERT
Largest movements
- Cash +€73,000
up €73,000 (+174.0%), from €41,955 to €114,955
mainly Current investments (+€60,000) and Net result for the year (+€13,768)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€5,691
down €5,691 (-33.1%), from €17,175 to €11,484
of which Furniture and vehicles: -€7,491
- Receivables within one year -€2,620
down €2,620 (-80.0%), from €3,275 to €655
of which Trade receivables: -€1,900
- Deferred charges and accrued income +€1,430
up €1,430 (+106.5%), from €1,343 to €2,773
- Profit (loss) carried forward +€13,768
up €13,768 (+16.2%), from €84,900 to €98,668
- Tax, wage and social debts -€5,403
down €5,403 (-29.9%), from €18,088 to €12,686
of which Remuneration and social security: -€7,570
- Gross operating margin +€22,063
up €22,063 (+17.5%), from €126,398 to €148,462
- Staff costs -€2,135
down €2,135 (-1.7%), from €123,392 to €121,257
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.
Cash bridge derived
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 | €131,127 | €137,277 | +€6,150 | +4.7% |
| Fixed assets | 21/28 | €17,175 | €11,484 | -€5,691 | -33.1% |
| Tangible fixed assets | 22/27 | €17,175 | €11,484 | -€5,691 | -33.1% |
| Plant, machinery and equipment | 23 | €397 | €3,293 | +€2,896 | +728.8% |
| Furniture and vehicles | 24 | €11,522 | €4,031 | -€7,491 | -65.0% |
| Leasing and similar rights | 25 | - | €4,160 | +€4,160 | |
| Other tangible fixed assets | 26 | €5,255 | - | -€5,255 | |
| Current assets | 29/58 | €113,952 | €125,792 | +€11,841 | +10.4% |
| Stocks and contracts in progress | 3 | €7,379 | €7,410 | +€30 | +0.4% |
| Stocks | 30/36 | €7,379 | €7,410 | +€30 | +0.4% |
| Amounts receivable within one year | 40/41 | €3,275 | €655 | -€2,620 | -80.0% |
| Trade receivables | 40 | €1,900 | - | -€1,900 | |
| Other amounts receivable | 41 | €1,375 | €655 | -€720 | -52.3% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €41,955 | €114,955 | +€73,000 | +174.0% |
| Deferred charges and accrued income | 490/1 | €1,343 | €2,773 | +€1,430 | +106.5% |
| Total equity and liabilities | 10/49 | €131,127 | €137,277 | +€6,150 | +4.7% |
| Equity | 10/15 | €105,351 | €119,119 | +€13,768 | +13.1% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,900 | €98,668 | +€13,768 | +16.2% |
| Amounts payable | 17/49 | €25,775 | €18,158 | -€7,618 | -29.6% |
| Amounts payable within one year | 42/48 | €25,775 | €18,158 | -€7,618 | -29.6% |
| Trade debts | 44 | €6,073 | €4,972 | -€1,101 | -18.1% |
| Suppliers | 440/4 | €6,073 | €4,972 | -€1,101 | -18.1% |
| Taxes, remuneration and social security | 45 | €18,088 | €12,686 | -€5,403 | -29.9% |
| Taxes | 450/3 | €8,329 | €10,496 | +€2,167 | +26.0% |
| Remuneration and social security | 454/9 | €9,759 | €2,189 | -€7,570 | -77.6% |
| Other amounts payable | 47/48 | €1,614 | €501 | -€1,114 | -69.0% |
| Non-recurring operating income | 76A | - | €3,532 | +€3,532 | |
| Remuneration, social security and pensions | 62 | €123,392 | €121,257 | -€2,135 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,961 | €10,263 | -€698 | -6.4% |
| Other operating charges | 640/8 | €1,382 | €1,553 | +€170 | +12.3% |
| Gross operating margin | 9900 | €126,398 | €148,462 | +€22,063 | +17.5% |
| Operating profit (loss) | 9901 | -€9,337 | €15,390 | +€24,727 | |
| Financial income | 75/76B | €1,780 | €434 | -€1,345 | -75.6% |
| Recurring financial income | 75 | €1,780 | €434 | -€1,345 | -75.6% |
| Financial charges | 65/66B | €2,472 | €1,745 | -€727 | -29.4% |
| Recurring financial charges | 65 | €2,472 | €1,745 | -€727 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,030 | €14,078 | +€24,108 | |
| Income taxes | 67/77 | -€3 | €311 | +€313 | |
| Profit (loss) for the period | 9904 | -€10,027 | €13,768 | +€23,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,027 | €13,768 | +€23,795 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.