LUC PIRE CONSEILS: 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.
LUC PIRE CONSEILS
Largest movements
- Tangible fixed assets -€18,731
down €18,731 (-18.2%), from €102,855 to €84,124
of which Furniture and vehicles: -€10,443
- Financial fixed assets -€6,741
down €6,741 (-14.0%), from €48,241 to €41,500
- Cash -€2,589
down €2,589 (-74.7%), from €3,466 to €877
mainly Net result for the year (-€15,279) and Tax, wage and social debts (-€13,914)
- Receivables within one year -€2,524
down €2,524 (-26.0%), from €9,711 to €7,187
of which Trade receivables: -€1,984
- Profit (loss) carried forward -€15,279
down €15,279, from €6,057 to -€9,222
- Tax, wage and social debts -€13,914
down €13,914 (-95.8%), from €14,523 to €609
- Current portion of long-term debt -€11,933
no longer reported in 2025 (was €11,933)
- Other debts +€8,615
new in 2025: €8,615
- Trade debts +€2,066
up €2,066 (+77.9%), from €2,653 to €4,719
- Gross operating margin -€6,593
down €6,593 (-31.0%), from €21,269 to €14,675
- Financial charges -€4,584
down €4,584 (-86.1%), from €5,323 to €740
of which Non-recurring financial charges: -€4,100
- Financial income +€4,104
up €4,104 (+1,790%), from €229 to €4,333
of which Non-recurring financial income: +€4,100
- Other operating charges +€2,107
up €2,107 (+72.5%), from €2,909 to €5,016
- Depreciation +€1,750
up €1,750 (+7.4%), from €23,542 to €25,292
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 | €166,401 | €135,956 | -€30,445 | -18.3% |
| Fixed assets | 21/28 | €151,300 | €125,767 | -€25,532 | -16.9% |
| Intangible fixed assets | 21 | €204 | €144 | -€60 | -29.5% |
| Tangible fixed assets | 22/27 | €102,855 | €84,124 | -€18,731 | -18.2% |
| Plant, machinery and equipment | 23 | €62,163 | €53,875 | -€8,288 | -13.3% |
| Furniture and vehicles | 24 | €40,692 | €30,249 | -€10,443 | -25.7% |
| Financial fixed assets | 28 | €48,241 | €41,500 | -€6,741 | -14.0% |
| Current assets | 29/58 | €15,101 | €10,188 | -€4,913 | -32.5% |
| Amounts receivable within one year | 40/41 | €9,711 | €7,187 | -€2,524 | -26.0% |
| Trade receivables | 40 | €4,321 | €2,336 | -€1,984 | -45.9% |
| Other amounts receivable | 41 | €5,391 | €4,851 | -€540 | -10.0% |
| Cash at bank and in hand | 54/58 | €3,466 | €877 | -€2,589 | -74.7% |
| Deferred charges and accrued income | 490/1 | €1,924 | €2,124 | +€200 | +10.4% |
| Total equity and liabilities | 10/49 | €166,401 | €135,956 | -€30,445 | -18.3% |
| Equity | 10/15 | €137,292 | €122,013 | -€15,279 | -11.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €118,735 | €118,735 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,952 | €3,952 | = | 0.0% |
| Distributable reserves | 133 | €114,783 | €114,783 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,057 | -€9,222 | -€15,279 | |
| Amounts payable | 17/49 | €29,109 | €13,943 | -€15,166 | -52.1% |
| Amounts payable within one year | 42/48 | €29,109 | €13,943 | -€15,166 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €11,933 | - | -€11,933 | |
| Trade debts | 44 | €2,653 | €4,719 | +€2,066 | +77.9% |
| Suppliers | 440/4 | €2,653 | €4,719 | +€2,066 | +77.9% |
| Taxes, remuneration and social security | 45 | €14,523 | €609 | -€13,914 | -95.8% |
| Taxes | 450/3 | €14,523 | €609 | -€13,914 | -95.8% |
| Other amounts payable | 47/48 | - | €8,615 | +€8,615 | |
| Non-recurring operating income | 76A | €75 | - | -€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,542 | €25,292 | +€1,750 | +7.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,546 | -€1,546 | |
| Other operating charges | 640/8 | €2,909 | €5,016 | +€2,107 | +72.5% |
| Non-recurring operating charges | 66A | - | €4,613 | +€4,613 | |
| Gross operating margin | 9900 | €21,269 | €14,675 | -€6,593 | -31.0% |
| Operating profit (loss) | 9901 | -€5,182 | -€18,699 | -€13,518 | -261% |
| Financial income | 75/76B | €229 | €4,333 | +€4,104 | +1,790% |
| Recurring financial income | 75 | €229 | €233 | +€4 | +1.7% |
| Non-recurring financial income | 76B | - | €4,100 | +€4,100 | |
| Financial charges | 65/66B | €5,323 | €740 | -€4,584 | -86.1% |
| Recurring financial charges | 65 | €1,223 | €740 | -€483 | -39.5% |
| Non-recurring financial charges | 66B | €4,100 | - | -€4,100 | |
| Profit (loss) for the period before taxes | 9903 | -€10,276 | -€15,106 | -€4,830 | -47.0% |
| Income taxes | 67/77 | €200 | €174 | -€27 | -13.4% |
| Profit (loss) for the period | 9904 | -€10,476 | -€15,279 | -€4,803 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,476 | -€15,279 | -€4,803 | -45.9% |
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 30 October 2026 via checked.be.