MATHIEU PIRONT ISOLATION: 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.
MATHIEU PIRONT ISOLATION
Largest movements
- Cash +€26,757
up €26,757 (+26.6%), from €100,418 to €127,175
mainly Other debts (+€101,549) and Net result for the year (+€37,726)
- Tangible fixed assets -€7,926
down €7,926 (-5.9%), from €135,457 to €127,531
of which Furniture and vehicles: -€13,065
- Receivables within one year +€4,239
up €4,239 (+15.0%), from €28,175 to €32,414
of which Trade receivables: +€13,101
- Other debts +€101,549
up €101,549 (+1,280%), from €7,936 to €109,485
- Reserves -€79,922
down €79,922 (-37.8%), from €211,627 to €131,705
- Debts after one year -€12,103
down €12,103 (-35.1%), from €34,515 to €22,412
- Tax, wage and social debts +€11,668
up €11,668 (+53.6%), from €21,764 to €33,431
- Gross operating margin -€29,173
down €29,173 (-24.1%), from €120,963 to €91,790
- Depreciation +€6,875
up €6,875 (+24.4%), from €28,170 to €35,045
- Taxes -€6,184
down €6,184 (-32.2%), from €19,223 to €13,039
- Staff costs +€2,084
new in 2025: €2,084
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 | €300,626 | €320,830 | +€20,205 | +6.7% |
| Formation expenses | 20 | €291 | €83 | -€208 | -71.6% |
| Fixed assets | 21/28 | €135,457 | €127,531 | -€7,926 | -5.9% |
| Tangible fixed assets | 22/27 | €135,457 | €127,531 | -€7,926 | -5.9% |
| Plant, machinery and equipment | 23 | €58,431 | €64,380 | +€5,950 | +10.2% |
| Furniture and vehicles | 24 | €69,587 | €56,523 | -€13,065 | -18.8% |
| Other tangible fixed assets | 26 | €7,439 | €6,628 | -€811 | -10.9% |
| Current assets | 29/58 | €164,877 | €193,216 | +€28,339 | +17.2% |
| Stocks and contracts in progress | 3 | €33,000 | €31,680 | -€1,320 | -4.0% |
| Stocks | 30/36 | €33,000 | €31,680 | -€1,320 | -4.0% |
| Amounts receivable within one year | 40/41 | €28,175 | €32,414 | +€4,239 | +15.0% |
| Trade receivables | 40 | €19,313 | €32,414 | +€13,101 | +67.8% |
| Other amounts receivable | 41 | €8,862 | - | -€8,862 | |
| Cash at bank and in hand | 54/58 | €100,418 | €127,175 | +€26,757 | +26.6% |
| Deferred charges and accrued income | 490/1 | €3,285 | €1,948 | -€1,337 | -40.7% |
| Total equity and liabilities | 10/49 | €300,626 | €320,830 | +€20,205 | +6.7% |
| Equity | 10/15 | €215,627 | €135,705 | -€79,922 | -37.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €211,627 | €131,705 | -€79,922 | -37.8% |
| Distributable reserves | 133 | €211,627 | €131,705 | -€79,922 | -37.8% |
| Amounts payable | 17/49 | €84,999 | €185,125 | +€100,126 | +118% |
| Amounts payable after more than one year | 17 | €34,515 | €22,412 | -€12,103 | -35.1% |
| Financial debts | 170/4 | €34,515 | €22,412 | -€12,103 | -35.1% |
| Amounts payable within one year | 42/48 | €50,484 | €162,713 | +€112,229 | +222% |
| Current portion of amounts payable after more than one year | 42 | €11,617 | €12,103 | +€486 | +4.2% |
| Trade debts | 44 | €9,167 | €7,694 | -€1,473 | -16.1% |
| Suppliers | 440/4 | €9,167 | €7,694 | -€1,473 | -16.1% |
| Taxes, remuneration and social security | 45 | €21,764 | €33,431 | +€11,668 | +53.6% |
| Taxes | 450/3 | €21,764 | €33,431 | +€11,668 | +53.6% |
| Other amounts payable | 47/48 | €7,936 | €109,485 | +€101,549 | +1,280% |
| Non-recurring operating income | 76A | - | €5,337 | +€5,337 | |
| Remuneration, social security and pensions | 62 | - | €2,084 | +€2,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,170 | €35,045 | +€6,875 | +24.4% |
| Other operating charges | 640/8 | €1,541 | €1,197 | -€344 | -22.3% |
| Gross operating margin | 9900 | €120,963 | €91,790 | -€29,173 | -24.1% |
| Operating profit (loss) | 9901 | €91,252 | €53,464 | -€37,788 | -41.4% |
| Financial income | 75/76B | €28 | €30 | +€2 | +9.0% |
| Recurring financial income | 75 | €28 | €30 | +€2 | +9.0% |
| Financial charges | 65/66B | €2,772 | €2,729 | -€43 | -1.5% |
| Recurring financial charges | 65 | €2,772 | €2,729 | -€43 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €88,508 | €50,764 | -€37,743 | -42.6% |
| Income taxes | 67/77 | €19,223 | €13,039 | -€6,184 | -32.2% |
| Profit (loss) for the period | 9904 | €69,285 | €37,726 | -€31,559 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,285 | €37,726 | -€31,559 | -45.6% |
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 15 October 2026 via checked.be.