Menuiserie PIRARD: 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.
Menuiserie PIRARD
Largest movements
- Current investments +€29,032
up €29,032 (+40.9%), from €71,049 to €100,081
- Receivables within one year -€14,961
down €14,961 (-57.0%), from €26,228 to €11,267
of which Trade receivables: -€10,619
- Cash +€12,366
up €12,366 (+63.2%), from €19,578 to €31,943
mainly Receivables within one year (+€14,961) and Depreciation (+€7,776)
- Stocks and contracts -€7,739
down €7,739 (-18.2%), from €42,626 to €34,887
- Tangible fixed assets -€6,844
down €6,844 (-22.9%), from €29,905 to €23,061
of which Plant, machinery and equipment: -€4,327
- Trade debts +€4,082
up €4,082 (+94.6%), from €4,315 to €8,396
- Other debts +€3,990
up €3,990 (+39.7%), from €10,043 to €14,034
- Reserves +€3,000
up €3,000 (+2.0%), from €147,215 to €150,215
of which Distributable reserves: +€3,000
- Staff costs -€4,500
down €4,500 (-84.0%), from €5,354 to €854
- Gross operating margin +€3,174
up €3,174 (+25.5%), from €12,460 to €15,634
- Depreciation +€2,509
up €2,509 (+47.6%), from €5,267 to €7,776
- Taxes +€1,319
up €1,319, from €0 to €1,319
- Financial income -€328
down €328 (-34.0%), from €963 to €636
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 | €191,882 | €203,812 | +€11,930 | +6.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €29,905 | €23,061 | -€6,844 | -22.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €29,905 | €23,061 | -€6,844 | -22.9% |
| Land and buildings | 22 | €7,000 | €4,750 | -€2,250 | -32.1% |
| Plant, machinery and equipment | 23 | €22,613 | €18,286 | -€4,327 | -19.1% |
| Furniture and vehicles | 24 | €292 | €24 | -€268 | -91.7% |
| Current assets | 29/58 | €161,977 | €180,751 | +€18,774 | +11.6% |
| Stocks and contracts in progress | 3 | €42,626 | €34,887 | -€7,739 | -18.2% |
| Stocks | 30/36 | €42,626 | €34,887 | -€7,739 | -18.2% |
| Amounts receivable within one year | 40/41 | €26,228 | €11,267 | -€14,961 | -57.0% |
| Trade receivables | 40 | €11,634 | €1,016 | -€10,619 | -91.3% |
| Other amounts receivable | 41 | €14,594 | €10,252 | -€4,342 | -29.8% |
| Current investments | 50/53 | €71,049 | €100,081 | +€29,032 | +40.9% |
| Cash at bank and in hand | 54/58 | €19,578 | €31,943 | +€12,366 | +63.2% |
| Deferred charges and accrued income | 490/1 | €2,496 | €2,573 | +€77 | +3.1% |
| Total equity and liabilities | 10/49 | €191,882 | €203,812 | +€11,930 | +6.2% |
| Equity | 10/15 | €177,524 | €180,664 | +€3,140 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,215 | €150,215 | +€3,000 | +2.0% |
| Non-distributable reserves | 130/1 | €10,860 | €10,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,860 | €10,860 | = | 0.0% |
| Distributable reserves | 133 | €136,355 | €139,355 | +€3,000 | +2.2% |
| Profit (loss) carried forward | 14 | €11,709 | €11,849 | +€140 | +1.2% |
| Amounts payable | 17/49 | €14,358 | €23,148 | +€8,790 | +61.2% |
| Amounts payable within one year | 42/48 | €14,358 | €22,941 | +€8,583 | +59.8% |
| Trade debts | 44 | €4,315 | €8,396 | +€4,082 | +94.6% |
| Suppliers | 440/4 | €4,315 | €8,396 | +€4,082 | +94.6% |
| Taxes, remuneration and social security | 45 | - | €511 | +€511 | |
| Taxes | 450/3 | - | €511 | +€511 | |
| Other amounts payable | 47/48 | €10,043 | €14,034 | +€3,990 | +39.7% |
| Accrued charges and deferred income | 492/3 | - | €207 | +€207 | |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €5,354 | €854 | -€4,500 | -84.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,267 | €7,776 | +€2,509 | +47.6% |
| Other operating charges | 640/8 | €2,982 | €3,003 | +€21 | +0.7% |
| Gross operating margin | 9900 | €12,460 | €15,634 | +€3,174 | +25.5% |
| Operating profit (loss) | 9901 | -€1,143 | €4,001 | +€5,144 | |
| Financial income | 75/76B | €963 | €636 | -€328 | -34.0% |
| Recurring financial income | 75 | €963 | €636 | -€328 | -34.0% |
| Financial charges | 65/66B | €309 | €178 | -€131 | -42.5% |
| Recurring financial charges | 65 | €309 | €178 | -€131 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | -€488 | €4,459 | +€4,947 | |
| Income taxes | 67/77 | €0 | €1,319 | +€1,319 | |
| Profit (loss) for the period | 9904 | -€488 | €3,140 | +€3,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€488 | €3,140 | +€3,628 |
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 29 October 2026 via checked.be.