PIALOR SPRL: 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.
What changed
PIALOR SPRL
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€41,359
2024 · €63,398-€22,039
Equity
€1.1m
2024 · €1.1m+€41,359
Cash
€10,534
2024 · €2,676+€7,859
Balance sheet total
€1.7m
2024 · €1.8m-€37,677
Largest movements
Assets
- Receivables within one year -€41,061
down €41,061 (-42.7%), from €96,055 to €54,994
of which Trade receivables: -€41,100
Equity and liabilities
- Debts after one year -€62,716
down €62,716 (-13.7%), from €456,851 to €394,135
- Reserves +€41,359
up €41,359 (+3.8%), from €1.1m to €1.1m
of which Distributable reserves: +€41,359
Income statement
- Taxes +€16,177
up €16,177, from -€7,021 to €9,156
- Gross operating margin -€9,066
down €9,066 (-8.9%), from €102,299 to €93,233
- Financial charges -€2,519
down €2,519 (-14.5%), from €17,404 to €14,885
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.
Result 2024
€63,398
Gross operating margin
-€9,066
Depreciation
+€862
Other operating charges
-€179
Financial income
+€3
Financial charges
+€2,519
Taxes
-€16,177
Result 2025
€41,359
raises the resultlowers the result
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.
From operations
+€78,521
Investment
-€8,775
Financing
-€61,888
Cash 2024
€2,676
From operations (derived)
+€78,521
Net result for the year
+€41,359
Depreciation
+€13,057
Receivables within one year
+€41,061
Deferred charges and accrued income
+€191
Trade debts
-€6,032
Tax, wage and social debts
-€10,374
Other debts
-€11,543
Accrued charges and deferred income
+€10,800
Investment (derived)
-€8,775
Investment in fixed assets (net)
-€8,775
Financing
-€61,888
Debts after one year
-€62,716
Current portion of long-term debt
+€828
Cash 2025
€10,534
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,769,412 | €1,731,736 | -€37,677 | -2.1% |
| Fixed assets | 21/28 | €1,670,491 | €1,666,208 | -€4,283 | -0.3% |
| Tangible fixed assets | 22/27 | €170,491 | €166,208 | -€4,283 | -2.5% |
| Land and buildings | 22 | €145,979 | €141,368 | -€4,611 | -3.2% |
| Plant, machinery and equipment | 23 | - | €520 | +€520 | |
| Furniture and vehicles | 24 | €3,564 | €352 | -€3,212 | -90.1% |
| Other tangible fixed assets | 26 | €20,948 | €23,968 | +€3,020 | +14.4% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €98,922 | €65,528 | -€33,394 | -33.8% |
| Amounts receivable within one year | 40/41 | €96,055 | €54,994 | -€41,061 | -42.7% |
| Trade receivables | 40 | €41,400 | €300 | -€41,100 | -99.3% |
| Other amounts receivable | 41 | €54,655 | €54,694 | +€39 | +0.1% |
| Cash at bank and in hand | 54/58 | €2,676 | €10,534 | +€7,859 | +294% |
| Deferred charges and accrued income | 490/1 | €191 | - | -€191 | |
| Total equity and liabilities | 10/49 | €1,769,412 | €1,731,736 | -€37,677 | -2.1% |
| Equity | 10/15 | €1,100,737 | €1,142,096 | +€41,359 | +3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,082,137 | €1,123,496 | +€41,359 | +3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,080,277 | €1,121,636 | +€41,359 | +3.8% |
| Amounts payable | 17/49 | €668,676 | €589,640 | -€79,036 | -11.8% |
| Amounts payable after more than one year | 17 | €456,851 | €394,135 | -€62,716 | -13.7% |
| Financial debts | 170/4 | €456,851 | €394,135 | -€62,716 | -13.7% |
| Amounts payable within one year | 42/48 | €207,825 | €180,705 | -€27,120 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €61,888 | €62,716 | +€828 | +1.3% |
| Trade debts | 44 | €6,052 | €20 | -€6,032 | -99.7% |
| Suppliers | 440/4 | €6,052 | €20 | -€6,032 | -99.7% |
| Taxes, remuneration and social security | 45 | €20,112 | €9,739 | -€10,374 | -51.6% |
| Taxes | 450/3 | €8,321 | €1,668 | -€6,654 | -80.0% |
| Remuneration and social security | 454/9 | €11,791 | €8,071 | -€3,720 | -31.5% |
| Other amounts payable | 47/48 | €119,772 | €108,230 | -€11,543 | -9.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €14,800 | +€10,800 | +270% |
| Non-recurring operating income | 76A | €4,302 | €4,138 | -€164 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,919 | €13,057 | -€862 | -6.2% |
| Other operating charges | 640/8 | €14,598 | €14,777 | +€179 | +1.2% |
| Gross operating margin | 9900 | €102,299 | €93,233 | -€9,066 | -8.9% |
| Operating profit (loss) | 9901 | €73,782 | €65,398 | -€8,384 | -11.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €17,404 | €14,885 | -€2,519 | -14.5% |
| Recurring financial charges | 65 | €17,404 | €14,885 | -€2,519 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €56,378 | €50,516 | -€5,862 | -10.4% |
| Income taxes | 67/77 | -€7,021 | €9,156 | +€16,177 | |
| Profit (loss) for the period | 9904 | €63,398 | €41,359 | -€22,039 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,398 | €41,359 | -€22,039 | -34.8% |
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 25 October 2026 via checked.be.