PIEM SERVICES: 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.
PIEM SERVICES
Largest movements
- Receivables within one year +€16,402
up €16,402 (+45.1%), from €36,366 to €52,768
of which Other amounts receivable: +€11,487
- Deferred charges and accrued income +€5,828
up €5,828 (+595%), from €980 to €6,808
- Receivables after one year -€4,500
down €4,500 (-12.5%), from €36,000 to €31,500
- Tangible fixed assets -€3,768
down €3,768 (-2.2%), from €170,786 to €167,018
of which Land and buildings: -€4,057
- Debts after one year -€25,766
down €25,766 (-66.6%), from €38,671 to €12,905
- Profit (loss) carried forward +€19,126
up €19,126 (+51.0%), from €37,510 to €56,636
- Other debts +€16,998
up €16,998 (+32.6%), from €52,100 to €69,098
- Tax, wage and social debts +€4,813
up €4,813 (+64.0%), from €7,516 to €12,329
- Short-term financial debts -€2,863
down €2,863 (-17.2%), from €16,683 to €13,820
- Other operating charges +€14,944
up €14,944 (+306%), from €4,877 to €19,821
- Gross operating margin -€11,846
down €11,846 (-15.8%), from €75,116 to €63,270
- Taxes +€3,815
up €3,815 (+308%), from €1,239 to €5,054
- Depreciation -€2,987
down €2,987 (-13.3%), from €22,493 to €19,506
- Financial income +€1,225
up €1,225 (+57.3%), from €2,138 to €3,363
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 | €246,210 | €260,040 | +€13,830 | +5.6% |
| Fixed assets | 21/28 | €170,916 | €167,018 | -€3,898 | -2.3% |
| Tangible fixed assets | 22/27 | €170,786 | €167,018 | -€3,768 | -2.2% |
| Land and buildings | 22 | €165,158 | €161,101 | -€4,057 | -2.5% |
| Plant, machinery and equipment | 23 | €2,317 | €3,771 | +€1,454 | +62.8% |
| Furniture and vehicles | 24 | €3,311 | €2,145 | -€1,166 | -35.2% |
| Financial fixed assets | 28 | €130 | - | -€130 | |
| Current assets | 29/58 | €75,294 | €93,022 | +€17,728 | +23.5% |
| Amounts receivable after more than one year | 29 | €36,000 | €31,500 | -€4,500 | -12.5% |
| Other amounts receivable | 291 | €36,000 | €31,500 | -€4,500 | -12.5% |
| Amounts receivable within one year | 40/41 | €36,366 | €52,768 | +€16,402 | +45.1% |
| Trade receivables | 40 | €279 | €5,193 | +€4,914 | +1,761% |
| Other amounts receivable | 41 | €36,087 | €47,574 | +€11,487 | +31.8% |
| Current investments | 50/53 | €25 | €18 | -€7 | -29.1% |
| Cash at bank and in hand | 54/58 | €1,923 | €1,929 | +€6 | +0.3% |
| Deferred charges and accrued income | 490/1 | €980 | €6,808 | +€5,828 | +595% |
| Total equity and liabilities | 10/49 | €246,210 | €260,040 | +€13,830 | +5.6% |
| Equity | 10/15 | €101,588 | €120,714 | +€19,126 | +18.8% |
| Contributions | 10/11 | €24,789 | €24,789 | +€0 | 0.0% |
| Contributions outside capital | 11 | €24,789 | €24,789 | +€0 | 0.0% |
| Other | 1109/19 | €24,789 | €24,789 | +€0 | 0.0% |
| Reserves | 13 | €39,289 | €39,289 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €36,810 | €36,810 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €2,479 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €37,510 | €56,636 | +€19,126 | +51.0% |
| Amounts payable | 17/49 | €144,622 | €139,326 | -€5,296 | -3.7% |
| Amounts payable after more than one year | 17 | €38,671 | €12,905 | -€25,766 | -66.6% |
| Financial debts | 170/4 | €38,671 | €12,905 | -€25,766 | -66.6% |
| Amounts payable within one year | 42/48 | €105,951 | €124,021 | +€18,070 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €25,408 | €25,718 | +€310 | +1.2% |
| Financial debts | 43 | €16,683 | €13,820 | -€2,863 | -17.2% |
| Credit institutions | 430/8 | €16,683 | €13,820 | -€2,863 | -17.2% |
| Trade debts | 44 | €4,244 | €3,058 | -€1,186 | -28.0% |
| Suppliers | 440/4 | €4,244 | €3,058 | -€1,186 | -28.0% |
| Taxes, remuneration and social security | 45 | €7,516 | €12,329 | +€4,813 | +64.0% |
| Taxes | 450/3 | €7,516 | €12,329 | +€4,813 | +64.0% |
| Other amounts payable | 47/48 | €52,100 | €69,098 | +€16,998 | +32.6% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,493 | €19,506 | -€2,987 | -13.3% |
| Other operating charges | 640/8 | €4,877 | €19,821 | +€14,944 | +306% |
| Gross operating margin | 9900 | €75,116 | €63,270 | -€11,846 | -15.8% |
| Operating profit (loss) | 9901 | €47,746 | €23,943 | -€23,803 | -49.9% |
| Financial income | 75/76B | €2,138 | €3,363 | +€1,225 | +57.3% |
| Recurring financial income | 75 | €2,138 | €3,363 | +€1,225 | +57.3% |
| Financial charges | 65/66B | €3,257 | €3,126 | -€131 | -4.0% |
| Recurring financial charges | 65 | €3,257 | €3,126 | -€131 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €46,627 | €24,180 | -€22,447 | -48.1% |
| Income taxes | 67/77 | €1,239 | €5,054 | +€3,815 | +308% |
| Profit (loss) for the period | 9904 | €45,388 | €19,126 | -€26,262 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,388 | €19,126 | -€26,262 | -57.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.