PIENTER: 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.
PIENTER
Largest movements
- Receivables within one year -€12,054
down €12,054 (-36.3%), from €33,220 to €21,167
of which Trade receivables: -€13,943
- Cash +€10,331
up €10,331 (+157.5%), from €6,558 to €16,888
mainly Net result for the year (+€12,194) and Receivables within one year (+€12,054)
- Tangible fixed assets +€3,954
up €3,954 (+38.4%), from €10,304 to €14,257
of which Furniture and vehicles: +€3,378
- Profit (loss) carried forward +€7,697
no longer reported in 2025 (was -€7,697)
- Debts after one year -€7,582
no longer reported in 2025 (was €7,582)
- Reserves +€4,498
new in 2025: €4,498
- Tax, wage and social debts -€1,658
down €1,658 (-26.3%), from €6,303 to €4,645
of which Taxes: -€1,658
- Current portion of long-term debt -€560
down €560 (-6.9%), from €8,142 to €7,582
- Taxes +€2,717
up €2,717 (+1947.7%), from €140 to €2,857
- Depreciation -€2,382
down €2,382 (-25.4%), from €9,391 to €7,009
- Gross operating margin +€1,919
up €1,919 (+8.8%), from €21,854 to €23,773
- Financial charges -€495
down €495 (-24.7%), from €2,010 to €1,514
of which Financial charges: -€523
- Other operating charges -€423
down €423 (-32.7%), from €1,296 to €873
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.
Cash bridge derived
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 | €52,422 | €54,355 | +€1,933 | +3.7% |
| Fixed assets | 21/28 | €10,304 | €14,257 | +€3,954 | +38.4% |
| Tangible fixed assets | 22/27 | €10,304 | €14,257 | +€3,954 | +38.4% |
| Land and buildings | 22 | €4,373 | €3,746 | -€627 | -14.3% |
| Plant, machinery and equipment | 23 | €3,222 | €4,425 | +€1,203 | +37.3% |
| Furniture and vehicles | 24 | €2,708 | €6,086 | +€3,378 | +124.8% |
| Current assets | 29/58 | €42,119 | €40,098 | -€2,021 | -4.8% |
| Amounts receivable within one year | 40/41 | €33,220 | €21,167 | -€12,054 | -36.3% |
| Trade receivables | 40 | €14,789 | €847 | -€13,943 | -94.3% |
| Other amounts receivable | 41 | €18,431 | €20,320 | +€1,889 | +10.2% |
| Cash at bank and in hand | 54/58 | €6,558 | €16,888 | +€10,331 | +157.5% |
| Deferred charges and accrued income | 490/1 | €2,340 | €2,042 | -€298 | -12.7% |
| Total equity and liabilities | 10/49 | €52,422 | €54,355 | +€1,933 | +3.7% |
| Equity | 10/15 | €7,303 | €19,498 | +€12,194 | +167.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €4,498 | +€4,498 | |
| Distributable reserves | 133 | - | €4,498 | +€4,498 | |
| Profit (loss) carried forward | 14 | -€7,697 | - | +€7,697 | |
| Amounts payable | 17/49 | €45,119 | €34,857 | -€10,262 | -22.7% |
| Amounts payable after more than one year | 17 | €7,582 | - | -€7,582 | |
| Financial debts | 170/4 | €7,582 | - | -€7,582 | |
| Amounts payable within one year | 42/48 | €35,998 | €33,657 | -€2,341 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €8,142 | €7,582 | -€560 | -6.9% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €1,553 | €1,430 | -€123 | -7.9% |
| Suppliers | 440/4 | €1,553 | €1,430 | -€123 | -7.9% |
| Taxes, remuneration and social security | 45 | €6,303 | €4,645 | -€1,658 | -26.3% |
| Taxes | 450/3 | €4,903 | €3,245 | -€1,658 | -33.8% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,539 | €1,200 | -€339 | -22.0% |
| Remuneration, social security and pensions | 62 | - | €409 | +€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,391 | €7,009 | -€2,382 | -25.4% |
| Other operating charges | 640/8 | €1,296 | €873 | -€423 | -32.7% |
| Gross operating margin | 9900 | €21,854 | €23,773 | +€1,919 | +8.8% |
| Operating profit (loss) | 9901 | €11,168 | €15,483 | +€4,315 | +38.6% |
| Financial income | 75/76B | €940 | €1,083 | +€143 | +15.2% |
| Recurring financial income | 75 | €940 | €1,083 | +€143 | +15.2% |
| Financial charges | 65/66B | €2,010 | €1,514 | -€495 | -24.7% |
| Recurring financial charges | 65 | €2,010 | €1,487 | -€523 | -26.0% |
| Non-recurring financial charges | 66B | - | €27 | +€27 | |
| Profit (loss) for the period before taxes | 9903 | €10,098 | €15,051 | +€4,953 | +49.1% |
| Income taxes | 67/77 | €140 | €2,857 | +€2,717 | +1947.7% |
| Profit (loss) for the period | 9904 | €9,958 | €12,194 | +€2,236 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,958 | €12,194 | +€2,236 | +22.5% |
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 9 October 2026 via checked.be.