PIENTURE: 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.
PIENTURE
Largest movements
- Receivables within one year +€6,507
up €6,507 (+75.8%), from €8,585 to €15,092
of which Other amounts receivable: +€11,260
- Cash -€6,184
down €6,184 (-22.0%), from €28,102 to €21,918
mainly Receivables within one year (-€6,507) and Tax, wage and social debts (-€2,943)
- Tangible fixed assets -€3,470
down €3,470 (-41.9%), from €8,287 to €4,817
of which Furniture and vehicles: -€2,644
- Tax, wage and social debts -€2,943
down €2,943 (-71.7%), from €4,106 to €1,163
- Other debts -€2,354
no longer reported in 2025 (was €2,354)
- Reserves +€2,060
up €2,060 (+5.6%), from €36,711 to €38,771
- Gross operating margin -€4,402
down €4,402 (-29.8%), from €14,758 to €10,356
- Financial income -€3,091
down €3,091 (-91.5%), from €3,379 to €288
- Taxes -€2,502
down €2,502 (-63.8%), from €3,919 to €1,417
- Staff costs +€459
new in 2025: €459
- Financial charges +€262
up €262 (+80.6%), from €325 to €586
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 | €47,532 | €44,044 | -€3,488 | -7.3% |
| Fixed assets | 21/28 | €10,845 | €7,034 | -€3,811 | -35.1% |
| Intangible fixed assets | 21 | €2,558 | €2,217 | -€341 | -13.3% |
| Tangible fixed assets | 22/27 | €8,287 | €4,817 | -€3,470 | -41.9% |
| Plant, machinery and equipment | 23 | €4,762 | €3,936 | -€826 | -17.3% |
| Furniture and vehicles | 24 | €3,526 | €881 | -€2,644 | -75.0% |
| Current assets | 29/58 | €36,687 | €37,010 | +€323 | +0.9% |
| Amounts receivable within one year | 40/41 | €8,585 | €15,092 | +€6,507 | +75.8% |
| Trade receivables | 40 | €7,683 | €2,930 | -€4,753 | -61.9% |
| Other amounts receivable | 41 | €902 | €12,162 | +€11,260 | +1247.7% |
| Cash at bank and in hand | 54/58 | €28,102 | €21,918 | -€6,184 | -22.0% |
| Total equity and liabilities | 10/49 | €47,532 | €44,044 | -€3,488 | -7.3% |
| Equity | 10/15 | €38,711 | €40,771 | +€2,060 | +5.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,711 | €38,771 | +€2,060 | +5.6% |
| Distributable reserves | 133 | €36,711 | €38,771 | +€2,060 | +5.6% |
| Amounts payable | 17/49 | €8,821 | €3,273 | -€5,548 | -62.9% |
| Amounts payable within one year | 42/48 | €8,821 | €3,273 | -€5,548 | -62.9% |
| Trade debts | 44 | €2,361 | €2,110 | -€251 | -10.6% |
| Suppliers | 440/4 | €2,361 | €2,110 | -€251 | -10.6% |
| Taxes, remuneration and social security | 45 | €4,106 | €1,163 | -€2,943 | -71.7% |
| Taxes | 450/3 | €4,106 | €1,163 | -€2,943 | -71.7% |
| Other amounts payable | 47/48 | €2,354 | - | -€2,354 | |
| Remuneration, social security and pensions | 62 | - | €459 | +€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,245 | €5,405 | +€159 | +3.0% |
| Other operating charges | 640/8 | €633 | €716 | +€83 | +13.2% |
| Gross operating margin | 9900 | €14,758 | €10,356 | -€4,402 | -29.8% |
| Operating profit (loss) | 9901 | €8,880 | €3,776 | -€5,104 | -57.5% |
| Financial income | 75/76B | €3,379 | €288 | -€3,091 | -91.5% |
| Recurring financial income | 75 | €3,379 | €288 | -€3,091 | -91.5% |
| Financial charges | 65/66B | €325 | €586 | +€262 | +80.6% |
| Recurring financial charges | 65 | €325 | €586 | +€262 | +80.6% |
| Profit (loss) for the period before taxes | 9903 | €11,935 | €3,478 | -€8,457 | -70.9% |
| Income taxes | 67/77 | €3,919 | €1,417 | -€2,502 | -63.8% |
| Profit (loss) for the period | 9904 | €8,015 | €2,060 | -€5,955 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,015 | €2,060 | -€5,955 | -74.3% |
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 11 October 2026 via checked.be.