PIER 165: 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.
PIER 165
Largest movements
- Tangible fixed assets +€28,368
up €28,368 (+106%), from €26,690 to €55,058
of which Furniture and vehicles: +€24,088
- Cash -€5,664
down €5,664 (-96.0%), from €5,902 to €238
mainly Investment in fixed assets (net) (-€35,769) and Receivables within one year (-€3,068)
- Receivables within one year +€3,068
up €3,068 (+14.7%), from €20,873 to €23,941
of which Trade receivables: +€1,648
- Stocks and contracts +€1,431
up €1,431 (+16.6%), from €8,641 to €10,072
- Profit (loss) carried forward +€15,813
up €15,813 (+856%), from €1,847 to €17,660
- Advances received +€10,421
up €10,421 (+85.3%), from €12,223 to €22,644
- Reserves +€1,847
up €1,847 (+5.5%), from €33,837 to €35,684
- Trade debts -€1,664
down €1,664 (-15.6%), from €10,644 to €8,980
- Accrued charges and deferred income +€1,510
up €1,510 (+981%), from €154 to €1,664
- Other operating charges -€8,900
down €8,900 (-14.8%), from €60,000 to €51,100
- Turnover +€3,785
up €3,785 (+2.5%), from €149,354 to €153,139
- Purchases and services -€3,089
down €3,089 (-3.8%), from €81,201 to €78,112
- Gross operating margin +€2,311
up €2,311 (+3.2%), from €72,716 to €75,027
- Depreciation +€1,650
up €1,650 (+28.7%), from €5,751 to €7,401
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,729 | €92,106 | +€27,377 | +42.3% |
| Fixed assets | 21/28 | €26,690 | €55,058 | +€28,368 | +106% |
| Tangible fixed assets | 22/27 | €26,690 | €55,058 | +€28,368 | +106% |
| Plant, machinery and equipment | 23 | €8,890 | €13,181 | +€4,291 | +48.3% |
| Furniture and vehicles | 24 | €2,688 | €26,776 | +€24,088 | +896% |
| Other tangible fixed assets | 26 | €15,112 | €15,101 | -€11 | -0.1% |
| Current assets | 29/58 | €38,039 | €37,048 | -€991 | -2.6% |
| Amounts receivable after more than one year | 29 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 291 | €500 | €500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,641 | €10,072 | +€1,431 | +16.6% |
| Stocks | 30/36 | €8,641 | €10,072 | +€1,431 | +16.6% |
| Amounts receivable within one year | 40/41 | €20,873 | €23,941 | +€3,068 | +14.7% |
| Trade receivables | 40 | €18,503 | €20,151 | +€1,648 | +8.9% |
| Other amounts receivable | 41 | €2,370 | €3,790 | +€1,420 | +59.9% |
| Cash at bank and in hand | 54/58 | €5,902 | €238 | -€5,664 | -96.0% |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,297 | +€174 | +8.2% |
| Total equity and liabilities | 10/49 | €64,729 | €92,106 | +€27,377 | +42.3% |
| Equity | 10/15 | €35,684 | €53,344 | +€17,660 | +49.5% |
| Reserves | 13 | €33,837 | €35,684 | +€1,847 | +5.5% |
| Profit (loss) carried forward | 14 | €1,847 | €17,660 | +€15,813 | +856% |
| Amounts payable | 17/49 | €29,045 | €38,762 | +€9,717 | +33.5% |
| Amounts payable after more than one year | 17 | €800 | €800 | = | 0.0% |
| Trade debts | 175 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,091 | €36,298 | +€8,207 | +29.2% |
| Trade debts | 44 | €10,644 | €8,980 | -€1,664 | -15.6% |
| Suppliers | 440/4 | €10,644 | €8,980 | -€1,664 | -15.6% |
| Advances received on contracts in progress | 46 | €12,223 | €22,644 | +€10,421 | +85.3% |
| Taxes, remuneration and social security | 45 | €5,224 | €4,674 | -€550 | -10.5% |
| Taxes | 450/3 | €5,224 | €4,674 | -€550 | -10.5% |
| Accrued charges and deferred income | 492/3 | €154 | €1,664 | +€1,510 | +981% |
| Turnover | 70 | €149,354 | €153,139 | +€3,785 | +2.5% |
| Membership fees, donations, legacies and grants | 73 | €100 | - | -€100 | |
| Non-recurring operating income | 76A | €4,463 | - | -€4,463 | |
| Goods, raw materials, services and sundry goods | 60/61 | €81,201 | €78,112 | -€3,089 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,751 | €7,401 | +€1,650 | +28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€383 | -€1,432 | -€1,049 | -274% |
| Other operating charges | 640/8 | €60,000 | €51,100 | -€8,900 | -14.8% |
| Non-recurring operating charges | 66A | €5,400 | - | -€5,400 | |
| Gross operating margin | 9900 | €72,716 | €75,027 | +€2,311 | +3.2% |
| Operating profit (loss) | 9901 | €1,948 | €17,958 | +€16,010 | +822% |
| Financial income | 75/76B | €112 | €311 | +€199 | +178% |
| Recurring financial income | 75 | €112 | €311 | +€199 | +178% |
| Financial charges | 65/66B | €213 | €609 | +€396 | +186% |
| Recurring financial charges | 65 | €213 | €609 | +€396 | +186% |
| Profit (loss) for the period before taxes | 9903 | €1,847 | €17,660 | +€15,813 | +856% |
| Profit (loss) for the period | 9904 | €1,847 | €17,660 | +€15,813 | +856% |
| Profit (loss) for the period to be appropriated | 9905 | €1,847 | €17,660 | +€15,813 | +856% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.