Pierlet: what changed
Two fiscal 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.
Pierlet
Largest movements
- Stocks and contracts -€12,312
down €12,312 (-60.1%), from €20,500 to €8,188
- Tangible fixed assets -€6,520
down €6,520 (-7.2%), from €91,138 to €84,618
of which Land and buildings: -€4,064
- Cash +€3,148
up €3,148 (+3.9%), from €81,508 to €84,656
mainly Depreciation (+€15,647) and Stocks and contracts (+€12,312)
- Receivables within one year -€2,806
down €2,806 (-9.5%), from €29,532 to €26,727
of which Trade receivables: -€1,594
- Trade debts -€13,005
down €13,005 (-49.5%), from €26,256 to €13,251
- Other debts -€5,453
down €5,453 (-12.2%), from €44,754 to €39,302
- Tax, wage and social debts -€4,371
down €4,371 (-70.0%), from €6,244 to €1,873
- Reserves +€2,907
up €2,907 (+18.2%), from €15,989 to €18,897
- Depreciation +€5,434
up €5,434 (+53.2%), from €10,213 to €15,647
- Gross operating margin -€1,990
down €1,990 (-9.0%), from €22,028 to €20,038
- Taxes -€1,491
down €1,491 (-49.0%), from €3,044 to €1,553
- Other operating charges -€1,191
down €1,191 (-71.9%), from €1,657 to €465
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 | €226,498 | €206,581 | -€19,917 | -8.8% |
| Fixed assets | 21/28 | €91,138 | €84,618 | -€6,520 | -7.2% |
| Tangible fixed assets | 22/27 | €91,138 | €84,618 | -€6,520 | -7.2% |
| Land and buildings | 22 | €52,667 | €48,603 | -€4,064 | -7.7% |
| Plant, machinery and equipment | 23 | €18,472 | €20,020 | +€1,548 | +8.4% |
| Furniture and vehicles | 24 | €20,000 | €15,995 | -€4,005 | -20.0% |
| Current assets | 29/58 | €135,360 | €121,963 | -€13,397 | -9.9% |
| Stocks and contracts in progress | 3 | €20,500 | €8,188 | -€12,312 | -60.1% |
| Stocks | 30/36 | €20,500 | €8,188 | -€12,312 | -60.1% |
| Amounts receivable within one year | 40/41 | €29,532 | €26,727 | -€2,806 | -9.5% |
| Trade receivables | 40 | €12,301 | €10,706 | -€1,594 | -13.0% |
| Other amounts receivable | 41 | €17,232 | €16,020 | -€1,211 | -7.0% |
| Cash at bank and in hand | 54/58 | €81,508 | €84,656 | +€3,148 | +3.9% |
| Deferred charges and accrued income | 490/1 | €3,819 | €2,392 | -€1,427 | -37.4% |
| Total equity and liabilities | 10/49 | €226,498 | €206,581 | -€19,917 | -8.8% |
| Equity | 10/15 | €149,164 | €152,071 | +€2,907 | +1.9% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €15,989 | €18,897 | +€2,907 | +18.2% |
| Distributable reserves | 133 | €15,989 | €18,897 | +€2,907 | +18.2% |
| Profit (loss) carried forward | 14 | €101,174 | €101,174 | = | 0.0% |
| Amounts payable | 17/49 | €77,334 | €54,510 | -€22,824 | -29.5% |
| Amounts payable within one year | 42/48 | €77,253 | €54,426 | -€22,828 | -29.5% |
| Trade debts | 44 | €26,256 | €13,251 | -€13,005 | -49.5% |
| Suppliers | 440/4 | €26,256 | €13,251 | -€13,005 | -49.5% |
| Taxes, remuneration and social security | 45 | €6,244 | €1,873 | -€4,371 | -70.0% |
| Taxes | 450/3 | €6,244 | €1,873 | -€4,371 | -70.0% |
| Other amounts payable | 47/48 | €44,754 | €39,302 | -€5,453 | -12.2% |
| Accrued charges and deferred income | 492/3 | €81 | €84 | +€3 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,213 | €15,647 | +€5,434 | +53.2% |
| Other operating charges | 640/8 | €1,657 | €465 | -€1,191 | -71.9% |
| Non-recurring operating charges | 66A | €708 | €0 | -€708 | -100.0% |
| Gross operating margin | 9900 | €22,028 | €20,038 | -€1,990 | -9.0% |
| Operating profit (loss) | 9901 | €9,450 | €3,926 | -€5,524 | -58.5% |
| Financial income | 75/76B | €428 | €572 | +€144 | +33.6% |
| Recurring financial income | 75 | €428 | €572 | +€144 | +33.6% |
| Financial charges | 65/66B | €108 | €38 | -€70 | -65.1% |
| Recurring financial charges | 65 | €108 | €38 | -€70 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €9,770 | €4,460 | -€5,310 | -54.4% |
| Income taxes | 67/77 | €3,044 | €1,553 | -€1,491 | -49.0% |
| Profit (loss) for the period | 9904 | €6,727 | €2,907 | -€3,819 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,727 | €2,907 | -€3,819 | -56.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.