PIERMAN Cyril: what changed
PIERMAN Cyril
Largest movements
- Cash +€33,773
up €33,773 (+21.2%), from €159,564 to €193,337
mainly Net result for the year (+€86,000) and Depreciation (+€10,923)
- Current investments +€30,759
new in 2025: €30,759
- Tangible fixed assets -€10,923
down €10,923 (-4.2%), from €257,068 to €246,145
of which Furniture and vehicles: -€5,584
- Receivables within one year +€8,618
up €8,618 (+28.0%), from €30,815 to €39,433
- Deferred charges and accrued income +€8,478
up €8,478 (+1,012%), from €837 to €9,315
- Reserves +€86,000
up €86,000 (+47.8%), from €179,823 to €265,823
- Debts after one year -€13,714
down €13,714 (-6.7%), from €205,025 to €191,310
- Tax, wage and social debts -€7,810
down €7,810 (-17.4%), from €44,921 to €37,111
- Trade debts +€5,857
up €5,857 (+184%), from €3,175 to €9,032
- Gross operating margin -€24,328
down €24,328 (-15.0%), from €162,471 to €138,143
- Taxes -€7,799
down €7,799 (-18.0%), from €43,407 to €35,608
- Depreciation +€3,039
up €3,039 (+38.6%), from €7,884 to €10,923
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,285 | €518,990 | +€70,705 | +15.8% |
| Fixed assets | 21/28 | €257,068 | €246,145 | -€10,923 | -4.2% |
| Tangible fixed assets | 22/27 | €257,068 | €246,145 | -€10,923 | -4.2% |
| Land and buildings | 22 | €232,090 | €226,751 | -€5,339 | -2.3% |
| Furniture and vehicles | 24 | €24,978 | €19,394 | -€5,584 | -22.4% |
| Current assets | 29/58 | €191,217 | €272,845 | +€81,628 | +42.7% |
| Amounts receivable within one year | 40/41 | €30,815 | €39,433 | +€8,618 | +28.0% |
| Other amounts receivable | 41 | €30,815 | €39,433 | +€8,618 | +28.0% |
| Current investments | 50/53 | - | €30,759 | +€30,759 | |
| Cash at bank and in hand | 54/58 | €159,564 | €193,337 | +€33,773 | +21.2% |
| Deferred charges and accrued income | 490/1 | €837 | €9,315 | +€8,478 | +1,012% |
| Total equity and liabilities | 10/49 | €448,285 | €518,990 | +€70,705 | +15.8% |
| Equity | 10/15 | €181,823 | €267,823 | +€86,000 | +47.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €179,823 | €265,823 | +€86,000 | +47.8% |
| Distributable reserves | 133 | €179,823 | €265,823 | +€86,000 | +47.8% |
| Amounts payable | 17/49 | €266,462 | €251,167 | -€15,295 | -5.7% |
| Amounts payable after more than one year | 17 | €205,025 | €191,310 | -€13,714 | -6.7% |
| Financial debts | 170/4 | €205,025 | €191,310 | -€13,714 | -6.7% |
| Amounts payable within one year | 42/48 | €61,437 | €59,857 | -€1,580 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €13,342 | €13,714 | +€373 | +2.8% |
| Trade debts | 44 | €3,175 | €9,032 | +€5,857 | +184% |
| Suppliers | 440/4 | €3,175 | €9,032 | +€5,857 | +184% |
| Taxes, remuneration and social security | 45 | €44,921 | €37,111 | -€7,810 | -17.4% |
| Taxes | 450/3 | €44,921 | €37,111 | -€7,810 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,884 | €10,923 | +€3,039 | +38.6% |
| Other operating charges | 640/8 | €434 | €1,200 | +€766 | +176% |
| Gross operating margin | 9900 | €162,471 | €138,143 | -€24,328 | -15.0% |
| Operating profit (loss) | 9901 | €154,153 | €126,020 | -€28,133 | -18.3% |
| Financial income | 75/76B | €961 | €2,074 | +€1,112 | +116% |
| Recurring financial income | 75 | €961 | €2,074 | +€1,112 | +116% |
| Financial charges | 65/66B | €6,704 | €6,486 | -€218 | -3.3% |
| Recurring financial charges | 65 | €6,704 | €6,486 | -€218 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €148,411 | €121,607 | -€26,803 | -18.1% |
| Income taxes | 67/77 | €43,407 | €35,608 | -€7,799 | -18.0% |
| Profit (loss) for the period | 9904 | €105,004 | €86,000 | -€19,004 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €105,004 | €86,000 | -€19,004 | -18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.