PIERMIMO: 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.
PIERMIMO
Largest movements
- Tangible fixed assets +€166,504
up €166,504 (+53.7%), from €309,941 to €476,445
of which Assets under construction and advance payments: +€185,098
- Debts after one year +€143,209
up €143,209 (+67.2%), from €213,014 to €356,223
of which Financial debts: +€143,209
- Other debts +€24,202
up €24,202 (+49.9%), from €48,541 to €72,743
- Gross operating margin +€26,420
up €26,420 (+540.4%), from €4,889 to €31,309
- Other operating charges +€5,049
up €5,049 (+388.3%), from €1,300 to €6,349
- Financial charges +€730
up €730 (+9.5%), from €7,690 to €8,420
- Depreciation -€425
down €425 (-2.2%), from €19,020 to €18,594
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 | €315,219 | €481,376 | +€166,157 | +52.7% |
| Fixed assets | 21/28 | €309,941 | €476,445 | +€166,504 | +53.7% |
| Tangible fixed assets | 22/27 | €309,941 | €476,445 | +€166,504 | +53.7% |
| Land and buildings | 22 | €251,875 | €239,519 | -€12,356 | -4.9% |
| Plant, machinery and equipment | 23 | €12,348 | €10,874 | -€1,473 | -11.9% |
| Other tangible fixed assets | 26 | €32,388 | €27,622 | -€4,765 | -14.7% |
| Assets under construction and advance payments | 27 | €13,331 | €198,429 | +€185,098 | +1388.5% |
| Current assets | 29/58 | €5,278 | €4,931 | -€347 | -6.6% |
| Amounts receivable within one year | 40/41 | - | €3,790 | +€3,790 | |
| Trade receivables | 40 | - | €3,790 | +€3,790 | |
| Cash at bank and in hand | 54/58 | €5,278 | €1,141 | -€4,137 | -78.4% |
| Total equity and liabilities | 10/49 | €315,219 | €481,376 | +€166,157 | +52.7% |
| Equity | 10/15 | €16,799 | €14,745 | -€2,054 | -12.2% |
| Contributions | 10/11 | €6,607 | €6,607 | = | 0.0% |
| Reserves | 13 | €10,193 | €8,139 | -€2,054 | -20.2% |
| Non-distributable reserves | 130/1 | €661 | €661 | = | 0.0% |
| Reserves not available under the articles | 1311 | €661 | €661 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,499 | €2,499 | = | 0.0% |
| Distributable reserves | 133 | €7,033 | €4,979 | -€2,054 | -29.2% |
| Amounts payable | 17/49 | €298,420 | €466,631 | +€168,211 | +56.4% |
| Amounts payable after more than one year | 17 | €213,014 | €356,223 | +€143,209 | +67.2% |
| Financial debts | 170/4 | €152,727 | €295,936 | +€143,209 | +93.8% |
| Other amounts payable | 178/9 | €60,287 | €60,287 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,406 | €110,408 | +€25,002 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €27,528 | €26,791 | -€737 | -2.7% |
| Trade debts | 44 | €9,337 | €10,874 | +€1,537 | +16.5% |
| Suppliers | 440/4 | €9,337 | €10,874 | +€1,537 | +16.5% |
| Other amounts payable | 47/48 | €48,541 | €72,743 | +€24,202 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,020 | €18,594 | -€425 | -2.2% |
| Other operating charges | 640/8 | €1,300 | €6,349 | +€5,049 | +388.3% |
| Gross operating margin | 9900 | €4,889 | €31,309 | +€26,420 | +540.4% |
| Operating profit (loss) | 9901 | -€15,430 | €6,366 | +€21,796 | |
| Financial charges | 65/66B | €7,690 | €8,420 | +€730 | +9.5% |
| Recurring financial charges | 65 | €7,690 | €8,420 | +€730 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,120 | -€2,054 | +€21,066 | +91.1% |
| Profit (loss) for the period | 9904 | -€23,120 | -€2,054 | +€21,066 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,120 | -€2,054 | +€21,066 | +91.1% |
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 7 October 2026 via checked.be.