PIEROM: 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.
PIEROM
Largest movements
- Cash -€109,230
down €109,230 (-85.1%), from €128,339 to €19,109
mainly Contributions, distributions and other (-€292,400) and Receivables within one year (-€61,284)
- Receivables within one year +€61,284
up €61,284 (+4.4%), from €1.4m to €1.5m
- Reserves -€57,756
down €57,756 (-3.3%), from €1.7m to €1.7m
of which Distributable reserves: -€55,756
- Financial income -€174,151
down €174,151 (-40.3%), from €432,008 to €257,857
- Gross operating margin -€4,215
down €4,215 (-125.2%), from -€3,366 to -€7,582
- Taxes +€3,674
up €3,674 (+91.3%), from €4,027 to €7,701
From the 31-03-2025 result to the 31-12-2025 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 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,748,139 | €1,700,193 | -€47,946 | -2.7% |
| Fixed assets | 21/28 | €231,008 | €231,008 | = | 0.0% |
| Financial fixed assets | 28 | €231,008 | €231,008 | = | 0.0% |
| Current assets | 29/58 | €1,517,131 | €1,469,185 | -€47,946 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,388,792 | €1,450,076 | +€61,284 | +4.4% |
| Other amounts receivable | 41 | €1,388,792 | €1,450,076 | +€61,284 | +4.4% |
| Cash at bank and in hand | 54/58 | €128,339 | €19,109 | -€109,230 | -85.1% |
| Total equity and liabilities | 10/49 | €1,748,139 | €1,700,193 | -€47,946 | -2.7% |
| Equity | 10/15 | €1,744,114 | €1,693,959 | -€50,156 | -2.9% |
| Contributions | 10/11 | €12,400 | €20,000 | +€7,600 | +61.3% |
| Reserves | 13 | €1,731,714 | €1,673,959 | -€57,756 | -3.3% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €1,729,714 | €1,673,959 | -€55,756 | -3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,025 | €6,234 | +€2,209 | +54.9% |
| Amounts payable within one year | 42/48 | €4,025 | €6,234 | +€2,209 | +54.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | - | €509 | +€509 | |
| Suppliers | 440/4 | - | €509 | +€509 | |
| Taxes, remuneration and social security | 45 | €4,025 | €5,725 | +€1,700 | +42.2% |
| Taxes | 450/3 | €4,025 | €5,725 | +€1,700 | +42.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €310 | €254 | -€56 | -18.1% |
| Gross operating margin | 9900 | -€3,366 | -€7,582 | -€4,215 | -125.2% |
| Operating profit (loss) | 9901 | -€3,676 | -€7,835 | -€4,159 | -113.1% |
| Financial income | 75/76B | €432,008 | €257,857 | -€174,151 | -40.3% |
| Recurring financial income | 75 | €432,008 | €257,857 | -€174,151 | -40.3% |
| Financial charges | 65/66B | €96 | €76 | -€19 | -19.9% |
| Recurring financial charges | 65 | €96 | €76 | -€19 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €428,237 | €249,945 | -€178,291 | -41.6% |
| Income taxes | 67/77 | €4,027 | €7,701 | +€3,674 | +91.3% |
| Profit (loss) for the period | 9904 | €424,210 | €242,244 | -€181,966 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €424,210 | €242,244 | -€181,966 | -42.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.