Pierphy: 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.
Pierphy
Largest movements
- Cash +€15,308
up €15,308 (+24.3%), from €62,947 to €78,255
mainly Other debts (+€36,698) and Trade debts (+€10,844)
- Receivables within one year +€5,285
up €5,285 (+4.6%), from €115,243 to €120,528
of which Other amounts receivable: +€13,126
- Tangible fixed assets -€4,105
down €4,105 (-6.0%), from €68,815 to €64,710
of which Land and buildings: -€3,698
- Other debts +€36,698
new in 2025: €36,698
- Reserves -€31,376
down €31,376 (-52.9%), from €59,268 to €27,892
of which Distributable reserves: -€31,376
- Trade debts +€10,844
up €10,844 (+43.5%), from €24,945 to €35,789
- Debts after one year -€4,544
down €4,544 (-65.8%), from €6,905 to €2,361
- Tax, wage and social debts +€3,615
up €3,615 (+66.6%), from €5,430 to €9,046
- Financial charges -€2,651
down €2,651 (-38.3%), from €6,925 to €4,274
- Depreciation -€2,103
down €2,103 (-33.9%), from €6,208 to €4,105
- Gross operating margin -€1,240
down €1,240 (-6.7%), from €18,391 to €17,151
- Taxes +€896
up €896 (+44.1%), from €2,032 to €2,928
- Other operating charges -€344
down €344 (-18.8%), from €1,833 to €1,489
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.
Derived cash bridge
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 | €252,136 | €267,600 | +€15,465 | +6.1% |
| Fixed assets | 21/28 | €71,375 | €67,270 | -€4,105 | -5.8% |
| Tangible fixed assets | 22/27 | €68,815 | €64,710 | -€4,105 | -6.0% |
| Land and buildings | 22 | €67,278 | €63,580 | -€3,698 | -5.5% |
| Furniture and vehicles | 24 | €1,537 | €1,130 | -€407 | -26.4% |
| Financial fixed assets | 28 | €2,560 | €2,560 | = | 0.0% |
| Current assets | 29/58 | €180,761 | €200,330 | +€19,570 | +10.8% |
| Amounts receivable within one year | 40/41 | €115,243 | €120,528 | +€5,285 | +4.6% |
| Trade receivables | 40 | €56,370 | €48,530 | -€7,841 | -13.9% |
| Other amounts receivable | 41 | €58,873 | €71,999 | +€13,126 | +22.3% |
| Cash at bank and in hand | 54/58 | €62,947 | €78,255 | +€15,308 | +24.3% |
| Deferred charges and accrued income | 490/1 | €2,571 | €1,547 | -€1,024 | -39.8% |
| Total equity and liabilities | 10/49 | €252,136 | €267,600 | +€15,465 | +6.1% |
| Equity | 10/15 | €129,639 | €98,262 | -€31,376 | -24.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €59,268 | €27,892 | -€31,376 | -52.9% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €53,071 | €21,695 | -€31,376 | -59.1% |
| Profit (loss) carried forward | 14 | €8,397 | €8,397 | = | 0.0% |
| Amounts payable | 17/49 | €122,497 | €169,338 | +€46,841 | +38.2% |
| Amounts payable after more than one year | 17 | €6,905 | €2,361 | -€4,544 | -65.8% |
| Financial debts | 170/4 | €6,905 | €2,361 | -€4,544 | -65.8% |
| Amounts payable within one year | 42/48 | €114,692 | €166,077 | +€51,385 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €4,316 | €4,544 | +€228 | +5.3% |
| Financial debts | 43 | €80,000 | €80,000 | = | 0.0% |
| Credit institutions | 430/8 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €24,945 | €35,789 | +€10,844 | +43.5% |
| Suppliers | 440/4 | €24,945 | €35,789 | +€10,844 | +43.5% |
| Taxes, remuneration and social security | 45 | €5,430 | €9,046 | +€3,615 | +66.6% |
| Taxes | 450/3 | €5,430 | €9,046 | +€3,615 | +66.6% |
| Other amounts payable | 47/48 | - | €36,698 | +€36,698 | |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,208 | €4,105 | -€2,103 | -33.9% |
| Other operating charges | 640/8 | €1,833 | €1,489 | -€344 | -18.8% |
| Gross operating margin | 9900 | €18,391 | €17,151 | -€1,240 | -6.7% |
| Operating profit (loss) | 9901 | €10,351 | €11,557 | +€1,206 | +11.7% |
| Financial income | 75/76B | €929 | €966 | +€37 | +4.0% |
| Recurring financial income | 75 | €929 | €966 | +€37 | +4.0% |
| Financial charges | 65/66B | €6,925 | €4,274 | -€2,651 | -38.3% |
| Recurring financial charges | 65 | €6,925 | €4,274 | -€2,651 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €4,355 | €8,249 | +€3,894 | +89.4% |
| Income taxes | 67/77 | €2,032 | €2,928 | +€896 | +44.1% |
| Profit (loss) for the period | 9904 | €2,323 | €5,321 | +€2,999 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €2,323 | €5,321 | +€2,999 | +129% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.