PIERRARD: 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.
PIERRARD
Largest movements
- Cash +€306,139
up €306,139 (+120.9%), from €253,164 to €559,303
mainly Current investments (+€200,000) and Depreciation (+€48,406)
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Tangible fixed assets -€48,406
down €48,406 (-15.5%), from €312,059 to €263,653
of which Land and buildings: -€33,031
- Receivables within one year -€37,690
down €37,690 (-19.5%), from €193,410 to €155,719
of which Trade receivables: -€29,089
- Profit (loss) carried forward +€46,602
up €46,602 (+10.5%), from €443,870 to €490,472
- Tax, wage and social debts -€32,855
down €32,855 (-99.9%), from €32,899 to €43
- Trade debts +€25,683
up €25,683 (+9.1%), from €282,529 to €308,212
- Current portion of long-term debt -€19,360
down €19,360 (-12.3%), from €157,214 to €137,854
- Turnover +€92,973
up €92,973 (+6.9%), from €1.3m to €1.4m
- Purchases and services +€87,245
up €87,245 (+7.1%), from €1.2m to €1.3m
- Other operating charges -€31,689
down €31,689 (-99.1%), from €31,971 to €282
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €986,972 | €1,008,494 | +€21,522 | +2.2% |
| Fixed assets | 21/28 | €313,060 | €264,654 | -€48,406 | -15.5% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €312,059 | €263,653 | -€48,406 | -15.5% |
| Land and buildings | 22 | €251,840 | €218,809 | -€33,031 | -13.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €60,219 | €44,844 | -€15,375 | -25.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €673,912 | €743,840 | +€69,928 | +10.4% |
| Stocks and contracts in progress | 3 | €27,339 | €28,818 | +€1,479 | +5.4% |
| Stocks | 30/36 | €27,339 | €28,818 | +€1,479 | +5.4% |
| Amounts receivable within one year | 40/41 | €193,410 | €155,719 | -€37,690 | -19.5% |
| Trade receivables | 40 | €178,190 | €149,101 | -€29,089 | -16.3% |
| Other amounts receivable | 41 | €15,219 | €6,618 | -€8,601 | -56.5% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €253,164 | €559,303 | +€306,139 | +120.9% |
| Total equity and liabilities | 10/49 | €986,972 | €1,008,494 | +€21,522 | +2.2% |
| Equity | 10/15 | €464,330 | €510,932 | +€46,602 | +10.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,870 | €490,472 | +€46,602 | +10.5% |
| Amounts payable | 17/49 | €522,642 | €497,562 | -€25,080 | -4.8% |
| Amounts payable within one year | 42/48 | €522,642 | €497,562 | -€25,080 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €157,214 | €137,854 | -€19,360 | -12.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €282,529 | €308,212 | +€25,683 | +9.1% |
| Suppliers | 440/4 | €282,529 | €308,212 | +€25,683 | +9.1% |
| Taxes, remuneration and social security | 45 | €32,899 | €43 | -€32,855 | -99.9% |
| Taxes | 450/3 | €32,899 | €43 | -€32,855 | -99.9% |
| Other amounts payable | 47/48 | - | €1,453 | +€1,453 | |
| Turnover | 70 | €1,341,434 | €1,434,407 | +€92,973 | +6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,234,353 | €1,321,599 | +€87,245 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,249 | €48,406 | +€12,156 | +33.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,020 | - | +€1,020 | |
| Other operating charges | 640/8 | €31,971 | €282 | -€31,689 | -99.1% |
| Gross operating margin | 9900 | €111,284 | €120,389 | +€9,104 | +8.2% |
| Operating profit (loss) | 9901 | €44,085 | €71,701 | +€27,616 | +62.6% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €5,582 | €8,048 | +€2,467 | +44.2% |
| Recurring financial charges | 65 | €5,582 | €8,048 | +€2,467 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €38,532 | €63,652 | +€25,120 | +65.2% |
| Income taxes | 67/77 | €9,540 | €17,050 | +€7,510 | +78.7% |
| Profit (loss) for the period | 9904 | €28,992 | €46,602 | +€17,610 | +60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,992 | €46,602 | +€17,610 | +60.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.