PIERRART: 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.
PIERRART
Largest movements
- Cash +€15,661
up €15,661 (+35.7%), from €43,861 to €59,522
mainly Net result for the year (+€23,786) and Depreciation (+€10,824)
- Receivables within one year -€10,343
down €10,343 (-18.1%), from €57,039 to €46,696
of which Other amounts receivable: -€8,352
- Tangible fixed assets -€8,123
down €8,123 (-19.1%), from €42,526 to €34,403
of which Furniture and vehicles: -€5,858
- Stocks and contracts +€6,034
up €6,034 (+7.9%), from €76,817 to €82,851
- Profit (loss) carried forward +€23,786
up €23,786 (+16.4%), from €145,304 to €169,090
- Trade debts -€7,517
down €7,517 (-19.0%), from €39,518 to €32,001
- Tax, wage and social debts -€5,178
down €5,178 (-29.2%), from €17,755 to €12,577
of which Taxes: -€2,942
- Debts after one year -€4,290
down €4,290 (-49.0%), from €8,752 to €4,462
- Accrued charges and deferred income -€2,571
down €2,571 (-95.4%), from €2,695 to €124
- Gross operating margin +€17,038
up €17,038 (+51.7%), from €32,982 to €50,020
- Taxes +€3,473
up €3,473 (+85.4%), from €4,067 to €7,540
- Staff costs -€1,400
down €1,400 (-19.4%), from €7,232 to €5,832
- Financial charges +€1,170
up €1,170 (+104%), from €1,120 to €2,290
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 | €226,797 | €231,023 | +€4,226 | +1.9% |
| Fixed assets | 21/28 | €42,876 | €34,753 | -€8,123 | -18.9% |
| Tangible fixed assets | 22/27 | €42,526 | €34,403 | -€8,123 | -19.1% |
| Land and buildings | 22 | €22,954 | €20,909 | -€2,045 | -8.9% |
| Plant, machinery and equipment | 23 | €9,567 | €9,347 | -€220 | -2.3% |
| Furniture and vehicles | 24 | €10,005 | €4,147 | -€5,858 | -58.6% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €183,921 | €196,270 | +€12,349 | +6.7% |
| Stocks and contracts in progress | 3 | €76,817 | €82,851 | +€6,034 | +7.9% |
| Stocks | 30/36 | €76,817 | €82,851 | +€6,034 | +7.9% |
| Amounts receivable within one year | 40/41 | €57,039 | €46,696 | -€10,343 | -18.1% |
| Trade receivables | 40 | €39,788 | €37,797 | -€1,991 | -5.0% |
| Other amounts receivable | 41 | €17,251 | €8,899 | -€8,352 | -48.4% |
| Cash at bank and in hand | 54/58 | €43,861 | €59,522 | +€15,661 | +35.7% |
| Deferred charges and accrued income | 490/1 | €6,204 | €7,201 | +€997 | +16.1% |
| Total equity and liabilities | 10/49 | €226,797 | €231,023 | +€4,226 | +1.9% |
| Equity | 10/15 | €153,364 | €177,150 | +€23,786 | +15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,304 | €169,090 | +€23,786 | +16.4% |
| Amounts payable | 17/49 | €73,433 | €53,873 | -€19,560 | -26.6% |
| Amounts payable after more than one year | 17 | €8,752 | €4,462 | -€4,290 | -49.0% |
| Financial debts | 170/4 | €8,752 | €4,462 | -€4,290 | -49.0% |
| Amounts payable within one year | 42/48 | €61,986 | €49,287 | -€12,699 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €4,124 | €4,290 | +€166 | +4.0% |
| Trade debts | 44 | €39,518 | €32,001 | -€7,517 | -19.0% |
| Suppliers | 440/4 | €39,518 | €32,001 | -€7,517 | -19.0% |
| Taxes, remuneration and social security | 45 | €17,755 | €12,577 | -€5,178 | -29.2% |
| Taxes | 450/3 | €14,653 | €11,711 | -€2,942 | -20.1% |
| Remuneration and social security | 454/9 | €3,102 | €866 | -€2,236 | -72.1% |
| Other amounts payable | 47/48 | €589 | €419 | -€170 | -28.9% |
| Accrued charges and deferred income | 492/3 | €2,695 | €124 | -€2,571 | -95.4% |
| Remuneration, social security and pensions | 62 | €7,232 | €5,832 | -€1,400 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,661 | €10,824 | +€163 | +1.5% |
| Other operating charges | 640/8 | €518 | €480 | -€38 | -7.3% |
| Gross operating margin | 9900 | €32,982 | €50,020 | +€17,038 | +51.7% |
| Operating profit (loss) | 9901 | €14,571 | €32,884 | +€18,313 | +126% |
| Financial income | 75/76B | €449 | €732 | +€283 | +63.0% |
| Recurring financial income | 75 | €449 | €732 | +€283 | +63.0% |
| Financial charges | 65/66B | €1,120 | €2,290 | +€1,170 | +104% |
| Recurring financial charges | 65 | €1,120 | €2,290 | +€1,170 | +104% |
| Profit (loss) for the period before taxes | 9903 | €13,900 | €31,326 | +€17,426 | +125% |
| Income taxes | 67/77 | €4,067 | €7,540 | +€3,473 | +85.4% |
| Profit (loss) for the period | 9904 | €9,833 | €23,786 | +€13,953 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €9,833 | €23,786 | +€13,953 | +142% |
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 30 October 2026 via checked.be.