PIERRE: 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.
PIERRE
Largest movements
- Receivables within one year -€18,545
down €18,545 (-28.2%), from €65,702 to €47,158
of which Other amounts receivable: -€16,681
- Tangible fixed assets +€11,729
up €11,729 (+1.6%), from €723,891 to €735,620
of which Plant, machinery and equipment: +€13,990
- Debts after one year -€21,009
down €21,009 (-14.6%), from €144,335 to €123,326
of which Financial debts: -€21,009
- Reserves +€20,000
up €20,000 (+18.6%), from €107,714 to €127,714
of which Distributable reserves: +€20,000
- Trade debts -€13,695
down €13,695 (-36.1%), from €37,885 to €24,190
- Tax, wage and social debts +€12,708
up €12,708 (+68.5%), from €18,555 to €31,263
of which Taxes: +€11,938
- Depreciation -€16,715
down €16,715 (-55.8%), from €29,976 to €13,261
- Taxes +€10,282
up €10,282 (+219.6%), from €4,681 to €14,963
- Gross operating margin -€9,775
down €9,775 (-12.4%), from €78,915 to €69,140
- Financial charges +€2,740
up €2,740 (+38.1%), from €7,196 to €9,935
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 | €835,015 | €835,289 | +€273 | 0.0% |
| Fixed assets | 21/28 | €724,110 | €735,839 | +€11,729 | +1.6% |
| Tangible fixed assets | 22/27 | €723,891 | €735,620 | +€11,729 | +1.6% |
| Land and buildings | 22 | €669,961 | €669,961 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €13,990 | +€13,990 | |
| Furniture and vehicles | 24 | €11,958 | €9,541 | -€2,418 | -20.2% |
| Other tangible fixed assets | 26 | €41,971 | €42,128 | +€157 | +0.4% |
| Financial fixed assets | 28 | €219 | €219 | = | 0.0% |
| Current assets | 29/58 | €110,906 | €99,450 | -€11,456 | -10.3% |
| Amounts receivable within one year | 40/41 | €65,702 | €47,158 | -€18,545 | -28.2% |
| Trade receivables | 40 | €49,021 | €47,158 | -€1,864 | -3.8% |
| Other amounts receivable | 41 | €16,681 | €0 | -€16,681 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,351 | €37,826 | +€6,474 | +20.7% |
| Deferred charges and accrued income | 490/1 | €13,852 | €14,466 | +€614 | +4.4% |
| Total equity and liabilities | 10/49 | €835,015 | €835,289 | +€273 | 0.0% |
| Equity | 10/15 | €571,278 | €593,086 | +€21,808 | +3.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €107,714 | €127,714 | +€20,000 | +18.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €105,855 | €125,855 | +€20,000 | +18.9% |
| Profit (loss) carried forward | 14 | €457,367 | €459,175 | +€1,808 | +0.4% |
| Amounts payable | 17/49 | €263,737 | €242,203 | -€21,535 | -8.2% |
| Amounts payable after more than one year | 17 | €144,335 | €123,326 | -€21,009 | -14.6% |
| Financial debts | 170/4 | €64,335 | €43,326 | -€21,009 | -32.7% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €107,026 | €112,461 | +€5,435 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €20,586 | €21,009 | +€424 | +2.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €37,885 | €24,190 | -€13,695 | -36.1% |
| Suppliers | 440/4 | €37,885 | €24,190 | -€13,695 | -36.1% |
| Taxes, remuneration and social security | 45 | €18,555 | €31,263 | +€12,708 | +68.5% |
| Taxes | 450/3 | €14,213 | €26,151 | +€11,938 | +84.0% |
| Remuneration and social security | 454/9 | €4,343 | €5,112 | +€770 | +17.7% |
| Other amounts payable | 47/48 | €30,000 | €35,998 | +€5,998 | +20.0% |
| Accrued charges and deferred income | 492/3 | €12,376 | €6,416 | -€5,960 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,976 | €13,261 | -€16,715 | -55.8% |
| Other operating charges | 640/8 | €9,196 | €9,202 | +€7 | +0.1% |
| Gross operating margin | 9900 | €78,915 | €69,140 | -€9,775 | -12.4% |
| Operating profit (loss) | 9901 | €39,743 | €46,677 | +€6,933 | +17.4% |
| Financial income | 75/76B | €386 | €30 | -€356 | -92.2% |
| Recurring financial income | 75 | €386 | €30 | -€356 | -92.2% |
| Financial charges | 65/66B | €7,196 | €9,935 | +€2,740 | +38.1% |
| Recurring financial charges | 65 | €7,196 | €9,935 | +€2,740 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | €32,934 | €36,771 | +€3,838 | +11.7% |
| Income taxes | 67/77 | €4,681 | €14,963 | +€10,282 | +219.6% |
| Profit (loss) for the period | 9904 | €28,252 | €21,808 | -€6,445 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,252 | €21,808 | -€6,445 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.