PIERRE-ANDRE VIDAL: 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-ANDRE VIDAL
Largest movements
- Receivables within one year +€21,794
up €21,794 (+171.3%), from €12,724 to €34,518
of which Other amounts receivable: +€26,496
- Tangible fixed assets -€4,822
down €4,822 (-40.9%), from €11,781 to €6,959
- Intangible fixed assets -€4,300
down €4,300 (-11.1%), from €38,676 to €34,376
- Cash -€3,204
down €3,204 (-100.0%), from €3,204 to €0
mainly Contributions, distributions and other (-€25,167) and Receivables within one year (-€21,794)
- Profit (loss) carried forward +€13,029
up €13,029 (+50.9%), from €25,613 to €38,642
- Other debts -€5,873
down €5,873 (-21.7%), from €27,123 to €21,250
- Short-term financial debts +€4,655
new in 2025: €4,655
- Tax, wage and social debts -€1,910
down €1,910 (-18.6%), from €10,266 to €8,356
of which Taxes: -€4,044
- Gross operating margin +€31,124
up €31,124 (+109.8%), from €28,350 to €59,473
- Taxes +€7,003
up €7,003 (+184.8%), from €3,789 to €10,792
- Financial income +€1,298
up €1,298 (+50114.3%), from €3 to €1,301
- Other operating charges +€971
up €971 (+241.4%), from €402 to €1,373
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 | €66,592 | €76,000 | +€9,408 | +14.1% |
| Fixed assets | 21/28 | €50,457 | €41,336 | -€9,121 | -18.1% |
| Intangible fixed assets | 21 | €38,676 | €34,376 | -€4,300 | -11.1% |
| Tangible fixed assets | 22/27 | €11,781 | €6,959 | -€4,822 | -40.9% |
| Furniture and vehicles | 24 | €11,781 | €6,959 | -€4,822 | -40.9% |
| Current assets | 29/58 | €16,135 | €34,664 | +€18,529 | +114.8% |
| Amounts receivable within one year | 40/41 | €12,724 | €34,518 | +€21,794 | +171.3% |
| Trade receivables | 40 | €12,724 | €8,022 | -€4,702 | -37.0% |
| Other amounts receivable | 41 | - | €26,496 | +€26,496 | |
| Cash at bank and in hand | 54/58 | €3,204 | €0 | -€3,204 | -100.0% |
| Deferred charges and accrued income | 490/1 | €206 | €146 | -€60 | -29.2% |
| Total equity and liabilities | 10/49 | €66,592 | €76,000 | +€9,408 | +14.1% |
| Equity | 10/15 | €28,613 | €41,642 | +€13,029 | +45.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,613 | €38,642 | +€13,029 | +50.9% |
| Amounts payable | 17/49 | €37,979 | €34,358 | -€3,621 | -9.5% |
| Amounts payable within one year | 42/48 | €37,979 | €34,358 | -€3,621 | -9.5% |
| Financial debts | 43 | - | €4,655 | +€4,655 | |
| Credit institutions | 430/8 | - | €4,655 | +€4,655 | |
| Trade debts | 44 | €590 | €97 | -€493 | -83.6% |
| Suppliers | 440/4 | €590 | €97 | -€493 | -83.6% |
| Taxes, remuneration and social security | 45 | €10,266 | €8,356 | -€1,910 | -18.6% |
| Taxes | 450/3 | €10,266 | €6,221 | -€4,044 | -39.4% |
| Remuneration and social security | 454/9 | - | €2,135 | +€2,135 | |
| Other amounts payable | 47/48 | €27,123 | €21,250 | -€5,873 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,112 | €10,278 | +€166 | +1.6% |
| Other operating charges | 640/8 | €402 | €1,373 | +€971 | +241.4% |
| Gross operating margin | 9900 | €28,350 | €59,473 | +€31,124 | +109.8% |
| Operating profit (loss) | 9901 | €17,836 | €47,823 | +€29,987 | +168.1% |
| Financial income | 75/76B | €3 | €1,301 | +€1,298 | +50114.3% |
| Recurring financial income | 75 | €3 | €1,301 | +€1,298 | +50114.3% |
| Financial charges | 65/66B | €133 | €136 | +€3 | +2.3% |
| Recurring financial charges | 65 | €133 | €136 | +€3 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €17,706 | €48,988 | +€31,282 | +176.7% |
| Income taxes | 67/77 | €3,789 | €10,792 | +€7,003 | +184.8% |
| Profit (loss) for the period | 9904 | €13,917 | €38,195 | +€24,278 | +174.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,917 | €38,195 | +€24,278 | +174.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.