PIERRE BASTIEN: 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.
PIERRE BASTIEN
Largest movements
- Tangible fixed assets -€71,402
down €71,402 (-9.8%), from €726,610 to €655,208
- Cash +€31,591
up €31,591 (+7.9%), from €401,869 to €433,460
mainly Net result for the year (+€340,125) and Other debts (+€75,619)
- Receivables within one year +€15,820
up €15,820 (+334%), from €4,734 to €20,554
of which Other amounts receivable: +€10,408
- Other debts +€75,619
up €75,619 (+25.7%), from €294,700 to €370,319
- Profit (loss) carried forward -€49,875
down €49,875 (-21.2%), from €235,500 to €185,625
- Debts after one year -€27,651
down €27,651 (-5.7%), from €488,786 to €461,135
- Trade debts -€17,994
down €17,994 (-54.9%), from €32,763 to €14,769
- Gross operating margin +€5,297
up €5,297 (+1.1%), from €499,333 to €504,630
- Taxes -€5,085
down €5,085 (-4.4%), from €114,740 to €109,655
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 | €1,137,148 | €1,111,411 | -€25,737 | -2.3% |
| Fixed assets | 21/28 | €726,610 | €655,208 | -€71,402 | -9.8% |
| Tangible fixed assets | 22/27 | €726,610 | €655,208 | -€71,402 | -9.8% |
| Land and buildings | 22 | €631,535 | €596,017 | -€35,518 | -5.6% |
| Furniture and vehicles | 24 | €12,148 | €4,768 | -€7,380 | -60.8% |
| Other tangible fixed assets | 26 | €82,927 | €54,423 | -€28,504 | -34.4% |
| Current assets | 29/58 | €410,538 | €456,203 | +€45,665 | +11.1% |
| Amounts receivable within one year | 40/41 | €4,734 | €20,554 | +€15,820 | +334% |
| Trade receivables | 40 | €4,508 | €9,920 | +€5,412 | +120% |
| Other amounts receivable | 41 | €226 | €10,634 | +€10,408 | +4,605% |
| Cash at bank and in hand | 54/58 | €401,869 | €433,460 | +€31,591 | +7.9% |
| Deferred charges and accrued income | 490/1 | €3,935 | €2,189 | -€1,746 | -44.4% |
| Total equity and liabilities | 10/49 | €1,137,148 | €1,111,411 | -€25,737 | -2.3% |
| Equity | 10/15 | €254,050 | €204,175 | -€49,875 | -19.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €235,500 | €185,625 | -€49,875 | -21.2% |
| Amounts payable | 17/49 | €883,098 | €907,236 | +€24,138 | +2.7% |
| Amounts payable after more than one year | 17 | €488,786 | €461,135 | -€27,651 | -5.7% |
| Financial debts | 170/4 | €488,786 | €461,135 | -€27,651 | -5.7% |
| Amounts payable within one year | 42/48 | €393,630 | €445,593 | +€51,963 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €27,170 | €27,651 | +€481 | +1.8% |
| Trade debts | 44 | €32,763 | €14,769 | -€17,994 | -54.9% |
| Suppliers | 440/4 | €32,763 | €14,769 | -€17,994 | -54.9% |
| Taxes, remuneration and social security | 45 | €38,997 | €32,854 | -€6,143 | -15.8% |
| Taxes | 450/3 | €38,997 | €32,854 | -€6,143 | -15.8% |
| Other amounts payable | 47/48 | €294,700 | €370,319 | +€75,619 | +25.7% |
| Accrued charges and deferred income | 492/3 | €682 | €508 | -€174 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,283 | €44,269 | -€2,014 | -4.4% |
| Other operating charges | 640/8 | €4,157 | €4,218 | +€61 | +1.5% |
| Gross operating margin | 9900 | €499,333 | €504,630 | +€5,297 | +1.1% |
| Operating profit (loss) | 9901 | €448,893 | €456,143 | +€7,250 | +1.6% |
| Financial income | 75/76B | €2,622 | €2,613 | -€9 | -0.3% |
| Recurring financial income | 75 | €2,622 | €2,613 | -€9 | -0.3% |
| Financial charges | 65/66B | €9,486 | €8,976 | -€510 | -5.4% |
| Recurring financial charges | 65 | €9,486 | €8,976 | -€510 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €442,029 | €449,780 | +€7,751 | +1.8% |
| Income taxes | 67/77 | €114,740 | €109,655 | -€5,085 | -4.4% |
| Profit (loss) for the period | 9904 | €327,289 | €340,125 | +€12,836 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €327,289 | €340,125 | +€12,836 | +3.9% |
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 19 October 2026 via checked.be.