PIERRE CAILLIAU: 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 CAILLIAU
Largest movements
- Receivables within one year +€13,672
up €13,672 (+81.5%), from €16,772 to €30,443
of which Other amounts receivable: +€17,079
- Stocks and contracts -€9,410
down €9,410 (-100%), from €9,410 to €0
- Cash +€2,061
up €2,061 (+31.8%), from €6,474 to €8,535
mainly Other debts (+€19,665) and Net result for the year (+€11,907)
- Other debts +€19,665
up €19,665, from €0 to €19,665
- Reserves -€7,758
down €7,758 (-11.5%), from €67,705 to €59,947
- Trade debts -€4,627
down €4,627 (-28.1%), from €16,483 to €11,856
- Gross operating margin +€13,121
up €13,121 (+155%), from €8,467 to €21,588
- Taxes +€2,368
up €2,368 (+368%), from €643 to €3,012
- Financial income +€387
up €387 (+407%), from €95 to €483
- Other operating charges -€233
down €233 (-12.0%), from €1,941 to €1,708
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 | €88,002 | €95,219 | +€7,217 | +8.2% |
| Fixed assets | 21/28 | €54,475 | €55,076 | +€601 | +1.1% |
| Tangible fixed assets | 22/27 | €54,475 | €55,076 | +€601 | +1.1% |
| Land and buildings | 22 | €44,000 | €44,000 | = | 0.0% |
| Furniture and vehicles | 24 | €10,475 | €11,076 | +€601 | +5.7% |
| Current assets | 29/58 | €33,527 | €40,143 | +€6,616 | +19.7% |
| Stocks and contracts in progress | 3 | €9,410 | €0 | -€9,410 | -100% |
| Contracts in progress | 37 | €9,410 | €0 | -€9,410 | -100% |
| Amounts receivable within one year | 40/41 | €16,772 | €30,443 | +€13,672 | +81.5% |
| Trade receivables | 40 | €3,969 | €562 | -€3,407 | -85.8% |
| Other amounts receivable | 41 | €12,802 | €29,881 | +€17,079 | +133% |
| Cash at bank and in hand | 54/58 | €6,474 | €8,535 | +€2,061 | +31.8% |
| Deferred charges and accrued income | 490/1 | €871 | €1,164 | +€293 | +33.6% |
| Total equity and liabilities | 10/49 | €88,002 | €95,219 | +€7,217 | +8.2% |
| Equity | 10/15 | €70,705 | €62,947 | -€7,758 | -11.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €67,705 | €59,947 | -€7,758 | -11.5% |
| Distributable reserves | 133 | €67,705 | €59,947 | -€7,758 | -11.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,297 | €32,271 | +€14,974 | +86.6% |
| Amounts payable within one year | 42/48 | €17,297 | €32,271 | +€14,974 | +86.6% |
| Trade debts | 44 | €16,483 | €11,856 | -€4,627 | -28.1% |
| Suppliers | 440/4 | €16,483 | €11,856 | -€4,627 | -28.1% |
| Taxes, remuneration and social security | 45 | €814 | €750 | -€64 | -7.9% |
| Taxes | 450/3 | €814 | €750 | -€64 | -7.9% |
| Other amounts payable | 47/48 | €0 | €19,665 | +€19,665 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,260 | €4,427 | +€167 | +3.9% |
| Other operating charges | 640/8 | €1,941 | €1,708 | -€233 | -12.0% |
| Non-recurring operating charges | 66A | - | €972 | +€972 | |
| Gross operating margin | 9900 | €8,467 | €21,588 | +€13,121 | +155% |
| Operating profit (loss) | 9901 | €2,266 | €14,481 | +€12,215 | +539% |
| Financial income | 75/76B | €95 | €483 | +€387 | +407% |
| Recurring financial income | 75 | €95 | €483 | +€387 | +407% |
| Financial charges | 65/66B | €147 | €45 | -€102 | -69.3% |
| Recurring financial charges | 65 | €147 | €45 | -€102 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €2,215 | €14,919 | +€12,704 | +574% |
| Income taxes | 67/77 | €643 | €3,012 | +€2,368 | +368% |
| Profit (loss) for the period | 9904 | €1,572 | €11,907 | +€10,336 | +658% |
| Profit (loss) for the period to be appropriated | 9905 | €1,572 | €11,907 | +€10,336 | +658% |
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 20 October 2026 via checked.be.