Pierre d'Anvers: 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 d'Anvers
Largest movements
- Stocks and contracts -€310,000
down €310,000 (-14.9%), from €2.1m to €1.8m
- Receivables within one year +€93,373
up €93,373 (+297%), from €31,487 to €124,860
of which Trade receivables: +€110,000
- Debts after one year -€198,829
down €198,829 (-14.2%), from €1.4m to €1.2m
- Profit (loss) carried forward -€117,579
new in 2025: -€117,579
- Trade debts +€116,383
up €116,383 (+2,583%), from €4,506 to €120,889
- Gross operating margin -€140,281
down €140,281, from €93,306 to -€46,975
- Taxes -€5,909
no longer reported in 2025 (was €5,909)
- Other operating charges +€3,881
up €3,881 (+24.4%), from €15,896 to €19,776
- Financial charges -€2,770
down €2,770 (-5.0%), from €55,639 to €52,869
- Financial income +€2,041
new in 2025: €2,041
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 | €2,112,083 | €1,899,054 | -€213,029 | -10.1% |
| Fixed assets | 21/28 | €2 | €2 | = | 0.0% |
| Financial fixed assets | 28 | €2 | €2 | = | 0.0% |
| Current assets | 29/58 | €2,112,081 | €1,899,052 | -€213,029 | -10.1% |
| Stocks and contracts in progress | 3 | €2,074,371 | €1,764,371 | -€310,000 | -14.9% |
| Stocks | 30/36 | €2,074,371 | €1,764,371 | -€310,000 | -14.9% |
| Amounts receivable within one year | 40/41 | €31,487 | €124,860 | +€93,373 | +297% |
| Trade receivables | 40 | - | €110,000 | +€110,000 | |
| Other amounts receivable | 41 | €31,487 | €14,860 | -€16,627 | -52.8% |
| Cash at bank and in hand | 54/58 | €6,223 | €9,200 | +€2,976 | +47.8% |
| Deferred charges and accrued income | 490/1 | - | €621 | +€621 | |
| Total equity and liabilities | 10/49 | €2,112,083 | €1,899,054 | -€213,029 | -10.1% |
| Equity | 10/15 | €426,402 | €308,823 | -€117,579 | -27.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €226,402 | €226,402 | = | 0.0% |
| Distributable reserves | 133 | €226,402 | €226,402 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€117,579 | -€117,579 | |
| Amounts payable | 17/49 | €1,685,682 | €1,590,232 | -€95,450 | -5.7% |
| Amounts payable after more than one year | 17 | €1,398,958 | €1,200,129 | -€198,829 | -14.2% |
| Financial debts | 170/4 | €1,398,958 | €1,200,129 | -€198,829 | -14.2% |
| Amounts payable within one year | 42/48 | €286,724 | €390,102 | +€103,379 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €75,003 | €65,308 | -€9,695 | -12.9% |
| Trade debts | 44 | €4,506 | €120,889 | +€116,383 | +2,583% |
| Suppliers | 440/4 | €4,506 | €120,889 | +€116,383 | +2,583% |
| Taxes, remuneration and social security | 45 | €4,730 | €4,229 | -€501 | -10.6% |
| Taxes | 450/3 | €4,730 | €4,229 | -€501 | -10.6% |
| Other amounts payable | 47/48 | €202,484 | €199,676 | -€2,808 | -1.4% |
| Other operating charges | 640/8 | €15,896 | €19,776 | +€3,881 | +24.4% |
| Gross operating margin | 9900 | €93,306 | -€46,975 | -€140,281 | |
| Operating profit (loss) | 9901 | €77,410 | -€66,751 | -€144,161 | |
| Financial income | 75/76B | - | €2,041 | +€2,041 | |
| Recurring financial income | 75 | - | €2,041 | +€2,041 | |
| Financial charges | 65/66B | €55,639 | €52,869 | -€2,770 | -5.0% |
| Recurring financial charges | 65 | €55,639 | €52,869 | -€2,770 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €21,772 | -€117,579 | -€139,351 | |
| Income taxes | 67/77 | €5,909 | - | -€5,909 | |
| Profit (loss) for the period | 9904 | €15,862 | -€117,579 | -€133,441 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,862 | -€117,579 | -€133,441 |
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 29 October 2026 via checked.be.