PIERRE ET BOIS V.E.: what changed
PIERRE ET BOIS V.E.
Largest movements
- Tangible fixed assets -€25,311
down €25,311 (-9.3%), from €272,804 to €247,493
- Cash -€8,967
down €8,967 (-4.4%), from €201,514 to €192,547
mainly Net result for the year (-€27,769) and Investment in fixed assets (net) (-€22,562)
- Receivables within one year +€6,550
up €6,550 (+12.8%), from €51,274 to €57,824
of which Trade receivables: +€12,029
- Advances received +€33,878
new in 2025: €33,878
- Profit (loss) carried forward -€27,769
down €27,769 (-17.6%), from €157,897 to €130,128
- Debts after one year -€18,740
down €18,740 (-60.7%), from €30,877 to €12,137
- Trade debts -€7,660
down €7,660 (-46.6%), from €16,447 to €8,787
- Tax, wage and social debts -€5,333
down €5,333 (-20.1%), from €26,532 to €21,199
of which Remuneration and social security: -€3,395
- Gross operating margin -€132,619
down €132,619 (-81.5%), from €162,746 to €30,127
- Taxes -€31,440
down €31,440 (-98.4%), from €31,957 to €517
- Financial income -€7,909
down €7,909 (-89.6%), from €8,823 to €914
of which Non-recurring financial income: -€8,264
- Other operating charges -€4,321
down €4,321 (-70.6%), from €6,121 to €1,800
- Depreciation +€2,532
up €2,532 (+5.6%), from €45,341 to €47,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,645 | €506,271 | -€25,374 | -4.8% |
| Fixed assets | 21/28 | €273,629 | €248,318 | -€25,311 | -9.3% |
| Tangible fixed assets | 22/27 | €272,804 | €247,493 | -€25,311 | -9.3% |
| Land and buildings | 22 | €190,443 | €181,788 | -€8,655 | -4.5% |
| Plant, machinery and equipment | 23 | €4,036 | €5,546 | +€1,510 | +37.4% |
| Furniture and vehicles | 24 | €54,612 | €49,027 | -€5,585 | -10.2% |
| Leasing and similar rights | 25 | €23,713 | €11,132 | -€12,581 | -53.1% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €258,016 | €257,953 | -€63 | 0.0% |
| Amounts receivable within one year | 40/41 | €51,274 | €57,824 | +€6,550 | +12.8% |
| Trade receivables | 40 | €44,938 | €56,967 | +€12,029 | +26.8% |
| Other amounts receivable | 41 | €6,336 | €857 | -€5,479 | -86.5% |
| Cash at bank and in hand | 54/58 | €201,514 | €192,547 | -€8,967 | -4.4% |
| Deferred charges and accrued income | 490/1 | €5,228 | €7,582 | +€2,354 | +45.0% |
| Total equity and liabilities | 10/49 | €531,645 | €506,271 | -€25,374 | -4.8% |
| Equity | 10/15 | €435,757 | €407,988 | -€27,769 | -6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €117,000 | €117,000 | = | 0.0% |
| Reserves | 13 | €154,660 | €154,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,800 | €12,800 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,897 | €130,128 | -€27,769 | -17.6% |
| Amounts payable | 17/49 | €95,888 | €98,283 | +€2,395 | +2.5% |
| Amounts payable after more than one year | 17 | €30,877 | €12,137 | -€18,740 | -60.7% |
| Financial debts | 170/4 | €30,877 | €12,137 | -€18,740 | -60.7% |
| Amounts payable within one year | 42/48 | €65,011 | €86,146 | +€21,135 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €22,032 | €18,740 | -€3,292 | -14.9% |
| Trade debts | 44 | €16,447 | €8,787 | -€7,660 | -46.6% |
| Suppliers | 440/4 | €16,447 | €8,787 | -€7,660 | -46.6% |
| Advances received on contracts in progress | 46 | - | €33,878 | +€33,878 | |
| Taxes, remuneration and social security | 45 | €26,532 | €21,199 | -€5,333 | -20.1% |
| Taxes | 450/3 | €23,137 | €21,199 | -€1,938 | -8.4% |
| Remuneration and social security | 454/9 | €3,395 | - | -€3,395 | |
| Other amounts payable | 47/48 | - | €3,542 | +€3,542 | |
| Remuneration, social security and pensions | 62 | -€162 | - | +€162 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,341 | €47,873 | +€2,532 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €268 | - | -€268 | |
| Other operating charges | 640/8 | €6,121 | €1,800 | -€4,321 | -70.6% |
| Non-recurring operating charges | 66A | - | €5,600 | +€5,600 | |
| Gross operating margin | 9900 | €162,746 | €30,127 | -€132,619 | -81.5% |
| Operating profit (loss) | 9901 | €111,178 | -€25,146 | -€136,324 | |
| Financial income | 75/76B | €8,823 | €914 | -€7,909 | -89.6% |
| Recurring financial income | 75 | €559 | €914 | +€355 | +63.5% |
| Non-recurring financial income | 76B | €8,264 | - | -€8,264 | |
| Financial charges | 65/66B | €4,658 | €3,020 | -€1,638 | -35.2% |
| Recurring financial charges | 65 | €4,658 | €3,020 | -€1,638 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €115,343 | -€27,252 | -€142,595 | |
| Income taxes | 67/77 | €31,957 | €517 | -€31,440 | -98.4% |
| Profit (loss) for the period | 9904 | €83,386 | -€27,769 | -€111,155 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,386 | -€27,769 | -€111,155 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.