PIERRE FONTAINE: 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 FONTAINE
Largest movements
- Tangible fixed assets -€2,530
down €2,530 (-50.0%), from €5,059 to €2,529
- Debts after one year -€2,941
down €2,941 (-71.9%), from €4,089 to €1,148
- Gross operating margin +€6,842
up €6,842 (+80.1%), from €8,548 to €15,390
- Other operating charges +€2,687
up €2,687 (+32.5%), from €8,261 to €10,947
- Financial income -€681
down €681 (-37.3%), from €1,824 to €1,142
- Financial charges +€620
up €620 (+32.5%), from €1,908 to €2,528
- Taxes -€167
down €167 (-54.2%), from €308 to €141
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,480 | €225,044 | -€2,437 | -1.1% |
| Fixed assets | 21/28 | €5,059 | €2,529 | -€2,530 | -50.0% |
| Tangible fixed assets | 22/27 | €5,059 | €2,529 | -€2,530 | -50.0% |
| Land and buildings | 22 | €5,059 | €2,529 | -€2,530 | -50.0% |
| Current assets | 29/58 | €222,421 | €222,514 | +€93 | 0.0% |
| Amounts receivable after more than one year | 29 | €28,648 | €28,648 | = | 0.0% |
| Other amounts receivable | 291 | €28,648 | €28,648 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €193,774 | €193,867 | +€93 | 0.0% |
| Trade receivables | 40 | €170,624 | €141,214 | -€29,410 | -17.2% |
| Other amounts receivable | 41 | €23,149 | €52,653 | +€29,503 | +127% |
| Total equity and liabilities | 10/49 | €227,480 | €225,044 | -€2,437 | -1.1% |
| Equity | 10/15 | €201,311 | €201,698 | +€387 | +0.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,615 | €44,615 | = | 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% |
| Distributable reserves | 133 | €42,755 | €42,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,297 | €144,683 | +€387 | +0.3% |
| Amounts payable | 17/49 | €26,169 | €23,346 | -€2,824 | -10.8% |
| Amounts payable after more than one year | 17 | €4,089 | €1,148 | -€2,941 | -71.9% |
| Financial debts | 170/4 | €4,089 | €1,148 | -€2,941 | -71.9% |
| Amounts payable within one year | 42/48 | €22,080 | €22,197 | +€117 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €2,831 | €2,941 | +€110 | +3.9% |
| Financial debts | 43 | €19,249 | €18,716 | -€534 | -2.8% |
| Credit institutions | 430/8 | €19,249 | €18,716 | -€534 | -2.8% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | - | €141 | +€141 | |
| Taxes | 450/3 | - | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,530 | €2,530 | = | 0.0% |
| Other operating charges | 640/8 | €8,261 | €10,947 | +€2,687 | +32.5% |
| Gross operating margin | 9900 | €8,548 | €15,390 | +€6,842 | +80.1% |
| Operating profit (loss) | 9901 | -€2,242 | €1,913 | +€4,156 | |
| Financial income | 75/76B | €1,824 | €1,142 | -€681 | -37.3% |
| Recurring financial income | 75 | €1,824 | €1,142 | -€681 | -37.3% |
| Financial charges | 65/66B | €1,908 | €2,528 | +€620 | +32.5% |
| Recurring financial charges | 65 | €1,908 | €2,528 | +€620 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,327 | €528 | +€2,855 | |
| Income taxes | 67/77 | €308 | €141 | -€167 | -54.2% |
| Profit (loss) for the period | 9904 | -€2,635 | €387 | +€3,022 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,635 | €387 | +€3,022 |
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.