PIERRE LINCE CONSTRUCTION: what changed
What changed
PIERRE LINCE CONSTRUCTION
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€911
2024 · €4,352-€5,263
Equity
€245,508
2024 · €246,418-€911
Cash
€117,163
2024 · €110,864+€6,299
Balance sheet total
€2.2m
2024 · €2.3m-€136,520
Largest movements
Assets
- Stocks and contracts -€132,013
down €132,013 (-97.8%), from €135,000 to €2,987
- Receivables within one year +€28,595
up €28,595 (+14.5%), from €196,946 to €225,541
of which Trade receivables: +€17,148
- Tangible fixed assets -€24,401
down €24,401 (-13.5%), from €180,649 to €156,248
of which Plant, machinery and equipment: -€17,211
Equity and liabilities
- Trade debts -€71,417
down €71,417 (-22.3%), from €319,970 to €248,553
- Debts after one year -€44,274
down €44,274 (-3.6%), from €1.2m to €1.2m
Income statement
- Staff costs -€43,263
down €43,263 (-12.9%), from €334,561 to €291,298
- Gross operating margin -€28,439
down €28,439 (-7.3%), from €391,468 to €363,030
- Depreciation +€19,186
up €19,186 (+50.1%), from €38,283 to €57,468
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.
Result 2024
€4,352
Gross operating margin
-€28,439
Staff costs
+€43,263
Depreciation
-€19,186
Other operating charges
+€514
Other operating items
+€660
Financial income
-€372
Financial charges
-€3,502
Taxes
+€1,799
Result 2025
-€911
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€74,306
Investment
-€33,067
Financing
-€34,940
Cash 2024
€110,864
From operations (derived)
+€74,306
Net result for the year
-€911
Depreciation
+€57,468
Stocks and contracts
+€132,013
Receivables within one year
-€28,595
Deferred charges and accrued income
+€14,999
Trade debts
-€71,417
Tax, wage and social debts
-€14,733
Other debts
-€11,574
Accrued charges and deferred income
-€2,944
Investment (derived)
-€33,067
Investment in fixed assets (net)
-€33,067
Financing
-€34,940
Debts after one year
-€44,274
Current portion of long-term debt
+€9,333
Cash 2025
€117,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,292,104 | €2,155,584 | -€136,520 | -6.0% |
| Fixed assets | 21/28 | €1,832,062 | €1,807,660 | -€24,401 | -1.3% |
| Tangible fixed assets | 22/27 | €180,649 | €156,248 | -€24,401 | -13.5% |
| Land and buildings | 22 | €1,754 | €1,316 | -€439 | -25.0% |
| Plant, machinery and equipment | 23 | €59,172 | €41,960 | -€17,211 | -29.1% |
| Furniture and vehicles | 24 | €119,723 | €112,972 | -€6,751 | -5.6% |
| Financial fixed assets | 28 | €1,651,413 | €1,651,413 | = | 0.0% |
| Current assets | 29/58 | €460,042 | €347,923 | -€112,119 | -24.4% |
| Stocks and contracts in progress | 3 | €135,000 | €2,987 | -€132,013 | -97.8% |
| Stocks | 30/36 | €135,000 | €2,987 | -€132,013 | -97.8% |
| Amounts receivable within one year | 40/41 | €196,946 | €225,541 | +€28,595 | +14.5% |
| Trade receivables | 40 | €156,321 | €173,469 | +€17,148 | +11.0% |
| Other amounts receivable | 41 | €40,625 | €52,072 | +€11,447 | +28.2% |
| Cash at bank and in hand | 54/58 | €110,864 | €117,163 | +€6,299 | +5.7% |
| Deferred charges and accrued income | 490/1 | €17,231 | €2,232 | -€14,999 | -87.0% |
| Total equity and liabilities | 10/49 | €2,292,104 | €2,155,584 | -€136,520 | -6.0% |
| Equity | 10/15 | €246,418 | €245,508 | -€911 | -0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,081 | €193,081 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,489 | €19,489 | = | 0.0% |
| Distributable reserves | 133 | €173,593 | €173,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,137 | €46,227 | -€911 | -1.9% |
| Amounts payable | 17/49 | €2,045,685 | €1,910,076 | -€135,609 | -6.6% |
| Amounts payable after more than one year | 17 | €1,229,475 | €1,185,202 | -€44,274 | -3.6% |
| Financial debts | 170/4 | €1,229,475 | €1,185,202 | -€44,274 | -3.6% |
| Amounts payable within one year | 42/48 | €813,191 | €724,800 | -€88,391 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €53,022 | €62,355 | +€9,333 | +17.6% |
| Trade debts | 44 | €319,970 | €248,553 | -€71,417 | -22.3% |
| Suppliers | 440/4 | €319,970 | €248,553 | -€71,417 | -22.3% |
| Taxes, remuneration and social security | 45 | €40,088 | €25,355 | -€14,733 | -36.8% |
| Taxes | 450/3 | €5,367 | €7,750 | +€2,383 | +44.4% |
| Remuneration and social security | 454/9 | €34,721 | €17,605 | -€17,116 | -49.3% |
| Other amounts payable | 47/48 | €400,112 | €388,538 | -€11,574 | -2.9% |
| Accrued charges and deferred income | 492/3 | €3,019 | €75 | -€2,944 | -97.5% |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Remuneration, social security and pensions | 62 | €334,561 | €291,298 | -€43,263 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,283 | €57,468 | +€19,186 | +50.1% |
| Other operating charges | 640/8 | €3,169 | €2,655 | -€514 | -16.2% |
| Non-recurring operating charges | 66A | €2,230 | €1,570 | -€660 | -29.6% |
| Gross operating margin | 9900 | €391,468 | €363,030 | -€28,439 | -7.3% |
| Operating profit (loss) | 9901 | €13,226 | €10,038 | -€3,187 | -24.1% |
| Financial income | 75/76B | €841 | €468 | -€372 | -44.3% |
| Recurring financial income | 75 | €841 | €468 | -€372 | -44.3% |
| Financial charges | 65/66B | €6,094 | €9,596 | +€3,502 | +57.5% |
| Recurring financial charges | 65 | €6,094 | €9,596 | +€3,502 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €7,972 | €911 | -€7,062 | -88.6% |
| Income taxes | 67/77 | €3,620 | €1,821 | -€1,799 | -49.7% |
| Profit (loss) for the period | 9904 | €4,352 | -€911 | -€5,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,352 | -€911 | -€5,263 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.