PIERRE OSTREGA: 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 OSTREGA
Largest movements
- Cash +€121,849
new in 2025: €121,849
mainly Net result for the year (+€55,676) and Advances received (+€25,000)
- Tangible fixed assets -€30,377
down €30,377 (-55.4%), from €54,821 to €24,444
of which Furniture and vehicles: -€29,463
- Profit (loss) carried forward +€55,676
up €55,676 (+7,473%), from €745 to €56,421
- Advances received +€25,000
new in 2025: €25,000
- Debts after one year +€9,576
up €9,576 (+41.4%), from €23,136 to €32,713
- Tax, wage and social debts -€7,927
down €7,927 (-23.5%), from €33,703 to €25,776
- Current portion of long-term debt +€7,753
up €7,753 (+51.8%), from €14,965 to €22,717
- Gross operating margin +€93,248
up €93,248 (+376%), from €24,778 to €118,026
- Financial charges +€27,617
up €27,617 (+3,630%), from €761 to €28,377
of which Non-recurring financial charges: +€26,278
- Taxes +€15,349
new in 2025: €15,349
- Depreciation -€4,939
down €4,939 (-21.0%), from €23,562 to €18,623
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 | €207,204 | €302,768 | +€95,564 | +46.1% |
| Fixed assets | 21/28 | €54,821 | €24,444 | -€30,377 | -55.4% |
| Tangible fixed assets | 22/27 | €54,821 | €24,444 | -€30,377 | -55.4% |
| Plant, machinery and equipment | 23 | €2,164 | €1,249 | -€915 | -42.3% |
| Furniture and vehicles | 24 | €52,657 | €23,195 | -€29,463 | -56.0% |
| Current assets | 29/58 | €152,383 | €278,324 | +€125,941 | +82.6% |
| Amounts receivable within one year | 40/41 | €151,650 | €153,815 | +€2,165 | +1.4% |
| Trade receivables | 40 | - | €265 | +€265 | |
| Other amounts receivable | 41 | €151,650 | €153,550 | +€1,900 | +1.3% |
| Cash at bank and in hand | 54/58 | - | €121,849 | +€121,849 | |
| Deferred charges and accrued income | 490/1 | €733 | €2,660 | +€1,927 | +263% |
| Total equity and liabilities | 10/49 | €207,204 | €302,768 | +€95,564 | +46.1% |
| Equity | 10/15 | €132,745 | €188,421 | +€55,676 | +41.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €124,500 | €124,500 | = | 0.0% |
| Distributable reserves | 133 | €124,500 | €124,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €745 | €56,421 | +€55,676 | +7,473% |
| Amounts payable | 17/49 | €74,459 | €114,347 | +€39,888 | +53.6% |
| Amounts payable after more than one year | 17 | €23,136 | €32,713 | +€9,576 | +41.4% |
| Financial debts | 170/4 | €23,136 | €32,713 | +€9,576 | +41.4% |
| Amounts payable within one year | 42/48 | €51,323 | €81,634 | +€30,311 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €14,965 | €22,717 | +€7,753 | +51.8% |
| Trade debts | 44 | €2,655 | €8,140 | +€5,485 | +207% |
| Suppliers | 440/4 | €2,655 | €8,140 | +€5,485 | +207% |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Taxes, remuneration and social security | 45 | €33,703 | €25,776 | -€7,927 | -23.5% |
| Taxes | 450/3 | €33,703 | €25,776 | -€7,927 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,562 | €18,623 | -€4,939 | -21.0% |
| Gross operating margin | 9900 | €24,778 | €118,026 | +€93,248 | +376% |
| Operating profit (loss) | 9901 | €1,216 | €99,403 | +€98,187 | +8,076% |
| Financial charges | 65/66B | €761 | €28,377 | +€27,617 | +3,630% |
| Recurring financial charges | 65 | €761 | €2,099 | +€1,338 | +176% |
| Non-recurring financial charges | 66B | - | €26,278 | +€26,278 | |
| Profit (loss) for the period before taxes | 9903 | €455 | €71,026 | +€70,570 | +15,507% |
| Income taxes | 67/77 | - | €15,349 | +€15,349 | |
| Profit (loss) for the period | 9904 | €455 | €55,676 | +€55,221 | +12,134% |
| Profit (loss) for the period to be appropriated | 9905 | €455 | €55,676 | +€55,221 | +12,134% |
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.