PIERRE PRECIEUSE: 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 PRECIEUSE
Largest movements
- Deferred charges and accrued income +€88,931
up €88,931 (+233%), from €38,187 to €127,118
- Tangible fixed assets -€78,809
down €78,809 (-8.0%), from €987,054 to €908,245
of which Plant, machinery and equipment: -€59,177
- Cash -€35,830
down €35,830 (-8.4%), from €425,114 to €389,285
mainly Contributions, distributions and other (-€280,000) and Debts after one year (-€97,071)
- Receivables within one year +€22,273
up €22,273 (+24.9%), from €89,631 to €111,905
of which Trade receivables: +€19,016
- Debts after one year -€97,071
down €97,071 (-29.7%), from €326,588 to €229,517
- Tax, wage and social debts +€63,426
up €63,426 (+18.2%), from €348,399 to €411,825
of which Remuneration and social security: +€60,530
- Other debts +€60,000
up €60,000 (+21.4%), from €280,000 to €340,000
- Trade debts -€50,409
down €50,409 (-74.7%), from €67,440 to €17,031
- Staff costs +€346,966
up €346,966 (+18.0%), from €1.9m to €2.3m
- Gross operating margin +€346,176
up €346,176 (+14.7%), from €2.4m to €2.7m
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 | €1,540,350 | €1,536,916 | -€3,434 | -0.2% |
| Fixed assets | 21/28 | €987,417 | €908,608 | -€78,809 | -8.0% |
| Tangible fixed assets | 22/27 | €987,054 | €908,245 | -€78,809 | -8.0% |
| Land and buildings | 22 | €316,831 | €311,471 | -€5,359 | -1.7% |
| Plant, machinery and equipment | 23 | €637,511 | €578,335 | -€59,177 | -9.3% |
| Furniture and vehicles | 24 | €8,194 | €6,180 | -€2,014 | -24.6% |
| Leasing and similar rights | 25 | €24,518 | €12,259 | -€12,259 | -50.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €552,933 | €628,308 | +€75,375 | +13.6% |
| Amounts receivable within one year | 40/41 | €89,631 | €111,905 | +€22,273 | +24.9% |
| Trade receivables | 40 | €49,365 | €68,380 | +€19,016 | +38.5% |
| Other amounts receivable | 41 | €40,267 | €43,524 | +€3,258 | +8.1% |
| Cash at bank and in hand | 54/58 | €425,114 | €389,285 | -€35,830 | -8.4% |
| Deferred charges and accrued income | 490/1 | €38,187 | €127,118 | +€88,931 | +233% |
| Total equity and liabilities | 10/49 | €1,540,350 | €1,536,916 | -€3,434 | -0.2% |
| Equity | 10/15 | €339,381 | €342,080 | +€2,698 | +0.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,121 | €327,820 | +€2,698 | +0.8% |
| Amounts payable | 17/49 | €1,200,969 | €1,194,836 | -€6,133 | -0.5% |
| Amounts payable after more than one year | 17 | €326,588 | €229,517 | -€97,071 | -29.7% |
| Financial debts | 170/4 | €326,588 | €229,517 | -€97,071 | -29.7% |
| Amounts payable within one year | 42/48 | €866,245 | €957,483 | +€91,238 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €170,405 | €183,543 | +€13,138 | +7.7% |
| Trade debts | 44 | €67,440 | €17,031 | -€50,409 | -74.7% |
| Suppliers | 440/4 | €67,440 | €17,031 | -€50,409 | -74.7% |
| Advances received on contracts in progress | 46 | - | €5,083 | +€5,083 | |
| Taxes, remuneration and social security | 45 | €348,399 | €411,825 | +€63,426 | +18.2% |
| Taxes | 450/3 | €23,272 | €26,168 | +€2,896 | +12.4% |
| Remuneration and social security | 454/9 | €325,127 | €385,657 | +€60,530 | +18.6% |
| Other amounts payable | 47/48 | €280,000 | €340,000 | +€60,000 | +21.4% |
| Accrued charges and deferred income | 492/3 | €8,135 | €7,836 | -€299 | -3.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,922,428 | €2,269,394 | +€346,966 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,101 | €120,807 | +€11,706 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,080 | €0 | -€1,080 | -100% |
| Other operating charges | 640/8 | €14,389 | €14,132 | -€258 | -1.8% |
| Gross operating margin | 9900 | €2,360,649 | €2,706,825 | +€346,176 | +14.7% |
| Operating profit (loss) | 9901 | €313,650 | €302,493 | -€11,158 | -3.6% |
| Financial income | 75/76B | €1,737 | €1,281 | -€455 | -26.2% |
| Recurring financial income | 75 | €1,737 | €1,281 | -€455 | -26.2% |
| Financial charges | 65/66B | €22,326 | €18,944 | -€3,383 | -15.2% |
| Recurring financial charges | 65 | €22,326 | €18,944 | -€3,383 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €293,061 | €284,831 | -€8,230 | -2.8% |
| Income taxes | 67/77 | €2,821 | €2,132 | -€689 | -24.4% |
| Profit (loss) for the period | 9904 | €290,239 | €282,698 | -€7,541 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €290,239 | €282,698 | -€7,541 | -2.6% |
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 25 October 2026 via checked.be.