PIERRE PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Cash +€4,076
up €4,076 (+295.1%), from €1,381 to €5,457
mainly Net result for the year (+€10,220) and Depreciation (+€1,026)
- Receivables within one year +€3,435
up €3,435 (+7.0%), from €49,219 to €52,654
of which Trade receivables: +€2,274
- Tangible fixed assets -€1,026
down €1,026 (-71.6%), from €1,433 to €407
- Profit (loss) carried forward +€10,220
up €10,220 (+28.1%), from -€36,401 to -€26,181
- Trade debts -€3,114
down €3,114 (-81.0%), from €3,844 to €729
- Tax, wage and social debts -€677
down €677 (-88.3%), from €766 to €90
- Gross operating margin +€10,203
up €10,203 (+373.1%), from €2,735 to €12,938
- Depreciation -€421
down €421 (-29.1%), from €1,446 to €1,026
- Other operating charges +€405
up €405 (+44.0%), from €921 to €1,326
- Financial charges -€201
down €201 (-41.4%), from €486 to €285
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.
Cash bridge derived
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 | €53,860 | €60,023 | +€6,163 | +11.4% |
| Fixed assets | 21/28 | €1,433 | €407 | -€1,026 | -71.6% |
| Tangible fixed assets | 22/27 | €1,433 | €407 | -€1,026 | -71.6% |
| Furniture and vehicles | 24 | €1,433 | €407 | -€1,026 | -71.6% |
| Current assets | 29/58 | €52,427 | €59,616 | +€7,189 | +13.7% |
| Amounts receivable within one year | 40/41 | €49,219 | €52,654 | +€3,435 | +7.0% |
| Trade receivables | 40 | €49,219 | €51,493 | +€2,274 | +4.6% |
| Other amounts receivable | 41 | - | €1,161 | +€1,161 | |
| Cash at bank and in hand | 54/58 | €1,381 | €5,457 | +€4,076 | +295.1% |
| Deferred charges and accrued income | 490/1 | €1,828 | €1,505 | -€323 | -17.7% |
| Total equity and liabilities | 10/49 | €53,860 | €60,023 | +€6,163 | +11.4% |
| Equity | 10/15 | -€16,401 | -€6,181 | +€10,220 | +62.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,401 | -€26,181 | +€10,220 | +28.1% |
| Amounts payable | 17/49 | €70,261 | €66,204 | -€4,057 | -5.8% |
| Amounts payable within one year | 42/48 | €70,261 | €66,204 | -€4,057 | -5.8% |
| Trade debts | 44 | €3,844 | €729 | -€3,114 | -81.0% |
| Suppliers | 440/4 | €3,844 | €729 | -€3,114 | -81.0% |
| Taxes, remuneration and social security | 45 | €766 | €90 | -€677 | -88.3% |
| Taxes | 450/3 | €766 | €90 | -€677 | -88.3% |
| Other amounts payable | 47/48 | €65,651 | €65,385 | -€266 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €1,026 | -€421 | -29.1% |
| Other operating charges | 640/8 | €921 | €1,326 | +€405 | +44.0% |
| Gross operating margin | 9900 | €2,735 | €12,938 | +€10,203 | +373.1% |
| Operating profit (loss) | 9901 | €368 | €10,586 | +€10,218 | +2780.0% |
| Financial income | 75/76B | €82 | €1 | -€81 | -98.9% |
| Recurring financial income | 75 | €82 | €1 | -€81 | -98.9% |
| Financial charges | 65/66B | €486 | €285 | -€201 | -41.4% |
| Recurring financial charges | 65 | €486 | €285 | -€201 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | -€37 | €10,302 | +€10,339 | |
| Income taxes | 67/77 | €79 | €82 | +€4 | +4.8% |
| Profit (loss) for the period | 9904 | -€115 | €10,220 | +€10,335 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115 | €10,220 | +€10,335 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.