PIERRE SCULIER: 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 SCULIER
Largest movements
- Current investments +€66,459
up €66,459 (+32.6%), from €204,170 to €270,629
- Receivables within one year +€49,196
up €49,196 (+194%), from €25,412 to €74,608
of which Trade receivables: +€42,579
- Cash -€43,370
down €43,370 (-75.5%), from €57,412 to €14,041
mainly Current investments (-€66,459) and Contributions, distributions and other (-€60,000)
- Other debts +€58,120
up €58,120 (+180%), from €32,225 to €90,345
- Tax, wage and social debts +€11,329
up €11,329 (+2,554%), from €444 to €11,772
- Accrued charges and deferred income +€10,100
new in 2025: €10,100
- Financial income +€71,440
up €71,440 (+300,168%), from €24 to €71,464
- Gross operating margin +€15,801
up €15,801 (+72.4%), from -€21,830 to -€6,028
- Taxes +€5,231
up €5,231 (+2,060%), from €254 to €5,485
- Other operating charges -€4,997
down €4,997 (-96.9%), from €5,158 to €160
- Financial charges +€4,001
up €4,001 (+219%), from €1,825 to €5,826
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 | €825,445 | €897,220 | +€71,776 | +8.7% |
| Fixed assets | 21/28 | €538,061 | €537,140 | -€921 | -0.2% |
| Tangible fixed assets | 22/27 | €7,287 | €6,367 | -€921 | -12.6% |
| Furniture and vehicles | 24 | €7,287 | €6,367 | -€921 | -12.6% |
| Financial fixed assets | 28 | €530,773 | €530,773 | = | 0.0% |
| Current assets | 29/58 | €287,384 | €360,080 | +€72,696 | +25.3% |
| Amounts receivable within one year | 40/41 | €25,412 | €74,608 | +€49,196 | +194% |
| Trade receivables | 40 | €24,029 | €66,608 | +€42,579 | +177% |
| Other amounts receivable | 41 | €1,383 | €8,000 | +€6,617 | +478% |
| Current investments | 50/53 | €204,170 | €270,629 | +€66,459 | +32.6% |
| Cash at bank and in hand | 54/58 | €57,412 | €14,041 | -€43,370 | -75.5% |
| Deferred charges and accrued income | 490/1 | €391 | €802 | +€411 | +105% |
| Total equity and liabilities | 10/49 | €825,445 | €897,220 | +€71,776 | +8.7% |
| Equity | 10/15 | €754,685 | €747,730 | -€6,955 | -0.9% |
| Contributions | 10/11 | €93,550 | €93,550 | = | 0.0% |
| Reserves | 13 | €308,855 | €301,855 | -€7,000 | -2.3% |
| Non-distributable reserves | 130/1 | €2,855 | €2,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,855 | €2,855 | = | 0.0% |
| Distributable reserves | 133 | €306,000 | €299,000 | -€7,000 | -2.3% |
| Profit (loss) carried forward | 14 | €352,280 | €352,325 | +€45 | 0.0% |
| Amounts payable | 17/49 | €70,760 | €149,491 | +€78,731 | +111% |
| Amounts payable within one year | 42/48 | €70,760 | €139,390 | +€68,631 | +97.0% |
| Trade debts | 44 | €33,671 | €32,853 | -€818 | -2.4% |
| Suppliers | 440/4 | €33,671 | €32,853 | -€818 | -2.4% |
| Advances received on contracts in progress | 46 | €4,420 | €4,420 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €444 | €11,772 | +€11,329 | +2,554% |
| Taxes | 450/3 | €444 | €11,772 | +€11,329 | +2,554% |
| Other amounts payable | 47/48 | €32,225 | €90,345 | +€58,120 | +180% |
| Accrued charges and deferred income | 492/3 | - | €10,100 | +€10,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,371 | €921 | -€1,450 | -61.2% |
| Other operating charges | 640/8 | €5,158 | €160 | -€4,997 | -96.9% |
| Gross operating margin | 9900 | -€21,830 | -€6,028 | +€15,801 | +72.4% |
| Operating profit (loss) | 9901 | -€29,358 | -€7,109 | +€22,249 | +75.8% |
| Financial income | 75/76B | €24 | €71,464 | +€71,440 | +300,168% |
| Recurring financial income | 75 | €24 | €71,464 | +€71,440 | +300,168% |
| Financial charges | 65/66B | €1,825 | €5,826 | +€4,001 | +219% |
| Recurring financial charges | 65 | €1,825 | €5,826 | +€4,001 | +219% |
| Profit (loss) for the period before taxes | 9903 | -€31,158 | €58,529 | +€89,688 | |
| Income taxes | 67/77 | €254 | €5,485 | +€5,231 | +2,060% |
| Profit (loss) for the period | 9904 | -€31,412 | €53,045 | +€84,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,412 | €53,045 | +€84,457 |
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 15 October 2026 via checked.be.