PIERREHUB: what changed
PIERREHUB
Largest movements
- Receivables within one year +€10,042
up €10,042 (+34.5%), from €29,113 to €39,156
of which Trade receivables: +€12,916
- Tangible fixed assets -€9,600
down €9,600 (-2.7%), from €360,616 to €351,016
of which Land and buildings: -€10,713
- Cash -€7,477
down €7,477 (-27.2%), from €27,533 to €20,056
mainly Debts after one year (-€20,824) and Receivables within one year (-€10,042)
- Debts after one year -€20,824
down €20,824 (-6.7%), from €311,151 to €290,326
of which Financial debts: -€19,924
- Trade debts +€7,255
up €7,255 (+105%), from €6,907 to €14,162
- Reserves +€6,608
up €6,608 (+12.9%), from €51,033 to €57,642
of which Distributable reserves: +€6,608
- Tax, wage and social debts +€4,315
up €4,315 (+225%), from €1,917 to €6,232
of which Remuneration and social security: +€4,211
- Staff costs +€14,006
up €14,006 (+23.6%), from €59,324 to €73,331
- Gross operating margin +€9,783
up €9,783 (+9.5%), from €102,911 to €112,694
- Depreciation -€1,946
down €1,946 (-13.7%), from €14,224 to €12,277
- Financial charges -€1,408
down €1,408 (-10.5%), from €13,369 to €11,961
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €420,152 | €414,523 | -€5,629 | -1.3% |
| Fixed assets | 21/28 | €361,411 | €351,811 | -€9,600 | -2.7% |
| Tangible fixed assets | 22/27 | €360,616 | €351,016 | -€9,600 | -2.7% |
| Land and buildings | 22 | €351,875 | €341,162 | -€10,713 | -3.0% |
| Plant, machinery and equipment | 23 | €6,563 | €8,069 | +€1,506 | +22.9% |
| Furniture and vehicles | 24 | €2,178 | €1,786 | -€393 | -18.0% |
| Financial fixed assets | 28 | €795 | €795 | = | 0.0% |
| Current assets | 29/58 | €58,740 | €62,711 | +€3,971 | +6.8% |
| Amounts receivable after more than one year | 29 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 291 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €29,113 | €39,156 | +€10,042 | +34.5% |
| Trade receivables | 40 | €24,113 | €37,029 | +€12,916 | +53.6% |
| Other amounts receivable | 41 | €5,000 | €2,126 | -€2,874 | -57.5% |
| Current investments | 50/53 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €27,533 | €20,056 | -€7,477 | -27.2% |
| Deferred charges and accrued income | 490/1 | €2,094 | - | -€2,094 | |
| Total equity and liabilities | 10/49 | €420,152 | €414,523 | -€5,629 | -1.3% |
| Equity | 10/15 | €73,836 | €80,444 | +€6,608 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,033 | €57,642 | +€6,608 | +12.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €49,173 | €55,782 | +€6,608 | +13.4% |
| Profit (loss) carried forward | 14 | €4,202 | €4,202 | = | 0.0% |
| Amounts payable | 17/49 | €346,316 | €334,079 | -€12,237 | -3.5% |
| Amounts payable after more than one year | 17 | €311,151 | €290,326 | -€20,824 | -6.7% |
| Financial debts | 170/4 | €310,251 | €290,326 | -€19,924 | -6.4% |
| Other amounts payable | 178/9 | €900 | - | -€900 | |
| Amounts payable within one year | 42/48 | €35,165 | €43,751 | +€8,586 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €20,149 | €20,100 | -€49 | -0.2% |
| Trade debts | 44 | €6,907 | €14,162 | +€7,255 | +105% |
| Suppliers | 440/4 | €6,907 | €14,162 | +€7,255 | +105% |
| Taxes, remuneration and social security | 45 | €1,917 | €6,232 | +€4,315 | +225% |
| Taxes | 450/3 | €1,219 | €1,323 | +€104 | +8.5% |
| Remuneration and social security | 454/9 | €698 | €4,909 | +€4,211 | +603% |
| Other amounts payable | 47/48 | €6,192 | €3,257 | -€2,935 | -47.4% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | €59,324 | €73,331 | +€14,006 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,224 | €12,277 | -€1,946 | -13.7% |
| Other operating charges | 640/8 | €4,581 | €4,683 | +€102 | +2.2% |
| Gross operating margin | 9900 | €102,911 | €112,694 | +€9,783 | +9.5% |
| Operating profit (loss) | 9901 | €24,782 | €22,403 | -€2,379 | -9.6% |
| Financial income | 75/76B | €708 | €428 | -€280 | -39.6% |
| Recurring financial income | 75 | €537 | €428 | -€109 | -20.4% |
| Non-recurring financial income | 76B | €170 | - | -€170 | |
| Financial charges | 65/66B | €13,369 | €11,961 | -€1,408 | -10.5% |
| Recurring financial charges | 65 | €13,369 | €11,961 | -€1,408 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €12,120 | €10,870 | -€1,250 | -10.3% |
| Income taxes | 67/77 | €4,018 | €4,261 | +€243 | +6.0% |
| Profit (loss) for the period | 9904 | €8,101 | €6,608 | -€1,493 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,101 | €6,608 | -€1,493 | -18.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.