PIERREOPT: 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.
PIERREOPT
Largest movements
- Tangible fixed assets +€21,503
up €21,503 (+119.7%), from €17,967 to €39,470
of which Plant, machinery and equipment: +€22,289
- Cash +€11,638
up €11,638 (+4.1%), from €285,419 to €297,057
mainly Net result for the year (+€38,879) and Depreciation (+€7,887)
- Reserves +€38,000
up €38,000 (+14.5%), from €261,955 to €299,955
- Tax, wage and social debts -€4,218
down €4,218 (-52.6%), from €8,024 to €3,806
- Purchases and services +€15,328
up €15,328 (+9.9%), from €155,074 to €170,402
- Turnover +€10,334
up €10,334 (+4.1%), from €252,908 to €263,242
- Other operating charges +€5,435
up €5,435 (+258.8%), from €2,100 to €7,535
- Gross operating margin -€4,994
down €4,994 (-5.1%), from €97,834 to €92,840
- Taxes -€4,170
down €4,170 (-14.2%), from €29,266 to €25,096
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,772 | €418,979 | +€37,207 | +9.7% |
| Fixed assets | 21/28 | €18,767 | €40,270 | +€21,503 | +114.6% |
| Tangible fixed assets | 22/27 | €17,967 | €39,470 | +€21,503 | +119.7% |
| Land and buildings | 22 | €10,580 | €9,672 | -€908 | -8.6% |
| Plant, machinery and equipment | 23 | €6,020 | €28,309 | +€22,289 | +370.2% |
| Furniture and vehicles | 24 | €1,367 | €1,489 | +€122 | +8.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €363,005 | €378,709 | +€15,704 | +4.3% |
| Stocks and contracts in progress | 3 | €75,501 | €77,395 | +€1,894 | +2.5% |
| Stocks | 30/36 | €75,501 | €77,395 | +€1,894 | +2.5% |
| Amounts receivable within one year | 40/41 | €610 | €2,310 | +€1,700 | +278.7% |
| Other amounts receivable | 41 | €610 | €2,310 | +€1,700 | +278.7% |
| Cash at bank and in hand | 54/58 | €285,419 | €297,057 | +€11,638 | +4.1% |
| Deferred charges and accrued income | 490/1 | €1,475 | €1,947 | +€472 | +32.0% |
| Total equity and liabilities | 10/49 | €381,772 | €418,979 | +€37,207 | +9.7% |
| Equity | 10/15 | €267,827 | €306,707 | +€38,880 | +14.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €261,955 | €299,955 | +€38,000 | +14.5% |
| Distributable reserves | 133 | €261,955 | €299,955 | +€38,000 | +14.5% |
| Profit (loss) carried forward | 14 | €2,872 | €3,752 | +€880 | +30.6% |
| Amounts payable | 17/49 | €113,945 | €112,272 | -€1,673 | -1.5% |
| Amounts payable within one year | 42/48 | €113,945 | €112,272 | -€1,673 | -1.5% |
| Trade debts | 44 | €9,114 | €9,964 | +€850 | +9.3% |
| Suppliers | 440/4 | €9,114 | €9,964 | +€850 | +9.3% |
| Taxes, remuneration and social security | 45 | €8,024 | €3,806 | -€4,218 | -52.6% |
| Taxes | 450/3 | €8,024 | €3,806 | -€4,218 | -52.6% |
| Other amounts payable | 47/48 | €96,807 | €98,502 | +€1,695 | +1.8% |
| Turnover | 70 | €252,908 | €263,242 | +€10,334 | +4.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €155,074 | €170,402 | +€15,328 | +9.9% |
| Remuneration, social security and pensions | 62 | €140 | €197 | +€57 | +40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,195 | €7,887 | +€1,692 | +27.3% |
| Other operating charges | 640/8 | €2,100 | €7,535 | +€5,435 | +258.8% |
| Non-recurring operating charges | 66A | - | €13,000 | +€13,000 | |
| Gross operating margin | 9900 | €97,834 | €92,840 | -€4,994 | -5.1% |
| Operating profit (loss) | 9901 | €89,399 | €64,221 | -€25,178 | -28.2% |
| Financial income | 75/76B | €324 | €740 | +€416 | +128.4% |
| Recurring financial income | 75 | €324 | €740 | +€416 | +128.4% |
| Financial charges | 65/66B | €988 | €986 | -€2 | -0.2% |
| Recurring financial charges | 65 | €988 | €986 | -€2 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €88,735 | €63,975 | -€24,760 | -27.9% |
| Income taxes | 67/77 | €29,266 | €25,096 | -€4,170 | -14.2% |
| Profit (loss) for the period | 9904 | €59,469 | €38,879 | -€20,590 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,469 | €38,879 | -€20,590 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.