Pierret Architecture: 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.
Pierret Architecture
Largest movements
- Receivables within one year -€21,478
down €21,478 (-56.7%), from €37,912 to €16,433
of which Trade receivables: -€20,048
- Current investments -€6,000
no longer reported in 2025 (was €6,000)
- Deferred charges and accrued income +€5,740
up €5,740 (+67.3%), from €8,523 to €14,263
- Other debts -€27,261
down €27,261 (-21.2%), from €128,766 to €101,505
- Gross operating margin +€27,373
up €27,373 (+22.4%), from €122,107 to €149,480
- Depreciation -€11,482
down €11,482 (-74.6%), from €15,388 to €3,906
- Taxes +€6,614
up €6,614 (+27.4%), from €24,159 to €30,774
- Staff costs +€6,187
up €6,187 (+420%), from €1,474 to €7,661
- Write-downs +€5,600
new in 2025: €5,600
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 | €191,804 | €166,520 | -€25,284 | -13.2% |
| Fixed assets | 21/28 | €8,299 | €6,246 | -€2,053 | -24.7% |
| Intangible fixed assets | 21 | €1,958 | €1,224 | -€733 | -37.5% |
| Tangible fixed assets | 22/27 | €6,342 | €5,022 | -€1,320 | -20.8% |
| Plant, machinery and equipment | 23 | €1,513 | €915 | -€598 | -39.5% |
| Furniture and vehicles | 24 | €4,829 | €4,107 | -€721 | -14.9% |
| Current assets | 29/58 | €183,504 | €160,274 | -€23,231 | -12.7% |
| Amounts receivable within one year | 40/41 | €37,912 | €16,433 | -€21,478 | -56.7% |
| Trade receivables | 40 | €36,214 | €16,166 | -€20,048 | -55.4% |
| Other amounts receivable | 41 | €1,698 | €267 | -€1,431 | -84.3% |
| Current investments | 50/53 | €6,000 | - | -€6,000 | |
| Cash at bank and in hand | 54/58 | €131,070 | €129,578 | -€1,492 | -1.1% |
| Deferred charges and accrued income | 490/1 | €8,523 | €14,263 | +€5,740 | +67.3% |
| Total equity and liabilities | 10/49 | €191,804 | €166,520 | -€25,284 | -13.2% |
| Equity | 10/15 | €50,950 | €51,794 | +€845 | +1.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €45,585 | €45,585 | = | 0.0% |
| Distributable reserves | 133 | €45,585 | €45,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | €365 | €1,209 | +€845 | +232% |
| Amounts payable | 17/49 | €140,854 | €114,726 | -€26,128 | -18.5% |
| Amounts payable within one year | 42/48 | €140,854 | €114,390 | -€26,464 | -18.8% |
| Trade debts | 44 | €251 | €400 | +€150 | +59.7% |
| Suppliers | 440/4 | €251 | €400 | +€150 | +59.7% |
| Taxes, remuneration and social security | 45 | €11,838 | €12,484 | +€647 | +5.5% |
| Taxes | 450/3 | €11,280 | €12,484 | +€1,204 | +10.7% |
| Remuneration and social security | 454/9 | €558 | - | -€558 | |
| Other amounts payable | 47/48 | €128,766 | €101,505 | -€27,261 | -21.2% |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Remuneration, social security and pensions | 62 | €1,474 | €7,661 | +€6,187 | +420% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,388 | €3,906 | -€11,482 | -74.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,600 | +€5,600 | |
| Other operating charges | 640/8 | €1,511 | €1,942 | +€432 | +28.6% |
| Gross operating margin | 9900 | €122,107 | €149,480 | +€27,373 | +22.4% |
| Operating profit (loss) | 9901 | €103,734 | €130,370 | +€26,637 | +25.7% |
| Financial income | 75/76B | €842 | €1,910 | +€1,068 | +127% |
| Recurring financial income | 75 | €842 | €1,910 | +€1,068 | +127% |
| Financial charges | 65/66B | €54 | €662 | +€608 | +1,126% |
| Recurring financial charges | 65 | €54 | €662 | +€608 | +1,126% |
| Profit (loss) for the period before taxes | 9903 | €104,522 | €131,619 | +€27,097 | +25.9% |
| Income taxes | 67/77 | €24,159 | €30,774 | +€6,614 | +27.4% |
| Profit (loss) for the period | 9904 | €80,362 | €100,845 | +€20,482 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €80,362 | €100,845 | +€20,482 | +25.5% |
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 26 October 2026 via checked.be.