Pierret Construction: 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 Construction
Largest movements
- Cash -€46,862
down €46,862 (-41.9%), from €111,726 to €64,864
mainly Other debts (-€294,148) and Investment in fixed assets (net) (-€25,309)
- Receivables within one year -€33,203
down €33,203 (-23.9%), from €139,013 to €105,810
of which Trade receivables: -€52,027
- Stocks and contracts -€29,816
down €29,816 (-58.9%), from €50,602 to €20,786
- Tangible fixed assets -€19,075
down €19,075 (-15.2%), from €125,460 to €106,385
of which Plant, machinery and equipment: -€28,696
- Deferred charges and accrued income -€9,607
down €9,607 (-73.0%), from €13,154 to €3,547
- Other debts -€294,148
down €294,148 (-96.1%), from €306,239 to €12,091
- Profit (loss) carried forward +€98,652
up €98,652 (+418%), from €23,614 to €122,266
- Trade debts +€67,758
up €67,758 (+309%), from €21,928 to €89,686
- Current portion of long-term debt -€7,152
down €7,152 (-24.9%), from €28,727 to €21,575
- Tax, wage and social debts -€5,251
down €5,251 (-19.7%), from €26,674 to €21,423
of which Taxes: -€6,179
- Gross operating margin +€169,013
up €169,013 (+100%), from €168,476 to €337,489
- Taxes +€30,256
up €30,256 (+21,611%), from €140 to €30,396
- Staff costs +€16,994
up €16,994 (+12.1%), from €141,001 to €157,995
- Depreciation +€6,903
up €6,903 (+18.1%), from €38,137 to €45,040
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 | €451,313 | €312,094 | -€139,219 | -30.8% |
| Formation expenses | 20 | €1,608 | €1,123 | -€485 | -30.2% |
| Fixed assets | 21/28 | €135,210 | €115,964 | -€19,246 | -14.2% |
| Intangible fixed assets | 21 | €171 | - | -€171 | |
| Tangible fixed assets | 22/27 | €125,460 | €106,385 | -€19,075 | -15.2% |
| Plant, machinery and equipment | 23 | €70,301 | €41,605 | -€28,696 | -40.8% |
| Furniture and vehicles | 24 | €4,145 | €1,825 | -€2,320 | -56.0% |
| Leasing and similar rights | 25 | €51,014 | €62,955 | +€11,941 | +23.4% |
| Financial fixed assets | 28 | €9,579 | €9,579 | = | 0.0% |
| Current assets | 29/58 | €314,495 | €195,007 | -€119,488 | -38.0% |
| Stocks and contracts in progress | 3 | €50,602 | €20,786 | -€29,816 | -58.9% |
| Stocks | 30/36 | €50,602 | €20,786 | -€29,816 | -58.9% |
| Amounts receivable within one year | 40/41 | €139,013 | €105,810 | -€33,203 | -23.9% |
| Trade receivables | 40 | €123,771 | €71,744 | -€52,027 | -42.0% |
| Other amounts receivable | 41 | €15,242 | €34,066 | +€18,824 | +124% |
| Cash at bank and in hand | 54/58 | €111,726 | €64,864 | -€46,862 | -41.9% |
| Deferred charges and accrued income | 490/1 | €13,154 | €3,547 | -€9,607 | -73.0% |
| Total equity and liabilities | 10/49 | €451,313 | €312,094 | -€139,219 | -30.8% |
| Equity | 10/15 | €28,614 | €127,266 | +€98,652 | +345% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,614 | €122,266 | +€98,652 | +418% |
| Amounts payable | 17/49 | €422,699 | €184,828 | -€237,871 | -56.3% |
| Amounts payable after more than one year | 17 | €39,131 | €40,053 | +€922 | +2.4% |
| Financial debts | 170/4 | €39,131 | €40,053 | +€922 | +2.4% |
| Amounts payable within one year | 42/48 | €383,568 | €144,775 | -€238,793 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €28,727 | €21,575 | -€7,152 | -24.9% |
| Trade debts | 44 | €21,928 | €89,686 | +€67,758 | +309% |
| Suppliers | 440/4 | €21,928 | €89,686 | +€67,758 | +309% |
| Taxes, remuneration and social security | 45 | €26,674 | €21,423 | -€5,251 | -19.7% |
| Taxes | 450/3 | €16,899 | €10,720 | -€6,179 | -36.6% |
| Remuneration and social security | 454/9 | €9,775 | €10,703 | +€928 | +9.5% |
| Other amounts payable | 47/48 | €306,239 | €12,091 | -€294,148 | -96.1% |
| Remuneration, social security and pensions | 62 | €141,001 | €157,995 | +€16,994 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,137 | €45,040 | +€6,903 | +18.1% |
| Other operating charges | 640/8 | €2,043 | €5,086 | +€3,043 | +149% |
| Non-recurring operating charges | 66A | €572 | - | -€572 | |
| Gross operating margin | 9900 | €168,476 | €337,489 | +€169,013 | +100% |
| Operating profit (loss) | 9901 | -€13,277 | €129,368 | +€142,645 | |
| Financial income | 75/76B | €3,248 | €2,075 | -€1,173 | -36.1% |
| Recurring financial income | 75 | €3,248 | €2,075 | -€1,173 | -36.1% |
| Financial charges | 65/66B | €2,150 | €2,395 | +€245 | +11.4% |
| Recurring financial charges | 65 | €2,150 | €2,395 | +€245 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,179 | €129,048 | +€141,227 | |
| Income taxes | 67/77 | €140 | €30,396 | +€30,256 | +21,611% |
| Profit (loss) for the period | 9904 | -€12,319 | €98,652 | +€110,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,319 | €98,652 | +€110,971 |
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 16 October 2026 via checked.be.