Pierret Immo: 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 Immo
Largest movements
- Stocks and contracts +€557,288
up €557,288 (+1,238%), from €45,001 to €602,289
- Cash -€292,226
down €292,226 (-95.3%), from €306,564 to €14,338
mainly Stocks and contracts (-€557,288) and Tax, wage and social debts (-€210,241)
- Receivables within one year -€10,974
down €10,974 (-74.6%), from €14,708 to €3,734
of which Other amounts receivable: -€10,974
- Current portion of long-term debt +€444,672
new in 2025: €444,672
- Tax, wage and social debts -€210,241
down €210,241 (-99.5%), from €211,278 to €1,037
- Other debts +€37,862
new in 2025: €37,862
- Profit (loss) carried forward -€12,299
down €12,299 (-8.4%), from €147,110 to €134,811
- Gross operating margin -€250,289
down €250,289, from €245,107 to -€5,182
- Taxes -€49,037
no longer reported in 2025 (was €49,037)
- Financial charges -€32,569
down €32,569 (-82.9%), from €39,280 to €6,711
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 | €381,500 | €635,203 | +€253,703 | +66.5% |
| Formation expenses | 20 | €1,442 | €1,057 | -€385 | -26.7% |
| Fixed assets | 21/28 | €13,785 | €13,785 | = | 0.0% |
| Financial fixed assets | 28 | €13,785 | €13,785 | = | 0.0% |
| Current assets | 29/58 | €366,273 | €620,361 | +€254,088 | +69.4% |
| Stocks and contracts in progress | 3 | €45,001 | €602,289 | +€557,288 | +1,238% |
| Stocks | 30/36 | €45,001 | €602,289 | +€557,288 | +1,238% |
| Amounts receivable within one year | 40/41 | €14,708 | €3,734 | -€10,974 | -74.6% |
| Trade receivables | 40 | €2,520 | €2,520 | = | 0.0% |
| Other amounts receivable | 41 | €12,188 | €1,214 | -€10,974 | -90.0% |
| Cash at bank and in hand | 54/58 | €306,564 | €14,338 | -€292,226 | -95.3% |
| Total equity and liabilities | 10/49 | €381,500 | €635,203 | +€253,703 | +66.5% |
| Equity | 10/15 | €152,110 | €139,811 | -€12,299 | -8.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,110 | €134,811 | -€12,299 | -8.4% |
| Amounts payable | 17/49 | €229,390 | €495,392 | +€266,002 | +116% |
| Amounts payable within one year | 42/48 | €229,390 | €495,392 | +€266,002 | +116% |
| Current portion of amounts payable after more than one year | 42 | - | €444,672 | +€444,672 | |
| Trade debts | 44 | €18,112 | €11,821 | -€6,291 | -34.7% |
| Suppliers | 440/4 | €18,112 | €11,821 | -€6,291 | -34.7% |
| Taxes, remuneration and social security | 45 | €211,278 | €1,037 | -€210,241 | -99.5% |
| Taxes | 450/3 | €211,278 | €1,037 | -€210,241 | -99.5% |
| Other amounts payable | 47/48 | - | €37,862 | +€37,862 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €385 | = | 0.0% |
| Other operating charges | 640/8 | €652 | €21 | -€631 | -96.8% |
| Gross operating margin | 9900 | €245,107 | -€5,182 | -€250,289 | |
| Operating profit (loss) | 9901 | €244,070 | -€5,588 | -€249,658 | |
| Financial charges | 65/66B | €39,280 | €6,711 | -€32,569 | -82.9% |
| Recurring financial charges | 65 | €39,280 | €6,711 | -€32,569 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | €204,790 | -€12,299 | -€217,089 | |
| Income taxes | 67/77 | €49,037 | - | -€49,037 | |
| Profit (loss) for the period | 9904 | €155,753 | -€12,299 | -€168,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,753 | -€12,299 | -€168,052 |
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.