PIERRET INDUSTRIES: what changed
What changed
PIERRET INDUSTRIES
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
filed annual accounts (NBB)
Net result for the year
€1.9m
2023 · €2.6m-€754,988
Equity
€1.4m
2023 · €6.6m-€5.2m
Cash
€523,178
2023 · €1.5m-€935,268
Balance sheet total
€17.1m
2023 · €18.0m-€884,775
Largest movements
Assets
- Cash -€935,268
down €935,268 (-64.1%), from €1.5m to €523,178
mainly Contributions, distributions and other (-€7.1m) and Trade debts (-€950,335)
- Stocks and contracts +€919,900
up €919,900 (+29.1%), from €3.2m to €4.1m
- Current investments -€751,562
down €751,562 (-8.5%), from €8.8m to €8.1m
- Receivables within one year -€308,639
down €308,639 (-20.8%), from €1.5m to €1.2m
of which Trade receivables: -€343,032
- Deferred charges and accrued income +€192,798
up €192,798 (+74.8%), from €257,698 to €450,496
Equity and liabilities
- Other debts +€6.8m
up €6.8m (+102%), from €6.7m to €13.5m
- Profit (loss) carried forward -€5.1m
down €5.1m (-99.2%), from €5.2m to €39,485
- Trade debts -€950,335
down €950,335 (-68.0%), from €1.4m to €448,079
- Tax, wage and social debts -€611,551
down €611,551 (-55.5%), from €1.1m to €490,812
of which Taxes: -€634,255
- Debts after one year -€529,248
down €529,248 (-51.0%), from €1.0m to €509,267
Income statement
- Gross operating margin -€1.4m
down €1.4m (-26.4%), from €5.2m to €3.8m
- Taxes -€816,904
down €816,904 (-55.5%), from €1.5m to €654,139
- Financial income -€624,329
down €624,329 (-44.8%), from €1.4m to €770,079
of which Financial income: -€499,329
- Staff costs -€143,849
down €143,849 (-7.5%), from €1.9m to €1.8m
- Depreciation -€83,579
down €83,579 (-31.9%), from €262,170 to €178,591
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€2.6m
Gross operating margin
-€1.4m
Staff costs
+€143,849
Depreciation
+€83,579
Other operating charges
+€40,727
Other operating items
+€132,850
Financial income
-€624,329
Financial charges
+€50,807
Taxes
+€816,904
Deferred taxes and other
-€32,035
Result 2024
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6.1m
Investment
+€574,975
Financing
-€7.6m
Cash 2023
€1.5m
From operations (derived)
+€6.1m
Net result for the year
+€1.9m
Depreciation
+€178,591
Stocks and contracts
-€919,900
Receivables within one year
+€308,639
Deferred charges and accrued income
-€192,798
Provisions
-€32,035
Trade debts
-€950,335
Tax, wage and social debts
-€611,551
Advances received
-€417,830
Other debts
+€6.8m
Accrued charges and deferred income
-€4,917
Investment (derived)
+€574,975
Investment in fixed assets (net)
-€176,587
Current investments
+€751,562
Financing
-€7.6m
Debts after one year
-€529,248
Current portion of long-term debt
+€6,315
Contributions, distributions and other
-€7.1m
Cash 2024
€523,178
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,999,390 | €17,114,614 | -€884,775 | -4.9% |
| Fixed assets | 21/28 | €2,821,644 | €2,819,639 | -€2,004 | -0.1% |
| Tangible fixed assets | 22/27 | €687,158 | €685,153 | -€2,004 | -0.3% |
| Land and buildings | 22 | €124,309 | €45,285 | -€79,024 | -63.6% |
| Plant, machinery and equipment | 23 | €217,412 | €342,819 | +€125,407 | +57.7% |
| Furniture and vehicles | 24 | €167,280 | €161,932 | -€5,348 | -3.2% |
| Leasing and similar rights | 25 | €178,156 | €135,117 | -€43,039 | -24.2% |
| Financial fixed assets | 28 | €2,134,486 | €2,134,486 | = | 0.0% |
| Current assets | 29/58 | €15,177,746 | €14,294,975 | -€882,771 | -5.8% |
| Stocks and contracts in progress | 3 | €3,157,168 | €4,077,068 | +€919,900 | +29.1% |
| Stocks | 30/36 | €3,157,168 | €4,077,068 | +€919,900 | +29.1% |
| Amounts receivable within one year | 40/41 | €1,480,316 | €1,171,677 | -€308,639 | -20.8% |
| Trade receivables | 40 | €1,185,408 | €842,376 | -€343,032 | -28.9% |
| Other amounts receivable | 41 | €294,908 | €329,301 | +€34,393 | +11.7% |
| Current investments | 50/53 | €8,824,118 | €8,072,556 | -€751,562 | -8.5% |
| Cash at bank and in hand | 54/58 | €1,458,446 | €523,178 | -€935,268 | -64.1% |
| Deferred charges and accrued income | 490/1 | €257,698 | €450,496 | +€192,798 | +74.8% |
| Total equity and liabilities | 10/49 | €17,999,390 | €17,114,614 | -€884,775 | -4.9% |
| Equity | 10/15 | €6,600,498 | €1,431,862 | -€5.2m | -78.3% |
| Contributions | 10/11 | €902,869 | €902,869 | = | 0.0% |
| Revaluation surpluses | 12 | €35,200 | €35,200 | = | 0.0% |
| Reserves | 13 | €506,561 | €454,309 | -€52,253 | -10.3% |
| Non-distributable reserves | 130/1 | €90,287 | €90,287 | = | 0.0% |
| Reserves not available under the articles | 1311 | €90,287 | €90,287 | = | 0.0% |
| Tax-exempt reserves | 132 | €416,274 | €364,022 | -€52,253 | -12.6% |
| Profit (loss) carried forward | 14 | €5,155,868 | €39,485 | -€5.1m | -99.2% |
| Provisions and deferred taxes | 16 | €198,539 | €166,504 | -€32,035 | -16.1% |
| Deferred taxes | 168 | €198,539 | €166,504 | -€32,035 | -16.1% |
| Amounts payable | 17/49 | €11,200,353 | €15,516,249 | +€4.3m | +38.5% |
| Amounts payable after more than one year | 17 | €1,038,515 | €509,267 | -€529,248 | -51.0% |
| Financial debts | 170/4 | €1,038,515 | €509,267 | -€529,248 | -51.0% |
| Amounts payable within one year | 42/48 | €10,141,772 | €14,991,833 | +€4.9m | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €540,543 | €546,858 | +€6,315 | +1.2% |
| Trade debts | 44 | €1,398,414 | €448,079 | -€950,335 | -68.0% |
| Suppliers | 440/4 | €1,398,414 | €448,079 | -€950,335 | -68.0% |
| Advances received on contracts in progress | 46 | €417,830 | €0 | -€417,830 | -100% |
| Taxes, remuneration and social security | 45 | €1,102,362 | €490,812 | -€611,551 | -55.5% |
| Taxes | 450/3 | €847,681 | €213,426 | -€634,255 | -74.8% |
| Remuneration and social security | 454/9 | €254,682 | €277,386 | +€22,705 | +8.9% |
| Other amounts payable | 47/48 | €6,682,623 | €13,506,084 | +€6.8m | +102% |
| Accrued charges and deferred income | 492/3 | €20,066 | €15,149 | -€4,917 | -24.5% |
| Remuneration, social security and pensions | 62 | €1,907,042 | €1,763,193 | -€143,849 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,170 | €178,591 | -€83,579 | -31.9% |
| Other operating charges | 640/8 | €112,397 | €71,671 | -€40,727 | -36.2% |
| Non-recurring operating charges | 66A | €132,850 | - | -€132,850 | |
| Gross operating margin | 9900 | €5,176,754 | €3,809,416 | -€1.4m | -26.4% |
| Operating profit (loss) | 9901 | €2,762,295 | €1,795,961 | -€966,334 | -35.0% |
| Financial income | 75/76B | €1,394,408 | €770,079 | -€624,329 | -44.8% |
| Recurring financial income | 75 | €1,269,408 | €770,079 | -€499,329 | -39.3% |
| Non-recurring financial income | 76B | €125,000 | - | -€125,000 | |
| Financial charges | 65/66B | €77,843 | €27,036 | -€50,807 | -65.3% |
| Recurring financial charges | 65 | €77,843 | €27,036 | -€50,807 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €4,078,859 | €2,539,003 | -€1.5m | -37.8% |
| Transfer from deferred taxes | 780 | €32,035 | €0 | -€32,035 | -100% |
| Income taxes | 67/77 | €1,471,042 | €654,139 | -€816,904 | -55.5% |
| Profit (loss) for the period | 9904 | €2,639,852 | €1,884,864 | -€754,988 | -28.6% |
| Transfer from tax-exempt reserves | 789 | €52,253 | €84,288 | +€32,035 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,692,105 | €1,969,152 | -€722,952 | -26.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.