PIERREUX: 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.
PIERREUX
Largest movements
- Receivables within one year +€169,885
up €169,885 (+21.2%), from €800,974 to €970,859
of which Other amounts receivable: +€109,000
- Tangible fixed assets -€26,053
down €26,053 (-6.4%), from €408,037 to €381,984
- Debts after one year -€121,233
down €121,233 (-30.9%), from €392,628 to €271,395
of which Financial debts: -€121,233
- Profit (loss) carried forward +€91,399
up €91,399 (+37.2%), from -€245,842 to -€154,443
- Tax, wage and social debts +€77,281
up €77,281 (+230.7%), from €33,500 to €110,781
- Current portion of long-term debt +€49,582
up €49,582 (+457.5%), from €10,837 to €60,418
- Trade debts +€38,562
up €38,562 (+60.0%), from €64,287 to €102,848
- Taxes +€49,770
up €49,770 (+180.9%), from €27,510 to €77,281
- Other operating charges -€36,145
down €36,145 (-69.5%), from €52,041 to €15,896
- Gross operating margin +€27,641
up €27,641 (+13.8%), from €200,527 to €228,168
- Financial charges +€15,650
up €15,650 (+815.3%), from €1,920 to €17,570
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,412,906 | €1,561,746 | +€148,840 | +10.5% |
| Fixed assets | 21/28 | €605,970 | €579,918 | -€26,053 | -4.3% |
| Tangible fixed assets | 22/27 | €408,037 | €381,984 | -€26,053 | -6.4% |
| Land and buildings | 22 | €408,037 | €381,984 | -€26,053 | -6.4% |
| Financial fixed assets | 28 | €197,934 | €197,934 | = | 0.0% |
| Current assets | 29/58 | €806,935 | €981,828 | +€174,893 | +21.7% |
| Amounts receivable within one year | 40/41 | €800,974 | €970,859 | +€169,885 | +21.2% |
| Trade receivables | 40 | €56,384 | €117,269 | +€60,885 | +108.0% |
| Other amounts receivable | 41 | €744,591 | €853,591 | +€109,000 | +14.6% |
| Cash at bank and in hand | 54/58 | €5,961 | €10,969 | +€5,008 | +84.0% |
| Total equity and liabilities | 10/49 | €1,412,906 | €1,561,746 | +€148,840 | +10.5% |
| Equity | 10/15 | €148,571 | €239,971 | +€91,399 | +61.5% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Outside capital | 11 | €247,894 | - | -€247,894 | |
| Other | 1109/19 | €247,894 | - | -€247,894 | |
| Reserves | 13 | €146,520 | €146,520 | = | 0.0% |
| Non-distributable reserves | 130/1 | €99,157 | €99,157 | = | 0.0% |
| Legal reserve | 130 | €99,157 | - | -€99,157 | |
| Reserves not available under the articles | 1311 | - | €99,157 | +€99,157 | |
| Tax-exempt reserves | 132 | €15,794 | €15,794 | = | 0.0% |
| Distributable reserves | 133 | €31,569 | €31,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,842 | -€154,443 | +€91,399 | +37.2% |
| Provisions and deferred taxes | 16 | €240,000 | €240,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €240,000 | €240,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €240,000 | €240,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,024,334 | €1,081,775 | +€57,441 | +5.6% |
| Amounts payable after more than one year | 17 | €392,628 | €271,395 | -€121,233 | -30.9% |
| Financial debts | 170/4 | €380,128 | €258,895 | -€121,233 | -31.9% |
| Other amounts payable | 178/9 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €631,706 | €810,380 | +€178,674 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €10,837 | €60,418 | +€49,582 | +457.5% |
| Trade debts | 44 | €64,287 | €102,848 | +€38,562 | +60.0% |
| Suppliers | 440/4 | €64,287 | €102,848 | +€38,562 | +60.0% |
| Taxes, remuneration and social security | 45 | €33,500 | €110,781 | +€77,281 | +230.7% |
| Taxes | 450/3 | €33,500 | €110,781 | +€77,281 | +230.7% |
| Other amounts payable | 47/48 | €523,083 | €536,333 | +€13,250 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,847 | €26,053 | +€1,206 | +4.9% |
| Other operating charges | 640/8 | €52,041 | €15,896 | -€36,145 | -69.5% |
| Gross operating margin | 9900 | €200,527 | €228,168 | +€27,641 | +13.8% |
| Operating profit (loss) | 9901 | €123,639 | €186,220 | +€62,581 | +50.6% |
| Financial income | 75/76B | €67 | €30 | -€37 | -55.4% |
| Recurring financial income | 75 | €67 | €30 | -€37 | -55.4% |
| Financial charges | 65/66B | €1,920 | €17,570 | +€15,650 | +815.3% |
| Recurring financial charges | 65 | €1,920 | €17,570 | +€15,650 | +815.3% |
| Profit (loss) for the period before taxes | 9903 | €121,787 | €168,680 | +€46,893 | +38.5% |
| Income taxes | 67/77 | €27,510 | €77,281 | +€49,770 | +180.9% |
| Profit (loss) for the period | 9904 | €94,276 | €91,399 | -€2,877 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €94,276 | €91,399 | -€2,877 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.