PIERREUX-JANSSENS: what changed
PIERREUX-JANSSENS
Largest movements
- Cash +€97,753
up €97,753 (+46.3%), from €211,184 to €308,936
mainly Net result for the year (+€213,083) and Trade debts (+€93,930)
- Receivables within one year +€48,416
up €48,416 (+27.7%), from €174,552 to €222,968
of which Trade receivables: +€55,518
- Tangible fixed assets -€16,676
down €16,676 (-38.1%), from €43,740 to €27,064
of which Furniture and vehicles: -€15,018
- Stocks and contracts +€14,027
up €14,027 (+5.9%), from €238,722 to €252,749
of which Stocks: +€41,641
- Trade debts +€93,930
up €93,930 (+29.2%), from €322,137 to €416,066
- Other debts +€48,000
up €48,000 (+29.0%), from €165,395 to €213,395
- Staff costs -€26,981
down €26,981 (-16.7%), from €161,534 to €134,554
- Gross operating margin +€13,448
up €13,448 (+3.9%), from €345,164 to €358,613
- Depreciation -€8,249
down €8,249 (-39.6%), from €20,818 to €12,569
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,903 | €811,871 | +€139,968 | +20.8% |
| Fixed assets | 21/28 | €47,446 | €27,218 | -€20,228 | -42.6% |
| Tangible fixed assets | 22/27 | €43,740 | €27,064 | -€16,676 | -38.1% |
| Land and buildings | 22 | €425 | €212 | -€212 | -50.0% |
| Plant, machinery and equipment | 23 | €14,049 | €12,604 | -€1,446 | -10.3% |
| Furniture and vehicles | 24 | €29,266 | €14,248 | -€15,018 | -51.3% |
| Financial fixed assets | 28 | €3,705 | €154 | -€3,552 | -95.9% |
| Current assets | 29/58 | €624,458 | €784,653 | +€160,196 | +25.7% |
| Stocks and contracts in progress | 3 | €238,722 | €252,749 | +€14,027 | +5.9% |
| Stocks | 30/36 | €170,140 | €211,782 | +€41,641 | +24.5% |
| Contracts in progress | 37 | €68,582 | €40,967 | -€27,615 | -40.3% |
| Amounts receivable within one year | 40/41 | €174,552 | €222,968 | +€48,416 | +27.7% |
| Trade receivables | 40 | €110,715 | €166,232 | +€55,518 | +50.1% |
| Other amounts receivable | 41 | €63,837 | €56,735 | -€7,102 | -11.1% |
| Cash at bank and in hand | 54/58 | €211,184 | €308,936 | +€97,753 | +46.3% |
| Total equity and liabilities | 10/49 | €671,903 | €811,871 | +€139,968 | +20.8% |
| Equity | 10/15 | €177,698 | €178,781 | +€1,083 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,238 | €158,321 | +€1,083 | +0.7% |
| Amounts payable | 17/49 | €494,205 | €633,090 | +€138,885 | +28.1% |
| Amounts payable within one year | 42/48 | €494,205 | €633,090 | +€138,885 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €5,557 | - | -€5,557 | |
| Trade debts | 44 | €322,137 | €416,066 | +€93,930 | +29.2% |
| Suppliers | 440/4 | €322,137 | €416,066 | +€93,930 | +29.2% |
| Taxes, remuneration and social security | 45 | €1,116 | €3,629 | +€2,513 | +225% |
| Taxes | 450/3 | €448 | €1,167 | +€719 | +161% |
| Remuneration and social security | 454/9 | €668 | €2,462 | +€1,793 | +268% |
| Other amounts payable | 47/48 | €165,395 | €213,395 | +€48,000 | +29.0% |
| Remuneration, social security and pensions | 62 | €161,534 | €134,554 | -€26,981 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,818 | €12,569 | -€8,249 | -39.6% |
| Gross operating margin | 9900 | €345,164 | €358,613 | +€13,448 | +3.9% |
| Operating profit (loss) | 9901 | €162,812 | €211,490 | +€48,677 | +29.9% |
| Financial income | 75/76B | €2,621 | €2,664 | +€43 | +1.6% |
| Recurring financial income | 75 | €2,621 | €2,664 | +€43 | +1.6% |
| Financial charges | 65/66B | €638 | €352 | -€286 | -44.9% |
| Recurring financial charges | 65 | €638 | €352 | -€286 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €164,795 | €213,802 | +€49,006 | +29.7% |
| Income taxes | 67/77 | €452 | €719 | +€267 | +59.2% |
| Profit (loss) for the period | 9904 | €164,344 | €213,083 | +€48,739 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €164,344 | €213,083 | +€48,739 | +29.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.