PIERRIMMO: 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.
PIERRIMMO
Largest movements
- Cash +€56,400
up €56,400 (+6.7%), from €846,223 to €902,622
mainly Depreciation (+€47,153) and Net result for the year (+€18,956)
- Tangible fixed assets -€46,294
down €46,294 (-5.2%), from €888,848 to €842,553
of which Land and buildings: -€34,352
- Reserves +€18,955
up €18,955 (+1.2%), from €1.5m to €1.5m
of which Distributable reserves: +€41,914
- Financial income +€12,234
up €12,234 (+7,488%), from €163 to €12,397
- Depreciation -€9,758
down €9,758 (-17.1%), from €56,911 to €47,153
- Taxes +€9,746
up €9,746 (+77.2%), from €12,628 to €22,375
- Gross operating margin +€8,198
up €8,198 (+11.8%), from €69,480 to €77,678
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 | €1,807,389 | €1,812,677 | +€5,289 | +0.3% |
| Fixed assets | 21/28 | €888,848 | €842,553 | -€46,294 | -5.2% |
| Tangible fixed assets | 22/27 | €888,848 | €842,553 | -€46,294 | -5.2% |
| Land and buildings | 22 | €876,127 | €841,775 | -€34,352 | -3.9% |
| Plant, machinery and equipment | 23 | €354 | - | -€354 | |
| Furniture and vehicles | 24 | €12,367 | €778 | -€11,588 | -93.7% |
| Current assets | 29/58 | €918,541 | €970,124 | +€51,583 | +5.6% |
| Amounts receivable within one year | 40/41 | €10,267 | €4,357 | -€5,910 | -57.6% |
| Trade receivables | 40 | €7,116 | €4,357 | -€2,759 | -38.8% |
| Other amounts receivable | 41 | €3,151 | - | -€3,151 | |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €846,223 | €902,622 | +€56,400 | +6.7% |
| Deferred charges and accrued income | 490/1 | €2,051 | €3,145 | +€1,093 | +53.3% |
| Total equity and liabilities | 10/49 | €1,807,389 | €1,812,677 | +€5,289 | +0.3% |
| Equity | 10/15 | €1,546,982 | €1,565,938 | +€18,956 | +1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,526,945 | €1,545,900 | +€18,955 | +1.2% |
| Tax-exempt reserves | 132 | €536,691 | €513,732 | -€22,959 | -4.3% |
| Distributable reserves | 133 | €990,254 | €1,032,168 | +€41,914 | +4.2% |
| Profit (loss) carried forward | 14 | €36 | €37 | +€1 | +2.8% |
| Provisions and deferred taxes | 16 | €178,897 | €171,244 | -€7,653 | -4.3% |
| Deferred taxes | 168 | €178,897 | €171,244 | -€7,653 | -4.3% |
| Amounts payable | 17/49 | €81,510 | €75,496 | -€6,014 | -7.4% |
| Amounts payable after more than one year | 17 | €77,945 | €63,615 | -€14,330 | -18.4% |
| Other amounts payable | 178/9 | €77,945 | €63,615 | -€14,330 | -18.4% |
| Amounts payable within one year | 42/48 | €3,564 | €11,880 | +€8,316 | +233% |
| Trade debts | 44 | €2,144 | €3,047 | +€903 | +42.1% |
| Suppliers | 440/4 | €2,144 | €3,047 | +€903 | +42.1% |
| Taxes, remuneration and social security | 45 | - | €7,413 | +€7,413 | |
| Taxes | 450/3 | - | €7,413 | +€7,413 | |
| Other amounts payable | 47/48 | €1,420 | €1,420 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,911 | €47,153 | -€9,758 | -17.1% |
| Other operating charges | 640/8 | €8,501 | €8,968 | +€467 | +5.5% |
| Gross operating margin | 9900 | €69,480 | €77,678 | +€8,198 | +11.8% |
| Operating profit (loss) | 9901 | €4,067 | €21,557 | +€17,489 | +430% |
| Financial income | 75/76B | €163 | €12,397 | +€12,234 | +7,488% |
| Recurring financial income | 75 | €163 | €12,397 | +€12,234 | +7,488% |
| Financial charges | 65/66B | €340 | €276 | -€64 | -18.8% |
| Recurring financial charges | 65 | €340 | €276 | -€64 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €3,890 | €33,677 | +€29,787 | +766% |
| Transfer from deferred taxes | 780 | €7,653 | €7,653 | = | 0.0% |
| Income taxes | 67/77 | €12,628 | €22,375 | +€9,746 | +77.2% |
| Profit (loss) for the period | 9904 | -€1,085 | €18,956 | +€20,040 | |
| Transfer from tax-exempt reserves | 789 | €22,959 | €22,959 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,875 | €41,915 | +€20,040 | +91.6% |
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 13 October 2026 via checked.be.