PIERRON DEVELOPMENT: 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.
PIERRON DEVELOPMENT
Largest movements
- Receivables within one year +€28,803
up €28,803 (+84.5%), from €34,085 to €62,887
of which Trade receivables: +€19,709
- Receivables after one year -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€21,764
up €21,764 (+38.5%), from €56,568 to €78,332
mainly Net result for the year (+€81,542) and Other debts (+€26,825)
- Other debts +€26,825
up €26,825 (+53.4%), from €50,257 to €77,081
- Trade debts -€22,281
down €22,281 (-97.0%), from €22,965 to €684
- Tax, wage and social debts +€19,505
up €19,505 (+45.5%), from €42,824 to €62,329
- Gross operating margin +€29,084
up €29,084 (+36.2%), from €80,449 to €109,533
- Taxes +€6,609
up €6,609 (+28.9%), from €22,871 to €29,480
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.
Cash bridge derived
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 | €118,371 | €143,103 | +€24,732 | +20.9% |
| Fixed assets | 21/28 | €2,718 | €1,807 | -€911 | -33.5% |
| Tangible fixed assets | 22/27 | €2,355 | €1,444 | -€911 | -38.7% |
| Furniture and vehicles | 24 | €2,355 | €1,444 | -€911 | -38.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €115,653 | €141,296 | +€25,643 | +22.2% |
| Amounts receivable after more than one year | 29 | €25,000 | - | -€25,000 | |
| Other amounts receivable | 291 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €34,085 | €62,887 | +€28,803 | +84.5% |
| Trade receivables | 40 | €10,285 | €29,994 | +€19,709 | +191.6% |
| Other amounts receivable | 41 | €23,800 | €32,893 | +€9,094 | +38.2% |
| Cash at bank and in hand | 54/58 | €56,568 | €78,332 | +€21,764 | +38.5% |
| Deferred charges and accrued income | 490/1 | - | €77 | +€77 | |
| Total equity and liabilities | 10/49 | €118,371 | €143,103 | +€24,732 | +20.9% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €116,371 | €141,103 | +€24,732 | +21.3% |
| Amounts payable within one year | 42/48 | €116,046 | €140,095 | +€24,049 | +20.7% |
| Trade debts | 44 | €22,965 | €684 | -€22,281 | -97.0% |
| Suppliers | 440/4 | €22,965 | €684 | -€22,281 | -97.0% |
| Taxes, remuneration and social security | 45 | €42,824 | €62,329 | +€19,505 | +45.5% |
| Taxes | 450/3 | €42,824 | €62,329 | +€19,505 | +45.5% |
| Other amounts payable | 47/48 | €50,257 | €77,081 | +€26,825 | +53.4% |
| Accrued charges and deferred income | 492/3 | €325 | €1,008 | +€683 | +210.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,642 | €1,450 | -€192 | -11.7% |
| Other operating charges | 640/8 | €387 | €527 | +€139 | +35.9% |
| Gross operating margin | 9900 | €80,449 | €109,533 | +€29,084 | +36.2% |
| Operating profit (loss) | 9901 | €78,420 | €107,557 | +€29,137 | +37.2% |
| Financial income | 75/76B | €3,675 | €3,634 | -€41 | -1.1% |
| Recurring financial income | 75 | €3,675 | €3,634 | -€41 | -1.1% |
| Financial charges | 65/66B | €418 | €169 | -€249 | -59.5% |
| Recurring financial charges | 65 | €418 | €169 | -€249 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €81,677 | €111,022 | +€29,344 | +35.9% |
| Income taxes | 67/77 | €22,871 | €29,480 | +€6,609 | +28.9% |
| Profit (loss) for the period | 9904 | €58,806 | €81,542 | +€22,735 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,806 | €81,542 | +€22,735 | +38.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.