Pierrot D: 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.
Pierrot D
Largest movements
- Receivables within one year +€9,094
up €9,094 (+77.8%), from €11,692 to €20,787
of which Other amounts receivable: +€11,549
- Cash -€1,211
down €1,211 (-97.9%), from €1,238 to €27
mainly Receivables within one year (-€9,094) and Tax, wage and social debts (-€4,927)
- Tangible fixed assets -€262
down €262 (-39.6%), from €661 to €400
- Trade debts +€10,491
up €10,491 (+4,426%), from €237 to €10,728
- Tax, wage and social debts -€4,927
down €4,927 (-100%), from €4,927 to €0
of which Taxes: -€3,727
- Profit (loss) carried forward +€4,195
up €4,195 (+147%), from €2,852 to €7,047
- Other debts -€2,075
down €2,075 (-100%), from €2,075 to €0
- Gross operating margin +€20,205
up €20,205, from -€15,483 to €4,722
- Financial income +€243
up €243 (+1,053%), from €23 to €266
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 | €13,592 | €21,331 | +€7,740 | +56.9% |
| Fixed assets | 21/28 | €661 | €400 | -€262 | -39.6% |
| Tangible fixed assets | 22/27 | €661 | €400 | -€262 | -39.6% |
| Plant, machinery and equipment | 23 | €661 | €400 | -€262 | -39.6% |
| Current assets | 29/58 | €12,930 | €20,932 | +€8,002 | +61.9% |
| Amounts receivable within one year | 40/41 | €11,692 | €20,787 | +€9,094 | +77.8% |
| Trade receivables | 40 | €11,692 | €9,238 | -€2,455 | -21.0% |
| Other amounts receivable | 41 | €0 | €11,549 | +€11,549 | |
| Cash at bank and in hand | 54/58 | €1,238 | €27 | -€1,211 | -97.9% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €13,592 | €21,331 | +€7,740 | +56.9% |
| Equity | 10/15 | €6,352 | €10,547 | +€4,195 | +66.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,852 | €7,047 | +€4,195 | +147% |
| Amounts payable | 17/49 | €7,239 | €10,784 | +€3,545 | +49.0% |
| Amounts payable within one year | 42/48 | €7,239 | €10,784 | +€3,545 | +49.0% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €237 | €10,728 | +€10,491 | +4,426% |
| Suppliers | 440/4 | €237 | €10,728 | +€10,491 | +4,426% |
| Taxes, remuneration and social security | 45 | €4,927 | €0 | -€4,927 | -100% |
| Taxes | 450/3 | €3,727 | €0 | -€3,727 | -100% |
| Remuneration and social security | 454/9 | €1,200 | €0 | -€1,200 | -100% |
| Other amounts payable | 47/48 | €2,075 | €0 | -€2,075 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124 | €262 | +€138 | +112% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€15,483 | €4,722 | +€20,205 | |
| Operating profit (loss) | 9901 | -€15,994 | €4,060 | +€20,055 | |
| Financial income | 75/76B | €23 | €266 | +€243 | +1,053% |
| Recurring financial income | 75 | €23 | €266 | +€243 | +1,053% |
| Financial charges | 65/66B | €33 | €132 | +€99 | +302% |
| Recurring financial charges | 65 | €33 | €132 | +€99 | +302% |
| Profit (loss) for the period before taxes | 9903 | -€16,004 | €4,195 | +€20,199 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,004 | €4,195 | +€20,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,004 | €4,195 | +€20,199 |
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 18 October 2026 via checked.be.