PIERSTONE: 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.
PIERSTONE
Largest movements
- Cash -€142,729
down €142,729 (-51.7%), from €276,265 to €133,536
mainly Trade debts (-€296,397) and Contributions, distributions and other (-€100,000)
- Receivables within one year +€48,125
up €48,125 (+4.3%), from €1.1m to €1.2m
of which Trade receivables: +€48,457
- Trade debts -€296,397
down €296,397 (-29.3%), from €1.0m to €716,211
- Reserves +€147,264
up €147,264 (+155%), from €94,742 to €242,007
- Tax, wage and social debts +€101,172
up €101,172 (+210%), from €48,267 to €149,439
of which Taxes: +€95,312
- Advances received -€28,301
down €28,301 (-24.9%), from €113,556 to €85,256
- Gross operating margin +€349,585
up €349,585 (+221%), from €157,980 to €507,565
- Taxes +€85,430
up €85,430 (+279%), from €30,627 to €116,057
- Financial charges +€70,441
up €70,441 (+2,636%), from €2,672 to €73,113
of which Non-recurring financial charges: +€65,325
- Staff costs +€42,935
up €42,935 (+149%), from €28,747 to €71,681
- Other operating charges -€15,833
down €15,833 (-91.3%), from €17,342 to €1,509
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 | €1,400,565 | €1,312,912 | -€87,653 | -6.3% |
| Fixed assets | 21/28 | €15,862 | €16,584 | +€721 | +4.5% |
| Intangible fixed assets | 21 | €11,250 | €10,000 | -€1,250 | -11.1% |
| Tangible fixed assets | 22/27 | €4,612 | €6,584 | +€1,971 | +42.7% |
| Plant, machinery and equipment | 23 | €1,969 | €3,073 | +€1,103 | +56.0% |
| Furniture and vehicles | 24 | €2,643 | €1,943 | -€700 | -26.5% |
| Other tangible fixed assets | 26 | - | €1,568 | +€1,568 | |
| Current assets | 29/58 | €1,384,703 | €1,296,328 | -€88,374 | -6.4% |
| Amounts receivable within one year | 40/41 | €1,106,474 | €1,154,599 | +€48,125 | +4.3% |
| Trade receivables | 40 | €999,730 | €1,048,187 | +€48,457 | +4.8% |
| Other amounts receivable | 41 | €106,744 | €106,412 | -€332 | -0.3% |
| Cash at bank and in hand | 54/58 | €276,265 | €133,536 | -€142,729 | -51.7% |
| Deferred charges and accrued income | 490/1 | €1,964 | €8,193 | +€6,230 | +317% |
| Total equity and liabilities | 10/49 | €1,400,565 | €1,312,912 | -€87,653 | -6.3% |
| Equity | 10/15 | €114,742 | €262,007 | +€147,264 | +128% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €94,742 | €242,007 | +€147,264 | +155% |
| Distributable reserves | 133 | €94,742 | €242,007 | +€147,264 | +155% |
| Amounts payable | 17/49 | €1,285,822 | €1,050,905 | -€234,917 | -18.3% |
| Amounts payable within one year | 42/48 | €1,285,822 | €1,050,905 | -€234,917 | -18.3% |
| Trade debts | 44 | €1,012,609 | €716,211 | -€296,397 | -29.3% |
| Suppliers | 440/4 | €1,012,609 | €716,211 | -€296,397 | -29.3% |
| Advances received on contracts in progress | 46 | €113,556 | €85,256 | -€28,301 | -24.9% |
| Taxes, remuneration and social security | 45 | €48,267 | €149,439 | +€101,172 | +210% |
| Taxes | 450/3 | €46,367 | €141,679 | +€95,312 | +206% |
| Remuneration and social security | 454/9 | €1,900 | €7,760 | +€5,860 | +308% |
| Other amounts payable | 47/48 | €111,391 | €100,000 | -€11,391 | -10.2% |
| Remuneration, social security and pensions | 62 | €28,747 | €71,681 | +€42,935 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,981 | €3,526 | +€545 | +18.3% |
| Other operating charges | 640/8 | €17,342 | €1,509 | -€15,833 | -91.3% |
| Gross operating margin | 9900 | €157,980 | €507,565 | +€349,585 | +221% |
| Operating profit (loss) | 9901 | €108,910 | €430,849 | +€321,939 | +296% |
| Financial income | 75/76B | €2,761 | €5,585 | +€2,824 | +102% |
| Recurring financial income | 75 | €2,761 | €5,585 | +€2,824 | +102% |
| Financial charges | 65/66B | €2,672 | €73,113 | +€70,441 | +2,636% |
| Recurring financial charges | 65 | €2,672 | €7,788 | +€5,116 | +191% |
| Non-recurring financial charges | 66B | - | €65,325 | +€65,325 | |
| Profit (loss) for the period before taxes | 9903 | €109,000 | €363,321 | +€254,321 | +233% |
| Income taxes | 67/77 | €30,627 | €116,057 | +€85,430 | +279% |
| Profit (loss) for the period | 9904 | €78,373 | €247,264 | +€168,892 | +215% |
| Profit (loss) for the period to be appropriated | 9905 | €78,373 | €247,264 | +€168,892 | +215% |
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 17 October 2026 via checked.be.