PIETELBEEK: 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.
PIETELBEEK
Largest movements
- Cash +€36,310
up €36,310 (+117%), from €30,929 to €67,239
mainly Depreciation (+€30,991) and Net result for the year (+€23,335)
- Tangible fixed assets -€30,991
down €30,991 (-24.2%), from €127,804 to €96,813
- Receivables within one year +€10,244
up €10,244 (+20,525%), from €50 to €10,294
- Reserves +€23,335
up €23,335 (+124%), from €18,776 to €42,111
of which Distributable reserves: +€23,335
- Other debts -€5,704
down €5,704 (-8.0%), from €71,265 to €65,561
- Taxes +€6,696
up €6,696 (+619%), from €1,082 to €7,778
- Gross operating margin -€5,025
down €5,025 (-6.8%), from €74,118 to €69,093
- Financial charges -€1,073
down €1,073 (-37.9%), from €2,829 to €1,756
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 | €158,819 | €174,345 | +€15,527 | +9.8% |
| Fixed assets | 21/28 | €127,804 | €96,813 | -€30,991 | -24.2% |
| Tangible fixed assets | 22/27 | €127,804 | €96,813 | -€30,991 | -24.2% |
| Land and buildings | 22 | €127,804 | €96,813 | -€30,991 | -24.2% |
| Current assets | 29/58 | €31,015 | €77,532 | +€46,517 | +150% |
| Amounts receivable within one year | 40/41 | €50 | €10,294 | +€10,244 | +20,525% |
| Other amounts receivable | 41 | €50 | €10,294 | +€10,244 | +20,525% |
| Cash at bank and in hand | 54/58 | €30,929 | €67,239 | +€36,310 | +117% |
| Deferred charges and accrued income | 490/1 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €158,819 | €174,345 | +€15,527 | +9.8% |
| Equity | 10/15 | €83,776 | €107,111 | +€23,335 | +27.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €18,776 | €42,111 | +€23,335 | +124% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €12,276 | €35,611 | +€23,335 | +190% |
| Amounts payable | 17/49 | €75,043 | €67,235 | -€7,808 | -10.4% |
| Amounts payable within one year | 42/48 | €72,381 | €65,561 | -€6,820 | -9.4% |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Taxes, remuneration and social security | 45 | €1,082 | - | -€1,082 | |
| Taxes | 450/3 | €1,082 | - | -€1,082 | |
| Other amounts payable | 47/48 | €71,265 | €65,561 | -€5,704 | -8.0% |
| Accrued charges and deferred income | 492/3 | €2,662 | €1,674 | -€989 | -37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,991 | €30,991 | = | 0.0% |
| Other operating charges | 640/8 | €5,498 | €5,234 | -€264 | -4.8% |
| Gross operating margin | 9900 | €74,118 | €69,093 | -€5,025 | -6.8% |
| Operating profit (loss) | 9901 | €37,629 | €32,869 | -€4,761 | -12.7% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €2,829 | €1,756 | -€1,073 | -37.9% |
| Recurring financial charges | 65 | €2,829 | €1,756 | -€1,073 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €34,837 | €31,113 | -€3,724 | -10.7% |
| Income taxes | 67/77 | €1,082 | €7,778 | +€6,696 | +619% |
| Profit (loss) for the period | 9904 | €33,755 | €23,335 | -€10,420 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,755 | €23,335 | -€10,420 | -30.9% |
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 22 October 2026 via checked.be.