Pieter De Block: what changed
Pieter De Block
Largest movements
- Stocks and contracts +€5,285
up €5,285 (+60.6%), from €8,726 to €14,011
- Cash +€3,407
up €3,407 (+160%), from €2,133 to €5,539
mainly Receivables within one year (+€2,783) and Net result for the year (+€2,403)
- Receivables within one year -€2,783
down €2,783 (-13.9%), from €19,988 to €17,205
of which Trade receivables: -€2,129
- Tangible fixed assets -€483
down €483 (-65.1%), from €742 to €259
- Profit (loss) carried forward +€2,403
up €2,403 (+5.0%), from -€47,846 to -€45,443
- Trade debts +€2,362
up €2,362 (+4,486%), from €53 to €2,415
- Tax, wage and social debts +€434
up €434 (+330%), from €132 to €566
- Gross operating margin -€4,239
down €4,239 (-52.4%), from €8,089 to €3,850
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,799 | €37,129 | +€5,330 | +16.8% |
| Fixed assets | 21/28 | €742 | €259 | -€483 | -65.1% |
| Tangible fixed assets | 22/27 | €742 | €259 | -€483 | -65.1% |
| Plant, machinery and equipment | 23 | €742 | €259 | -€483 | -65.1% |
| Current assets | 29/58 | €31,057 | €36,870 | +€5,813 | +18.7% |
| Stocks and contracts in progress | 3 | €8,726 | €14,011 | +€5,285 | +60.6% |
| Stocks | 30/36 | €8,726 | €14,011 | +€5,285 | +60.6% |
| Amounts receivable within one year | 40/41 | €19,988 | €17,205 | -€2,783 | -13.9% |
| Trade receivables | 40 | €19,179 | €17,051 | -€2,129 | -11.1% |
| Other amounts receivable | 41 | €808 | €154 | -€654 | -80.9% |
| Cash at bank and in hand | 54/58 | €2,133 | €5,539 | +€3,407 | +160% |
| Deferred charges and accrued income | 490/1 | €211 | €115 | -€96 | -45.5% |
| Total equity and liabilities | 10/49 | €31,799 | €37,129 | +€5,330 | +16.8% |
| Equity | 10/15 | €31,615 | €34,017 | +€2,403 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,861 | €60,861 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,001 | €59,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,846 | -€45,443 | +€2,403 | +5.0% |
| Amounts payable | 17/49 | €184 | €3,112 | +€2,927 | +1,589% |
| Amounts payable within one year | 42/48 | €184 | €3,112 | +€2,927 | +1,589% |
| Trade debts | 44 | €53 | €2,415 | +€2,362 | +4,486% |
| Suppliers | 440/4 | €53 | €2,415 | +€2,362 | +4,486% |
| Taxes, remuneration and social security | 45 | €132 | €566 | +€434 | +330% |
| Taxes | 450/3 | €132 | €566 | +€434 | +330% |
| Other amounts payable | 47/48 | - | €131 | +€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €483 | -€0 | 0.0% |
| Other operating charges | 640/8 | €692 | €756 | +€64 | +9.3% |
| Gross operating margin | 9900 | €8,089 | €3,850 | -€4,239 | -52.4% |
| Operating profit (loss) | 9901 | €6,914 | €2,611 | -€4,303 | -62.2% |
| Financial income | 75/76B | €19 | €10 | -€9 | -47.4% |
| Recurring financial income | 75 | €19 | €10 | -€9 | -47.4% |
| Financial charges | 65/66B | €77 | €78 | +€1 | +1.9% |
| Recurring financial charges | 65 | €77 | €78 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €6,855 | €2,542 | -€4,313 | -62.9% |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €6,724 | €2,403 | -€4,321 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,724 | €2,403 | -€4,321 | -64.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.