PIETER-JAN: what changed
PIETER-JAN
Largest movements
- Cash -€8,191
down €8,191 (-96.8%), from €8,459 to €267
mainly Tax, wage and social debts (-€16,586) and Accrued charges and deferred income (-€4,425)
- Tangible fixed assets -€3,192
down €3,192 (-21.4%), from €14,890 to €11,698
of which Leasing and similar rights: -€4,982
- Receivables within one year +€814
up €814 (+10.8%), from €7,573 to €8,388
of which Other amounts receivable: +€1,036
- Deferred charges and accrued income -€593
down €593 (-60.7%), from €977 to €384
- Tax, wage and social debts -€16,586
down €16,586 (-98.6%), from €16,817 to €232
of which Taxes: -€14,594
- Profit (loss) carried forward +€12,429
up €12,429 (+53.5%), from -€23,225 to -€10,796
- Trade debts +€5,450
up €5,450 (+1,012%), from €538 to €5,989
- Accrued charges and deferred income -€4,425
down €4,425 (-65.3%), from €6,776 to €2,351
- Debts after one year -€3,831
no longer reported in 2025 (was €3,831)
- Gross operating margin +€35,068
up €35,068, from -€13,812 to €21,256
- Other operating charges +€1,074
up €1,074 (+322%), from €334 to €1,408
- Financial charges +€961
up €961 (+99.5%), from €966 to €1,928
- Depreciation +€423
up €423 (+8.5%), from €4,982 to €5,406
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 | €31,899 | €20,875 | -€11,024 | -34.6% |
| Fixed assets | 21/28 | €14,890 | €11,698 | -€3,192 | -21.4% |
| Tangible fixed assets | 22/27 | €14,890 | €11,698 | -€3,192 | -21.4% |
| Plant, machinery and equipment | 23 | - | €1,156 | +€1,156 | |
| Furniture and vehicles | 24 | - | €634 | +€634 | |
| Leasing and similar rights | 25 | €13,241 | €8,259 | -€4,982 | -37.6% |
| Other tangible fixed assets | 26 | €1,649 | €1,649 | = | 0.0% |
| Current assets | 29/58 | €17,009 | €9,177 | -€7,832 | -46.0% |
| Stocks and contracts in progress | 3 | - | €138 | +€138 | |
| Stocks | 30/36 | - | €138 | +€138 | |
| Amounts receivable within one year | 40/41 | €7,573 | €8,388 | +€814 | +10.8% |
| Trade receivables | 40 | €6,646 | €6,424 | -€222 | -3.3% |
| Other amounts receivable | 41 | €927 | €1,964 | +€1,036 | +112% |
| Cash at bank and in hand | 54/58 | €8,459 | €267 | -€8,191 | -96.8% |
| Deferred charges and accrued income | 490/1 | €977 | €384 | -€593 | -60.7% |
| Total equity and liabilities | 10/49 | €31,899 | €20,875 | -€11,024 | -34.6% |
| Equity | 10/15 | -€18,225 | -€5,796 | +€12,429 | +68.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,225 | -€10,796 | +€12,429 | +53.5% |
| Amounts payable | 17/49 | €50,124 | €26,671 | -€23,453 | -46.8% |
| Amounts payable after more than one year | 17 | €3,831 | - | -€3,831 | |
| Financial debts | 170/4 | €3,831 | - | -€3,831 | |
| Amounts payable within one year | 42/48 | €39,518 | €24,320 | -€15,198 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €6,406 | €3,831 | -€2,575 | -40.2% |
| Trade debts | 44 | €538 | €5,989 | +€5,450 | +1,012% |
| Suppliers | 440/4 | €538 | €5,989 | +€5,450 | +1,012% |
| Taxes, remuneration and social security | 45 | €16,817 | €232 | -€16,586 | -98.6% |
| Taxes | 450/3 | €14,825 | €232 | -€14,594 | -98.4% |
| Remuneration and social security | 454/9 | €1,992 | - | -€1,992 | |
| Other amounts payable | 47/48 | €15,756 | €14,269 | -€1,487 | -9.4% |
| Accrued charges and deferred income | 492/3 | €6,776 | €2,351 | -€4,425 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,982 | €5,406 | +€423 | +8.5% |
| Other operating charges | 640/8 | €334 | €1,408 | +€1,074 | +322% |
| Gross operating margin | 9900 | -€13,812 | €21,256 | +€35,068 | |
| Operating profit (loss) | 9901 | -€19,129 | €14,442 | +€33,571 | |
| Financial income | 75/76B | €2 | €45 | +€43 | +1,951% |
| Recurring financial income | 75 | €2 | €45 | +€43 | +1,951% |
| Financial charges | 65/66B | €966 | €1,928 | +€961 | +99.5% |
| Recurring financial charges | 65 | €966 | €1,928 | +€961 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,093 | €12,559 | +€32,652 | |
| Income taxes | 67/77 | €147 | €130 | -€17 | -11.5% |
| Profit (loss) for the period | 9904 | -€20,240 | €12,429 | +€32,669 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,240 | €12,429 | +€32,669 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.