PIETERS NV: what changed
What changed
PIETERS NV
filed annual accounts (NBB)
Net result for the year
€1,107
2024 · -€521+€1,628
Equity
€294,608
2024 · €293,501+€1,107
Cash
€12,071
2024 · €5,863+€6,208
Balance sheet total
€548,636
2024 · €573,013-€24,377
Largest movements
Assets
- Tangible fixed assets -€26,563
down €26,563 (-5.0%), from €534,009 to €507,446
of which Land and buildings: -€24,953
- Cash +€6,208
up €6,208 (+106%), from €5,863 to €12,071
mainly Depreciation (+€26,563) and Other debts (+€10,014)
Equity and liabilities
- Debts after one year -€27,000
down €27,000 (-18.7%), from €144,500 to €117,500
- Other debts +€10,014
up €10,014 (+175%), from €5,716 to €15,730
Income statement
- Gross operating margin +€3,375
up €3,375 (+9.8%), from €34,568 to €37,943
- Financial charges +€1,432
up €1,432 (+46.7%), from €3,063 to €4,495
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.
Result 2024
-€521
Gross operating margin
+€3,375
Other operating charges
-€67
Financial income
-€23
Financial charges
-€1,432
Taxes
-€226
Result 2025
€1,107
raises the resultlowers the result
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.
From operations
+€33,208
Investment
€0
Financing
-€27,000
Cash 2024
€5,863
From operations (derived)
+€33,208
Net result for the year
+€1,107
Depreciation
+€26,563
Receivables after one year
+€3,000
Receivables within one year
+€1,030
Deferred charges and accrued income
-€8
Provisions
-€5,430
Trade debts
+€105
Tax, wage and social debts
-€3,172
Other debts
+€10,014
Financing
-€27,000
Debts after one year
-€27,000
Cash 2025
€12,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €573,013 | €548,636 | -€24,377 | -4.3% |
| Fixed assets | 21/28 | €534,009 | €507,446 | -€26,563 | -5.0% |
| Tangible fixed assets | 22/27 | €534,009 | €507,446 | -€26,563 | -5.0% |
| Land and buildings | 22 | €528,210 | €503,257 | -€24,953 | -4.7% |
| Plant, machinery and equipment | 23 | €3,507 | €2,832 | -€676 | -19.3% |
| Furniture and vehicles | 24 | €2,292 | €1,358 | -€934 | -40.8% |
| Current assets | 29/58 | €39,004 | €41,190 | +€2,186 | +5.6% |
| Amounts receivable after more than one year | 29 | €28,750 | €25,750 | -€3,000 | -10.4% |
| Other amounts receivable | 291 | €28,750 | €25,750 | -€3,000 | -10.4% |
| Amounts receivable within one year | 40/41 | €4,089 | €3,059 | -€1,030 | -25.2% |
| Trade receivables | 40 | €4,089 | €3,059 | -€1,030 | -25.2% |
| Cash at bank and in hand | 54/58 | €5,863 | €12,071 | +€6,208 | +106% |
| Deferred charges and accrued income | 490/1 | €301 | €310 | +€8 | +2.7% |
| Total equity and liabilities | 10/49 | €573,013 | €548,636 | -€24,377 | -4.3% |
| Equity | 10/15 | €293,501 | €294,608 | +€1,107 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €231,501 | €232,608 | +€1,107 | +0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,349 | €174,807 | -€10,542 | -5.7% |
| Distributable reserves | 133 | €39,953 | €51,601 | +€11,648 | +29.2% |
| Provisions and deferred taxes | 16 | €95,483 | €90,052 | -€5,430 | -5.7% |
| Deferred taxes | 168 | €95,483 | €90,052 | -€5,430 | -5.7% |
| Amounts payable | 17/49 | €184,029 | €163,976 | -€20,053 | -10.9% |
| Amounts payable after more than one year | 17 | €144,500 | €117,500 | -€27,000 | -18.7% |
| Financial debts | 170/4 | €144,500 | €117,500 | -€27,000 | -18.7% |
| Amounts payable within one year | 42/48 | €38,749 | €45,696 | +€6,947 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €27,000 | €27,000 | = | 0.0% |
| Trade debts | 44 | €0 | €105 | +€105 | |
| Suppliers | 440/4 | €0 | €105 | +€105 | |
| Taxes, remuneration and social security | 45 | €6,033 | €2,861 | -€3,172 | -52.6% |
| Taxes | 450/3 | €6,033 | €2,861 | -€3,172 | -52.6% |
| Other amounts payable | 47/48 | €5,716 | €15,730 | +€10,014 | +175% |
| Accrued charges and deferred income | 492/3 | €780 | €780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,563 | €26,563 | = | 0.0% |
| Other operating charges | 640/8 | €5,408 | €5,474 | +€67 | +1.2% |
| Gross operating margin | 9900 | €34,568 | €37,943 | +€3,375 | +9.8% |
| Operating profit (loss) | 9901 | €2,598 | €5,906 | +€3,308 | +127% |
| Financial income | 75/76B | €431 | €409 | -€23 | -5.2% |
| Recurring financial income | 75 | €431 | €409 | -€23 | -5.2% |
| Financial charges | 65/66B | €3,063 | €4,495 | +€1,432 | +46.7% |
| Recurring financial charges | 65 | €3,063 | €4,495 | +€1,432 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | -€34 | €1,820 | +€1,854 | |
| Transfer from deferred taxes | 780 | €5,430 | €5,430 | = | 0.0% |
| Income taxes | 67/77 | €5,917 | €6,144 | +€226 | +3.8% |
| Profit (loss) for the period | 9904 | -€521 | €1,107 | +€1,628 | |
| Transfer from tax-exempt reserves | 789 | €10,542 | €10,542 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,021 | €11,648 | +€1,628 | +16.2% |
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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 2 November 2026 via checked.be.