PIETERSHOEVE: 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.
PIETERSHOEVE
Largest movements
- Tangible fixed assets +€10,620
up €10,620 (+26.5%), from €40,087 to €50,707
of which Land and buildings: +€10,620
- Cash -€1,408
down €1,408 (-75.9%), from €1,855 to €448
mainly Investment in fixed assets (net) (-€11,448) and Tax, wage and social debts (-€1,555)
- Profit (loss) carried forward +€6,505
up €6,505 (+20.6%), from -€31,556 to -€25,051
- Other debts +€4,262
up €4,262 (+58.8%), from €7,254 to €11,516
- Tax, wage and social debts -€1,555
down €1,555 (-55.1%), from €2,821 to €1,266
- Gross operating margin +€857
up €857 (+7.5%), from €11,418 to €12,275
- Depreciation +€828
new in 2025: €828
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 | €41,943 | €51,155 | +€9,212 | +22.0% |
| Fixed assets | 21/28 | €40,087 | €50,707 | +€10,620 | +26.5% |
| Tangible fixed assets | 22/27 | €40,087 | €50,707 | +€10,620 | +26.5% |
| Land and buildings | 22 | €40,087 | €50,707 | +€10,620 | +26.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €1,855 | €448 | -€1,408 | -75.9% |
| Cash at bank and in hand | 54/58 | €1,855 | €448 | -€1,408 | -75.9% |
| Total equity and liabilities | 10/49 | €41,943 | €51,155 | +€9,212 | +22.0% |
| Equity | 10/15 | €31,868 | €38,373 | +€6,505 | +20.4% |
| Contributions | 10/11 | €55,875 | €55,875 | = | 0.0% |
| Reserves | 13 | €7,549 | €7,549 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,549 | €7,549 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,549 | €7,549 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,556 | -€25,051 | +€6,505 | +20.6% |
| Amounts payable | 17/49 | €10,075 | €12,782 | +€2,707 | +26.9% |
| Amounts payable within one year | 42/48 | €10,075 | €12,782 | +€2,707 | +26.9% |
| Taxes, remuneration and social security | 45 | €2,821 | €1,266 | -€1,555 | -55.1% |
| Taxes | 450/3 | €2,821 | €1,266 | -€1,555 | -55.1% |
| Other amounts payable | 47/48 | €7,254 | €11,516 | +€4,262 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €828 | +€828 | |
| Other operating charges | 640/8 | €2,517 | €2,594 | +€77 | +3.1% |
| Gross operating margin | 9900 | €11,418 | €12,275 | +€857 | +7.5% |
| Operating profit (loss) | 9901 | €8,901 | €8,853 | -€48 | -0.5% |
| Financial charges | 65/66B | €59 | €62 | +€4 | +6.0% |
| Recurring financial charges | 65 | €59 | €62 | +€4 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €8,842 | €8,791 | -€52 | -0.6% |
| Income taxes | 67/77 | €2,270 | €2,286 | +€16 | +0.7% |
| Profit (loss) for the period | 9904 | €6,573 | €6,505 | -€67 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,573 | €6,505 | -€67 | -1.0% |
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 25 October 2026 via checked.be.