PIETTE YVES: 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.
PIETTE YVES
Largest movements
- Cash +€33,998
up €33,998 (+34.9%), from €97,297 to €131,295
mainly Net result for the year (+€105,373) and Other debts (+€75,577)
- Current investments +€23,374
up €23,374 (+3.3%), from €712,488 to €735,862
- Receivables within one year +€17,710
up €17,710 (+304%), from €5,822 to €23,532
of which Trade receivables: +€15,000
- Other debts +€75,577
up €75,577 (+38.9%), from €194,060 to €269,637
- Reserves +€23,481
up €23,481 (+4.1%), from €569,246 to €592,727
- Debts after one year -€14,391
down €14,391 (-12.8%), from €112,074 to €97,683
- Gross operating margin -€3,913
down €3,913 (-2.1%), from €189,561 to €185,648
- Financial income +€3,355
up €3,355 (+38.5%), from €8,725 to €12,081
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 | €969,650 | €1,051,007 | +€81,357 | +8.4% |
| Fixed assets | 21/28 | €152,828 | €156,665 | +€3,837 | +2.5% |
| Tangible fixed assets | 22/27 | €152,253 | €156,090 | +€3,837 | +2.5% |
| Land and buildings | 22 | €133,814 | €129,538 | -€4,276 | -3.2% |
| Plant, machinery and equipment | 23 | €5,866 | €16,301 | +€10,435 | +178% |
| Furniture and vehicles | 24 | €4,652 | €3,211 | -€1,442 | -31.0% |
| Other tangible fixed assets | 26 | €7,920 | €7,040 | -€880 | -11.1% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €816,823 | €894,343 | +€77,520 | +9.5% |
| Amounts receivable within one year | 40/41 | €5,822 | €23,532 | +€17,710 | +304% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €5,822 | €8,532 | +€2,710 | +46.5% |
| Current investments | 50/53 | €712,488 | €735,862 | +€23,374 | +3.3% |
| Cash at bank and in hand | 54/58 | €97,297 | €131,295 | +€33,998 | +34.9% |
| Deferred charges and accrued income | 490/1 | €1,216 | €3,653 | +€2,437 | +200% |
| Total equity and liabilities | 10/49 | €969,650 | €1,051,007 | +€81,357 | +8.4% |
| Equity | 10/15 | €640,397 | €662,212 | +€21,815 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €569,246 | €592,727 | +€23,481 | +4.1% |
| Distributable reserves | 133 | €569,246 | €592,727 | +€23,481 | +4.1% |
| Profit (loss) carried forward | 14 | €52,551 | €50,885 | -€1,666 | -3.2% |
| Amounts payable | 17/49 | €329,254 | €388,795 | +€59,542 | +18.1% |
| Amounts payable after more than one year | 17 | €112,074 | €97,683 | -€14,391 | -12.8% |
| Financial debts | 170/4 | €112,074 | €97,683 | -€14,391 | -12.8% |
| Amounts payable within one year | 42/48 | €217,180 | €291,112 | +€73,932 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €13,899 | €14,391 | +€491 | +3.5% |
| Trade debts | 44 | €9,221 | €7,084 | -€2,136 | -23.2% |
| Suppliers | 440/4 | €9,221 | €7,084 | -€2,136 | -23.2% |
| Other amounts payable | 47/48 | €194,060 | €269,637 | +€75,577 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,479 | €15,702 | +€223 | +1.4% |
| Other operating charges | 640/8 | €6,797 | €5,555 | -€1,242 | -18.3% |
| Gross operating margin | 9900 | €189,561 | €185,648 | -€3,913 | -2.1% |
| Operating profit (loss) | 9901 | €167,286 | €164,392 | -€2,893 | -1.7% |
| Financial income | 75/76B | €8,725 | €12,081 | +€3,355 | +38.5% |
| Recurring financial income | 75 | €8,725 | €12,081 | +€3,355 | +38.5% |
| Financial charges | 65/66B | €21,351 | €20,491 | -€860 | -4.0% |
| Recurring financial charges | 65 | €21,351 | €20,491 | -€860 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €154,659 | €155,982 | +€1,322 | +0.9% |
| Income taxes | 67/77 | €51,067 | €50,608 | -€459 | -0.9% |
| Profit (loss) for the period | 9904 | €103,592 | €105,373 | +€1,781 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,592 | €105,373 | +€1,781 | +1.7% |
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 24 October 2026 via checked.be.