PIEVER: 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.
What changed
PIEVER
NACE 47.742, Retail sale of prescription glasses, lenses and sunglasses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,096
2024 · €23,725+€25,371
Equity
€200,582
2024 · €151,486+€49,096
Cash
€173,750
2024 · €136,132+€37,618
Balance sheet total
€229,473
2024 · €187,370+€42,103
Largest movements
Assets
- Cash +€37,618
up €37,618 (+27.6%), from €136,132 to €173,750
mainly Net result for the year (+€49,096) and Tax, wage and social debts (+€7,121)
- Stocks and contracts +€3,118
up €3,118 (+8.4%), from €37,086 to €40,204
of which Stocks: +€3,118
- Tangible fixed assets +€2,854
up €2,854 (+56.0%), from €5,093 to €7,947
of which Furniture and vehicles: +€4,642
Equity and liabilities
- Reserves +€49,000
up €49,000 (+95.1%), from €51,530 to €100,530
of which Distributable reserves: +€49,000
- Other debts -€11,679
down €11,679 (-84.0%), from €13,899 to €2,220
- Tax, wage and social debts +€7,121
up €7,121 (+56.4%), from €12,632 to €19,753
of which Taxes: +€7,121
- Trade debts +€5,533
up €5,533, from €0 to €5,533
of which Suppliers: +€5,533
- Accrued charges and deferred income -€3,795
down €3,795 (-100%), from €3,795 to €0
Income statement
- Gross operating margin +€31,719
up €31,719 (+69.6%), from €45,556 to €77,275
- Taxes +€10,765
up €10,765 (+114%), from €9,403 to €20,168
- Depreciation -€4,279
down €4,279 (-41.9%), from €10,201 to €5,922
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.
Result 2024
€23,725
Gross operating margin
+€31,719
Depreciation
+€4,279
Other operating charges
+€8
Financial charges
+€130
Taxes
-€10,765
Result 2025
€49,096
raises the resultlowers the result
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.
From operations
+€50,567
Investment
-€8,776
Financing
-€4,173
Cash 2024
€136,132
From operations (derived)
+€50,567
Net result for the year
+€49,096
Depreciation
+€5,922
Stocks and contracts
-€3,118
Receivables within one year
+€1,522
Deferred charges and accrued income
-€35
Trade debts
+€5,533
Tax, wage and social debts
+€7,121
Other debts
-€11,679
Accrued charges and deferred income
-€3,795
Investment (derived)
-€8,776
Investment in fixed assets (net)
-€8,776
Financing
-€4,173
Debts after one year
-€1,039
Current portion of long-term debt
-€3,134
Cash 2025
€173,750
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,370 | €229,473 | +€42,103 | +22.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €8,018 | €10,872 | +€2,854 | +35.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €5,093 | €7,947 | +€2,854 | +56.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €1,297 | €0 | -€1,297 | -100% |
| Furniture and vehicles | 24 | €3,305 | €7,947 | +€4,642 | +140% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €491 | €0 | -€491 | -100% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €2,925 | €2,925 | = | 0.0% |
| Current assets | 29/58 | €179,352 | €218,601 | +€39,249 | +21.9% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €37,086 | €40,204 | +€3,118 | +8.4% |
| Stocks | 30/36 | €37,086 | €40,204 | +€3,118 | +8.4% |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €5,015 | €3,493 | -€1,522 | -30.3% |
| Trade receivables | 40 | €5,015 | €3,493 | -€1,522 | -30.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €136,132 | €173,750 | +€37,618 | +27.6% |
| Deferred charges and accrued income | 490/1 | €1,119 | €1,154 | +€35 | +3.1% |
| Total equity and liabilities | 10/49 | €187,370 | €229,473 | +€42,103 | +22.5% |
| Equity | 10/15 | €151,486 | €200,582 | +€49,096 | +32.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €51,530 | €100,530 | +€49,000 | +95.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €49,530 | €98,530 | +€49,000 | +98.9% |
| Profit (loss) carried forward | 14 | €79,956 | €80,052 | +€96 | +0.1% |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,884 | €28,891 | -€6,993 | -19.5% |
| Amounts payable after more than one year | 17 | €1,039 | €0 | -€1,039 | -100% |
| Financial debts | 170/4 | €1,039 | €0 | -€1,039 | -100% |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €31,050 | €28,891 | -€2,159 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €4,519 | €1,385 | -€3,134 | -69.4% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €0 | €5,533 | +€5,533 | |
| Suppliers | 440/4 | €0 | €5,533 | +€5,533 | |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €12,632 | €19,753 | +€7,121 | +56.4% |
| Taxes | 450/3 | €12,632 | €19,753 | +€7,121 | +56.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €13,899 | €2,220 | -€11,679 | -84.0% |
| Accrued charges and deferred income | 492/3 | €3,795 | €0 | -€3,795 | -100% |
| Turnover | 70 | - | €0 | = | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,201 | €5,922 | -€4,279 | -41.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | €0 | = | |
| Other operating charges | 640/8 | €1,802 | €1,794 | -€8 | -0.4% |
| Gross operating margin | 9900 | €45,556 | €77,275 | +€31,719 | +69.6% |
| Operating profit (loss) | 9901 | €33,553 | €69,559 | +€36,006 | +107% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €425 | €295 | -€130 | -30.6% |
| Recurring financial charges | 65 | €425 | €295 | -€130 | -30.6% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €33,128 | €69,264 | +€36,136 | +109% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €9,403 | €20,168 | +€10,765 | +114% |
| Profit (loss) for the period | 9904 | €23,725 | €49,096 | +€25,371 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €23,725 | €49,096 | +€25,371 | +107% |
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 21 October 2026 via checked.be.