PIGNOSS CERTUS: what changed
Two fiscal 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.
PIGNOSS CERTUS
Largest movements
- Tangible fixed assets +€100,871
up €100,871 (+12.8%), from €786,725 to €887,595
of which Land and buildings: +€100,842
- Cash -€45,017
down €45,017 (-70.1%), from €64,214 to €19,198
mainly Investment in fixed assets (net) (-€169,642) and Contributions, distributions and other (-€50,000)
- Deferred charges and accrued income -€10,025
no longer reported in 2025 (was €10,025)
- Reserves +€187,018
up €187,018 (+1508.9%), from €12,395 to €199,413
of which Distributable reserves: +€187,018
- Profit (loss) carried forward -€150,596
no longer reported in 2025 (was €150,596)
- Trade debts +€32,914
up €32,914 (+165.7%), from €19,866 to €52,780
- Debts after one year -€31,169
down €31,169 (-12.8%), from €242,886 to €211,717
- Other debts +€14,911
up €14,911 (+5.0%), from €300,000 to €314,911
- Write-downs +€4,191
no longer reported in 2025 (was -€4,191)
- Financial charges -€3,350
down €3,350 (-39.0%), from €8,594 to €5,244
- Depreciation +€2,989
up €2,989 (+4.5%), from €65,782 to €68,771
- Taxes +€2,480
new in 2025: €2,480
- Staff costs -€1,978
down €1,978 (-88.2%), from €2,242 to €264
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.
Cash bridge derived
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 | €891,109 | €946,116 | +€55,007 | +6.2% |
| Fixed assets | 21/28 | €786,725 | €887,595 | +€100,871 | +12.8% |
| Tangible fixed assets | 22/27 | €786,725 | €887,595 | +€100,871 | +12.8% |
| Land and buildings | 22 | €782,795 | €883,638 | +€100,842 | +12.9% |
| Plant, machinery and equipment | 23 | €3,929 | €3,957 | +€28 | +0.7% |
| Current assets | 29/58 | €104,385 | €58,521 | -€45,864 | -43.9% |
| Amounts receivable within one year | 40/41 | €30,145 | €39,323 | +€9,178 | +30.4% |
| Trade receivables | 40 | €30,145 | €39,323 | +€9,178 | +30.4% |
| Cash at bank and in hand | 54/58 | €64,214 | €19,198 | -€45,017 | -70.1% |
| Deferred charges and accrued income | 490/1 | €10,025 | - | -€10,025 | |
| Total equity and liabilities | 10/49 | €891,109 | €946,116 | +€55,007 | +6.2% |
| Equity | 10/15 | €286,938 | €323,359 | +€36,422 | +12.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €199,413 | +€187,018 | +1508.9% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | - | €187,018 | +€187,018 | |
| Profit (loss) carried forward | 14 | €150,596 | - | -€150,596 | |
| Amounts payable | 17/49 | €604,171 | €622,757 | +€18,585 | +3.1% |
| Amounts payable after more than one year | 17 | €242,886 | €211,717 | -€31,169 | -12.8% |
| Financial debts | 170/4 | €242,886 | €211,717 | -€31,169 | -12.8% |
| Amounts payable within one year | 42/48 | €361,285 | €411,039 | +€49,754 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €30,639 | €31,169 | +€530 | +1.7% |
| Trade debts | 44 | €19,866 | €52,780 | +€32,914 | +165.7% |
| Suppliers | 440/4 | €19,866 | €52,780 | +€32,914 | +165.7% |
| Taxes, remuneration and social security | 45 | €10,780 | €12,180 | +€1,401 | +13.0% |
| Taxes | 450/3 | €10,780 | €12,180 | +€1,401 | +13.0% |
| Other amounts payable | 47/48 | €300,000 | €314,911 | +€14,911 | +5.0% |
| Remuneration, social security and pensions | 62 | €2,242 | €264 | -€1,978 | -88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,782 | €68,771 | +€2,989 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,191 | - | +€4,191 | |
| Other operating charges | 640/8 | €20,112 | €20,364 | +€253 | +1.3% |
| Gross operating margin | 9900 | €184,226 | €183,520 | -€706 | -0.4% |
| Operating profit (loss) | 9901 | €100,282 | €94,121 | -€6,161 | -6.1% |
| Financial income | 75/76B | €118 | €25 | -€93 | -78.8% |
| Recurring financial income | 75 | €118 | €25 | -€93 | -78.8% |
| Financial charges | 65/66B | €8,594 | €5,244 | -€3,350 | -39.0% |
| Recurring financial charges | 65 | €8,594 | €5,244 | -€3,350 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €91,805 | €88,902 | -€2,904 | -3.2% |
| Income taxes | 67/77 | - | €2,480 | +€2,480 | |
| Profit (loss) for the period | 9904 | €91,805 | €86,422 | -€5,384 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91,805 | €86,422 | -€5,384 | -5.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.