PIGRI: 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.
PIGRI
Largest movements
- Tangible fixed assets +€122,497
up €122,497 (+23.6%), from €519,844 to €642,341
of which Furniture and vehicles: +€124,643
- Stocks and contracts +€84,946
up €84,946 (+28.7%), from €296,094 to €381,040
- Cash +€81,763
up €81,763 (+95.5%), from €85,581 to €167,345
mainly Trade debts (+€228,663) and Depreciation (+€66,913)
- Receivables within one year -€63,889
down €63,889 (-36.3%), from €175,793 to €111,904
of which Trade receivables: -€86,064
- Trade debts +€228,663
up €228,663 (+143%), from €159,396 to €388,059
- Reserves +€41,692
up €41,692 (+14.4%), from €289,709 to €331,401
of which Distributable reserves: +€41,692
- Debts after one year -€17,682
down €17,682 (-3.8%), from €468,162 to €450,480
- Current portion of long-term debt -€15,609
down €15,609 (-23.0%), from €67,867 to €52,258
- Tax, wage and social debts -€14,839
down €14,839 (-68.7%), from €21,604 to €6,765
- Gross operating margin -€141,785
down €141,785 (-50.6%), from €279,981 to €138,196
- Financial charges -€5,604
down €5,604 (-34.9%), from €16,041 to €10,436
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 | €1,083,253 | €1,307,622 | +€224,370 | +20.7% |
| Fixed assets | 21/28 | €524,704 | €647,201 | +€122,497 | +23.3% |
| Tangible fixed assets | 22/27 | €519,844 | €642,341 | +€122,497 | +23.6% |
| Land and buildings | 22 | €510,453 | €459,512 | -€50,940 | -10.0% |
| Plant, machinery and equipment | 23 | €9,391 | €58,185 | +€48,794 | +520% |
| Furniture and vehicles | 24 | - | €124,643 | +€124,643 | |
| Financial fixed assets | 28 | €4,860 | €4,860 | = | 0.0% |
| Current assets | 29/58 | €558,549 | €660,422 | +€101,873 | +18.2% |
| Stocks and contracts in progress | 3 | €296,094 | €381,040 | +€84,946 | +28.7% |
| Stocks | 30/36 | €296,094 | €381,040 | +€84,946 | +28.7% |
| Amounts receivable within one year | 40/41 | €175,793 | €111,904 | -€63,889 | -36.3% |
| Trade receivables | 40 | €175,793 | €89,729 | -€86,064 | -49.0% |
| Other amounts receivable | 41 | €0 | €22,175 | +€22,175 | |
| Cash at bank and in hand | 54/58 | €85,581 | €167,345 | +€81,763 | +95.5% |
| Deferred charges and accrued income | 490/1 | €1,081 | €133 | -€948 | -87.7% |
| Total equity and liabilities | 10/49 | €1,083,253 | €1,307,622 | +€224,370 | +20.7% |
| Equity | 10/15 | €352,821 | €394,142 | +€41,321 | +11.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €289,709 | €331,401 | +€41,692 | +14.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €289,709 | €331,401 | +€41,692 | +14.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €1,111 | €741 | -€370 | -33.3% |
| Provisions and deferred taxes | 16 | €58 | €39 | -€20 | -33.4% |
| Deferred taxes | 168 | €58 | €39 | -€20 | -33.4% |
| Amounts payable | 17/49 | €730,374 | €913,442 | +€183,068 | +25.1% |
| Amounts payable after more than one year | 17 | €468,162 | €450,480 | -€17,682 | -3.8% |
| Financial debts | 170/4 | €468,162 | €450,480 | -€17,682 | -3.8% |
| Amounts payable within one year | 42/48 | €262,212 | €462,961 | +€200,750 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €67,867 | €52,258 | -€15,609 | -23.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €159,396 | €388,059 | +€228,663 | +143% |
| Suppliers | 440/4 | €159,396 | €388,059 | +€228,663 | +143% |
| Taxes, remuneration and social security | 45 | €21,604 | €6,765 | -€14,839 | -68.7% |
| Taxes | 450/3 | €21,604 | €6,765 | -€14,839 | -68.7% |
| Other amounts payable | 47/48 | €13,345 | €15,879 | +€2,534 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,818 | €66,913 | +€1,095 | +1.7% |
| Other operating charges | 640/8 | €5,756 | €5,210 | -€546 | -9.5% |
| Gross operating margin | 9900 | €279,981 | €138,196 | -€141,785 | -50.6% |
| Operating profit (loss) | 9901 | €208,407 | €66,073 | -€142,333 | -68.3% |
| Financial income | 75/76B | €2,715 | €1,300 | -€1,415 | -52.1% |
| Recurring financial income | 75 | €2,715 | €1,300 | -€1,415 | -52.1% |
| Financial charges | 65/66B | €16,041 | €10,436 | -€5,604 | -34.9% |
| Recurring financial charges | 65 | €16,041 | €10,436 | -€5,604 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €195,081 | €56,937 | -€138,144 | -70.8% |
| Transfer from deferred taxes | 780 | €41 | €20 | -€21 | -52.2% |
| Income taxes | 67/77 | €17,979 | €15,265 | -€2,714 | -15.1% |
| Profit (loss) for the period | 9904 | €177,143 | €41,692 | -€135,452 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €177,143 | €41,692 | -€135,452 | -76.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.