PIHOT PRODUCTION: 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.
PIHOT PRODUCTION
Largest movements
- Receivables within one year +€15,792
up €15,792 (+11.8%), from €133,600 to €149,392
of which Trade receivables: +€15,821
- Other debts -€244,291
down €244,291 (-34.9%), from €700,129 to €455,839
- Profit (loss) carried forward +€205,755
up €205,755 (+670%), from €30,689 to €236,443
- Reserves +€100,000
up €100,000 (+1,333%), from €7,500 to €107,500
- Debts after one year -€63,087
down €63,087 (-14.4%), from €436,597 to €373,509
- Gross operating margin +€285,976
up €285,976 (+417%), from €68,591 to €354,567
- Taxes +€11,795
up €11,795 (+106%), from €11,094 to €22,889
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 | €1,280,501 | €1,281,776 | +€1,275 | +0.1% |
| Fixed assets | 21/28 | €1,004,988 | €996,236 | -€8,751 | -0.9% |
| Tangible fixed assets | 22/27 | €21,988 | €13,236 | -€8,751 | -39.8% |
| Furniture and vehicles | 24 | €21,988 | €13,236 | -€8,751 | -39.8% |
| Financial fixed assets | 28 | €983,000 | €983,000 | = | 0.0% |
| Current assets | 29/58 | €275,514 | €285,540 | +€10,027 | +3.6% |
| Amounts receivable within one year | 40/41 | €133,600 | €149,392 | +€15,792 | +11.8% |
| Trade receivables | 40 | €72,600 | €88,421 | +€15,821 | +21.8% |
| Other amounts receivable | 41 | €61,000 | €60,971 | -€29 | 0.0% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,892 | €10,492 | -€5,401 | -34.0% |
| Deferred charges and accrued income | 490/1 | €1,021 | €657 | -€364 | -35.7% |
| Total equity and liabilities | 10/49 | €1,280,501 | €1,281,776 | +€1,275 | +0.1% |
| Equity | 10/15 | €40,689 | €346,443 | +€305,755 | +751% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,500 | €107,500 | +€100,000 | +1,333% |
| Distributable reserves | 133 | €7,500 | €107,500 | +€100,000 | +1,333% |
| Profit (loss) carried forward | 14 | €30,689 | €236,443 | +€205,755 | +670% |
| Amounts payable | 17/49 | €1,239,813 | €935,333 | -€304,479 | -24.6% |
| Amounts payable after more than one year | 17 | €436,597 | €373,509 | -€63,087 | -14.4% |
| Financial debts | 170/4 | €436,597 | €373,509 | -€63,087 | -14.4% |
| Amounts payable within one year | 42/48 | €803,216 | €561,824 | -€241,392 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €74,148 | €66,442 | -€7,706 | -10.4% |
| Financial debts | 43 | €11,916 | €19,199 | +€7,282 | +61.1% |
| Credit institutions | 430/8 | €11,916 | €19,199 | +€7,282 | +61.1% |
| Trade debts | 44 | €3,684 | €3,959 | +€276 | +7.5% |
| Suppliers | 440/4 | €3,684 | €3,959 | +€276 | +7.5% |
| Taxes, remuneration and social security | 45 | €13,338 | €16,386 | +€3,047 | +22.8% |
| Taxes | 450/3 | €13,338 | €16,386 | +€3,047 | +22.8% |
| Other amounts payable | 47/48 | €700,129 | €455,839 | -€244,291 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,519 | €8,751 | +€233 | +2.7% |
| Other operating charges | 640/8 | €721 | €1,151 | +€430 | +59.6% |
| Gross operating margin | 9900 | €68,591 | €354,567 | +€285,976 | +417% |
| Operating profit (loss) | 9901 | €59,352 | €344,665 | +€285,313 | +481% |
| Financial income | 75/76B | €859 | €1,182 | +€323 | +37.6% |
| Recurring financial income | 75 | €859 | €1,182 | +€323 | +37.6% |
| Financial charges | 65/66B | €18,557 | €17,203 | -€1,354 | -7.3% |
| Recurring financial charges | 65 | €18,557 | €17,203 | -€1,354 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €41,654 | €328,643 | +€286,990 | +689% |
| Income taxes | 67/77 | €11,094 | €22,889 | +€11,795 | +106% |
| Profit (loss) for the period | 9904 | €30,560 | €305,755 | +€275,195 | +901% |
| Profit (loss) for the period to be appropriated | 9905 | €30,560 | €305,755 | +€275,195 | +901% |
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 29 October 2026 via checked.be.