PIONIER CONSTRUCT: 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.
PIONIER CONSTRUCT
Largest movements
- Stocks and contracts -€2.2m
down €2.2m (-68.8%), from €3.2m to €1.0m
- Cash +€276,230
up €276,230 (+180%), from €153,228 to €429,458
mainly Stocks and contracts (+€2.2m) and Debts after one year (+€2.1m)
- Receivables within one year +€140,145
up €140,145 (+229%), from €61,074 to €201,219
of which Trade receivables: +€154,144
- Deferred charges and accrued income -€77,142
down €77,142 (-69.0%), from €111,801 to €34,659
- Current portion of long-term debt -€2.6m
down €2.6m (-100%), from €2.6m to €0
- Debts after one year +€2.1m
new in 2024: €2.1m
- Trade debts -€1.1m
down €1.1m (-91.7%), from €1.2m to €101,084
- Profit (loss) carried forward -€253,930
down €253,930 (-22.0%), from -€1.2m to -€1.4m
- Other debts -€145,000
down €145,000 (-100%), from €145,000 to €0
- Turnover -€21.2m
down €21.2m (-92.0%), from €23.1m to €1.8m
- Purchases and services -€6.3m
down €6.3m (-92.4%), from €6.8m to €517,559
- Gross operating margin +€880,761
up €880,761 (+77.6%), from -€1.1m to -€253,813
- Write-downs +€471,959
up €471,959, from -€471,959 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,536,742 | €1,668,172 | -€1.9m | -52.8% |
| Current assets | 29/58 | €3,536,742 | €1,668,172 | -€1.9m | -52.8% |
| Stocks and contracts in progress | 3 | €3,210,639 | €1,002,836 | -€2.2m | -68.8% |
| Stocks | 30/36 | €3,210,639 | €1,002,836 | -€2.2m | -68.8% |
| Amounts receivable within one year | 40/41 | €61,074 | €201,219 | +€140,145 | +229% |
| Trade receivables | 40 | €32,763 | €186,907 | +€154,144 | +470% |
| Other amounts receivable | 41 | €28,311 | €14,313 | -€13,999 | -49.4% |
| Cash at bank and in hand | 54/58 | €153,228 | €429,458 | +€276,230 | +180% |
| Deferred charges and accrued income | 490/1 | €111,801 | €34,659 | -€77,142 | -69.0% |
| Total equity and liabilities | 10/49 | €3,536,742 | €1,668,172 | -€1.9m | -52.8% |
| Equity | 10/15 | -€635,349 | -€889,279 | -€253,930 | -40.0% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Capital | 10 | €520,000 | €520,000 | = | 0.0% |
| Issued capital | 100 | €520,000 | €520,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,155,349 | -€1,409,279 | -€253,930 | -22.0% |
| Amounts payable | 17/49 | €4,172,091 | €2,557,451 | -€1.6m | -38.7% |
| Amounts payable after more than one year | 17 | - | €2,105,000 | +€2.1m | |
| Financial debts | 170/4 | - | €2,105,000 | +€2.1m | |
| Amounts payable within one year | 42/48 | €3,937,913 | €101,084 | -€3.8m | -97.4% |
| Current portion of amounts payable after more than one year | 42 | €2,580,000 | €0 | -€2.6m | -100% |
| Trade debts | 44 | €1,212,913 | €101,084 | -€1.1m | -91.7% |
| Suppliers | 440/4 | €1,212,913 | €101,084 | -€1.1m | -91.7% |
| Other amounts payable | 47/48 | €145,000 | €0 | -€145,000 | -100% |
| Accrued charges and deferred income | 492/3 | €234,178 | €351,367 | +€117,190 | +50.0% |
| Turnover | 70 | €23,058,300 | €1,838,673 | -€21.2m | -92.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,813,920 | €517,559 | -€6.3m | -92.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€471,959 | €0 | +€471,959 | |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€18 | +1.7% |
| Gross operating margin | 9900 | -€1,134,575 | -€253,813 | +€880,761 | +77.6% |
| Operating profit (loss) | 9901 | -€663,691 | -€254,907 | +€408,784 | +61.6% |
| Financial income | 75/76B | €1 | €2,914 | +€2,912 | +225,761% |
| Recurring financial income | 75 | €1 | €2,914 | +€2,912 | +225,761% |
| Financial charges | 65/66B | €2,049 | €1,937 | -€112 | -5.5% |
| Recurring financial charges | 65 | €2,049 | €1,937 | -€112 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€665,738 | -€253,930 | +€411,808 | +61.9% |
| Profit (loss) for the period | 9904 | -€665,738 | -€253,930 | +€411,808 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€665,738 | -€253,930 | +€411,808 | +61.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.