Piping & Process Solutions: 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
Piping & Process Solutions
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€308,477
2024 · €250,528+€57,949
Equity
€1.6m
2024 · €1.3m+€308,477
Cash
€973,855
2024 · €1.1m-€131,945
Balance sheet total
€2.5m
2024 · €2.5m+€107
Largest movements
Assets
- Deferred charges and accrued income +€142,559
up €142,559 (+57.3%), from €248,661 to €391,220
- Cash -€131,945
down €131,945 (-11.9%), from €1.1m to €973,855
mainly Trade debts (-€431,103) and Deferred charges and accrued income (-€142,559)
- Stocks and contracts -€34,210
down €34,210 (-68.6%), from €49,852 to €15,642
Equity and liabilities
- Trade debts -€431,103
down €431,103 (-40.9%), from €1.1m to €621,894
- Reserves +€308,477
up €308,477 (+23.6%), from €1.3m to €1.6m
- Tax, wage and social debts +€138,220
up €138,220 (+178%), from €77,710 to €215,929
of which Taxes: +€112,366
Income statement
- Gross operating margin +€209,089
up €209,089 (+26.4%), from €793,361 to €1.0m
- Provisions +€87,343
up €87,343, from -€87,343 to €0
- Staff costs +€71,070
up €71,070 (+16.3%), from €436,151 to €507,222
- Taxes -€42,312
down €42,312 (-27.4%), from €154,587 to €112,275
- Write-downs +€27,616
up €27,616, from -€27,616 to €0
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
€250,528
Gross operating margin
+€209,089
Staff costs
-€71,070
Depreciation
+€602
Write-downs
-€27,616
Provisions
-€87,343
Other operating charges
-€4,388
Other operating items
-€2,933
Financial income
-€1,415
Financial charges
+€710
Taxes
+€42,312
Result 2025
€308,477
raises the resultlowers the resultnot broken down further in the accounts
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
-€55,258
Investment
-€61,200
Financing
-€15,487
Cash 2024
€1.1m
From operations (derived)
-€55,258
Net result for the year
+€308,477
Depreciation
+€58,614
Stocks and contracts
+€34,210
Receivables within one year
-€21,116
Deferred charges and accrued income
-€142,559
Trade debts
-€431,103
Tax, wage and social debts
+€138,220
Investment (derived)
-€61,200
Investment in fixed assets (net)
-€61,200
Financing
-€15,487
Debts after one year
-€14,367
Current portion of long-term debt
-€1,121
Cash 2025
€973,855
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,497,501 | €2,497,607 | +€107 | 0.0% |
| Fixed assets | 21/28 | €214,669 | €217,255 | +€2,586 | +1.2% |
| Tangible fixed assets | 22/27 | €204,319 | €217,255 | +€12,936 | +6.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €57,980 | €53,289 | -€4,691 | -8.1% |
| Furniture and vehicles | 24 | €50,495 | €53,680 | +€3,186 | +6.3% |
| Other tangible fixed assets | 26 | €95,844 | €110,286 | +€14,442 | +15.1% |
| Financial fixed assets | 28 | €10,350 | €0 | -€10,350 | -100% |
| Current assets | 29/58 | €2,282,831 | €2,280,352 | -€2,480 | -0.1% |
| Stocks and contracts in progress | 3 | €49,852 | €15,642 | -€34,210 | -68.6% |
| Stocks | 30/36 | €49,852 | €15,642 | -€34,210 | -68.6% |
| Amounts receivable within one year | 40/41 | €878,518 | €899,635 | +€21,116 | +2.4% |
| Trade receivables | 40 | €697,862 | €689,837 | -€8,025 | -1.1% |
| Other amounts receivable | 41 | €180,656 | €209,798 | +€29,141 | +16.1% |
| Cash at bank and in hand | 54/58 | €1,105,800 | €973,855 | -€131,945 | -11.9% |
| Deferred charges and accrued income | 490/1 | €248,661 | €391,220 | +€142,559 | +57.3% |
| Total equity and liabilities | 10/49 | €2,497,501 | €2,497,607 | +€107 | 0.0% |
| Equity | 10/15 | €1,328,275 | €1,636,752 | +€308,477 | +23.2% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €1,306,275 | €1,614,752 | +€308,477 | +23.6% |
| Distributable reserves | 133 | €1,306,275 | €1,614,752 | +€308,477 | +23.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €1,169,226 | €860,855 | -€308,370 | -26.4% |
| Amounts payable after more than one year | 17 | €23,032 | €8,665 | -€14,367 | -62.4% |
| Financial debts | 170/4 | €23,032 | €8,665 | -€14,367 | -62.4% |
| Amounts payable within one year | 42/48 | €1,146,194 | €852,191 | -€294,004 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €15,487 | €14,367 | -€1,121 | -7.2% |
| Trade debts | 44 | €1,052,997 | €621,894 | -€431,103 | -40.9% |
| Suppliers | 440/4 | €1,052,997 | €621,894 | -€431,103 | -40.9% |
| Taxes, remuneration and social security | 45 | €77,710 | €215,929 | +€138,220 | +178% |
| Taxes | 450/3 | €15,635 | €128,002 | +€112,366 | +719% |
| Remuneration and social security | 454/9 | €62,074 | €87,928 | +€25,854 | +41.6% |
| Non-recurring operating income | 76A | - | €3,578 | +€3,578 | |
| Remuneration, social security and pensions | 62 | €436,151 | €507,222 | +€71,070 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,216 | €58,614 | -€602 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,616 | €0 | +€27,616 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€87,343 | €0 | +€87,343 | |
| Other operating charges | 640/8 | €4,549 | €8,936 | +€4,388 | +96.5% |
| Non-recurring operating charges | 66A | - | €2,933 | +€2,933 | |
| Gross operating margin | 9900 | €793,361 | €1,002,450 | +€209,089 | +26.4% |
| Operating profit (loss) | 9901 | €408,404 | €424,745 | +€16,342 | +4.0% |
| Financial income | 75/76B | €2,029 | €613 | -€1,415 | -69.8% |
| Recurring financial income | 75 | €2,029 | €613 | -€1,415 | -69.8% |
| Financial charges | 65/66B | €5,317 | €4,607 | -€710 | -13.4% |
| Recurring financial charges | 65 | €5,317 | €4,607 | -€710 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €405,115 | €420,752 | +€15,637 | +3.9% |
| Income taxes | 67/77 | €154,587 | €112,275 | -€42,312 | -27.4% |
| Profit (loss) for the period | 9904 | €250,528 | €308,477 | +€57,949 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €250,528 | €308,477 | +€57,949 | +23.1% |
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 14 October 2026 via checked.be.