PIR: 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.
PIR
Largest movements
- Tangible fixed assets +€18,814
up €18,814 (+493%), from €3,813 to €22,627
of which Other tangible fixed assets: +€16,466
- Cash -€12,580
down €12,580 (-13.6%), from €92,693 to €80,113
mainly Investment in fixed assets (net) (-€23,174) and Receivables within one year (-€10,965)
- Receivables within one year +€10,965
up €10,965 (+75.4%), from €14,549 to €25,514
- Trade debts +€14,877
up €14,877 (+612%), from €2,429 to €17,306
- Other debts +€9,482
up €9,482 (+911%), from €1,041 to €10,523
- Tax, wage and social debts -€8,353
down €8,353 (-37.1%), from €22,491 to €14,138
of which Remuneration and social security: -€6,438
- Staff costs +€32,778
up €32,778 (+52.6%), from €62,301 to €95,079
- Taxes -€23,797
down €23,797 (-98.5%), from €24,161 to €364
- Financial charges +€6,471
up €6,471 (+354%), from €1,827 to €8,297
- Gross operating margin +€4,083
up €4,083 (+3.8%), from €106,299 to €110,382
- Other operating charges -€1,131
down €1,131 (-52.5%), from €2,155 to €1,025
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 | €111,882 | €129,144 | +€17,262 | +15.4% |
| Fixed assets | 21/28 | €3,813 | €22,627 | +€18,814 | +493% |
| Tangible fixed assets | 22/27 | €3,813 | €22,627 | +€18,814 | +493% |
| Plant, machinery and equipment | 23 | €1,440 | €6,161 | +€4,721 | +328% |
| Furniture and vehicles | 24 | €2,373 | - | -€2,373 | |
| Other tangible fixed assets | 26 | - | €16,466 | +€16,466 | |
| Current assets | 29/58 | €108,069 | €106,517 | -€1,552 | -1.4% |
| Stocks and contracts in progress | 3 | €815 | €891 | +€75 | +9.2% |
| Stocks | 30/36 | €815 | €891 | +€75 | +9.2% |
| Amounts receivable within one year | 40/41 | €14,549 | €25,514 | +€10,965 | +75.4% |
| Trade receivables | 40 | €14,549 | €25,514 | +€10,965 | +75.4% |
| Cash at bank and in hand | 54/58 | €92,693 | €80,113 | -€12,580 | -13.6% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €111,882 | €129,144 | +€17,262 | +15.4% |
| Equity | 10/15 | €85,921 | €87,178 | +€1,257 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17 | €17 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17 | €17 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17 | €17 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,303 | €68,560 | +€1,257 | +1.9% |
| Amounts payable | 17/49 | €25,961 | €41,966 | +€16,005 | +61.7% |
| Amounts payable within one year | 42/48 | €25,961 | €41,966 | +€16,005 | +61.7% |
| Trade debts | 44 | €2,429 | €17,306 | +€14,877 | +612% |
| Suppliers | 440/4 | €2,429 | €17,306 | +€14,877 | +612% |
| Taxes, remuneration and social security | 45 | €22,491 | €14,138 | -€8,353 | -37.1% |
| Taxes | 450/3 | €11,966 | €10,051 | -€1,915 | -16.0% |
| Remuneration and social security | 454/9 | €10,524 | €4,086 | -€6,438 | -61.2% |
| Other amounts payable | 47/48 | €1,041 | €10,523 | +€9,482 | +911% |
| Remuneration, social security and pensions | 62 | €62,301 | €95,079 | +€32,778 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,531 | €4,360 | -€172 | -3.8% |
| Other operating charges | 640/8 | €2,155 | €1,025 | -€1,131 | -52.5% |
| Gross operating margin | 9900 | €106,299 | €110,382 | +€4,083 | +3.8% |
| Operating profit (loss) | 9901 | €37,311 | €9,918 | -€27,392 | -73.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +269% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +269% |
| Financial charges | 65/66B | €1,827 | €8,297 | +€6,471 | +354% |
| Recurring financial charges | 65 | €1,827 | €8,297 | +€6,471 | +354% |
| Profit (loss) for the period before taxes | 9903 | €35,484 | €1,622 | -€33,863 | -95.4% |
| Income taxes | 67/77 | €24,161 | €364 | -€23,797 | -98.5% |
| Profit (loss) for the period | 9904 | €11,324 | €1,257 | -€10,066 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €1,257 | -€10,066 | -88.9% |
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 16 October 2026 via checked.be.