PIRATE DOG: what changed
PIRATE DOG
Largest movements
- Cash -€2,832
down €2,832 (-45.1%), from €6,279 to €3,447
mainly Tax, wage and social debts (-€1,910) and Investment in fixed assets (net) (-€1,233)
- Stocks and contracts -€1,291
down €1,291 (-8.9%), from €14,527 to €13,236
- Intangible fixed assets -€1,041
down €1,041 (-21.1%), from €4,942 to €3,900
- Tangible fixed assets +€625
up €625 (+81.4%), from €768 to €1,393
- Receivables within one year -€326
down €326 (-18.6%), from €1,752 to €1,426
of which Trade receivables: -€799
- Tax, wage and social debts -€1,910
down €1,910 (-100%), from €1,910 to €0
- Trade debts -€1,080
down €1,080 (-64.3%), from €1,678 to €599
- Other debts -€1,065
down €1,065 (-4.6%), from €23,290 to €22,225
- Profit (loss) carried forward -€1,016
down €1,016 (-6.0%), from -€16,999 to -€18,014
- Advances received +€350
new in 2025: €350
- Gross operating margin -€3,807
down €3,807 (-77.9%), from €4,889 to €1,082
- Taxes -€1,213
down €1,213 (-100%), from €1,213 to €0
- Depreciation +€1,058
up €1,058 (+179%), from €592 to €1,650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,489 | €23,759 | -€4,730 | -16.6% |
| Fixed assets | 21/28 | €5,710 | €5,293 | -€416 | -7.3% |
| Intangible fixed assets | 21 | €4,942 | €3,900 | -€1,041 | -21.1% |
| Tangible fixed assets | 22/27 | €768 | €1,393 | +€625 | +81.4% |
| Furniture and vehicles | 24 | €768 | €1,393 | +€625 | +81.4% |
| Current assets | 29/58 | €22,780 | €18,466 | -€4,314 | -18.9% |
| Stocks and contracts in progress | 3 | €14,527 | €13,236 | -€1,291 | -8.9% |
| Stocks | 30/36 | €14,527 | €13,236 | -€1,291 | -8.9% |
| Amounts receivable within one year | 40/41 | €1,752 | €1,426 | -€326 | -18.6% |
| Trade receivables | 40 | €1,752 | €953 | -€799 | -45.6% |
| Other amounts receivable | 41 | €0 | €473 | +€473 | |
| Cash at bank and in hand | 54/58 | €6,279 | €3,447 | -€2,832 | -45.1% |
| Deferred charges and accrued income | 490/1 | €221 | €356 | +€135 | +61.0% |
| Total equity and liabilities | 10/49 | €28,489 | €23,759 | -€4,730 | -16.6% |
| Equity | 10/15 | €1,601 | €586 | -€1,016 | -63.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,999 | -€18,014 | -€1,016 | -6.0% |
| Amounts payable | 17/49 | €26,888 | €23,174 | -€3,714 | -13.8% |
| Amounts payable within one year | 42/48 | €26,878 | €23,174 | -€3,705 | -13.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,678 | €599 | -€1,080 | -64.3% |
| Suppliers | 440/4 | €1,678 | €599 | -€1,080 | -64.3% |
| Advances received on contracts in progress | 46 | - | €350 | +€350 | |
| Taxes, remuneration and social security | 45 | €1,910 | €0 | -€1,910 | -100% |
| Taxes | 450/3 | €1,910 | €0 | -€1,910 | -100% |
| Other amounts payable | 47/48 | €23,290 | €22,225 | -€1,065 | -4.6% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | €1,650 | +€1,058 | +179% |
| Other operating charges | 640/8 | €387 | €412 | +€25 | +6.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €4,889 | €1,082 | -€3,807 | -77.9% |
| Operating profit (loss) | 9901 | €3,910 | -€980 | -€4,890 | |
| Financial income | 75/76B | €0 | €20 | +€20 | |
| Recurring financial income | 75 | €0 | €20 | +€20 | |
| Financial charges | 65/66B | €90 | €56 | -€34 | -37.5% |
| Recurring financial charges | 65 | €90 | €56 | -€34 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €3,820 | -€1,016 | -€4,836 | |
| Income taxes | 67/77 | €1,213 | €0 | -€1,213 | -100% |
| Profit (loss) for the period | 9904 | €2,607 | -€1,016 | -€3,623 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,607 | -€1,016 | -€3,623 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.