Pirate PR: 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.
Pirate PR
Largest movements
- Receivables within one year -€7,366
down €7,366 (-18.6%), from €39,702 to €32,336
of which Trade receivables: -€7,588
- Deferred charges and accrued income +€1,616
up €1,616 (+193%), from €838 to €2,454
- Tangible fixed assets -€675
down €675 (-80.4%), from €839 to €164
- Cash -€592
down €592 (-9.7%), from €6,074 to €5,482
mainly Other debts (-€31,828) and Deferred charges and accrued income (-€1,616)
- Other debts -€31,828
down €31,828 (-49.5%), from €64,242 to €32,413
- Profit (loss) carried forward +€21,403
up €21,403 (+20.5%), from -€104,184 to -€82,781
- Trade debts +€3,915
up €3,915 (+29.4%), from €13,312 to €17,227
- Tax, wage and social debts -€532
down €532 (-4.4%), from €12,083 to €11,551
of which Taxes: -€704
- Turnover +€30,675
up €30,675 (+18.5%), from €166,085 to €196,760
- Purchases and services +€24,827
up €24,827 (+36.7%), from €67,635 to €92,462
- Gross operating margin +€9,115
up €9,115 (+9.6%), from €95,182 to €104,297
- Staff costs +€2,064
up €2,064 (+2.8%), from €73,346 to €75,410
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 | €47,453 | €40,436 | -€7,017 | -14.8% |
| Fixed assets | 21/28 | €839 | €164 | -€675 | -80.4% |
| Tangible fixed assets | 22/27 | €839 | €164 | -€675 | -80.4% |
| Plant, machinery and equipment | 23 | €839 | €164 | -€675 | -80.4% |
| Current assets | 29/58 | €46,614 | €40,271 | -€6,343 | -13.6% |
| Amounts receivable within one year | 40/41 | €39,702 | €32,336 | -€7,366 | -18.6% |
| Trade receivables | 40 | €39,702 | €32,114 | -€7,588 | -19.1% |
| Other amounts receivable | 41 | - | €221 | +€221 | |
| Cash at bank and in hand | 54/58 | €6,074 | €5,482 | -€592 | -9.7% |
| Deferred charges and accrued income | 490/1 | €838 | €2,454 | +€1,616 | +193% |
| Total equity and liabilities | 10/49 | €47,453 | €40,436 | -€7,017 | -14.8% |
| Equity | 10/15 | -€42,184 | -€20,781 | +€21,403 | +50.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,184 | -€82,781 | +€21,403 | +20.5% |
| Provisions and deferred taxes | 16 | - | €25 | +€25 | |
| Provisions for liabilities and charges | 160/5 | - | €25 | +€25 | |
| Pensions and similar obligations | 160 | - | €25 | +€25 | |
| Amounts payable | 17/49 | €89,637 | €61,191 | -€28,445 | -31.7% |
| Amounts payable within one year | 42/48 | €89,637 | €61,191 | -€28,445 | -31.7% |
| Trade debts | 44 | €13,312 | €17,227 | +€3,915 | +29.4% |
| Suppliers | 440/4 | €13,312 | €17,227 | +€3,915 | +29.4% |
| Taxes, remuneration and social security | 45 | €12,083 | €11,551 | -€532 | -4.4% |
| Taxes | 450/3 | €3,473 | €2,769 | -€704 | -20.3% |
| Remuneration and social security | 454/9 | €8,610 | €8,783 | +€173 | +2.0% |
| Other amounts payable | 47/48 | €64,242 | €32,413 | -€31,828 | -49.5% |
| Turnover | 70 | €166,085 | €196,760 | +€30,675 | +18.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,635 | €92,462 | +€24,827 | +36.7% |
| Remuneration, social security and pensions | 62 | €73,346 | €75,410 | +€2,064 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €675 | -€198 | -22.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€982 | €25 | +€1,007 | |
| Other operating charges | 640/8 | €867 | €852 | -€15 | -1.8% |
| Gross operating margin | 9900 | €95,182 | €104,297 | +€9,115 | +9.6% |
| Operating profit (loss) | 9901 | €21,078 | €27,336 | +€6,258 | +29.7% |
| Financial income | 75/76B | €19 | €79 | +€60 | +316% |
| Recurring financial income | 75 | €19 | €79 | +€60 | +316% |
| Financial charges | 65/66B | €6,441 | €5,756 | -€685 | -10.6% |
| Recurring financial charges | 65 | €6,441 | €5,756 | -€685 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €14,655 | €21,658 | +€7,003 | +47.8% |
| Income taxes | 67/77 | €261 | €255 | -€6 | -2.3% |
| Profit (loss) for the period | 9904 | €14,394 | €21,403 | +€7,009 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,394 | €21,403 | +€7,009 | +48.7% |
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 17 October 2026 via checked.be.