PIRCO CONSULTING: 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.
PIRCO CONSULTING
Largest movements
- Current investments +€48,500
up €48,500 (+55.1%), from €87,991 to €136,491
- Receivables within one year +€4,822
up €4,822 (+27.4%), from €17,582 to €22,404
of which Trade receivables: +€2,873
- Cash +€2,724
up €2,724 (+6.0%), from €45,396 to €48,120
mainly Other debts (+€129,262) and Net result for the year (+€58,155)
- Deferred charges and accrued income +€2,133
up €2,133, from €0 to €2,133
- Other debts +€129,262
up €129,262 (+85,922%), from €150 to €129,412
- Reserves -€71,257
down €71,257 (-51.3%), from €138,977 to €67,720
- Gross operating margin +€14,465
up €14,465 (+26.9%), from €53,751 to €68,216
- Financial income +€5,179
up €5,179 (+493%), from €1,051 to €6,229
- Taxes +€2,889
up €2,889 (+24.4%), from €11,833 to €14,722
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 | €154,812 | €212,214 | +€57,402 | +37.1% |
| Fixed assets | 21/28 | €3,843 | €3,065 | -€778 | -20.2% |
| Tangible fixed assets | 22/27 | €3,843 | €3,065 | -€778 | -20.2% |
| Plant, machinery and equipment | 23 | €1,383 | €889 | -€494 | -35.7% |
| Furniture and vehicles | 24 | €2,460 | €2,176 | -€284 | -11.5% |
| Current assets | 29/58 | €150,969 | €209,149 | +€58,180 | +38.5% |
| Amounts receivable within one year | 40/41 | €17,582 | €22,404 | +€4,822 | +27.4% |
| Trade receivables | 40 | €13,906 | €16,779 | +€2,873 | +20.7% |
| Other amounts receivable | 41 | €3,676 | €5,626 | +€1,949 | +53.0% |
| Current investments | 50/53 | €87,991 | €136,491 | +€48,500 | +55.1% |
| Cash at bank and in hand | 54/58 | €45,396 | €48,120 | +€2,724 | +6.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,133 | +€2,133 | |
| Total equity and liabilities | 10/49 | €154,812 | €212,214 | +€57,402 | +37.1% |
| Equity | 10/15 | €143,977 | €72,720 | -€71,257 | -49.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €138,977 | €67,720 | -€71,257 | -51.3% |
| Distributable reserves | 133 | €138,977 | €67,720 | -€71,257 | -51.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €10,835 | €139,495 | +€128,659 | +1,187% |
| Amounts payable within one year | 42/48 | €10,515 | €139,470 | +€128,954 | +1,226% |
| Trade debts | 44 | €3,145 | €2,109 | -€1,036 | -32.9% |
| Suppliers | 440/4 | €3,145 | €2,109 | -€1,036 | -32.9% |
| Taxes, remuneration and social security | 45 | €7,220 | €7,949 | +€729 | +10.1% |
| Taxes | 450/3 | €5,020 | €5,749 | +€729 | +14.5% |
| Remuneration and social security | 454/9 | €2,200 | €2,200 | = | 0.0% |
| Other amounts payable | 47/48 | €150 | €129,412 | +€129,262 | +85,922% |
| Accrued charges and deferred income | 492/3 | €320 | €25 | -€295 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €778 | +€0 | 0.0% |
| Other operating charges | 640/8 | €613 | €614 | +€0 | 0.0% |
| Gross operating margin | 9900 | €53,751 | €68,216 | +€14,465 | +26.9% |
| Operating profit (loss) | 9901 | €52,359 | €66,824 | +€14,465 | +27.6% |
| Financial income | 75/76B | €1,051 | €6,229 | +€5,179 | +493% |
| Recurring financial income | 75 | €1,051 | €6,229 | +€5,179 | +493% |
| Financial charges | 65/66B | €136 | €177 | +€40 | +29.6% |
| Recurring financial charges | 65 | €136 | €177 | +€40 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €53,273 | €72,876 | +€19,603 | +36.8% |
| Income taxes | 67/77 | €11,833 | €14,722 | +€2,889 | +24.4% |
| Profit (loss) for the period | 9904 | €41,441 | €58,155 | +€16,714 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,441 | €58,155 | +€16,714 | +40.3% |
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 30 October 2026 via checked.be.