PIRDEMAGRI: 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.
PIRDEMAGRI
Largest movements
- Cash -€22,764
down €22,764 (-78.0%), from €29,172 to €6,408
mainly Debts after one year (-€35,714) and Investment in fixed assets (net) (-€27,373)
- Tangible fixed assets -€19,293
down €19,293 (-7.7%), from €251,313 to €232,020
of which Plant, machinery and equipment: -€19,293
- Debts after one year -€35,714
down €35,714 (-40.8%), from €87,486 to €51,771
- Other debts -€9,000
down €9,000 (-20.3%), from €44,401 to €35,401
- Profit (loss) carried forward +€6,113
up €6,113 (+61.5%), from -€9,935 to -€3,822
- Current portion of long-term debt -€5,400
down €5,400 (-13.1%), from €41,114 to €35,714
- Gross operating margin -€8,203
down €8,203 (-12.0%), from €68,158 to €59,955
- Depreciation +€2,283
up €2,283 (+5.1%), from €44,382 to €46,665
- Financial income -€953
down €953 (-100.0%), from €953 to €0
- Financial charges -€711
down €711 (-23.2%), from €3,057 to €2,347
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 | €288,996 | €244,794 | -€44,202 | -15.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €251,313 | €232,020 | -€19,293 | -7.7% |
| Tangible fixed assets | 22/27 | €251,313 | €232,020 | -€19,293 | -7.7% |
| Plant, machinery and equipment | 23 | €251,313 | €232,020 | -€19,293 | -7.7% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €37,683 | €12,774 | -€24,909 | -66.1% |
| Stocks and contracts in progress | 3 | €2,884 | €2,888 | +€4 | +0.1% |
| Stocks | 30/36 | €2,884 | €2,888 | +€4 | +0.1% |
| Amounts receivable within one year | 40/41 | €5,264 | €3,478 | -€1,785 | -33.9% |
| Trade receivables | 40 | €5,263 | €3,478 | -€1,785 | -33.9% |
| Other amounts receivable | 41 | €0 | - | -€0 | |
| Cash at bank and in hand | 54/58 | €29,172 | €6,408 | -€22,764 | -78.0% |
| Deferred charges and accrued income | 490/1 | €363 | - | -€363 | |
| Total equity and liabilities | 10/49 | €288,996 | €244,794 | -€44,202 | -15.3% |
| Equity | 10/15 | €109,305 | €115,418 | +€6,113 | +5.6% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €106,845 | €106,845 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,985 | €104,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,935 | -€3,822 | +€6,113 | +61.5% |
| Amounts payable | 17/49 | €179,691 | €129,376 | -€50,314 | -28.0% |
| Amounts payable after more than one year | 17 | €87,486 | €51,771 | -€35,714 | -40.8% |
| Financial debts | 170/4 | €87,486 | €51,771 | -€35,714 | -40.8% |
| Amounts payable within one year | 42/48 | €92,205 | €77,605 | -€14,600 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €41,114 | €35,714 | -€5,400 | -13.1% |
| Trade debts | 44 | €1,697 | €1,648 | -€49 | -2.9% |
| Suppliers | 440/4 | €1,697 | €1,648 | -€49 | -2.9% |
| Taxes, remuneration and social security | 45 | €4,993 | €4,842 | -€151 | -3.0% |
| Taxes | 450/3 | €493 | €342 | -€151 | -30.6% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €44,401 | €35,401 | -€9,000 | -20.3% |
| Non-recurring operating income | 76A | - | €177 | +€177 | |
| Remuneration, social security and pensions | 62 | €4,500 | €4,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,382 | €46,665 | +€2,283 | +5.1% |
| Other operating charges | 640/8 | €387 | €331 | -€56 | -14.5% |
| Gross operating margin | 9900 | €68,158 | €59,955 | -€8,203 | -12.0% |
| Operating profit (loss) | 9901 | €18,889 | €8,459 | -€10,430 | -55.2% |
| Financial income | 75/76B | €953 | €0 | -€953 | -100.0% |
| Recurring financial income | 75 | €953 | €0 | -€953 | -100.0% |
| Financial charges | 65/66B | €3,057 | €2,347 | -€711 | -23.2% |
| Recurring financial charges | 65 | €3,057 | €2,347 | -€711 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €16,785 | €6,113 | -€10,672 | -63.6% |
| Profit (loss) for the period | 9904 | €16,785 | €6,113 | -€10,672 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,785 | €6,113 | -€10,672 | -63.6% |
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 14 October 2026 via checked.be.