PIRE: what changed
Two fiscal 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.
PIRE
Largest movements
- Cash +€208,946
up €208,946 (+3626.9%), from €5,761 to €214,707
mainly Net result for the year (+€211,301) and Tax, wage and social debts (+€50,361)
- Profit (loss) carried forward +€115,846
no longer reported in 2024 (was -€115,846)
- Reserves +€95,455
up €95,455 (+1539.6%), from €6,200 to €101,655
of which Distributable reserves: +€95,455
- Tax, wage and social debts +€50,361
up €50,361 (+8393.4%), from €600 to €50,961
- Debts after one year -€50,000
no longer reported in 2024 (was €50,000)
- Other debts -€4,774
down €4,774 (-98.1%), from €4,865 to €91
- Gross operating margin +€250,171
up €250,171 (+1749.6%), from €14,299 to €264,470
- Taxes +€50,961
new in 2024: €50,961
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.
Cash bridge derived
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 | €7,819 | €214,707 | +€206,888 | +2646.0% |
| Fixed assets | 21/28 | €2,058 | - | -€2,058 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,058 | - | -€2,058 | |
| Land and buildings | 22 | €2,058 | - | -€2,058 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €5,761 | €214,707 | +€208,946 | +3626.9% |
| Cash at bank and in hand | 54/58 | €5,761 | €214,707 | +€208,946 | +3626.9% |
| Total equity and liabilities | 10/49 | €7,819 | €214,707 | +€206,888 | +2646.0% |
| Equity | 10/15 | -€47,646 | €163,655 | +€211,301 | |
| 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% |
| Reserves | 13 | €6,200 | €101,655 | +€95,455 | +1539.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | - | €95,455 | +€95,455 | |
| Profit (loss) carried forward | 14 | -€115,846 | - | +€115,846 | |
| Amounts payable | 17/49 | €55,465 | €51,051 | -€4,414 | -8.0% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €5,465 | €51,051 | +€45,586 | +834.1% |
| Taxes, remuneration and social security | 45 | €600 | €50,961 | +€50,361 | +8393.4% |
| Taxes | 450/3 | €600 | €50,961 | +€50,361 | +8393.4% |
| Other amounts payable | 47/48 | €4,865 | €91 | -€4,774 | -98.1% |
| Other operating charges | 640/8 | €2,015 | €2,208 | +€192 | +9.5% |
| Gross operating margin | 9900 | €14,299 | €264,470 | +€250,171 | +1749.6% |
| Operating profit (loss) | 9901 | €12,284 | €262,262 | +€249,978 | +2035.0% |
| Profit (loss) for the period before taxes | 9903 | €12,284 | €262,262 | +€249,978 | +2035.0% |
| Income taxes | 67/77 | - | €50,961 | +€50,961 | |
| Profit (loss) for the period | 9904 | €12,284 | €211,301 | +€199,018 | +1620.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,284 | €211,301 | +€199,018 | +1620.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.