PIREA: 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.
PIREA
Largest movements
- Receivables within one year -€13,451
down €13,451 (-99.1%), from €13,578 to €127
of which Trade receivables: -€7,869
- Cash +€2,403
up €2,403 (+2359.4%), from €102 to €2,505
mainly Receivables within one year (+€13,451) and Other debts (+€2,290)
- Profit (loss) carried forward -€12,192
down €12,192 (-51.7%), from -€23,601 to -€35,793
- Other debts +€2,290
up €2,290 (+6.9%), from €33,232 to €35,522
- Trade debts -€1,465
down €1,465 (-73.9%), from €1,982 to €517
- Tax, wage and social debts +€187
up €187 (+95.5%), from €196 to €384
- Other operating charges +€7,048
up €7,048 (+1102.3%), from €639 to €7,687
- Gross operating margin +€6,524
up €6,524 (+62.0%), from -€10,529 to -€4,006
- Taxes -€178
down €178 (-85.4%), from €208 to €30
- Financial charges +€127
up €127 (+52.8%), from €241 to €369
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.
Cash bridge derived
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 | €14,309 | €3,129 | -€11,180 | -78.1% |
| Fixed assets | 21/28 | €463 | €363 | -€100 | -21.6% |
| Tangible fixed assets | 22/27 | €100 | - | -€100 | |
| Furniture and vehicles | 24 | €100 | - | -€100 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €13,846 | €2,766 | -€11,080 | -80.0% |
| Amounts receivable within one year | 40/41 | €13,578 | €127 | -€13,451 | -99.1% |
| Trade receivables | 40 | €7,869 | - | -€7,869 | |
| Other amounts receivable | 41 | €5,710 | €127 | -€5,582 | -97.8% |
| Cash at bank and in hand | 54/58 | €102 | €2,505 | +€2,403 | +2359.4% |
| Deferred charges and accrued income | 490/1 | €166 | €133 | -€33 | -19.6% |
| Total equity and liabilities | 10/49 | €14,309 | €3,129 | -€11,180 | -78.1% |
| Equity | 10/15 | -€21,101 | -€33,293 | -€12,192 | -57.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,601 | -€35,793 | -€12,192 | -51.7% |
| Amounts payable | 17/49 | €35,410 | €36,422 | +€1,012 | +2.9% |
| Amounts payable within one year | 42/48 | €35,410 | €36,422 | +€1,012 | +2.9% |
| Trade debts | 44 | €1,982 | €517 | -€1,465 | -73.9% |
| Suppliers | 440/4 | €1,982 | €517 | -€1,465 | -73.9% |
| Taxes, remuneration and social security | 45 | €196 | €384 | +€187 | +95.5% |
| Taxes | 450/3 | €196 | €384 | +€187 | +95.5% |
| Other amounts payable | 47/48 | €33,232 | €35,522 | +€2,290 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141 | €100 | -€41 | -29.1% |
| Other operating charges | 640/8 | €639 | €7,687 | +€7,048 | +1102.3% |
| Gross operating margin | 9900 | -€10,529 | -€4,006 | +€6,524 | +62.0% |
| Operating profit (loss) | 9901 | -€11,310 | -€11,793 | -€483 | -4.3% |
| Financial charges | 65/66B | €241 | €369 | +€127 | +52.8% |
| Recurring financial charges | 65 | €241 | €369 | +€127 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,551 | -€12,162 | -€611 | -5.3% |
| Income taxes | 67/77 | €208 | €30 | -€178 | -85.4% |
| Profit (loss) for the period | 9904 | -€11,759 | -€12,192 | -€433 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,759 | -€12,192 | -€433 | -3.7% |
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 10 October 2026 via checked.be.