PIREBO: 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.
PIREBO
Largest movements
- Stocks and contracts +€364,579
up €364,579 (+88.2%), from €413,228 to €777,808
- Receivables within one year -€328,518
down €328,518 (-73.6%), from €446,460 to €117,942
of which Trade receivables: -€359,746
- Cash +€209,766
up €209,766 (+1120.5%), from €18,721 to €228,487
mainly Receivables within one year (+€328,518) and Advances received (+€297,691)
- Current investments +€130,000
new in 2025: €130,000
- Advances received +€297,691
up €297,691, from €0 to €297,691
- Other debts +€144,784
up €144,784 (+15.8%), from €915,761 to €1.1m
- Trade debts -€47,143
down €47,143 (-100.0%), from €47,143 to €0
- Profit (loss) carried forward -€36,601
down €36,601 (-41.0%), from -€89,341 to -€125,942
- Tax, wage and social debts +€22,145
up €22,145 (+30407.0%), from €73 to €22,218
- Gross operating margin +€11,522
up €11,522 (+47.0%), from -€24,513 to -€12,991
- Financial charges +€9,846
up €9,846 (+58.0%), from €16,974 to €26,820
- Financial income +€3,136
up €3,136 (+118.7%), from €2,642 to €5,777
- Other operating charges +€1,451
up €1,451 (+130.0%), from €1,116 to €2,567
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 | €878,636 | €1,259,512 | +€380,875 | +43.3% |
| Fixed assets | 21/28 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €878,636 | €1,254,512 | +€375,875 | +42.8% |
| Stocks and contracts in progress | 3 | €413,228 | €777,808 | +€364,579 | +88.2% |
| Stocks | 30/36 | €413,228 | €777,808 | +€364,579 | +88.2% |
| Amounts receivable within one year | 40/41 | €446,460 | €117,942 | -€328,518 | -73.6% |
| Trade receivables | 40 | €391,139 | €31,394 | -€359,746 | -92.0% |
| Other amounts receivable | 41 | €55,321 | €86,549 | +€31,228 | +56.4% |
| Current investments | 50/53 | - | €130,000 | +€130,000 | |
| Cash at bank and in hand | 54/58 | €18,721 | €228,487 | +€209,766 | +1120.5% |
| Deferred charges and accrued income | 490/1 | €227 | €275 | +€48 | +21.0% |
| Total equity and liabilities | 10/49 | €878,636 | €1,259,512 | +€380,875 | +43.3% |
| Equity | 10/15 | -€84,341 | -€120,942 | -€36,601 | -43.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,341 | -€125,942 | -€36,601 | -41.0% |
| Amounts payable | 17/49 | €962,977 | €1,380,454 | +€417,477 | +43.4% |
| Amounts payable within one year | 42/48 | €962,977 | €1,380,454 | +€417,477 | +43.4% |
| Trade debts | 44 | €47,143 | €0 | -€47,143 | -100.0% |
| Suppliers | 440/4 | €47,143 | €0 | -€47,143 | -100.0% |
| Advances received on contracts in progress | 46 | €0 | €297,691 | +€297,691 | |
| Taxes, remuneration and social security | 45 | €73 | €22,218 | +€22,145 | +30407.0% |
| Taxes | 450/3 | €73 | €22,218 | +€22,145 | +30407.0% |
| Other amounts payable | 47/48 | €915,761 | €1,060,545 | +€144,784 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,116 | €2,567 | +€1,451 | +130.0% |
| Gross operating margin | 9900 | -€24,513 | -€12,991 | +€11,522 | +47.0% |
| Operating profit (loss) | 9901 | -€25,629 | -€15,558 | +€10,071 | +39.3% |
| Financial income | 75/76B | €2,642 | €5,777 | +€3,136 | +118.7% |
| Recurring financial income | 75 | €2,642 | €5,777 | +€3,136 | +118.7% |
| Financial charges | 65/66B | €16,974 | €26,820 | +€9,846 | +58.0% |
| Recurring financial charges | 65 | €16,974 | €26,820 | +€9,846 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,962 | -€36,601 | +€3,361 | +8.4% |
| Profit (loss) for the period | 9904 | -€39,962 | -€36,601 | +€3,361 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,962 | -€36,601 | +€3,361 | +8.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.