PIRELIEN: 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.
PIRELIEN
Largest movements
- Current investments -€35,180
down €35,180 (-100.0%), from €35,180 to €0
- Tangible fixed assets -€25,248
down €25,248 (-5.0%), from €501,786 to €476,537
of which Land and buildings: -€16,438
- Receivables within one year +€16,822
up €16,822 (+1150.4%), from €1,462 to €18,284
of which Trade receivables: +€18,284
- Cash +€9,962
up €9,962 (+40.8%), from €24,440 to €34,402
mainly Net result for the year (+€61,114) and Current investments (+€35,180)
- Debts after one year -€97,396
down €97,396 (-73.3%), from €132,869 to €35,473
- Reserves +€61,114
up €61,114 (+15.4%), from €396,963 to €458,077
- Depreciation -€6,902
down €6,902 (-28.3%), from €24,362 to €17,460
- Gross operating margin +€3,447
up €3,447 (+3.1%), from €111,920 to €115,367
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 | €562,868 | €529,921 | -€32,947 | -5.9% |
| Fixed assets | 21/28 | €501,786 | €476,537 | -€25,248 | -5.0% |
| Tangible fixed assets | 22/27 | €501,786 | €476,537 | -€25,248 | -5.0% |
| Land and buildings | 22 | €490,035 | €473,597 | -€16,438 | -3.4% |
| Plant, machinery and equipment | 23 | €3,014 | €2,410 | -€604 | -20.0% |
| Furniture and vehicles | 24 | €8,737 | €531 | -€8,207 | -93.9% |
| Current assets | 29/58 | €61,082 | €53,384 | -€7,698 | -12.6% |
| Amounts receivable within one year | 40/41 | €1,462 | €18,284 | +€16,822 | +1150.4% |
| Trade receivables | 40 | €0 | €18,284 | +€18,284 | |
| Other amounts receivable | 41 | €1,462 | €0 | -€1,462 | -100.0% |
| Current investments | 50/53 | €35,180 | €0 | -€35,180 | -100.0% |
| Cash at bank and in hand | 54/58 | €24,440 | €34,402 | +€9,962 | +40.8% |
| Deferred charges and accrued income | 490/1 | - | €697 | +€697 | |
| Total equity and liabilities | 10/49 | €562,868 | €529,921 | -€32,947 | -5.9% |
| Equity | 10/15 | €415,563 | €476,677 | +€61,114 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,963 | €458,077 | +€61,114 | +15.4% |
| Distributable reserves | 133 | €396,963 | €458,077 | +€61,114 | +15.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,305 | €53,244 | -€94,061 | -63.9% |
| Amounts payable after more than one year | 17 | €132,869 | €35,473 | -€97,396 | -73.3% |
| Other amounts payable | 178/9 | €132,869 | €35,473 | -€97,396 | -73.3% |
| Amounts payable within one year | 42/48 | €12,786 | €16,120 | +€3,335 | +26.1% |
| Trade debts | 44 | €415 | €716 | +€302 | +72.7% |
| Suppliers | 440/4 | €415 | €716 | +€302 | +72.7% |
| Taxes, remuneration and social security | 45 | €12,371 | €15,404 | +€3,033 | +24.5% |
| Taxes | 450/3 | €12,371 | €15,404 | +€3,033 | +24.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,650 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,411 | +€10,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,362 | €17,460 | -€6,902 | -28.3% |
| Other operating charges | 640/8 | €3,471 | €3,261 | -€211 | -6.1% |
| Gross operating margin | 9900 | €111,920 | €115,367 | +€3,447 | +3.1% |
| Operating profit (loss) | 9901 | €84,087 | €94,647 | +€10,560 | +12.6% |
| Financial income | 75/76B | €232 | €176 | -€56 | -24.0% |
| Recurring financial income | 75 | €232 | €176 | -€56 | -24.0% |
| Financial charges | 65/66B | €6,144 | €6,407 | +€263 | +4.3% |
| Recurring financial charges | 65 | €6,144 | €6,407 | +€263 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €78,176 | €88,417 | +€10,241 | +13.1% |
| Income taxes | 67/77 | €26,478 | €27,303 | +€825 | +3.1% |
| Profit (loss) for the period | 9904 | €51,698 | €61,114 | +€9,416 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,698 | €61,114 | +€9,416 | +18.2% |
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 28 September 2026 via checked.be.