PIREMA: 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.
PIREMA
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€21,628
down €21,628 (-17.6%), from €122,684 to €101,056
mainly Current investments (-€40,000) and Stocks and contracts (-€12,038)
- Stocks and contracts +€12,038
up €12,038 (+33.4%), from €36,091 to €48,129
- Tangible fixed assets -€6,887
down €6,887 (-27.1%), from €25,407 to €18,520
of which Plant, machinery and equipment: -€5,980
- Reserves +€14,301
up €14,301 (+19.3%), from €73,993 to €88,295
of which Distributable reserves: +€14,301
- Trade debts +€5,219
up €5,219 (+68.1%), from €7,665 to €12,884
- Other debts +€2,731
up €2,731 (+4.1%), from €66,764 to €69,495
- Tax, wage and social debts +€2,580
up €2,580 (+33.5%), from €7,705 to €10,286
of which Remuneration and social security: +€2,265
- Gross operating margin +€27,670
up €27,670 (+38.6%), from €71,747 to €99,417
- Staff costs +€7,943
up €7,943 (+14.5%), from €54,679 to €62,621
- Financial charges +€6,735
up €6,735 (+7593.2%), from €89 to €6,824
- Taxes +€5,758
up €5,758 (+2410.0%), from €239 to €5,997
- Other operating charges -€2,421
down €2,421 (-41.5%), from €5,832 to €3,411
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 | €201,569 | €225,145 | +€23,576 | +11.7% |
| Fixed assets | 21/28 | €25,407 | €18,520 | -€6,887 | -27.1% |
| Tangible fixed assets | 22/27 | €25,407 | €18,520 | -€6,887 | -27.1% |
| Land and buildings | 22 | €7,703 | €6,796 | -€907 | -11.8% |
| Plant, machinery and equipment | 23 | €17,704 | €11,724 | -€5,980 | -33.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €176,162 | €206,626 | +€30,463 | +17.3% |
| Stocks and contracts in progress | 3 | €36,091 | €48,129 | +€12,038 | +33.4% |
| Stocks | 30/36 | €36,091 | €48,129 | +€12,038 | +33.4% |
| Amounts receivable within one year | 40/41 | €13,021 | €11,281 | -€1,739 | -13.4% |
| Trade receivables | 40 | €9,324 | €8,551 | -€773 | -8.3% |
| Other amounts receivable | 41 | €3,697 | €2,730 | -€966 | -26.1% |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €122,684 | €101,056 | -€21,628 | -17.6% |
| Deferred charges and accrued income | 490/1 | €4,367 | €6,160 | +€1,793 | +41.1% |
| Total equity and liabilities | 10/49 | €201,569 | €225,145 | +€23,576 | +11.7% |
| Equity | 10/15 | €111,968 | €126,270 | +€14,301 | +12.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,993 | €88,295 | +€14,301 | +19.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €73,993 | €88,295 | +€14,301 | +19.3% |
| Profit (loss) carried forward | 14 | €17,975 | €17,975 | = | 0.0% |
| Amounts payable | 17/49 | €89,601 | €98,876 | +€9,275 | +10.4% |
| Amounts payable within one year | 42/48 | €82,134 | €92,665 | +€10,530 | +12.8% |
| Trade debts | 44 | €7,665 | €12,884 | +€5,219 | +68.1% |
| Suppliers | 440/4 | €7,665 | €12,884 | +€5,219 | +68.1% |
| Taxes, remuneration and social security | 45 | €7,705 | €10,286 | +€2,580 | +33.5% |
| Taxes | 450/3 | €402 | €716 | +€315 | +78.4% |
| Remuneration and social security | 454/9 | €7,304 | €9,569 | +€2,265 | +31.0% |
| Other amounts payable | 47/48 | €66,764 | €69,495 | +€2,731 | +4.1% |
| Accrued charges and deferred income | 492/3 | €7,467 | €6,211 | -€1,255 | -16.8% |
| Non-recurring operating income | 76A | €8,166 | €0 | -€8,166 | -100.0% |
| Remuneration, social security and pensions | 62 | €54,679 | €62,621 | +€7,943 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,207 | €6,887 | -€2,319 | -25.2% |
| Other operating charges | 640/8 | €5,832 | €3,411 | -€2,421 | -41.5% |
| Gross operating margin | 9900 | €71,747 | €99,417 | +€27,670 | +38.6% |
| Operating profit (loss) | 9901 | €2,030 | €26,498 | +€24,468 | +1205.5% |
| Financial income | 75/76B | €370 | €624 | +€255 | +68.8% |
| Recurring financial income | 75 | €370 | €624 | +€255 | +68.8% |
| Financial charges | 65/66B | €89 | €6,824 | +€6,735 | +7593.2% |
| Recurring financial charges | 65 | €89 | €6,824 | +€6,735 | +7593.2% |
| Profit (loss) for the period before taxes | 9903 | €2,311 | €20,299 | +€17,988 | +778.3% |
| Income taxes | 67/77 | €239 | €5,997 | +€5,758 | +2410.0% |
| Profit (loss) for the period | 9904 | €2,072 | €14,301 | +€12,229 | +590.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,072 | €14,301 | +€12,229 | +590.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.