PIREO: 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.
PIREO
Largest movements
- Cash +€38,994
up €38,994 (+853.7%), from €4,567 to €43,561
mainly Net result for the year (+€23,099) and Receivables within one year (+€11,204)
- Receivables within one year -€11,204
down €11,204 (-86.1%), from €13,013 to €1,809
- Profit (loss) carried forward +€23,099
up €23,099 (+284.2%), from €8,128 to €31,228
- Tax, wage and social debts +€3,851
up €3,851 (+65.5%), from €5,883 to €9,734
- Other debts +€944
up €944 (+203.3%), from €464 to €1,408
- Gross operating margin +€19,984
up €19,984 (+183.5%), from €10,891 to €30,875
- Taxes +€4,995
up €4,995 (+184.4%), from €2,709 to €7,705
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 | €17,581 | €45,370 | +€27,789 | +158.1% |
| Current assets | 29/58 | €17,581 | €45,370 | +€27,789 | +158.1% |
| Amounts receivable within one year | 40/41 | €13,013 | €1,809 | -€11,204 | -86.1% |
| Trade receivables | 40 | €13,013 | €1,809 | -€11,204 | -86.1% |
| Cash at bank and in hand | 54/58 | €4,567 | €43,561 | +€38,994 | +853.7% |
| Total equity and liabilities | 10/49 | €17,581 | €45,370 | +€27,789 | +158.1% |
| Equity | 10/15 | €11,128 | €34,228 | +€23,099 | +207.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,128 | €31,228 | +€23,099 | +284.2% |
| Amounts payable | 17/49 | €6,452 | €11,142 | +€4,690 | +72.7% |
| Amounts payable within one year | 42/48 | €6,452 | €11,142 | +€4,690 | +72.7% |
| Trade debts | 44 | €106 | - | -€106 | |
| Suppliers | 440/4 | €106 | - | -€106 | |
| Taxes, remuneration and social security | 45 | €5,883 | €9,734 | +€3,851 | +65.5% |
| Taxes | 450/3 | €5,883 | €9,734 | +€3,851 | +65.5% |
| Other amounts payable | 47/48 | €464 | €1,408 | +€944 | +203.3% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €10,891 | €30,875 | +€19,984 | +183.5% |
| Operating profit (loss) | 9901 | €10,841 | €30,875 | +€20,034 | +184.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3 | €70 | +€68 | +2321.3% |
| Recurring financial charges | 65 | €3 | €70 | +€68 | +2321.3% |
| Profit (loss) for the period before taxes | 9903 | €10,838 | €30,804 | +€19,966 | +184.2% |
| Income taxes | 67/77 | €2,709 | €7,705 | +€4,995 | +184.4% |
| Profit (loss) for the period | 9904 | €8,128 | €23,099 | +€14,971 | +184.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,128 | €23,099 | +€14,971 | +184.2% |
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 5 October 2026 via checked.be.