PIREQ: 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.
PIREQ
Largest movements
- Tangible fixed assets -€18,151
down €18,151 (-5.4%), from €335,746 to €317,595
- Cash +€15,965
up €15,965 (+237.2%), from €6,731 to €22,697
mainly Depreciation (+€18,151) and Net result for the year (+€4,139)
- Debts after one year -€13,497
down €13,497 (-6.2%), from €217,361 to €203,863
of which Financial debts: -€13,497
- Profit (loss) carried forward +€4,139
up €4,139, from -€37 to €4,102
- Accrued charges and deferred income +€3,874
up €3,874 (+54.7%), from €7,087 to €10,961
- Gross operating margin +€7,601
up €7,601 (+29.4%), from €25,816 to €33,417
- Depreciation +€2,282
up €2,282 (+14.4%), from €15,869 to €18,151
- Taxes +€1,423
new in 2025: €1,423
- Financial charges -€433
down €433 (-5.2%), from €8,362 to €7,928
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 | €344,190 | €341,680 | -€2,509 | -0.7% |
| Fixed assets | 21/28 | €335,746 | €317,595 | -€18,151 | -5.4% |
| Tangible fixed assets | 22/27 | €335,746 | €317,595 | -€18,151 | -5.4% |
| Land and buildings | 22 | €335,746 | €317,595 | -€18,151 | -5.4% |
| Current assets | 29/58 | €8,443 | €24,085 | +€15,642 | +185.3% |
| Amounts receivable within one year | 40/41 | €726 | €363 | -€363 | -50.0% |
| Trade receivables | 40 | €726 | €363 | -€363 | -50.0% |
| Cash at bank and in hand | 54/58 | €6,731 | €22,697 | +€15,965 | +237.2% |
| Deferred charges and accrued income | 490/1 | €986 | €1,026 | +€40 | +4.0% |
| Total equity and liabilities | 10/49 | €344,190 | €341,680 | -€2,509 | -0.7% |
| Equity | 10/15 | €106,693 | €110,832 | +€4,139 | +3.9% |
| Contributions | 10/11 | €106,730 | €106,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37 | €4,102 | +€4,139 | |
| Amounts payable | 17/49 | €237,497 | €230,849 | -€6,648 | -2.8% |
| Amounts payable after more than one year | 17 | €217,361 | €203,863 | -€13,497 | -6.2% |
| Financial debts | 170/4 | €116,120 | €102,622 | -€13,497 | -11.6% |
| Other amounts payable | 178/9 | €101,241 | €101,241 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,049 | €16,025 | +€2,975 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €13,049 | €14,602 | +€1,552 | +11.9% |
| Taxes, remuneration and social security | 45 | - | €1,423 | +€1,423 | |
| Taxes | 450/3 | - | €1,423 | +€1,423 | |
| Accrued charges and deferred income | 492/3 | €7,087 | €10,961 | +€3,874 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,869 | €18,151 | +€2,282 | +14.4% |
| Other operating charges | 640/8 | €1,925 | €1,775 | -€150 | -7.8% |
| Gross operating margin | 9900 | €25,816 | €33,417 | +€7,601 | +29.4% |
| Operating profit (loss) | 9901 | €8,022 | €13,491 | +€5,469 | +68.2% |
| Financial charges | 65/66B | €8,362 | €7,928 | -€433 | -5.2% |
| Recurring financial charges | 65 | €8,362 | €7,928 | -€433 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€340 | €5,562 | +€5,902 | |
| Income taxes | 67/77 | - | €1,423 | +€1,423 | |
| Profit (loss) for the period | 9904 | -€340 | €4,139 | +€4,479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€340 | €4,139 | +€4,479 |
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 29 September 2026 via checked.be.