PIRES CABRAL: what changed
Two financial 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.
PIRES CABRAL
Largest movements
- Tangible fixed assets -€25,192
down €25,192 (-47.6%), from €52,894 to €27,701
of which Furniture and vehicles: -€17,903
- Receivables within one year +€24,094
up €24,094 (+29.1%), from €82,842 to €106,936
of which Other amounts receivable: +€17,945
- Receivables after one year -€19,475
no longer reported in 2025 (was €19,475)
- Cash -€11,513
down €11,513 (-86.9%), from €13,256 to €1,743
mainly Trade debts (-€43,795) and Contributions, distributions and other (-€32,588)
- Trade debts -€43,795
down €43,795 (-81.0%), from €54,062 to €10,267
- Other debts +€31,444
up €31,444 (+2,750%), from €1,144 to €32,588
- Profit (loss) carried forward -€23,119
down €23,119 (-57.7%), from €40,040 to €16,921
- Tax, wage and social debts +€8,775
up €8,775 (+15.8%), from €55,657 to €64,433
of which Taxes: +€7,460
- Debts after one year -€3,953
down €3,953 (-26.9%), from €14,696 to €10,743
- Other operating charges +€16,095
up €16,095 (+1,916%), from €840 to €16,935
- Depreciation +€5,244
up €5,244 (+121%), from €4,317 to €9,561
- Gross operating margin +€3,292
up €3,292 (+7.6%), from €43,359 to €46,651
- Staff costs +€1,656
new in 2025: €1,656
- Taxes -€1,217
down €1,217 (-12.1%), from €10,100 to €8,882
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.
Derived cash bridge
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 | €170,290 | €139,903 | -€30,387 | -17.8% |
| Fixed assets | 21/28 | €53,305 | €28,425 | -€24,881 | -46.7% |
| Tangible fixed assets | 22/27 | €52,894 | €27,701 | -€25,192 | -47.6% |
| Plant, machinery and equipment | 23 | €2,121 | €1,568 | -€554 | -26.1% |
| Furniture and vehicles | 24 | €20,498 | €2,595 | -€17,903 | -87.3% |
| Leasing and similar rights | 25 | €30,274 | €23,539 | -€6,736 | -22.2% |
| Financial fixed assets | 28 | €412 | €724 | +€312 | +75.7% |
| Current assets | 29/58 | €116,985 | €111,478 | -€5,507 | -4.7% |
| Amounts receivable after more than one year | 29 | €19,475 | - | -€19,475 | |
| Other amounts receivable | 291 | €19,475 | - | -€19,475 | |
| Amounts receivable within one year | 40/41 | €82,842 | €106,936 | +€24,094 | +29.1% |
| Trade receivables | 40 | €70,203 | €76,352 | +€6,149 | +8.8% |
| Other amounts receivable | 41 | €12,639 | €30,584 | +€17,945 | +142% |
| Cash at bank and in hand | 54/58 | €13,256 | €1,743 | -€11,513 | -86.9% |
| Deferred charges and accrued income | 490/1 | €1,411 | €2,799 | +€1,388 | +98.4% |
| Total equity and liabilities | 10/49 | €170,290 | €139,903 | -€30,387 | -17.8% |
| Equity | 10/15 | €41,040 | €17,921 | -€23,119 | -56.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,040 | €16,921 | -€23,119 | -57.7% |
| Amounts payable | 17/49 | €129,251 | €121,982 | -€7,268 | -5.6% |
| Amounts payable after more than one year | 17 | €14,696 | €10,743 | -€3,953 | -26.9% |
| Financial debts | 170/4 | €14,696 | €10,743 | -€3,953 | -26.9% |
| Amounts payable within one year | 42/48 | €114,555 | €111,240 | -€3,315 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €3,693 | €3,953 | +€260 | +7.1% |
| Trade debts | 44 | €54,062 | €10,267 | -€43,795 | -81.0% |
| Suppliers | 440/4 | €54,062 | €10,267 | -€43,795 | -81.0% |
| Taxes, remuneration and social security | 45 | €55,657 | €64,433 | +€8,775 | +15.8% |
| Taxes | 450/3 | €54,866 | €62,326 | +€7,460 | +13.6% |
| Remuneration and social security | 454/9 | €791 | €2,106 | +€1,315 | +166% |
| Other amounts payable | 47/48 | €1,144 | €32,588 | +€31,444 | +2,750% |
| Remuneration, social security and pensions | 62 | - | €1,656 | +€1,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,317 | €9,561 | +€5,244 | +121% |
| Other operating charges | 640/8 | €840 | €16,935 | +€16,095 | +1,916% |
| Gross operating margin | 9900 | €43,359 | €46,651 | +€3,292 | +7.6% |
| Operating profit (loss) | 9901 | €38,202 | €18,499 | -€19,703 | -51.6% |
| Financial income | 75/76B | €539 | €1,477 | +€938 | +174% |
| Recurring financial income | 75 | €539 | €1,477 | +€938 | +174% |
| Financial charges | 65/66B | €1,118 | €1,624 | +€506 | +45.2% |
| Recurring financial charges | 65 | €1,118 | €1,624 | +€506 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €37,623 | €18,351 | -€19,271 | -51.2% |
| Income taxes | 67/77 | €10,100 | €8,882 | -€1,217 | -12.1% |
| Profit (loss) for the period | 9904 | €27,523 | €9,469 | -€18,054 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,523 | €9,469 | -€18,054 | -65.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.