PIRIC: 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.
PIRIC
Largest movements
- Cash +€64,256
up €64,256 (+120%), from €53,605 to €117,861
mainly Trade debts (+€56,412) and Tax, wage and social debts (+€36,399)
- Receivables within one year +€55,674
up €55,674 (+170%), from €32,665 to €88,339
of which Trade receivables: +€55,347
- Stocks and contracts -€14,023
down €14,023 (-61.6%), from €22,760 to €8,736
- Tangible fixed assets -€2,496
down €2,496 (-53.1%), from €4,699 to €2,203
of which Furniture and vehicles: -€1,739
- Trade debts +€56,412
up €56,412 (+157%), from €36,044 to €92,456
- Tax, wage and social debts +€36,399
up €36,399 (+120%), from €30,253 to €66,652
of which Taxes: +€31,170
- Profit (loss) carried forward +€9,472
up €9,472 (+96.9%), from €9,780 to €19,252
- Short-term financial debts +€6,854
new in 2025: €6,854
- Advances received -€4,463
down €4,463 (-69.0%), from €6,472 to €2,009
- Staff costs +€20,586
up €20,586 (+40.1%), from €51,399 to €71,985
- Financial charges -€3,123
down €3,123 (-36.5%), from €8,547 to €5,425
- Gross operating margin +€2,803
up €2,803 (+3.0%), from €92,502 to €95,305
- Taxes -€1,512
down €1,512 (-23.9%), from €6,319 to €4,806
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 | €115,006 | €218,614 | +€103,608 | +90.1% |
| Fixed assets | 21/28 | €4,699 | €2,203 | -€2,496 | -53.1% |
| Tangible fixed assets | 22/27 | €4,699 | €2,203 | -€2,496 | -53.1% |
| Plant, machinery and equipment | 23 | €1,159 | €402 | -€757 | -65.3% |
| Furniture and vehicles | 24 | €3,540 | €1,801 | -€1,739 | -49.1% |
| Current assets | 29/58 | €110,306 | €216,411 | +€106,104 | +96.2% |
| Stocks and contracts in progress | 3 | €22,760 | €8,736 | -€14,023 | -61.6% |
| Stocks | 30/36 | €22,760 | €8,736 | -€14,023 | -61.6% |
| Amounts receivable within one year | 40/41 | €32,665 | €88,339 | +€55,674 | +170% |
| Trade receivables | 40 | €31,525 | €86,872 | +€55,347 | +176% |
| Other amounts receivable | 41 | €1,141 | €1,467 | +€327 | +28.6% |
| Cash at bank and in hand | 54/58 | €53,605 | €117,861 | +€64,256 | +120% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,474 | +€197 | +15.4% |
| Total equity and liabilities | 10/49 | €115,006 | €218,614 | +€103,608 | +90.1% |
| Equity | 10/15 | €28,380 | €37,852 | +€9,472 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,780 | €19,252 | +€9,472 | +96.9% |
| Amounts payable | 17/49 | €86,626 | €180,762 | +€94,136 | +109% |
| Amounts payable within one year | 42/48 | €86,626 | €180,762 | +€94,136 | +109% |
| Financial debts | 43 | - | €6,854 | +€6,854 | |
| Credit institutions | 430/8 | - | €6,854 | +€6,854 | |
| Trade debts | 44 | €36,044 | €92,456 | +€56,412 | +157% |
| Suppliers | 440/4 | €36,044 | €92,456 | +€56,412 | +157% |
| Advances received on contracts in progress | 46 | €6,472 | €2,009 | -€4,463 | -69.0% |
| Taxes, remuneration and social security | 45 | €30,253 | €66,652 | +€36,399 | +120% |
| Taxes | 450/3 | €23,706 | €54,875 | +€31,170 | +131% |
| Remuneration and social security | 454/9 | €6,548 | €11,776 | +€5,229 | +79.9% |
| Other amounts payable | 47/48 | €13,857 | €12,790 | -€1,067 | -7.7% |
| Remuneration, social security and pensions | 62 | €51,399 | €71,985 | +€20,586 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,093 | €2,496 | -€597 | -19.3% |
| Other operating charges | 640/8 | €1,199 | €1,120 | -€79 | -6.6% |
| Non-recurring operating charges | 66A | €1,579 | - | -€1,579 | |
| Gross operating margin | 9900 | €92,502 | €95,305 | +€2,803 | +3.0% |
| Operating profit (loss) | 9901 | €35,230 | €19,703 | -€15,527 | -44.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.8% |
| Financial charges | 65/66B | €8,547 | €5,425 | -€3,123 | -36.5% |
| Recurring financial charges | 65 | €8,547 | €5,425 | -€3,123 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €26,683 | €14,279 | -€12,405 | -46.5% |
| Income taxes | 67/77 | €6,319 | €4,806 | -€1,512 | -23.9% |
| Profit (loss) for the period | 9904 | €20,365 | €9,472 | -€10,892 | -53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,365 | €9,472 | -€10,892 | -53.5% |
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 28 October 2026 via checked.be.