PIRITEX: 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.
What changed
PIRITEX
NACE 47.120, Other non-specialised retail sale
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€424,477
2023 · €657,217-€232,739
Equity
€4.2m
2023 · €3.8m+€424,477
Cash
€235,131
2023 · €97,986+€137,145
Balance sheet total
€8.5m
2023 · €6.5m+€2.1m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+127.1%), from €1.3m to €3.0m
of which Other amounts receivable: +€1.1m
- Stocks and contracts +€325,359
up €325,359 (+8.0%), from €4.1m to €4.4m
- Cash +€137,145
up €137,145 (+140.0%), from €97,986 to €235,131
mainly Trade debts (+€681,788) and Short-term financial debts (+€500,000)
Equity and liabilities
- Trade debts +€681,788
up €681,788 (+32.2%), from €2.1m to €2.8m
- Short-term financial debts +€500,000
new in 2024: €500,000
- Profit (loss) carried forward +€424,477
up €424,477 (+11.2%), from €3.8m to €4.2m
- Debts after one year +€329,506
new in 2024: €329,506
- Current portion of long-term debt +€90,554
up €90,554 (+74.0%), from €122,381 to €212,935
Income statement
- Turnover +€1.8m
up €1.8m (+8.6%), from €21.1m to €22.9m
- Goods and materials +€1.3m
up €1.3m (+8.6%), from €15.0m to €16.2m
of which Purchases: +€2.3m
- Services and other goods +€487,220
up €487,220 (+13.3%), from €3.7m to €4.2m
From the 2023 result to the 2024 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.
Result 2023
€657,217
Turnover
+€1.8m
Other operating income
-€68,748
Goods and materials
-€1.3m
Services and other goods
-€487,220
Staff costs
-€168,009
Depreciation
-€10,524
Other operating charges
-€37,274
Financial income
-€8,024
Financial charges
-€65,155
Taxes
+€89,865
Result 2024
€424,477
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€666,478
Investment
-€116,437
Financing
+€920,060
Cash 2023
€97,986
From operations (derived)
-€666,478
Net result for the year
+€424,477
Depreciation
+€164,057
Stocks and contracts
-€325,359
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€678
Trade debts
+€681,788
Tax, wage and social debts
+€47,504
Accrued charges and deferred income
-€5,062
Investment (derived)
-€116,437
Investment in fixed assets (net)
-€116,437
Financing
+€920,060
Debts after one year
+€329,506
Current portion of long-term debt
+€90,554
Short-term financial debts
+€500,000
Cash 2024
€235,131
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,464,141 | €8,532,907 | +€2.1m | +32.0% |
| Fixed assets | 21/28 | €911,140 | €863,520 | -€47,620 | -5.2% |
| Intangible fixed assets | 21 | €658 | €98 | -€560 | -85.1% |
| Tangible fixed assets | 22/27 | €859,482 | €812,422 | -€47,060 | -5.5% |
| Plant, machinery and equipment | 23 | €781,302 | €759,314 | -€21,989 | -2.8% |
| Furniture and vehicles | 24 | €67,853 | €53,109 | -€14,744 | -21.7% |
| Leasing and similar rights | 25 | €10,327 | - | -€10,327 | |
| Financial fixed assets | 28 | €51,000 | €51,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €51,000 | €51,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €51,000 | €51,000 | = | 0.0% |
| Current assets | 29/58 | €5,553,001 | €7,669,387 | +€2.1m | +38.1% |
| Stocks and contracts in progress | 3 | €4,089,264 | €4,414,622 | +€325,359 | +8.0% |
| Stocks | 30/36 | €4,089,264 | €4,414,622 | +€325,359 | +8.0% |
| Goods purchased for resale | 34 | €3,819,316 | €4,062,816 | +€243,500 | +6.4% |
| Advance payments | 36 | €269,948 | €351,806 | +€81,859 | +30.3% |
| Amounts receivable within one year | 40/41 | €1,300,558 | €2,953,763 | +€1.7m | +127.1% |
| Trade receivables | 40 | €682,466 | €1,244,454 | +€561,988 | +82.3% |
| Other amounts receivable | 41 | €618,092 | €1,709,309 | +€1.1m | +176.5% |
| Cash at bank and in hand | 54/58 | €97,986 | €235,131 | +€137,145 | +140.0% |
| Deferred charges and accrued income | 490/1 | €65,193 | €65,870 | +€678 | +1.0% |
| Total equity and liabilities | 10/49 | €6,464,141 | €8,532,907 | +€2.1m | +32.0% |
| Equity | 10/15 | €3,818,571 | €4,243,048 | +€424,477 | +11.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,990 | €1,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,990 | €1,990 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,990 | €1,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,797,989 | €4,222,466 | +€424,477 | +11.2% |
| Amounts payable | 17/49 | €2,645,570 | €4,289,859 | +€1.6m | +62.2% |
| Amounts payable after more than one year | 17 | - | €329,506 | +€329,506 | |
| Financial debts | 170/4 | - | €329,506 | +€329,506 | |
| Other loans | 174 | - | €329,506 | +€329,506 | |
| Amounts payable within one year | 42/48 | €2,606,418 | €3,926,264 | +€1.3m | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €122,381 | €212,935 | +€90,554 | +74.0% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €2,119,528 | €2,801,315 | +€681,788 | +32.2% |
| Suppliers | 440/4 | €2,119,528 | €2,801,315 | +€681,788 | +32.2% |
| Taxes, remuneration and social security | 45 | €364,510 | €412,014 | +€47,504 | +13.0% |
| Taxes | 450/3 | €230,246 | €261,474 | +€31,227 | +13.6% |
| Remuneration and social security | 454/9 | €134,264 | €150,540 | +€16,277 | +12.1% |
| Accrued charges and deferred income | 492/3 | €39,151 | €34,089 | -€5,062 | -12.9% |
| Operating income | 70/76A | €21,128,729 | €22,867,898 | +€1.7m | +8.2% |
| Turnover | 70 | €21,055,960 | €22,863,877 | +€1.8m | +8.6% |
| Other operating income | 74 | €72,769 | €4,021 | -€68,748 | -94.5% |
| Operating charges | 60/66A | €20,218,757 | €22,207,351 | +€2.0m | +9.8% |
| Goods for resale, raw materials and consumables | 60 | €14,955,687 | €16,241,254 | +€1.3m | +8.6% |
| Purchases | 600/8 | €14,137,924 | €16,484,753 | +€2.3m | +16.6% |
| Change in stocks: decrease (increase) | 609 | €817,763 | -€243,500 | -€1.1m | |
| Services and other goods | 61 | €3,671,409 | €4,158,630 | +€487,220 | +13.3% |
| Remuneration, social security and pensions | 62 | €1,319,018 | €1,487,027 | +€168,009 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,533 | €164,057 | +€10,524 | +6.9% |
| Other operating charges | 640/8 | €119,110 | €156,385 | +€37,274 | +31.3% |
| Operating profit (loss) | 9901 | €909,972 | €660,546 | -€249,426 | -27.4% |
| Financial income | 75/76B | €46,813 | €38,789 | -€8,024 | -17.1% |
| Recurring financial income | 75 | €46,813 | €38,789 | -€8,024 | -17.1% |
| Income from current assets | 751 | - | €0 | +€0 | |
| Other financial income | 752/9 | €46,813 | €38,789 | -€8,024 | -17.1% |
| Financial charges | 65/66B | €57,513 | €122,668 | +€65,155 | +113.3% |
| Recurring financial charges | 65 | €57,513 | €122,668 | +€65,155 | +113.3% |
| Debt charges | 650 | €35,481 | €78,665 | +€43,185 | +121.7% |
| Other financial charges | 652/9 | €22,033 | €44,003 | +€21,970 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €899,271 | €576,667 | -€322,604 | -35.9% |
| Income taxes | 67/77 | €242,055 | €152,190 | -€89,865 | -37.1% |
| Taxes | 670/3 | €242,055 | €152,190 | -€89,865 | -37.1% |
| Profit (loss) for the period | 9904 | €657,217 | €424,477 | -€232,739 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €657,217 | €424,477 | -€232,739 | -35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.