PIRMATECH: 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
PIRMATECH
NACE 29.310, Manufacture of motor vehicles, trailers and semi-trailers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,539
2024 · €22,860+€11,679
Equity
€643,363
2024 · €608,824+€34,539
Cash
€26,483
2024 · €17,274+€9,209
Balance sheet total
€1.4m
2024 · €1.4m-€38,385
Largest movements
Assets
- Tangible fixed assets -€114,582
down €114,582 (-11.5%), from €992,801 to €878,218
of which Leasing and similar rights: -€66,767
- Receivables within one year +€56,291
up €56,291 (+15.6%), from €361,313 to €417,604
of which Trade receivables: +€53,849
Equity and liabilities
- Debts after one year -€156,967
down €156,967 (-35.2%), from €446,086 to €289,119
- Trade debts +€92,289
up €92,289 (+109.4%), from €84,353 to €176,642
- Profit (loss) carried forward +€34,539
up €34,539 (+25.6%), from -€134,797 to -€100,258
- Current portion of long-term debt -€18,619
down €18,619 (-18.3%), from €101,667 to €83,048
Income statement
- Gross operating margin -€83,601
down €83,601 (-11.2%), from €747,444 to €663,843
- Staff costs -€78,581
down €78,581 (-15.1%), from €521,999 to €443,418
- Financial charges -€15,310
down €15,310 (-40.3%), from €37,970 to €22,660
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.
Result 2024
€22,860
Gross operating margin
-€83,601
Staff costs
+€78,581
Depreciation
+€1,790
Other operating charges
-€778
Other operating items
-€1
Financial income
-€122
Financial charges
+€15,310
Taxes
+€500
Result 2025
€34,539
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.
From operations
+€218,345
Investment
-€33,551
Financing
-€175,586
Cash 2024
€17,274
From operations (derived)
+€218,345
Net result for the year
+€34,539
Depreciation
+€147,232
Stocks and contracts
-€9,379
Receivables within one year
-€56,291
Deferred charges and accrued income
-€418
Trade debts
+€92,289
Tax, wage and social debts
+€12,840
Advances received
-€2,096
Other debts
-€371
Investment (derived)
-€33,551
Investment in fixed assets (net)
-€33,551
Financing
-€175,586
Debts after one year
-€156,967
Current portion of long-term debt
-€18,619
Cash 2025
€26,483
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,292 | €1,395,908 | -€38,385 | -2.7% |
| Fixed assets | 21/28 | €999,014 | €885,333 | -€113,681 | -11.4% |
| Intangible fixed assets | 21 | €6,214 | €7,115 | +€901 | +14.5% |
| Tangible fixed assets | 22/27 | €992,801 | €878,218 | -€114,582 | -11.5% |
| Land and buildings | 22 | €529,151 | €524,015 | -€5,135 | -1.0% |
| Plant, machinery and equipment | 23 | €291,195 | €258,852 | -€32,343 | -11.1% |
| Furniture and vehicles | 24 | €30,236 | €19,899 | -€10,337 | -34.2% |
| Leasing and similar rights | 25 | €142,219 | €75,452 | -€66,767 | -46.9% |
| Current assets | 29/58 | €435,278 | €510,574 | +€75,296 | +17.3% |
| Stocks and contracts in progress | 3 | €46,125 | €55,504 | +€9,379 | +20.3% |
| Stocks | 30/36 | €28,125 | €37,714 | +€9,589 | +34.1% |
| Contracts in progress | 37 | €18,000 | €17,790 | -€210 | -1.2% |
| Amounts receivable within one year | 40/41 | €361,313 | €417,604 | +€56,291 | +15.6% |
| Trade receivables | 40 | €329,766 | €383,615 | +€53,849 | +16.3% |
| Other amounts receivable | 41 | €31,547 | €33,989 | +€2,442 | +7.7% |
| Cash at bank and in hand | 54/58 | €17,274 | €26,483 | +€9,209 | +53.3% |
| Deferred charges and accrued income | 490/1 | €10,566 | €10,984 | +€418 | +4.0% |
| Total equity and liabilities | 10/49 | €1,434,292 | €1,395,908 | -€38,385 | -2.7% |
| Equity | 10/15 | €608,824 | €643,363 | +€34,539 | +5.7% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Revaluation surpluses | 12 | €663,592 | €663,592 | = | 0.0% |
| Reserves | 13 | €30,451 | €30,451 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,451 | €30,451 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,451 | €30,451 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,797 | -€100,258 | +€34,539 | +25.6% |
| Amounts payable | 17/49 | €825,468 | €752,545 | -€72,924 | -8.8% |
| Amounts payable after more than one year | 17 | €446,086 | €289,119 | -€156,967 | -35.2% |
| Financial debts | 170/4 | €446,086 | €289,119 | -€156,967 | -35.2% |
| Amounts payable within one year | 42/48 | €379,382 | €463,425 | +€84,043 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €101,667 | €83,048 | -€18,619 | -18.3% |
| Trade debts | 44 | €84,353 | €176,642 | +€92,289 | +109.4% |
| Suppliers | 440/4 | €84,353 | €176,642 | +€92,289 | +109.4% |
| Advances received on contracts in progress | 46 | €2,730 | €635 | -€2,096 | -76.8% |
| Taxes, remuneration and social security | 45 | €75,688 | €88,528 | +€12,840 | +17.0% |
| Taxes | 450/3 | €31,296 | €47,484 | +€16,188 | +51.7% |
| Remuneration and social security | 454/9 | €44,392 | €41,044 | -€3,348 | -7.5% |
| Other amounts payable | 47/48 | €114,944 | €114,572 | -€371 | -0.3% |
| Remuneration, social security and pensions | 62 | €521,999 | €443,418 | -€78,581 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,022 | €147,232 | -€1,790 | -1.2% |
| Other operating charges | 640/8 | €15,263 | €16,040 | +€778 | +5.1% |
| Operating charges capitalised as restructuring costs | 649 | -€1 | - | +€1 | |
| Gross operating margin | 9900 | €747,444 | €663,843 | -€83,601 | -11.2% |
| Operating profit (loss) | 9901 | €61,162 | €57,154 | -€4,008 | -6.6% |
| Financial income | 75/76B | €167 | €45 | -€122 | -72.9% |
| Recurring financial income | 75 | €167 | €45 | -€122 | -72.9% |
| Financial charges | 65/66B | €37,970 | €22,660 | -€15,310 | -40.3% |
| Recurring financial charges | 65 | €37,970 | €22,660 | -€15,310 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €23,360 | €34,539 | +€11,179 | +47.9% |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | €22,860 | €34,539 | +€11,679 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,860 | €34,539 | +€11,679 | +51.1% |
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 28 September 2026 via checked.be.