PIRMMO: 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.
PIRMMO
Largest movements
- Tangible fixed assets +€393,348
up €393,348 (+47.7%), from €824,580 to €1.2m
- Cash -€41,869
down €41,869 (-70.9%), from €59,020 to €17,152
mainly Other debts (-€631,151) and Investment in fixed assets (net) (-€418,668)
- Debts after one year +€1.0m
up €1.0m (+429.5%), from €237,225 to €1.3m
- Other debts -€631,151
down €631,151 (-99.8%), from €632,500 to €1,349
- Profit (loss) carried forward -€56,533
down €56,533 (-924.5%), from -€6,115 to -€62,648
- Current portion of long-term debt +€21,372
new in 2025: €21,372
- Depreciation +€22,741
up €22,741 (+882.2%), from €2,578 to €25,319
- Financial charges +€16,662
up €16,662 (+3325.8%), from €501 to €17,163
- Gross operating margin -€9,707
down €9,707 (-374.0%), from -€2,595 to -€12,302
- Other operating charges +€1,307
up €1,307 (+296.5%), from €441 to €1,748
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 | €883,611 | €1,237,223 | +€353,612 | +40.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €824,580 | €1,217,929 | +€393,348 | +47.7% |
| Tangible fixed assets | 22/27 | €824,580 | €1,217,929 | +€393,348 | +47.7% |
| Land and buildings | 22 | €824,580 | €1,217,929 | +€393,348 | +47.7% |
| Current assets | 29/58 | €59,030 | €19,294 | -€39,736 | -67.3% |
| Amounts receivable within one year | 40/41 | €10 | €0 | -€10 | -100.0% |
| Trade receivables | 40 | €10 | €0 | -€10 | -100.0% |
| Cash at bank and in hand | 54/58 | €59,020 | €17,152 | -€41,869 | -70.9% |
| Deferred charges and accrued income | 490/1 | - | €2,143 | +€2,143 | |
| Total equity and liabilities | 10/49 | €883,611 | €1,237,223 | +€353,612 | +40.0% |
| Equity | 10/15 | €13,885 | -€42,648 | -€56,533 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,115 | -€62,648 | -€56,533 | -924.5% |
| Amounts payable | 17/49 | €869,726 | €1,279,870 | +€410,145 | +47.2% |
| Amounts payable after more than one year | 17 | €237,225 | €1,256,128 | +€1.0m | +429.5% |
| Financial debts | 170/4 | €237,225 | €1,256,128 | +€1.0m | +429.5% |
| Amounts payable within one year | 42/48 | €632,501 | €23,742 | -€608,758 | -96.2% |
| Current portion of amounts payable after more than one year | 42 | - | €21,372 | +€21,372 | |
| Trade debts | 44 | €1 | €1,022 | +€1,021 | +204222.0% |
| Suppliers | 440/4 | €1 | €1,022 | +€1,021 | +204222.0% |
| Other amounts payable | 47/48 | €632,500 | €1,349 | -€631,151 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €25,319 | +€22,741 | +882.2% |
| Other operating charges | 640/8 | €441 | €1,748 | +€1,307 | +296.5% |
| Gross operating margin | 9900 | -€2,595 | -€12,302 | -€9,707 | -374.0% |
| Operating profit (loss) | 9901 | -€5,614 | -€39,370 | -€33,756 | -601.3% |
| Financial charges | 65/66B | €501 | €17,163 | +€16,662 | +3325.8% |
| Recurring financial charges | 65 | €501 | €17,163 | +€16,662 | +3325.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,115 | -€56,533 | -€50,418 | -824.5% |
| Profit (loss) for the period | 9904 | -€6,115 | -€56,533 | -€50,418 | -824.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,115 | -€56,533 | -€50,418 | -824.5% |
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 9 October 2026 via checked.be.