PIRNAY: 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.
PIRNAY
Largest movements
- Receivables after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Receivables within one year +€8,789
new in 2025: €8,789
of which Trade receivables: +€6,540
- Cash -€5,009
down €5,009 (-63.3%), from €7,911 to €2,902
mainly Other debts (-€21,544) and Tax, wage and social debts (-€18,425)
- Tangible fixed assets -€1,452
down €1,452 (-44.0%), from €3,301 to €1,849
- Other debts -€21,544
down €21,544 (-99.8%), from €21,592 to €48
- Tax, wage and social debts -€18,425
down €18,425 (-63.4%), from €29,048 to €10,623
- Profit (loss) carried forward +€12,194
up €12,194 (+25.0%), from €48,797 to €60,991
- Trade debts +€6,971
up €6,971 (+92.5%), from €7,533 to €14,504
- Advances received +€3,740
new in 2025: €3,740
- Staff costs +€2,824
no longer reported in 2025 (was -€2,824)
- Gross operating margin +€2,272
up €2,272 (+11.9%), from €19,135 to €21,407
- Financial charges +€1,524
up €1,524 (+113%), from €1,354 to €2,878
- Other operating charges +€761
up €761 (+185%), from €412 to €1,173
- Depreciation +€534
up €534 (+58.2%), from €918 to €1,452
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 | €111,970 | €94,906 | -€17,064 | -15.2% |
| Fixed assets | 21/28 | €3,301 | €1,849 | -€1,452 | -44.0% |
| Tangible fixed assets | 22/27 | €3,301 | €1,849 | -€1,452 | -44.0% |
| Plant, machinery and equipment | 23 | €3,301 | €1,849 | -€1,452 | -44.0% |
| Current assets | 29/58 | €108,669 | €93,057 | -€15,612 | -14.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Other amounts receivable | 291 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts receivable within one year | 40/41 | - | €8,789 | +€8,789 | |
| Trade receivables | 40 | - | €6,540 | +€6,540 | |
| Other amounts receivable | 41 | - | €2,249 | +€2,249 | |
| Cash at bank and in hand | 54/58 | €7,911 | €2,902 | -€5,009 | -63.3% |
| Deferred charges and accrued income | 490/1 | €758 | €1,365 | +€608 | +80.2% |
| Total equity and liabilities | 10/49 | €111,970 | €94,906 | -€17,064 | -15.2% |
| Equity | 10/15 | €53,797 | €65,991 | +€12,194 | +22.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,797 | €60,991 | +€12,194 | +25.0% |
| Amounts payable | 17/49 | €58,173 | €28,915 | -€29,258 | -50.3% |
| Amounts payable within one year | 42/48 | €58,173 | €28,915 | -€29,258 | -50.3% |
| Trade debts | 44 | €7,533 | €14,504 | +€6,971 | +92.5% |
| Suppliers | 440/4 | €7,533 | €14,504 | +€6,971 | +92.5% |
| Advances received on contracts in progress | 46 | - | €3,740 | +€3,740 | |
| Taxes, remuneration and social security | 45 | €29,048 | €10,623 | -€18,425 | -63.4% |
| Taxes | 450/3 | €29,048 | €10,623 | -€18,425 | -63.4% |
| Other amounts payable | 47/48 | €21,592 | €48 | -€21,544 | -99.8% |
| Remuneration, social security and pensions | 62 | -€2,824 | - | +€2,824 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €918 | €1,452 | +€534 | +58.2% |
| Other operating charges | 640/8 | €412 | €1,173 | +€761 | +185% |
| Gross operating margin | 9900 | €19,135 | €21,407 | +€2,272 | +11.9% |
| Operating profit (loss) | 9901 | €20,628 | €18,782 | -€1,847 | -9.0% |
| Financial income | 75/76B | €87 | €337 | +€249 | +285% |
| Recurring financial income | 75 | €87 | €337 | +€249 | +285% |
| Financial charges | 65/66B | €1,354 | €2,878 | +€1,524 | +113% |
| Recurring financial charges | 65 | €1,354 | €2,878 | +€1,524 | +113% |
| Profit (loss) for the period before taxes | 9903 | €19,362 | €16,241 | -€3,121 | -16.1% |
| Income taxes | 67/77 | €4,498 | €4,046 | -€452 | -10.1% |
| Profit (loss) for the period | 9904 | €14,864 | €12,194 | -€2,669 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,864 | €12,194 | -€2,669 | -18.0% |
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 17 October 2026 via checked.be.