Pirobouw: 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.
What changed
Pirobouw
NACE 23.140, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€842,908
2024 · -€125,419+€968,328
Equity
€2.8m
2024 · €2.0m+€703,591
Cash
€80,792
2024 · €161,188-€80,396
Balance sheet total
€4.5m
2024 · €3.7m+€745,774
Largest movements
Assets
- Receivables within one year +€1.3m
up €1.3m (+78.3%), from €1.7m to €3.0m
of which Other amounts receivable: +€1.5m
- Financial fixed assets -€452,845
no longer reported in 2025 (was €452,845)
- Tangible fixed assets -€91,563
down €91,563 (-7.2%), from €1.3m to €1.2m
of which Leasing and similar rights: -€90,533
- Cash -€80,396
down €80,396 (-49.9%), from €161,188 to €80,792
mainly Receivables within one year (-€1.3m) and Contributions, distributions and other (-€139,317)
- Stocks and contracts +€44,927
up €44,927 (+30.8%), from €145,989 to €190,916
Equity and liabilities
- Profit (loss) carried forward +€806,439
up €806,439 (+80.3%), from €1.0m to €1.8m
- Reserves -€102,848
down €102,848 (-15.3%), from €674,336 to €571,487
of which Tax-exempt reserves: -€102,848
- Debts after one year -€79,544
down €79,544 (-10.5%), from €758,286 to €678,742
- Trade debts +€53,223
up €53,223 (+27.4%), from €194,489 to €247,712
- Other debts +€50,390
up €50,390 (+97.1%), from €51,870 to €102,260
Income statement
- Gross operating margin +€962,271
up €962,271 (+140%), from €687,177 to €1.6m
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
-€125,419
Gross operating margin
+€962,271
Staff costs
-€12,659
Depreciation
+€463
Write-downs
-€745
Other operating charges
-€463
Financial income
+€79
Financial charges
+€15,189
Taxes
-€41
Deferred taxes and other
+€4,233
Result 2025
€842,908
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€263,123
Investment
+€402,707
Financing
-€219,979
Cash 2024
€161,188
From operations (derived)
-€263,123
Net result for the year
+€842,908
Depreciation
+€142,173
Stocks and contracts
-€44,927
Receivables within one year
-€1.3m
Smaller working-capital items
-€670
Provisions
+€18,143
Trade debts
+€53,223
Other debts
+€50,390
Investment (derived)
+€402,707
Investment in fixed assets (net)
+€402,707
Financing
-€219,979
Debts after one year
-€79,544
Current portion of long-term debt
+€4,013
Short-term financial debts
-€5,130
Contributions, distributions and other
-€139,317
Cash 2025
€80,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,722,582 | €4,468,356 | +€745,774 | +20.0% |
| Fixed assets | 21/28 | €1,723,336 | €1,178,456 | -€544,880 | -31.6% |
| Intangible fixed assets | 21 | €1,564 | €1,092 | -€472 | -30.2% |
| Tangible fixed assets | 22/27 | €1,268,927 | €1,177,365 | -€91,563 | -7.2% |
| Land and buildings | 22 | €221,096 | €208,323 | -€12,773 | -5.8% |
| Plant, machinery and equipment | 23 | €32,935 | €21,709 | -€11,226 | -34.1% |
| Furniture and vehicles | 24 | €61,076 | €90,517 | +€29,440 | +48.2% |
| Leasing and similar rights | 25 | €905,333 | €814,800 | -€90,533 | -10.0% |
| Other tangible fixed assets | 26 | €48,487 | €42,016 | -€6,471 | -13.3% |
| Financial fixed assets | 28 | €452,845 | - | -€452,845 | |
| Current assets | 29/58 | €1,999,246 | €3,289,900 | +€1.3m | +64.6% |
| Amounts receivable after more than one year | 29 | €25 | €25 | = | 0.0% |
| Trade receivables | 290 | €25 | €25 | = | 0.0% |
| Stocks and contracts in progress | 3 | €145,989 | €190,916 | +€44,927 | +30.8% |
| Stocks | 30/36 | €145,989 | €190,916 | +€44,927 | +30.8% |
| Amounts receivable within one year | 40/41 | €1,690,783 | €3,015,146 | +€1.3m | +78.3% |
| Trade receivables | 40 | €951,829 | €764,909 | -€186,919 | -19.6% |
| Other amounts receivable | 41 | €738,954 | €2,250,237 | +€1.5m | +205% |
| Cash at bank and in hand | 54/58 | €161,188 | €80,792 | -€80,396 | -49.9% |
| Deferred charges and accrued income | 490/1 | €1,261 | €3,020 | +€1,759 | +140% |
| Total equity and liabilities | 10/49 | €3,722,582 | €4,468,356 | +€745,774 | +20.0% |
| Equity | 10/15 | €2,049,983 | €2,753,574 | +€703,591 | +34.3% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €674,336 | €571,487 | -€102,848 | -15.3% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €630,648 | €527,800 | -€102,848 | -16.3% |
| Distributable reserves | 133 | €6,504 | €6,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,003,807 | €1,810,246 | +€806,439 | +80.3% |
| Provisions and deferred taxes | 16 | €157,269 | €175,412 | +€18,143 | +11.5% |
| Deferred taxes | 168 | €157,269 | €175,412 | +€18,143 | +11.5% |
| Amounts payable | 17/49 | €1,515,329 | €1,539,370 | +€24,040 | +1.6% |
| Amounts payable after more than one year | 17 | €758,286 | €678,742 | -€79,544 | -10.5% |
| Financial debts | 170/4 | €758,286 | €678,742 | -€79,544 | -10.5% |
| Amounts payable within one year | 42/48 | €756,326 | €860,340 | +€104,014 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €103,442 | €107,455 | +€4,013 | +3.9% |
| Financial debts | 43 | €345,015 | €339,885 | -€5,130 | -1.5% |
| Credit institutions | 430/8 | €345,015 | €339,885 | -€5,130 | -1.5% |
| Trade debts | 44 | €194,489 | €247,712 | +€53,223 | +27.4% |
| Suppliers | 440/4 | €194,489 | €247,712 | +€53,223 | +27.4% |
| Taxes, remuneration and social security | 45 | €61,510 | €63,029 | +€1,518 | +2.5% |
| Remuneration and social security | 454/9 | €61,510 | €63,029 | +€1,518 | +2.5% |
| Other amounts payable | 47/48 | €51,870 | €102,260 | +€50,390 | +97.1% |
| Accrued charges and deferred income | 492/3 | €717 | €288 | -€429 | -59.8% |
| Non-recurring operating income | 76A | €3,306 | €1,028,200 | +€1.0m | +31,003% |
| Remuneration, social security and pensions | 62 | €621,794 | €634,453 | +€12,659 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,635 | €142,173 | -€463 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115 | €860 | +€745 | +648% |
| Other operating charges | 640/8 | €17,826 | €18,289 | +€463 | +2.6% |
| Gross operating margin | 9900 | €687,177 | €1,649,448 | +€962,271 | +140% |
| Operating profit (loss) | 9901 | -€95,194 | €853,673 | +€948,867 | |
| Financial income | 75/76B | €21 | €100 | +€79 | +380% |
| Recurring financial income | 75 | €21 | €100 | +€79 | +380% |
| Financial charges | 65/66B | €45,909 | €30,720 | -€15,189 | -33.1% |
| Recurring financial charges | 65 | €45,909 | €30,720 | -€15,189 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | -€141,082 | €823,053 | +€964,135 | |
| Transfer from deferred taxes | 780 | €16,941 | €21,174 | +€4,233 | +25.0% |
| Income taxes | 67/77 | €1,278 | €1,319 | +€41 | +3.2% |
| Profit (loss) for the period | 9904 | -€125,419 | €842,908 | +€968,328 | |
| Transfer from tax-exempt reserves | 789 | €67,764 | €63,531 | -€4,233 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,655 | €906,439 | +€964,094 |
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 14 October 2026 via checked.be.