PIROEH: 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.
PIROEH
Largest movements
- Receivables within one year -€1,437
down €1,437 (-31.1%), from €4,616 to €3,178
of which Trade receivables: -€1,934
- Deferred charges and accrued income +€1,180
up €1,180 (+432.7%), from €273 to €1,453
- Cash -€1,161
down €1,161 (-26.5%), from €4,382 to €3,221
mainly Trade debts (-€1,936) and Net result for the year (-€1,735)
- Tangible fixed assets -€336
down €336 (-25.0%), from €1,344 to €1,008
- Trade debts -€1,936
down €1,936 (-27.8%), from €6,967 to €5,030
- Other debts +€1,798
new in 2025: €1,798
- Profit (loss) carried forward -€1,735
down €1,735 (-54.8%), from -€3,168 to -€4,903
- Gross operating margin +€2,498
up €2,498, from -€782 to €1,716
- Write-downs +€964
new in 2025: €964
- Taxes +€503
up €503 (+159.1%), from €316 to €819
- Other operating charges -€348
down €348 (-31.0%), from €1,124 to €776
- Financial income +€36
up €36 (+911.5%), from €4 to €39
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 | €10,615 | €8,860 | -€1,755 | -16.5% |
| Fixed assets | 21/28 | €1,344 | €1,008 | -€336 | -25.0% |
| Tangible fixed assets | 22/27 | €1,344 | €1,008 | -€336 | -25.0% |
| Furniture and vehicles | 24 | €1,344 | €1,008 | -€336 | -25.0% |
| Current assets | 29/58 | €9,271 | €7,852 | -€1,419 | -15.3% |
| Amounts receivable within one year | 40/41 | €4,616 | €3,178 | -€1,437 | -31.1% |
| Trade receivables | 40 | €3,582 | €1,648 | -€1,934 | -54.0% |
| Other amounts receivable | 41 | €1,034 | €1,531 | +€497 | +48.0% |
| Cash at bank and in hand | 54/58 | €4,382 | €3,221 | -€1,161 | -26.5% |
| Deferred charges and accrued income | 490/1 | €273 | €1,453 | +€1,180 | +432.7% |
| Total equity and liabilities | 10/49 | €10,615 | €8,860 | -€1,755 | -16.5% |
| Equity | 10/15 | €1,832 | €97 | -€1,735 | -94.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,168 | -€4,903 | -€1,735 | -54.8% |
| Amounts payable | 17/49 | €8,783 | €8,763 | -€20 | -0.2% |
| Amounts payable within one year | 42/48 | €8,783 | €8,763 | -€20 | -0.2% |
| Financial debts | 43 | - | €105 | +€105 | |
| Credit institutions | 430/8 | - | €105 | +€105 | |
| Trade debts | 44 | €6,967 | €5,030 | -€1,936 | -27.8% |
| Suppliers | 440/4 | €6,967 | €5,030 | -€1,936 | -27.8% |
| Taxes, remuneration and social security | 45 | €1,816 | €1,829 | +€13 | +0.7% |
| Taxes | 450/3 | €316 | €1,829 | +€1,513 | +478.5% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | - | €1,798 | +€1,798 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €336 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €964 | +€964 | |
| Other operating charges | 640/8 | €1,124 | €776 | -€348 | -31.0% |
| Gross operating margin | 9900 | -€782 | €1,716 | +€2,498 | |
| Operating profit (loss) | 9901 | -€2,242 | -€359 | +€1,882 | +84.0% |
| Financial income | 75/76B | €4 | €39 | +€36 | +911.5% |
| Recurring financial income | 75 | €4 | €39 | +€36 | +911.5% |
| Financial charges | 65/66B | €614 | €596 | -€19 | -3.0% |
| Recurring financial charges | 65 | €614 | €596 | -€19 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,852 | -€915 | +€1,937 | +67.9% |
| Income taxes | 67/77 | €316 | €819 | +€503 | +159.1% |
| Profit (loss) for the period | 9904 | -€3,168 | -€1,735 | +€1,434 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,168 | -€1,735 | +€1,434 | +45.2% |
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 8 October 2026 via checked.be.