PIRON: 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.
PIRON
Largest movements
- Receivables within one year +€12,884
up €12,884 (+27.6%), from €46,758 to €59,642
of which Other amounts receivable: +€12,900
- Cash +€8,817
up €8,817 (+30.7%), from €28,729 to €37,546
mainly Trade debts (+€12,131) and Net result for the year (+€7,537)
- Trade debts +€12,131
up €12,131 (+17.6%), from €68,747 to €80,878
- Reserves +€4,000
up €4,000 (+14.3%), from €27,895 to €31,895
of which Distributable reserves: +€4,000
- Profit (loss) carried forward +€3,537
up €3,537, from -€3,193 to €344
- Staff costs +€9,349
up €9,349 (+23.6%), from €39,546 to €48,894
- Gross operating margin +€6,158
up €6,158 (+9.6%), from €64,001 to €70,159
- Financial charges +€3,201
up €3,201 (+43.9%), from €7,293 to €10,493
- Taxes +€1,020
up €1,020 (+485.4%), from €210 to €1,230
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 | €127,526 | €147,717 | +€20,191 | +15.8% |
| Fixed assets | 21/28 | €4,944 | €4,259 | -€685 | -13.9% |
| Tangible fixed assets | 22/27 | €4,824 | €3,885 | -€939 | -19.5% |
| Plant, machinery and equipment | 23 | €812 | €812 | = | 0.0% |
| Furniture and vehicles | 24 | €4,013 | €3,074 | -€939 | -23.4% |
| Financial fixed assets | 28 | €120 | €374 | +€254 | +211.5% |
| Current assets | 29/58 | €122,582 | €143,458 | +€20,876 | +17.0% |
| Stocks and contracts in progress | 3 | €45,465 | €43,996 | -€1,469 | -3.2% |
| Stocks | 30/36 | €45,465 | €43,996 | -€1,469 | -3.2% |
| Amounts receivable within one year | 40/41 | €46,758 | €59,642 | +€12,884 | +27.6% |
| Trade receivables | 40 | €17 | - | -€17 | |
| Other amounts receivable | 41 | €46,742 | €59,642 | +€12,900 | +27.6% |
| Cash at bank and in hand | 54/58 | €28,729 | €37,546 | +€8,817 | +30.7% |
| Deferred charges and accrued income | 490/1 | €1,630 | €2,274 | +€644 | +39.5% |
| Total equity and liabilities | 10/49 | €127,526 | €147,717 | +€20,191 | +15.8% |
| Equity | 10/15 | €43,302 | €50,839 | +€7,537 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,895 | €31,895 | +€4,000 | +14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,035 | €30,035 | +€4,000 | +15.4% |
| Profit (loss) carried forward | 14 | -€3,193 | €344 | +€3,537 | |
| Amounts payable | 17/49 | €84,224 | €96,878 | +€12,654 | +15.0% |
| Amounts payable within one year | 42/48 | €84,224 | €96,878 | +€12,654 | +15.0% |
| Trade debts | 44 | €68,747 | €80,878 | +€12,131 | +17.6% |
| Suppliers | 440/4 | €68,747 | €80,878 | +€12,131 | +17.6% |
| Taxes, remuneration and social security | 45 | €15,477 | €16,001 | +€523 | +3.4% |
| Taxes | 450/3 | €5,923 | €4,064 | -€1,859 | -31.4% |
| Remuneration and social security | 454/9 | €9,554 | €11,936 | +€2,382 | +24.9% |
| Remuneration, social security and pensions | 62 | €39,546 | €48,894 | +€9,349 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €939 | +€257 | +37.7% |
| Other operating charges | 640/8 | €1,354 | €1,078 | -€276 | -20.4% |
| Gross operating margin | 9900 | €64,001 | €70,159 | +€6,158 | +9.6% |
| Operating profit (loss) | 9901 | €22,420 | €19,248 | -€3,172 | -14.1% |
| Financial income | 75/76B | €11 | €12 | +€2 | +16.1% |
| Recurring financial income | 75 | €11 | €12 | +€2 | +16.1% |
| Financial charges | 65/66B | €7,293 | €10,493 | +€3,201 | +43.9% |
| Recurring financial charges | 65 | €7,293 | €10,493 | +€3,201 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €15,138 | €8,767 | -€6,371 | -42.1% |
| Income taxes | 67/77 | €210 | €1,230 | +€1,020 | +485.4% |
| Profit (loss) for the period | 9904 | €14,928 | €7,537 | -€7,391 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,928 | €7,537 | -€7,391 | -49.5% |
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.