PIRON-CONSTRUCT: 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-CONSTRUCT
Largest movements
- Cash +€104,381
up €104,381 (+169%), from €61,663 to €166,044
mainly Receivables within one year (+€62,184) and Net result for the year (+€54,979)
- Receivables within one year -€62,184
down €62,184 (-45.7%), from €135,979 to €73,795
of which Trade receivables: -€41,970
- Tangible fixed assets -€41,085
down €41,085 (-19.5%), from €211,041 to €169,955
of which Furniture and vehicles: -€24,579
- Reserves +€41,580
up €41,580 (+23.3%), from €178,633 to €220,213
- Debts after one year -€31,552
down €31,552 (-34.0%), from €92,708 to €61,156
- Trade debts -€15,279
down €15,279 (-17.8%), from €85,790 to €70,511
- Accrued charges and deferred income +€6,652
new in 2025: €6,652
- Current portion of long-term debt -€4,361
down €4,361 (-12.1%), from €35,913 to €31,552
- Gross operating margin +€96,735
up €96,735 (+104%), from €92,838 to €189,573
- Staff costs +€45,309
up €45,309 (+347%), from €13,055 to €58,364
- Depreciation +€18,231
up €18,231 (+50.6%), from €36,059 to €54,290
- Taxes +€6,370
up €6,370 (+77.1%), from €8,263 to €14,633
- Financial income -€2,379
down €2,379 (-91.5%), from €2,600 to €220
of which Financial income: -€2,520
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 | €413,840 | €417,344 | +€3,504 | +0.8% |
| Fixed assets | 21/28 | €211,041 | €171,275 | -€39,765 | -18.8% |
| Intangible fixed assets | 21 | - | €1,320 | +€1,320 | |
| Tangible fixed assets | 22/27 | €211,041 | €169,955 | -€41,085 | -19.5% |
| Plant, machinery and equipment | 23 | €70,302 | €53,862 | -€16,440 | -23.4% |
| Furniture and vehicles | 24 | €140,673 | €116,094 | -€24,579 | -17.5% |
| Other tangible fixed assets | 26 | €66 | - | -€66 | |
| Current assets | 29/58 | €202,799 | €246,069 | +€43,270 | +21.3% |
| Amounts receivable within one year | 40/41 | €135,979 | €73,795 | -€62,184 | -45.7% |
| Trade receivables | 40 | €103,182 | €61,212 | -€41,970 | -40.7% |
| Other amounts receivable | 41 | €32,798 | €12,583 | -€20,215 | -61.6% |
| Cash at bank and in hand | 54/58 | €61,663 | €166,044 | +€104,381 | +169% |
| Deferred charges and accrued income | 490/1 | €5,157 | €6,230 | +€1,073 | +20.8% |
| Total equity and liabilities | 10/49 | €413,840 | €417,344 | +€3,504 | +0.8% |
| Equity | 10/15 | €179,633 | €221,213 | +€41,580 | +23.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €178,633 | €220,213 | +€41,580 | +23.3% |
| Distributable reserves | 133 | €178,633 | €220,213 | +€41,580 | +23.3% |
| Amounts payable | 17/49 | €234,207 | €196,131 | -€38,075 | -16.3% |
| Amounts payable after more than one year | 17 | €92,708 | €61,156 | -€31,552 | -34.0% |
| Financial debts | 170/4 | €92,708 | €61,156 | -€31,552 | -34.0% |
| Amounts payable within one year | 42/48 | €141,498 | €128,323 | -€13,176 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €35,913 | €31,552 | -€4,361 | -12.1% |
| Financial debts | 43 | - | €3,376 | +€3,376 | |
| Credit institutions | 430/8 | - | €3,376 | +€3,376 | |
| Trade debts | 44 | €85,790 | €70,511 | -€15,279 | -17.8% |
| Suppliers | 440/4 | €85,790 | €70,511 | -€15,279 | -17.8% |
| Taxes, remuneration and social security | 45 | €6,172 | €7,114 | +€941 | +15.3% |
| Taxes | 450/3 | €3,727 | €4,762 | +€1,034 | +27.7% |
| Remuneration and social security | 454/9 | €2,445 | €2,352 | -€93 | -3.8% |
| Other amounts payable | 47/48 | €13,624 | €15,771 | +€2,147 | +15.8% |
| Accrued charges and deferred income | 492/3 | - | €6,652 | +€6,652 | |
| Non-recurring operating income | 76A | - | €313 | +€313 | |
| Remuneration, social security and pensions | 62 | €13,055 | €58,364 | +€45,309 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,059 | €54,290 | +€18,231 | +50.6% |
| Other operating charges | 640/8 | €2,407 | €2,636 | +€229 | +9.5% |
| Gross operating margin | 9900 | €92,838 | €189,573 | +€96,735 | +104% |
| Operating profit (loss) | 9901 | €41,317 | €74,283 | +€32,966 | +79.8% |
| Financial income | 75/76B | €2,600 | €220 | -€2,379 | -91.5% |
| Recurring financial income | 75 | €2,600 | €80 | -€2,520 | -96.9% |
| Non-recurring financial income | 76B | - | €140 | +€140 | |
| Financial charges | 65/66B | €4,610 | €4,892 | +€281 | +6.1% |
| Recurring financial charges | 65 | €4,610 | €4,892 | +€281 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €39,306 | €69,612 | +€30,306 | +77.1% |
| Income taxes | 67/77 | €8,263 | €14,633 | +€6,370 | +77.1% |
| Profit (loss) for the period | 9904 | €31,044 | €54,979 | +€23,936 | +77.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,044 | €54,979 | +€23,936 | +77.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.