PIRON PROPERTIES: 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 PROPERTIES
Largest movements
- Stocks and contracts -€491,769
down €491,769 (-32.6%), from €1.5m to €1.0m
- Receivables within one year -€397,734
down €397,734 (-72.8%), from €546,541 to €148,807
of which Trade receivables: -€394,163
- Other debts -€879,063
down €879,063 (-93.2%), from €943,651 to €64,588
- Debts after one year -€605,165
down €605,165 (-46.3%), from €1.3m to €703,119
- Reserves +€298,180
up €298,180 (+212%), from €140,357 to €438,536
- Advances received +€278,840
up €278,840 (+581%), from €47,962 to €326,802
- Tax, wage and social debts +€64,682
up €64,682 (+515%), from €12,559 to €77,241
of which Taxes: +€64,298
- Gross operating margin +€213,675
up €213,675 (+63.8%), from €334,685 to €548,361
- Taxes +€67,869
up €67,869 (+487%), from €13,934 to €81,803
- Financial charges -€39,098
down €39,098 (-38.4%), from €101,902 to €62,804
- Other operating charges -€8,507
down €8,507 (-14.6%), from €58,312 to €49,805
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 | €2,543,365 | €1,657,485 | -€885,880 | -34.8% |
| Fixed assets | 21/28 | €474,019 | €473,351 | -€668 | -0.1% |
| Tangible fixed assets | 22/27 | €474,019 | €473,351 | -€668 | -0.1% |
| Land and buildings | 22 | €471,415 | €471,415 | = | 0.0% |
| Furniture and vehicles | 24 | €2,604 | €1,936 | -€668 | -25.7% |
| Current assets | 29/58 | €2,069,346 | €1,184,134 | -€885,212 | -42.8% |
| Stocks and contracts in progress | 3 | €1,509,294 | €1,017,525 | -€491,769 | -32.6% |
| Stocks | 30/36 | €1,509,294 | €1,017,525 | -€491,769 | -32.6% |
| Amounts receivable within one year | 40/41 | €546,541 | €148,807 | -€397,734 | -72.8% |
| Trade receivables | 40 | €542,882 | €148,720 | -€394,163 | -72.6% |
| Other amounts receivable | 41 | €3,658 | €87 | -€3,571 | -97.6% |
| Cash at bank and in hand | 54/58 | €12,587 | €16,995 | +€4,408 | +35.0% |
| Deferred charges and accrued income | 490/1 | €924 | €807 | -€117 | -12.7% |
| Total equity and liabilities | 10/49 | €2,543,365 | €1,657,485 | -€885,880 | -34.8% |
| Equity | 10/15 | €206,591 | €450,936 | +€244,345 | +118% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €140,357 | €438,536 | +€298,180 | +212% |
| Distributable reserves | 133 | €140,357 | €438,536 | +€298,180 | +212% |
| Profit (loss) carried forward | 14 | €53,835 | - | -€53,835 | |
| Amounts payable | 17/49 | €2,336,773 | €1,206,549 | -€1.1m | -48.4% |
| Amounts payable after more than one year | 17 | €1,308,284 | €703,119 | -€605,165 | -46.3% |
| Financial debts | 170/4 | €1,308,284 | €703,119 | -€605,165 | -46.3% |
| Amounts payable within one year | 42/48 | €1,028,489 | €503,430 | -€525,060 | -51.1% |
| Current portion of amounts payable after more than one year | 42 | €22,490 | - | -€22,490 | |
| Trade debts | 44 | €1,827 | €34,799 | +€32,972 | +1,804% |
| Suppliers | 440/4 | €1,827 | €34,799 | +€32,972 | +1,804% |
| Advances received on contracts in progress | 46 | €47,962 | €326,802 | +€278,840 | +581% |
| Taxes, remuneration and social security | 45 | €12,559 | €77,241 | +€64,682 | +515% |
| Taxes | 450/3 | - | €64,298 | +€64,298 | |
| Remuneration and social security | 454/9 | €12,559 | €12,943 | +€384 | +3.1% |
| Other amounts payable | 47/48 | €943,651 | €64,588 | -€879,063 | -93.2% |
| Remuneration, social security and pensions | 62 | €105,207 | €108,953 | +€3,746 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €668 | -€828 | -55.3% |
| Other operating charges | 640/8 | €58,312 | €49,805 | -€8,507 | -14.6% |
| Gross operating margin | 9900 | €334,685 | €548,361 | +€213,675 | +63.8% |
| Operating profit (loss) | 9901 | €169,671 | €388,935 | +€219,264 | +129% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €101,902 | €62,804 | -€39,098 | -38.4% |
| Recurring financial charges | 65 | €101,902 | €62,804 | -€39,098 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €67,769 | €326,147 | +€258,379 | +381% |
| Income taxes | 67/77 | €13,934 | €81,803 | +€67,869 | +487% |
| Profit (loss) for the period | 9904 | €53,835 | €244,345 | +€190,510 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €53,835 | €244,345 | +€190,510 | +354% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.