PIRON S: 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 S
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+221.1%), from €669,696 to €2.2m
of which Land and buildings: +€1.3m
- Cash +€618,343
up €618,343 (+803.7%), from €76,938 to €695,282
mainly Debts after one year (+€1.5m) and Net result for the year (+€510,142)
- Stocks and contracts +€169,840
up €169,840 (+8.3%), from €2.0m to €2.2m
- Debts after one year +€1.5m
up €1.5m, from €0 to €1.5m
- Profit (loss) carried forward +€510,142
up €510,142 (+35.8%), from €1.4m to €1.9m
- Trade debts +€417,443
up €417,443 (+42.6%), from €980,289 to €1.4m
- Short-term financial debts -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Current portion of long-term debt -€69,075
down €69,075 (-35.0%), from €197,163 to €128,089
- Gross operating margin +€154,102
up €154,102 (+18.5%), from €833,737 to €987,839
- Depreciation +€42,462
up €42,462 (+44.7%), from €95,004 to €137,466
- Other operating charges +€27,413
up €27,413 (+355.7%), from €7,706 to €35,119
- Financial charges +€23,671
up €23,671 (+46.6%), from €50,837 to €74,508
- Financial income +€9,909
up €9,909 (+113.5%), from €8,730 to €18,639
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 | €3,290,301 | €5,539,664 | +€2.2m | +68.4% |
| Fixed assets | 21/28 | €719,816 | €2,189,166 | +€1.5m | +204.1% |
| Intangible fixed assets | 21 | €29,708 | €18,208 | -€11,500 | -38.7% |
| Tangible fixed assets | 22/27 | €669,696 | €2,150,546 | +€1.5m | +221.1% |
| Land and buildings | 22 | €318,259 | €1,587,746 | +€1.3m | +398.9% |
| Plant, machinery and equipment | 23 | €149,167 | €218,292 | +€69,125 | +46.3% |
| Furniture and vehicles | 24 | €202,270 | €344,508 | +€142,238 | +70.3% |
| Financial fixed assets | 28 | €20,412 | €20,412 | = | 0.0% |
| Current assets | 29/58 | €2,570,485 | €3,350,498 | +€780,013 | +30.3% |
| Stocks and contracts in progress | 3 | €2,035,566 | €2,205,406 | +€169,840 | +8.3% |
| Stocks | 30/36 | €2,035,566 | €2,205,406 | +€169,840 | +8.3% |
| Amounts receivable within one year | 40/41 | €449,087 | €439,283 | -€9,804 | -2.2% |
| Trade receivables | 40 | €449,087 | €371,914 | -€77,172 | -17.2% |
| Other amounts receivable | 41 | - | €67,368 | +€67,368 | |
| Cash at bank and in hand | 54/58 | €76,938 | €695,282 | +€618,343 | +803.7% |
| Deferred charges and accrued income | 490/1 | €8,894 | €10,527 | +€1,633 | +18.4% |
| Total equity and liabilities | 10/49 | €3,290,301 | €5,539,664 | +€2.2m | +68.4% |
| Equity | 10/15 | €1,444,247 | €1,954,389 | +€510,142 | +35.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,423,787 | €1,933,929 | +€510,142 | +35.8% |
| Amounts payable | 17/49 | €1,846,054 | €3,585,275 | +€1.7m | +94.2% |
| Amounts payable after more than one year | 17 | €0 | €1,521,865 | +€1.5m | |
| Financial debts | 170/4 | €0 | €1,521,865 | +€1.5m | |
| Amounts payable within one year | 42/48 | €1,846,054 | €2,063,410 | +€217,356 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €197,163 | €128,089 | -€69,075 | -35.0% |
| Financial debts | 43 | €100,000 | €0 | -€100,000 | -100.0% |
| Credit institutions | 430/8 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €980,289 | €1,397,732 | +€417,443 | +42.6% |
| Suppliers | 440/4 | €980,289 | €1,397,732 | +€417,443 | +42.6% |
| Taxes, remuneration and social security | 45 | €115,006 | €70,387 | -€44,619 | -38.8% |
| Taxes | 450/3 | €96,838 | €51,847 | -€44,991 | -46.5% |
| Remuneration and social security | 454/9 | €18,168 | €18,540 | +€372 | +2.0% |
| Other amounts payable | 47/48 | €453,596 | €467,203 | +€13,607 | +3.0% |
| Remuneration, social security and pensions | 62 | €126,378 | €125,641 | -€736 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,004 | €137,466 | +€42,462 | +44.7% |
| Other operating charges | 640/8 | €7,706 | €35,119 | +€27,413 | +355.7% |
| Gross operating margin | 9900 | €833,737 | €987,839 | +€154,102 | +18.5% |
| Operating profit (loss) | 9901 | €604,650 | €689,612 | +€84,963 | +14.1% |
| Financial income | 75/76B | €8,730 | €18,639 | +€9,909 | +113.5% |
| Recurring financial income | 75 | €8,730 | €18,639 | +€9,909 | +113.5% |
| Financial charges | 65/66B | €50,837 | €74,508 | +€23,671 | +46.6% |
| Recurring financial charges | 65 | €50,837 | €74,508 | +€23,671 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €562,542 | €633,744 | +€71,201 | +12.7% |
| Income taxes | 67/77 | €126,596 | €123,602 | -€2,995 | -2.4% |
| Profit (loss) for the period | 9904 | €435,946 | €510,142 | +€74,196 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €435,946 | €510,142 | +€74,196 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.