Pironne: 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.
What changed
Pironne
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€317,738
2024 · €120,501+€197,237
Equity
€308,845
2024 · €71,107+€237,738
Cash
€429,777
2024 · €158,454+€271,323
Balance sheet total
€1.5m
2024 · €1.2m+€296,982
Largest movements
Assets
- Cash +€271,323
up €271,323 (+171%), from €158,454 to €429,777
mainly Net result for the year (+€317,738) and Depreciation (+€104,899)
- Receivables within one year +€26,234
up €26,234 (+28.4%), from €92,333 to €118,567
of which Trade receivables: +€13,213
Equity and liabilities
- Reserves +€290,245
new in 2025: €290,245
of which Distributable reserves: +€208,082
- Contributions -€80,000
down €80,000 (-81.1%), from €98,600 to €18,600
- Current portion of long-term debt +€57,375
up €57,375 (+70.8%), from €81,091 to €138,466
- Debts after one year -€49,081
down €49,081 (-6.9%), from €712,769 to €663,688
- Trade debts +€36,809
up €36,809 (+73.6%), from €50,039 to €86,847
Income statement
- Gross operating margin +€269,142
up €269,142 (+88.6%), from €303,706 to €572,848
- Depreciation +€23,481
up €23,481 (+28.8%), from €81,418 to €104,899
- Taxes +€18,345
new in 2025: €18,345
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.
Result 2024
€120,501
Gross operating margin
+€269,142
Staff costs
+€2,696
Depreciation
-€23,481
Other operating charges
-€714
Financial income
+€750
Financial charges
-€5,424
Taxes
-€18,345
Deferred taxes and other
-€27,388
Result 2025
€317,738
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€455,021
Investment
-€111,992
Financing
-€71,706
Cash 2024
€158,454
From operations (derived)
+€455,021
Net result for the year
+€317,738
Depreciation
+€104,899
Receivables within one year
-€26,234
Deferred charges and accrued income
+€7,668
Provisions
+€27,388
Trade debts
+€36,809
Tax, wage and social debts
+€7,881
Advances received
-€17,335
Other debts
-€3,792
Investment (derived)
-€111,992
Investment in fixed assets (net)
-€111,992
Financing
-€71,706
Debts after one year
-€49,081
Current portion of long-term debt
+€57,375
Contributions, distributions and other
-€80,000
Cash 2025
€429,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,480 | €1,529,462 | +€296,982 | +24.1% |
| Fixed assets | 21/28 | €909,312 | €916,405 | +€7,093 | +0.8% |
| Intangible fixed assets | 21 | €37,063 | €29,995 | -€7,068 | -19.1% |
| Tangible fixed assets | 22/27 | €859,266 | €873,427 | +€14,162 | +1.6% |
| Land and buildings | 22 | €436,613 | €352,067 | -€84,545 | -19.4% |
| Plant, machinery and equipment | 23 | €93,402 | €90,650 | -€2,752 | -2.9% |
| Furniture and vehicles | 24 | €113,010 | €98,745 | -€14,266 | -12.6% |
| Leasing and similar rights | 25 | €49,035 | €103,531 | +€54,496 | +111% |
| Other tangible fixed assets | 26 | €167,205 | €228,435 | +€61,230 | +36.6% |
| Financial fixed assets | 28 | €12,983 | €12,983 | = | 0.0% |
| Current assets | 29/58 | €323,168 | €613,057 | +€289,889 | +89.7% |
| Stocks and contracts in progress | 3 | €31,250 | €31,250 | = | 0.0% |
| Stocks | 30/36 | €31,250 | €31,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,333 | €118,567 | +€26,234 | +28.4% |
| Trade receivables | 40 | €92,333 | €105,546 | +€13,213 | +14.3% |
| Other amounts receivable | 41 | - | €13,021 | +€13,021 | |
| Cash at bank and in hand | 54/58 | €158,454 | €429,777 | +€271,323 | +171% |
| Deferred charges and accrued income | 490/1 | €41,131 | €33,463 | -€7,668 | -18.6% |
| Total equity and liabilities | 10/49 | €1,232,480 | €1,529,462 | +€296,982 | +24.1% |
| Equity | 10/15 | €71,107 | €308,845 | +€237,738 | +334% |
| Contributions | 10/11 | €98,600 | €18,600 | -€80,000 | -81.1% |
| Reserves | 13 | - | €290,245 | +€290,245 | |
| Tax-exempt reserves | 132 | - | €82,163 | +€82,163 | |
| Distributable reserves | 133 | - | €208,082 | +€208,082 | |
| Profit (loss) carried forward | 14 | -€27,493 | - | +€27,493 | |
| Provisions and deferred taxes | 16 | - | €27,388 | +€27,388 | |
| Deferred taxes | 168 | - | €27,388 | +€27,388 | |
| Amounts payable | 17/49 | €1,161,372 | €1,193,229 | +€31,856 | +2.7% |
| Amounts payable after more than one year | 17 | €712,769 | €663,688 | -€49,081 | -6.9% |
| Financial debts | 170/4 | €712,769 | €663,688 | -€49,081 | -6.9% |
| Amounts payable within one year | 42/48 | €448,604 | €529,541 | +€80,937 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €81,091 | €138,466 | +€57,375 | +70.8% |
| Trade debts | 44 | €50,039 | €86,847 | +€36,809 | +73.6% |
| Suppliers | 440/4 | €50,039 | €86,847 | +€36,809 | +73.6% |
| Advances received on contracts in progress | 46 | €286,015 | €268,680 | -€17,335 | -6.1% |
| Taxes, remuneration and social security | 45 | €17,922 | €25,802 | +€7,881 | +44.0% |
| Taxes | 450/3 | €4,845 | €13,623 | +€8,778 | +181% |
| Remuneration and social security | 454/9 | €13,076 | €12,179 | -€897 | -6.9% |
| Other amounts payable | 47/48 | €13,537 | €9,745 | -€3,792 | -28.0% |
| Non-recurring operating income | 76A | €10,965 | €113,724 | +€102,759 | +937% |
| Remuneration, social security and pensions | 62 | €72,251 | €69,555 | -€2,696 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,418 | €104,899 | +€23,481 | +28.8% |
| Other operating charges | 640/8 | €4,543 | €5,257 | +€714 | +15.7% |
| Gross operating margin | 9900 | €303,706 | €572,848 | +€269,142 | +88.6% |
| Operating profit (loss) | 9901 | €145,494 | €393,137 | +€247,643 | +170% |
| Financial income | 75/76B | €648 | €1,399 | +€750 | +116% |
| Recurring financial income | 75 | €648 | €1,399 | +€750 | +116% |
| Financial charges | 65/66B | €25,641 | €31,065 | +€5,424 | +21.2% |
| Recurring financial charges | 65 | €25,641 | €31,065 | +€5,424 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €120,501 | €363,471 | +€242,970 | +202% |
| Transfer from deferred taxes | 780 | - | €1,043 | +€1,043 | |
| Transfer to deferred taxes | 680 | - | €28,431 | +€28,431 | |
| Income taxes | 67/77 | - | €18,345 | +€18,345 | |
| Profit (loss) for the period | 9904 | €120,501 | €317,738 | +€197,237 | +164% |
| Transfer from tax-exempt reserves | 789 | - | €3,130 | +€3,130 | |
| Transfer to tax-exempt reserves | 689 | - | €85,293 | +€85,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €120,501 | €235,575 | +€115,074 | +95.5% |
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 25 October 2026 via checked.be.