PIROT: 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.
PIROT
Largest movements
- Cash +€434,722
up €434,722 (+50.4%), from €862,611 to €1.3m
mainly Debts after one year (+€640,628) and Depreciation (+€564,481)
- Financial fixed assets +€268,061
up €268,061 (+125%), from €214,942 to €483,003
- Receivables within one year +€211,251
up €211,251 (+9.0%), from €2.3m to €2.6m
of which Trade receivables: +€359,284
- Tangible fixed assets +€156,470
up €156,470 (+5.1%), from €3.0m to €3.2m
of which Land and buildings: +€434,574
- Debts after one year +€640,628
up €640,628 (+50.8%), from €1.3m to €1.9m
- Trade debts +€429,867
up €429,867 (+25.7%), from €1.7m to €2.1m
- Short-term financial debts -€200,000
down €200,000 (-25.0%), from €800,000 to €600,000
- Profit (loss) carried forward +€189,810
up €189,810 (+10.6%), from €1.8m to €2.0m
- Reserves -€150,000
down €150,000 (-21.7%), from €692,570 to €542,570
of which Distributable reserves: -€150,000
- Gross operating margin +€371,192
up €371,192 (+11.8%), from €3.2m to €3.5m
- Staff costs +€282,550
up €282,550 (+12.5%), from €2.3m to €2.5m
- Taxes +€69,431
up €69,431 (+506%), from €13,734 to €83,165
- Financial charges -€43,890
down €43,890 (-30.6%), from €143,557 to €99,667
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 | €7,478,230 | €8,553,505 | +€1.1m | +14.4% |
| Fixed assets | 21/28 | €3,257,481 | €3,682,012 | +€424,531 | +13.0% |
| Tangible fixed assets | 22/27 | €3,042,539 | €3,199,009 | +€156,470 | +5.1% |
| Land and buildings | 22 | €1,359,203 | €1,793,776 | +€434,574 | +32.0% |
| Plant, machinery and equipment | 23 | €139,630 | €125,826 | -€13,804 | -9.9% |
| Furniture and vehicles | 24 | €203,004 | €222,647 | +€19,643 | +9.7% |
| Leasing and similar rights | 25 | €1,325,830 | €998,668 | -€327,161 | -24.7% |
| Other tangible fixed assets | 26 | €14,873 | €58,092 | +€43,219 | +291% |
| Financial fixed assets | 28 | €214,942 | €483,003 | +€268,061 | +125% |
| Current assets | 29/58 | €4,220,749 | €4,871,493 | +€650,744 | +15.4% |
| Stocks and contracts in progress | 3 | €974,031 | €999,979 | +€25,949 | +2.7% |
| Stocks | 30/36 | €974,031 | €999,979 | +€25,949 | +2.7% |
| Amounts receivable within one year | 40/41 | €2,347,579 | €2,558,831 | +€211,251 | +9.0% |
| Trade receivables | 40 | €1,782,115 | €2,141,399 | +€359,284 | +20.2% |
| Other amounts receivable | 41 | €565,465 | €417,432 | -€148,033 | -26.2% |
| Cash at bank and in hand | 54/58 | €862,611 | €1,297,332 | +€434,722 | +50.4% |
| Deferred charges and accrued income | 490/1 | €36,528 | €15,350 | -€21,178 | -58.0% |
| Total equity and liabilities | 10/49 | €7,478,230 | €8,553,505 | +€1.1m | +14.4% |
| Equity | 10/15 | €2,782,766 | €2,821,839 | +€39,073 | +1.4% |
| Contributions | 10/11 | €285,000 | €285,000 | = | 0.0% |
| Capital | 10 | €285,000 | €285,000 | = | 0.0% |
| Issued capital | 100 | €285,000 | €285,000 | = | 0.0% |
| Reserves | 13 | €692,570 | €542,570 | -€150,000 | -21.7% |
| Non-distributable reserves | 130/1 | €28,500 | €28,500 | = | 0.0% |
| Legal reserve | 130 | €28,500 | €28,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €245,070 | €245,070 | = | 0.0% |
| Distributable reserves | 133 | €419,000 | €269,000 | -€150,000 | -35.8% |
| Profit (loss) carried forward | 14 | €1,793,715 | €1,983,524 | +€189,810 | +10.6% |
| Investment grants | 15 | €11,482 | €10,745 | -€736 | -6.4% |
| Amounts payable | 17/49 | €4,695,464 | €5,731,666 | +€1.0m | +22.1% |
| Amounts payable after more than one year | 17 | €1,261,861 | €1,902,489 | +€640,628 | +50.8% |
| Financial debts | 170/4 | €1,261,861 | €1,902,489 | +€640,628 | +50.8% |
| Amounts payable within one year | 42/48 | €3,407,494 | €3,822,048 | +€414,554 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €509,998 | €550,351 | +€40,353 | +7.9% |
| Financial debts | 43 | €800,000 | €600,000 | -€200,000 | -25.0% |
| Credit institutions | 430/8 | €800,000 | €600,000 | -€200,000 | -25.0% |
| Trade debts | 44 | €1,674,118 | €2,103,985 | +€429,867 | +25.7% |
| Suppliers | 440/4 | €1,674,118 | €2,103,985 | +€429,867 | +25.7% |
| Taxes, remuneration and social security | 45 | €210,152 | €264,903 | +€54,751 | +26.1% |
| Taxes | 450/3 | €39,352 | €59,915 | +€20,562 | +52.3% |
| Remuneration and social security | 454/9 | €170,800 | €204,989 | +€34,188 | +20.0% |
| Other amounts payable | 47/48 | €213,226 | €302,809 | +€89,583 | +42.0% |
| Accrued charges and deferred income | 492/3 | €26,109 | €7,129 | -€18,980 | -72.7% |
| Remuneration, social security and pensions | 62 | €2,263,427 | €2,545,978 | +€282,550 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582,813 | €564,481 | -€18,332 | -3.1% |
| Other operating charges | 640/8 | €25,189 | €49,129 | +€23,940 | +95.0% |
| Gross operating margin | 9900 | €3,155,280 | €3,526,472 | +€371,192 | +11.8% |
| Operating profit (loss) | 9901 | €283,850 | €366,884 | +€83,034 | +29.3% |
| Financial income | 75/76B | €3,627 | €5,758 | +€2,131 | +58.7% |
| Recurring financial income | 75 | €3,627 | €5,758 | +€2,131 | +58.7% |
| Financial charges | 65/66B | €143,557 | €99,667 | -€43,890 | -30.6% |
| Recurring financial charges | 65 | €143,557 | €99,667 | -€43,890 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €143,919 | €272,975 | +€129,055 | +89.7% |
| Income taxes | 67/77 | €13,734 | €83,165 | +€69,431 | +506% |
| Profit (loss) for the period | 9904 | €130,186 | €189,810 | +€59,624 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,186 | €189,810 | +€59,624 | +45.8% |
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 15 October 2026 via checked.be.