Pirot Michaël SRL: what changed
Pirot Michaël SRL
Largest movements
- Receivables within one year -€32,548
down €32,548 (-69.5%), from €46,837 to €14,289
of which Other amounts receivable: -€22,667
- Cash +€14,663
up €14,663 (+13.6%), from €107,849 to €122,513
mainly Net result for the year (+€47,552) and Receivables within one year (+€32,548)
- Tangible fixed assets -€2,628
down €2,628 (-4.5%), from €58,165 to €55,536
of which Plant, machinery and equipment: -€10,037
- Reserves +€47,500
up €47,500 (+62.1%), from €76,500 to €124,000
- Profit (loss) carried forward -€36,948
down €36,948 (-98.1%), from €37,657 to €710
- Other debts -€15,000
down €15,000 (-28.8%), from €52,000 to €37,000
- Current portion of long-term debt -€12,837
down €12,837 (-68.4%), from €18,779 to €5,943
- Tax, wage and social debts +€10,999
up €10,999 (+142%), from €7,740 to €18,739
- Taxes +€7,821
up €7,821 (+56.9%), from €13,740 to €21,562
- Depreciation -€3,856
down €3,856 (-20.7%), from €18,593 to €14,737
- Gross operating margin -€1,305
down €1,305 (-1.5%), from €86,875 to €85,570
- Staff costs -€1,120
down €1,120 (-53.5%), from €2,094 to €974
- Financial income +€1,102
up €1,102 (+151%), from €730 to €1,832
of which Financial income: +€599
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,849 | €194,344 | -€20,505 | -9.5% |
| Fixed assets | 21/28 | €58,165 | €55,536 | -€2,628 | -4.5% |
| Tangible fixed assets | 22/27 | €58,165 | €55,536 | -€2,628 | -4.5% |
| Plant, machinery and equipment | 23 | €58,165 | €48,128 | -€10,037 | -17.3% |
| Furniture and vehicles | 24 | - | €7,408 | +€7,408 | |
| Current assets | 29/58 | €156,685 | €138,808 | -€17,877 | -11.4% |
| Amounts receivable within one year | 40/41 | €46,837 | €14,289 | -€32,548 | -69.5% |
| Trade receivables | 40 | €19,978 | €10,097 | -€9,880 | -49.5% |
| Other amounts receivable | 41 | €26,859 | €4,192 | -€22,667 | -84.4% |
| Cash at bank and in hand | 54/58 | €107,849 | €122,513 | +€14,663 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,998 | €2,006 | +€8 | +0.4% |
| Total equity and liabilities | 10/49 | €214,849 | €194,344 | -€20,505 | -9.5% |
| Equity | 10/15 | €117,157 | €127,710 | +€10,552 | +9.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,500 | €124,000 | +€47,500 | +62.1% |
| Distributable reserves | 133 | €76,500 | €124,000 | +€47,500 | +62.1% |
| Profit (loss) carried forward | 14 | €37,657 | €710 | -€36,948 | -98.1% |
| Amounts payable | 17/49 | €97,692 | €66,634 | -€31,057 | -31.8% |
| Amounts payable after more than one year | 17 | €5,943 | - | -€5,943 | |
| Financial debts | 170/4 | €5,943 | - | -€5,943 | |
| Amounts payable within one year | 42/48 | €91,749 | €66,634 | -€25,114 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €18,779 | €5,943 | -€12,837 | -68.4% |
| Trade debts | 44 | €13,229 | €4,952 | -€8,277 | -62.6% |
| Suppliers | 440/4 | €13,229 | €4,952 | -€8,277 | -62.6% |
| Taxes, remuneration and social security | 45 | €7,740 | €18,739 | +€10,999 | +142% |
| Taxes | 450/3 | €7,740 | €18,739 | +€10,999 | +142% |
| Other amounts payable | 47/48 | €52,000 | €37,000 | -€15,000 | -28.8% |
| Remuneration, social security and pensions | 62 | €2,094 | €974 | -€1,120 | -53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,593 | €14,737 | -€3,856 | -20.7% |
| Other operating charges | 640/8 | €764 | €745 | -€19 | -2.5% |
| Gross operating margin | 9900 | €86,875 | €85,570 | -€1,305 | -1.5% |
| Operating profit (loss) | 9901 | €65,424 | €69,114 | +€3,690 | +5.6% |
| Financial income | 75/76B | €730 | €1,832 | +€1,102 | +151% |
| Recurring financial income | 75 | €729 | €1,329 | +€599 | +82.2% |
| Non-recurring financial income | 76B | €0 | €503 | +€503 | +102,598% |
| Financial charges | 65/66B | €1,213 | €1,832 | +€619 | +51.0% |
| Recurring financial charges | 65 | €1,213 | €549 | -€664 | -54.7% |
| Non-recurring financial charges | 66B | - | €1,282 | +€1,282 | |
| Profit (loss) for the period before taxes | 9903 | €64,941 | €69,114 | +€4,173 | +6.4% |
| Income taxes | 67/77 | €13,740 | €21,562 | +€7,821 | +56.9% |
| Profit (loss) for the period | 9904 | €51,201 | €47,552 | -€3,648 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,201 | €47,552 | -€3,648 | -7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.