PIROTECH: 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.
PIROTECH
Largest movements
- Financial fixed assets +€122,015
up €122,015 (+166%), from €73,535 to €195,550
- Cash +€94,037
up €94,037 (+62.3%), from €150,990 to €245,027
mainly Net result for the year (+€256,275) and Tax, wage and social debts (+€69,762)
- Receivables within one year +€59,332
up €59,332 (+162%), from €36,563 to €95,895
of which Other amounts receivable: +€72,813
- Tangible fixed assets +€11,958
up €11,958 (+4.3%), from €277,271 to €289,229
of which Land and buildings: +€12,683
- Reserves +€219,999
up €219,999 (+99.7%), from €220,704 to €440,703
of which Distributable reserves: +€219,999
- Tax, wage and social debts +€69,762
up €69,762 (+108%), from €64,839 to €134,601
of which Taxes: +€76,486
- Accrued charges and deferred income -€60,000
no longer reported in 2026 (was €60,000)
- Debts after one year +€43,025
up €43,025 (+50.6%), from €85,046 to €128,071
- Trade debts +€29,120
up €29,120 (+211%), from €13,782 to €42,902
- Gross operating margin +€245,036
up €245,036 (+116%), from €211,444 to €456,480
- Taxes +€96,518
up €96,518 (+412%), from €23,413 to €119,931
- Staff costs -€55,906
down €55,906 (-51.3%), from €109,009 to €53,103
- Depreciation +€5,675
up €5,675 (+36.8%), from €15,432 to €21,107
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €550,948 | €838,465 | +€287,517 | +52.2% |
| Fixed assets | 21/28 | €350,806 | €484,779 | +€133,973 | +38.2% |
| Tangible fixed assets | 22/27 | €277,271 | €289,229 | +€11,958 | +4.3% |
| Land and buildings | 22 | €275,229 | €287,912 | +€12,683 | +4.6% |
| Furniture and vehicles | 24 | €2,042 | €1,317 | -€725 | -35.5% |
| Financial fixed assets | 28 | €73,535 | €195,550 | +€122,015 | +166% |
| Current assets | 29/58 | €200,142 | €353,686 | +€153,544 | +76.7% |
| Amounts receivable within one year | 40/41 | €36,563 | €95,895 | +€59,332 | +162% |
| Trade receivables | 40 | €16,365 | €2,884 | -€13,481 | -82.4% |
| Other amounts receivable | 41 | €20,198 | €93,011 | +€72,813 | +360% |
| Cash at bank and in hand | 54/58 | €150,990 | €245,027 | +€94,037 | +62.3% |
| Deferred charges and accrued income | 490/1 | €12,589 | €12,764 | +€175 | +1.4% |
| Total equity and liabilities | 10/49 | €550,948 | €838,465 | +€287,517 | +52.2% |
| Equity | 10/15 | €284,905 | €504,904 | +€219,999 | +77.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,704 | €440,703 | +€219,999 | +99.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,004 | €9,004 | = | 0.0% |
| Distributable reserves | 133 | €209,840 | €429,839 | +€219,999 | +105% |
| Profit (loss) carried forward | 14 | €45,601 | €45,601 | = | 0.0% |
| Amounts payable | 17/49 | €266,043 | €333,561 | +€67,518 | +25.4% |
| Amounts payable after more than one year | 17 | €85,046 | €128,071 | +€43,025 | +50.6% |
| Financial debts | 170/4 | €85,046 | €128,071 | +€43,025 | +50.6% |
| Amounts payable within one year | 42/48 | €120,997 | €205,490 | +€84,493 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | €8,705 | €8,835 | +€130 | +1.5% |
| Trade debts | 44 | €13,782 | €42,902 | +€29,120 | +211% |
| Suppliers | 440/4 | €13,782 | €42,902 | +€29,120 | +211% |
| Taxes, remuneration and social security | 45 | €64,839 | €134,601 | +€69,762 | +108% |
| Taxes | 450/3 | €46,960 | €123,446 | +€76,486 | +163% |
| Remuneration and social security | 454/9 | €17,879 | €11,155 | -€6,724 | -37.6% |
| Other amounts payable | 47/48 | €33,671 | €19,152 | -€14,519 | -43.1% |
| Accrued charges and deferred income | 492/3 | €60,000 | - | -€60,000 | |
| Remuneration, social security and pensions | 62 | €109,009 | €53,103 | -€55,906 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,432 | €21,107 | +€5,675 | +36.8% |
| Other operating charges | 640/8 | €5,209 | €2,199 | -€3,010 | -57.8% |
| Gross operating margin | 9900 | €211,444 | €456,480 | +€245,036 | +116% |
| Operating profit (loss) | 9901 | €81,794 | €380,071 | +€298,277 | +365% |
| Financial income | 75/76B | €1,125 | €400 | -€725 | -64.4% |
| Recurring financial income | 75 | €1,125 | €400 | -€725 | -64.4% |
| Financial charges | 65/66B | €3,737 | €4,265 | +€528 | +14.1% |
| Recurring financial charges | 65 | €3,737 | €4,265 | +€528 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €79,182 | €376,206 | +€297,024 | +375% |
| Income taxes | 67/77 | €23,413 | €119,931 | +€96,518 | +412% |
| Profit (loss) for the period | 9904 | €55,769 | €256,275 | +€200,506 | +360% |
| Profit (loss) for the period to be appropriated | 9905 | €55,769 | €256,275 | +€200,506 | +360% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.