PIRRELLO CONSTRUCTION: 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.
PIRRELLO CONSTRUCTION
Largest movements
- Cash -€19,723
down €19,723 (-73.2%), from €26,946 to €7,223
mainly Receivables within one year (-€12,306) and Investment in fixed assets (net) (-€11,263)
- Receivables within one year +€12,306
up €12,306 (+37.1%), from €33,183 to €45,490
of which Other amounts receivable: +€13,604
- Deferred charges and accrued income -€1,481
down €1,481 (-86.5%), from €1,712 to €232
- Trade debts -€10,039
down €10,039 (-86.6%), from €11,595 to €1,556
- Short-term financial debts +€5,319
new in 2025: €5,319
- Tax, wage and social debts -€2,805
down €2,805 (-41.2%), from €6,807 to €4,002
- Other debts -€2,189
no longer reported in 2025 (was €2,189)
- Gross operating margin -€42,749
down €42,749 (-74.3%), from €57,536 to €14,787
- Taxes -€6,518
down €6,518 (-85.8%), from €7,597 to €1,079
- Depreciation -€2,757
down €2,757 (-19.3%), from €14,271 to €11,513
- Other operating charges +€823
up €823 (+78.3%), from €1,051 to €1,875
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 | €83,741 | €74,593 | -€9,148 | -10.9% |
| Fixed assets | 21/28 | €21,899 | €21,649 | -€251 | -1.1% |
| Tangible fixed assets | 22/27 | €21,899 | €21,649 | -€251 | -1.1% |
| Plant, machinery and equipment | 23 | - | €1,263 | +€1,263 | |
| Furniture and vehicles | 24 | €21,899 | €20,386 | -€1,513 | -6.9% |
| Current assets | 29/58 | €61,841 | €52,944 | -€8,897 | -14.4% |
| Amounts receivable within one year | 40/41 | €33,183 | €45,490 | +€12,306 | +37.1% |
| Trade receivables | 40 | €32,782 | €31,485 | -€1,297 | -4.0% |
| Other amounts receivable | 41 | €401 | €14,005 | +€13,604 | +3,391% |
| Cash at bank and in hand | 54/58 | €26,946 | €7,223 | -€19,723 | -73.2% |
| Deferred charges and accrued income | 490/1 | €1,712 | €232 | -€1,481 | -86.5% |
| Total equity and liabilities | 10/49 | €83,741 | €74,593 | -€9,148 | -10.9% |
| Equity | 10/15 | €63,150 | €63,716 | +€566 | +0.9% |
| Contributions | 10/11 | €55,500 | €55,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,650 | €8,216 | +€566 | +7.4% |
| Amounts payable | 17/49 | €20,591 | €10,877 | -€9,714 | -47.2% |
| Amounts payable within one year | 42/48 | €20,591 | €10,877 | -€9,714 | -47.2% |
| Financial debts | 43 | - | €5,319 | +€5,319 | |
| Credit institutions | 430/8 | - | €5,319 | +€5,319 | |
| Trade debts | 44 | €11,595 | €1,556 | -€10,039 | -86.6% |
| Suppliers | 440/4 | €11,595 | €1,556 | -€10,039 | -86.6% |
| Taxes, remuneration and social security | 45 | €6,807 | €4,002 | -€2,805 | -41.2% |
| Taxes | 450/3 | €6,807 | €4,002 | -€2,805 | -41.2% |
| Other amounts payable | 47/48 | €2,189 | - | -€2,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,271 | €11,513 | -€2,757 | -19.3% |
| Other operating charges | 640/8 | €1,051 | €1,875 | +€823 | +78.3% |
| Gross operating margin | 9900 | €57,536 | €14,787 | -€42,749 | -74.3% |
| Operating profit (loss) | 9901 | €42,214 | €1,399 | -€40,814 | -96.7% |
| Financial income | 75/76B | - | €507 | +€507 | |
| Recurring financial income | 75 | - | €507 | +€507 | |
| Financial charges | 65/66B | €156 | €261 | +€105 | +67.2% |
| Recurring financial charges | 65 | €156 | €261 | +€105 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €42,058 | €1,645 | -€40,412 | -96.1% |
| Income taxes | 67/77 | €7,597 | €1,079 | -€6,518 | -85.8% |
| Profit (loss) for the period | 9904 | €34,461 | €566 | -€33,894 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,461 | €566 | -€33,894 | -98.4% |
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 17 October 2026 via checked.be.