PIRROEN: 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.
PIRROEN
Largest movements
- Cash -€21,922
down €21,922 (-75.3%), from €29,128 to €7,206
mainly Trade debts (-€23,675) and Net result for the year (-€10,925)
- Receivables within one year -€17,889
down €17,889 (-14.8%), from €120,699 to €102,810
of which Trade receivables: -€20,012
- Stocks and contracts +€3,001
up €3,001 (+5.3%), from €56,521 to €59,523
- Trade debts -€23,675
down €23,675 (-86.9%), from €27,257 to €3,582
- Profit (loss) carried forward -€10,925
down €10,925 (-11.1%), from €98,765 to €87,840
- Tax, wage and social debts -€5,766
down €5,766 (-13.3%), from €43,294 to €37,528
of which Remuneration and social security: -€5,766
- Gross operating margin -€248,677
down €248,677, from €242,172 to -€6,505
- Taxes -€37,412
no longer reported in 2026 (was €37,412)
- Financial charges -€22,864
down €22,864 (-93.5%), from €24,443 to €1,579
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 | €222,830 | €182,464 | -€40,366 | -18.1% |
| Fixed assets | 21/28 | €14,862 | €12,926 | -€1,936 | -13.0% |
| Tangible fixed assets | 22/27 | €14,291 | €12,755 | -€1,536 | -10.8% |
| Land and buildings | 22 | €13,547 | €12,311 | -€1,236 | -9.1% |
| Plant, machinery and equipment | 23 | €584 | €444 | -€141 | -24.1% |
| Furniture and vehicles | 24 | €159 | - | -€159 | |
| Financial fixed assets | 28 | €571 | €171 | -€400 | -70.0% |
| Current assets | 29/58 | €207,968 | €169,538 | -€38,430 | -18.5% |
| Stocks and contracts in progress | 3 | €56,521 | €59,523 | +€3,001 | +5.3% |
| Stocks | 30/36 | €56,521 | €59,523 | +€3,001 | +5.3% |
| Amounts receivable within one year | 40/41 | €120,699 | €102,810 | -€17,889 | -14.8% |
| Trade receivables | 40 | €100,067 | €80,055 | -€20,012 | -20.0% |
| Other amounts receivable | 41 | €20,633 | €22,755 | +€2,123 | +10.3% |
| Cash at bank and in hand | 54/58 | €29,128 | €7,206 | -€21,922 | -75.3% |
| Deferred charges and accrued income | 490/1 | €1,620 | - | -€1,620 | |
| Total equity and liabilities | 10/49 | €222,830 | €182,464 | -€40,366 | -18.1% |
| Equity | 10/15 | €152,279 | €141,354 | -€10,925 | -7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,922 | €34,922 | = | 0.0% |
| Distributable reserves | 133 | €34,922 | €34,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,765 | €87,840 | -€10,925 | -11.1% |
| Amounts payable | 17/49 | €70,551 | €41,110 | -€29,441 | -41.7% |
| Amounts payable within one year | 42/48 | €70,551 | €41,110 | -€29,441 | -41.7% |
| Trade debts | 44 | €27,257 | €3,582 | -€23,675 | -86.9% |
| Suppliers | 440/4 | €27,257 | €3,582 | -€23,675 | -86.9% |
| Taxes, remuneration and social security | 45 | €43,294 | €37,528 | -€5,766 | -13.3% |
| Taxes | 450/3 | €37,528 | €37,528 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,766 | - | -€5,766 | |
| Non-recurring operating income | 76A | €286,019 | - | -€286,019 | |
| Remuneration, social security and pensions | 62 | €171 | - | -€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €1,668 | +€28 | +1.7% |
| Other operating charges | 640/8 | €3,420 | €1,199 | -€2,221 | -64.9% |
| Gross operating margin | 9900 | €242,172 | -€6,505 | -€248,677 | |
| Operating profit (loss) | 9901 | €236,942 | -€9,372 | -€246,314 | |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €24,443 | €1,579 | -€22,864 | -93.5% |
| Recurring financial charges | 65 | €24,443 | €1,579 | -€22,864 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €212,499 | -€10,925 | -€223,424 | |
| Income taxes | 67/77 | €37,412 | - | -€37,412 | |
| Profit (loss) for the period | 9904 | €175,087 | -€10,925 | -€186,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €175,087 | -€10,925 | -€186,013 |
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 18 October 2026 via checked.be.