PIRSON: what changed
Two fiscal 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.
PIRSON
Largest movements
- Tangible fixed assets -€147,096
down €147,096 (-6.3%), from €2.3m to €2.2m
- Cash +€43,828
up €43,828 (+140.8%), from €31,129 to €74,957
mainly Net result for the year (+€208,218) and Depreciation (+€109,988)
- Other debts -€312,754
down €312,754 (-45.1%), from €693,413 to €380,659
- Reserves +€182,898
up €182,898 (+63.7%), from €287,143 to €470,041
of which Distributable reserves: +€191,243
- Debts after one year -€90,991
down €90,991 (-9.0%), from €1.0m to €917,127
- Tax, wage and social debts +€85,762
new in 2025: €85,762
- Profit (loss) carried forward +€25,320
no longer reported in 2025 (was -€25,320)
- Gross operating margin +€310,701
up €310,701 (+153.1%), from €202,964 to €513,665
- Taxes +€95,762
new in 2025: €95,762
- Financial charges +€24,701
up €24,701 (+133.7%), from €18,477 to €43,178
- Write-downs +€8,678
up €8,678, from -€4,104 to €4,574
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.
Cash bridge derived
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 | €2,373,377 | €2,268,857 | -€104,520 | -4.4% |
| Fixed assets | 21/28 | €2,324,113 | €2,177,017 | -€147,096 | -6.3% |
| Tangible fixed assets | 22/27 | €2,322,732 | €2,175,636 | -€147,096 | -6.3% |
| Land and buildings | 22 | €2,322,732 | €2,175,636 | -€147,096 | -6.3% |
| Financial fixed assets | 28 | €1,381 | €1,381 | = | 0.0% |
| Current assets | 29/58 | €49,264 | €91,840 | +€42,576 | +86.4% |
| Amounts receivable within one year | 40/41 | €13,790 | €10,886 | -€2,904 | -21.1% |
| Trade receivables | 40 | €4,790 | €1,886 | -€2,904 | -60.6% |
| Other amounts receivable | 41 | €9,000 | €9,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,129 | €74,957 | +€43,828 | +140.8% |
| Deferred charges and accrued income | 490/1 | €4,344 | €5,997 | +€1,653 | +38.0% |
| Total equity and liabilities | 10/49 | €2,373,377 | €2,268,857 | -€104,520 | -4.4% |
| Equity | 10/15 | €471,823 | €680,041 | +€208,218 | +44.1% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €287,143 | €470,041 | +€182,898 | +63.7% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €200,539 | €192,193 | -€8,345 | -4.2% |
| Distributable reserves | 133 | €65,604 | €256,847 | +€191,243 | +291.5% |
| Profit (loss) carried forward | 14 | -€25,320 | - | +€25,320 | |
| Provisions and deferred taxes | 16 | €103,262 | €98,965 | -€4,297 | -4.2% |
| Deferred taxes | 168 | €103,262 | €98,965 | -€4,297 | -4.2% |
| Amounts payable | 17/49 | €1,798,292 | €1,489,851 | -€308,441 | -17.2% |
| Amounts payable after more than one year | 17 | €1,008,118 | €917,127 | -€90,991 | -9.0% |
| Financial debts | 170/4 | €1,008,118 | €917,127 | -€90,991 | -9.0% |
| Amounts payable within one year | 42/48 | €790,174 | €572,725 | -€217,449 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €87,442 | €90,991 | +€3,550 | +4.1% |
| Trade debts | 44 | €9,319 | €15,312 | +€5,993 | +64.3% |
| Suppliers | 440/4 | €9,319 | €15,312 | +€5,993 | +64.3% |
| Taxes, remuneration and social security | 45 | - | €85,762 | +€85,762 | |
| Taxes | 450/3 | - | €85,762 | +€85,762 | |
| Other amounts payable | 47/48 | €693,413 | €380,659 | -€312,754 | -45.1% |
| Non-recurring operating income | 76A | - | €213,994 | +€213,994 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,300 | €109,988 | -€312 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,104 | €4,574 | +€8,678 | |
| Other operating charges | 640/8 | €50,139 | €53,541 | +€3,402 | +6.8% |
| Non-recurring operating charges | 66A | €8,477 | €2,704 | -€5,774 | -68.1% |
| Gross operating margin | 9900 | €202,964 | €513,665 | +€310,701 | +153.1% |
| Operating profit (loss) | 9901 | €38,152 | €342,859 | +€304,707 | +798.7% |
| Financial income | 75/76B | €34 | €1 | -€33 | -96.5% |
| Recurring financial income | 75 | €34 | €1 | -€33 | -96.5% |
| Financial charges | 65/66B | €18,477 | €43,178 | +€24,701 | +133.7% |
| Recurring financial charges | 65 | €18,477 | €43,178 | +€24,701 | +133.7% |
| Profit (loss) for the period before taxes | 9903 | €19,709 | €299,682 | +€279,973 | +1420.6% |
| Transfer from deferred taxes | 780 | €4,297 | €4,297 | = | 0.0% |
| Income taxes | 67/77 | - | €95,762 | +€95,762 | |
| Profit (loss) for the period | 9904 | €24,006 | €208,218 | +€184,212 | +767.4% |
| Transfer from tax-exempt reserves | 789 | €8,345 | €8,345 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,351 | €216,563 | +€184,212 | +569.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.