PIVOT interieur: what changed
What changed
PIVOT interieur
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€57,856
2024 · €13,866+€43,991
Equity
€74,717
2024 · €74,717
Cash
€172,875
2024 · €196,522-€23,646
Balance sheet total
€1.2m
2024 · €1.3m-€99,153
Largest movements
Assets
- Receivables within one year -€92,759
down €92,759 (-52.1%), from €178,088 to €85,329
of which Trade receivables: -€50,567
- Cash -€23,646
down €23,646 (-12.0%), from €196,522 to €172,875
mainly Investment in fixed assets (net) (-€103,193) and Debts after one year (-€87,683)
- Tangible fixed assets +€15,756
up €15,756 (+2.0%), from €774,390 to €790,146
of which Other tangible fixed assets: +€63,273
- Intangible fixed assets -€15,000
down €15,000 (-20.0%), from €75,164 to €60,164
Equity and liabilities
- Debts after one year -€87,683
down €87,683 (-9.0%), from €969,918 to €882,235
- Trade debts -€55,040
down €55,040 (-50.0%), from €110,053 to €55,013
- Other debts +€54,822
up €54,822 (+381%), from €14,397 to €69,219
Income statement
- Gross operating margin +€148,449
up €148,449 (+33.1%), from €448,280 to €596,729
- Staff costs +€72,397
up €72,397 (+23.2%), from €312,411 to €384,808
- Depreciation +€23,430
up €23,430 (+29.7%), from €79,007 to €102,437
- Taxes +€9,679
up €9,679 (+185%), from €5,241 to €14,920
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.
Result 2024
€13,866
Gross operating margin
+€148,449
Staff costs
-€72,397
Depreciation
-€23,430
Other operating charges
-€36
Financial income
+€2,261
Financial charges
-€1,178
Taxes
-€9,679
Result 2025
€57,856
raises the resultlowers the result
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.
From operations
+€225,712
Investment
-€103,193
Financing
-€146,165
Cash 2024
€196,522
From operations (derived)
+€225,712
Net result for the year
+€57,856
Depreciation
+€102,437
Stocks and contracts
-€12,280
Receivables within one year
+€92,759
Deferred charges and accrued income
-€4,216
Trade debts
-€55,040
Tax, wage and social debts
-€9,923
Other debts
+€54,822
Accrued charges and deferred income
-€704
Investment (derived)
-€103,193
Investment in fixed assets (net)
-€103,193
Financing
-€146,165
Debts after one year
-€87,683
Current portion of long-term debt
-€626
Contributions, distributions and other
-€57,856
Cash 2025
€172,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,279,363 | €1,180,210 | -€99,153 | -7.8% |
| Fixed assets | 21/28 | €849,555 | €850,311 | +€756 | +0.1% |
| Intangible fixed assets | 21 | €75,164 | €60,164 | -€15,000 | -20.0% |
| Tangible fixed assets | 22/27 | €774,390 | €790,146 | +€15,756 | +2.0% |
| Land and buildings | 22 | €511,721 | €491,721 | -€20,000 | -3.9% |
| Plant, machinery and equipment | 23 | €108,535 | €92,711 | -€15,824 | -14.6% |
| Furniture and vehicles | 24 | €27,184 | €15,491 | -€11,693 | -43.0% |
| Other tangible fixed assets | 26 | €126,950 | €190,224 | +€63,273 | +49.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €429,808 | €329,899 | -€99,909 | -23.2% |
| Stocks and contracts in progress | 3 | €49,033 | €61,313 | +€12,280 | +25.0% |
| Stocks | 30/36 | €49,033 | €61,313 | +€12,280 | +25.0% |
| Amounts receivable within one year | 40/41 | €178,088 | €85,329 | -€92,759 | -52.1% |
| Trade receivables | 40 | €122,778 | €72,211 | -€50,567 | -41.2% |
| Other amounts receivable | 41 | €55,310 | €13,118 | -€42,191 | -76.3% |
| Cash at bank and in hand | 54/58 | €196,522 | €172,875 | -€23,646 | -12.0% |
| Deferred charges and accrued income | 490/1 | €6,166 | €10,382 | +€4,216 | +68.4% |
| Total equity and liabilities | 10/49 | €1,279,363 | €1,180,210 | -€99,153 | -7.8% |
| Equity | 10/15 | €74,717 | €74,717 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €64,717 | €64,717 | = | 0.0% |
| Distributable reserves | 133 | €64,717 | €64,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,204,646 | €1,105,493 | -€99,153 | -8.2% |
| Amounts payable after more than one year | 17 | €969,918 | €882,235 | -€87,683 | -9.0% |
| Financial debts | 170/4 | €969,918 | €882,235 | -€87,683 | -9.0% |
| Amounts payable within one year | 42/48 | €234,024 | €223,258 | -€10,767 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €88,309 | €87,683 | -€626 | -0.7% |
| Trade debts | 44 | €110,053 | €55,013 | -€55,040 | -50.0% |
| Suppliers | 440/4 | €110,053 | €55,013 | -€55,040 | -50.0% |
| Taxes, remuneration and social security | 45 | €21,266 | €11,343 | -€9,923 | -46.7% |
| Taxes | 450/3 | €3,502 | €3,248 | -€254 | -7.2% |
| Remuneration and social security | 454/9 | €17,764 | €8,095 | -€9,669 | -54.4% |
| Other amounts payable | 47/48 | €14,397 | €69,219 | +€54,822 | +381% |
| Accrued charges and deferred income | 492/3 | €704 | €0 | -€704 | -100% |
| Remuneration, social security and pensions | 62 | €312,411 | €384,808 | +€72,397 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,007 | €102,437 | +€23,430 | +29.7% |
| Other operating charges | 640/8 | €5,759 | €5,795 | +€36 | +0.6% |
| Gross operating margin | 9900 | €448,280 | €596,729 | +€148,449 | +33.1% |
| Operating profit (loss) | 9901 | €51,104 | €103,690 | +€52,586 | +103% |
| Financial income | 75/76B | €6,878 | €9,139 | +€2,261 | +32.9% |
| Recurring financial income | 75 | €6,878 | €9,139 | +€2,261 | +32.9% |
| Financial charges | 65/66B | €38,876 | €40,053 | +€1,178 | +3.0% |
| Recurring financial charges | 65 | €38,876 | €40,053 | +€1,178 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €19,106 | €72,776 | +€53,670 | +281% |
| Income taxes | 67/77 | €5,241 | €14,920 | +€9,679 | +185% |
| Profit (loss) for the period | 9904 | €13,866 | €57,856 | +€43,991 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €13,866 | €57,856 | +€43,991 | +317% |
Next steps
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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 1 November 2026 via checked.be.