PROMO-PIGNON: 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.
PROMO-PIGNON
Largest movements
- Tangible fixed assets -€22,230
down €22,230 (-11.9%), from €186,911 to €164,682
of which Plant, machinery and equipment: -€13,718
- Cash -€11,468
down €11,468 (-3.0%), from €382,828 to €371,360
mainly Net result for the year (-€45,370) and Investment in fixed assets (net) (-€10,082)
- Receivables within one year -€10,018
down €10,018 (-23.0%), from €43,549 to €33,531
of which Other amounts receivable: -€15,031
- Profit (loss) carried forward -€45,370
down €45,370 (-27.2%), from €167,033 to €121,663
- Gross operating margin -€40,385
down €40,385, from €24,767 to -€15,618
- Depreciation +€14,626
up €14,626 (+81.1%), from €18,037 to €32,662
- Financial income -€1,451
down €1,451 (-21.8%), from €6,660 to €5,209
- Other operating charges -€573
down €573 (-59.7%), from €960 to €387
- Financial charges -€452
down €452 (-82.6%), from €548 to €96
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 | €684,605 | €640,538 | -€44,067 | -6.4% |
| Formation expenses | 20 | €2,513 | €2,162 | -€351 | -14.0% |
| Fixed assets | 21/28 | €186,911 | €164,682 | -€22,230 | -11.9% |
| Tangible fixed assets | 22/27 | €186,911 | €164,682 | -€22,230 | -11.9% |
| Plant, machinery and equipment | 23 | €119,146 | €105,428 | -€13,718 | -11.5% |
| Furniture and vehicles | 24 | €67,765 | €59,253 | -€8,512 | -12.6% |
| Current assets | 29/58 | €495,181 | €473,694 | -€21,486 | -4.3% |
| Stocks and contracts in progress | 3 | €68,804 | €68,804 | = | 0.0% |
| Stocks | 30/36 | €68,804 | €68,804 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,549 | €33,531 | -€10,018 | -23.0% |
| Trade receivables | 40 | €28,038 | €33,051 | +€5,013 | +17.9% |
| Other amounts receivable | 41 | €15,511 | €479 | -€15,031 | -96.9% |
| Cash at bank and in hand | 54/58 | €382,828 | €371,360 | -€11,468 | -3.0% |
| Total equity and liabilities | 10/49 | €684,605 | €640,538 | -€44,067 | -6.4% |
| Equity | 10/15 | €658,900 | €613,530 | -€45,370 | -6.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €471,867 | €471,867 | = | 0.0% |
| Distributable reserves | 133 | €471,867 | €471,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,033 | €121,663 | -€45,370 | -27.2% |
| Amounts payable | 17/49 | €25,705 | €27,008 | +€1,303 | +5.1% |
| Amounts payable within one year | 42/48 | €25,705 | €27,008 | +€1,303 | +5.1% |
| Trade debts | 44 | €5,203 | €5,937 | +€735 | +14.1% |
| Suppliers | 440/4 | €5,203 | €5,937 | +€735 | +14.1% |
| Taxes, remuneration and social security | 45 | - | €254 | +€254 | |
| Taxes | 450/3 | - | €254 | +€254 | |
| Other amounts payable | 47/48 | €20,502 | €20,817 | +€315 | +1.5% |
| Non-recurring operating income | 76A | €17,348 | - | -€17,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,037 | €32,662 | +€14,626 | +81.1% |
| Other operating charges | 640/8 | €960 | €387 | -€573 | -59.7% |
| Gross operating margin | 9900 | €24,767 | -€15,618 | -€40,385 | |
| Operating profit (loss) | 9901 | €5,770 | -€48,667 | -€54,437 | |
| Financial income | 75/76B | €6,660 | €5,209 | -€1,451 | -21.8% |
| Recurring financial income | 75 | €6,660 | €5,209 | -€1,451 | -21.8% |
| Financial charges | 65/66B | €548 | €96 | -€452 | -82.6% |
| Recurring financial charges | 65 | €548 | €96 | -€452 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | €11,883 | -€43,553 | -€55,436 | |
| Income taxes | 67/77 | €1,872 | €1,817 | -€55 | -2.9% |
| Profit (loss) for the period | 9904 | €10,011 | -€45,370 | -€55,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,011 | -€45,370 | -€55,381 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.