PS Pierre: 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.
PS Pierre
Largest movements
- Cash +€56,106
up €56,106 (+270.8%), from €20,720 to €76,826
mainly Net result for the year (+€55,187) and Depreciation (+€42,055)
- Stocks and contracts +€26,949
up €26,949 (+32.1%), from €83,843 to €110,793
of which Stocks: +€42,011
- Tangible fixed assets -€19,749
down €19,749 (-18.7%), from €105,788 to €86,039
of which Plant, machinery and equipment: -€14,965
- Intangible fixed assets -€7,000
down €7,000 (-27.9%), from €25,083 to €18,083
- Reserves +€22,235
up €22,235 (+136.6%), from €16,272 to €38,506
of which Tax-exempt reserves: +€22,235
- Profit (loss) carried forward +€18,952
up €18,952 (+249.5%), from €7,598 to €26,550
- Trade debts -€14,551
down €14,551 (-27.2%), from €53,464 to €38,913
- Other debts +€12,612
up €12,612 (+55.4%), from €22,751 to €35,363
- Tax, wage and social debts +€9,684
up €9,684 (+53.1%), from €18,249 to €27,934
of which Taxes: +€11,436
- Gross operating margin +€84,507
up €84,507 (+76.5%), from €110,465 to €194,973
- Depreciation +€13,917
up €13,917 (+49.5%), from €28,138 to €42,055
- Taxes +€6,529
up €6,529 (+2567.3%), from €254 to €6,784
- Financial charges +€3,171
up €3,171 (+24.9%), from €12,744 to €15,915
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 | €284,387 | €342,978 | +€58,591 | +20.6% |
| Fixed assets | 21/28 | €131,076 | €104,327 | -€26,749 | -20.4% |
| Intangible fixed assets | 21 | €25,083 | €18,083 | -€7,000 | -27.9% |
| Tangible fixed assets | 22/27 | €105,788 | €86,039 | -€19,749 | -18.7% |
| Land and buildings | 22 | €14,495 | €13,723 | -€773 | -5.3% |
| Plant, machinery and equipment | 23 | €78,745 | €63,780 | -€14,965 | -19.0% |
| Furniture and vehicles | 24 | €12,547 | €8,536 | -€4,011 | -32.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €153,311 | €238,651 | +€85,340 | +55.7% |
| Stocks and contracts in progress | 3 | €83,843 | €110,793 | +€26,949 | +32.1% |
| Stocks | 30/36 | €45,214 | €87,225 | +€42,011 | +92.9% |
| Contracts in progress | 37 | €38,629 | €23,568 | -€15,061 | -39.0% |
| Amounts receivable within one year | 40/41 | €45,316 | €48,181 | +€2,864 | +6.3% |
| Trade receivables | 40 | €44,507 | €47,665 | +€3,158 | +7.1% |
| Other amounts receivable | 41 | €809 | €515 | -€294 | -36.3% |
| Cash at bank and in hand | 54/58 | €20,720 | €76,826 | +€56,106 | +270.8% |
| Deferred charges and accrued income | 490/1 | €3,432 | €2,852 | -€579 | -16.9% |
| Total equity and liabilities | 10/49 | €284,387 | €342,978 | +€58,591 | +20.6% |
| Equity | 10/15 | €30,069 | €71,256 | +€41,187 | +137.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,272 | €38,506 | +€22,235 | +136.6% |
| Tax-exempt reserves | 132 | - | €22,235 | +€22,235 | |
| Distributable reserves | 133 | €16,272 | €16,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,598 | €26,550 | +€18,952 | +249.5% |
| Provisions and deferred taxes | 16 | - | €7,412 | +€7,412 | |
| Deferred taxes | 168 | - | €7,412 | +€7,412 | |
| Amounts payable | 17/49 | €254,318 | €264,310 | +€9,992 | +3.9% |
| Amounts payable after more than one year | 17 | €110,783 | €111,719 | +€937 | +0.8% |
| Financial debts | 170/4 | €110,783 | €111,719 | +€937 | +0.8% |
| Amounts payable within one year | 42/48 | €143,535 | €152,136 | +€8,601 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €49,071 | €49,925 | +€855 | +1.7% |
| Trade debts | 44 | €53,464 | €38,913 | -€14,551 | -27.2% |
| Suppliers | 440/4 | €53,464 | €38,913 | -€14,551 | -27.2% |
| Taxes, remuneration and social security | 45 | €18,249 | €27,934 | +€9,684 | +53.1% |
| Taxes | 450/3 | €7,971 | €19,407 | +€11,436 | +143.5% |
| Remuneration and social security | 454/9 | €10,278 | €8,526 | -€1,752 | -17.0% |
| Other amounts payable | 47/48 | €22,751 | €35,363 | +€12,612 | +55.4% |
| Accrued charges and deferred income | 492/3 | - | €455 | +€455 | |
| Non-recurring operating income | 76A | - | €29,646 | +€29,646 | |
| Remuneration, social security and pensions | 62 | €64,783 | €64,253 | -€530 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,138 | €42,055 | +€13,917 | +49.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€94 | - | +€94 | |
| Other operating charges | 640/8 | €6,407 | €5,096 | -€1,311 | -20.5% |
| Gross operating margin | 9900 | €110,465 | €194,973 | +€84,507 | +76.5% |
| Operating profit (loss) | 9901 | €11,231 | €83,569 | +€72,338 | +644.1% |
| Financial income | 75/76B | €1,408 | €1,728 | +€320 | +22.7% |
| Recurring financial income | 75 | €1,408 | €1,728 | +€320 | +22.7% |
| Financial charges | 65/66B | €12,744 | €15,915 | +€3,171 | +24.9% |
| Recurring financial charges | 65 | €12,744 | €15,915 | +€3,171 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | -€104 | €69,383 | +€69,487 | |
| Transfer to deferred taxes | 680 | - | €7,412 | +€7,412 | |
| Income taxes | 67/77 | €254 | €6,784 | +€6,529 | +2567.3% |
| Profit (loss) for the period | 9904 | -€358 | €55,187 | +€55,546 | |
| Transfer to tax-exempt reserves | 689 | - | €22,235 | +€22,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€358 | €32,952 | +€33,311 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.