Simon PIETTE: 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.
Simon PIETTE
Largest movements
- Tangible fixed assets +€218,387
up €218,387 (+22.8%), from €956,856 to €1.2m
of which Land and buildings: +€167,831
- Cash -€127,431
down €127,431 (-92.1%), from €138,337 to €10,906
mainly Investment in fixed assets (net) (-€260,171) and Other debts (-€207,785)
- Debts after one year +€289,960
up €289,960 (+50.7%), from €571,460 to €861,421
- Other debts -€207,785
down €207,785 (-40.9%), from €508,028 to €300,243
- Gross operating margin +€46,185
up €46,185 (+4240.2%), from €1,089 to €47,274
- Depreciation +€41,783
new in 2025: €41,783
- Turnover +€35,545
up €35,545 (+34.0%), from €104,569 to €140,114
- Purchases and services -€10,640
down €10,640 (-10.3%), from €103,480 to €92,840
- Financial charges +€8,771
up €8,771 (+223.2%), from €3,930 to €12,701
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 | €1,097,617 | €1,186,649 | +€89,032 | +8.1% |
| Fixed assets | 21/28 | €957,356 | €1,175,744 | +€218,387 | +22.8% |
| Tangible fixed assets | 22/27 | €956,856 | €1,175,244 | +€218,387 | +22.8% |
| Land and buildings | 22 | €956,856 | €1,124,687 | +€167,831 | +17.5% |
| Plant, machinery and equipment | 23 | - | €46,784 | +€46,784 | |
| Furniture and vehicles | 24 | - | €3,773 | +€3,773 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €140,261 | €10,906 | -€129,356 | -92.2% |
| Amounts receivable within one year | 40/41 | €1,925 | - | -€1,925 | |
| Other amounts receivable | 41 | €1,925 | - | -€1,925 | |
| Cash at bank and in hand | 54/58 | €138,337 | €10,906 | -€127,431 | -92.1% |
| Total equity and liabilities | 10/49 | €1,097,617 | €1,186,649 | +€89,032 | +8.1% |
| Equity | 10/15 | -€5,222 | -€13,901 | -€8,679 | -166.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,822 | -€32,501 | -€8,679 | -36.4% |
| Provisions and deferred taxes | 16 | - | €3,000 | +€3,000 | |
| Provisions for liabilities and charges | 160/5 | - | €3,000 | +€3,000 | |
| Other liabilities and charges | 164/5 | - | €3,000 | +€3,000 | |
| Amounts payable | 17/49 | €1,102,839 | €1,197,550 | +€94,711 | +8.6% |
| Amounts payable after more than one year | 17 | €571,460 | €861,421 | +€289,960 | +50.7% |
| Financial debts | 170/4 | €571,460 | €861,421 | +€289,960 | +50.7% |
| Amounts payable within one year | 42/48 | €529,979 | €336,130 | -€193,849 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €20,206 | €30,544 | +€10,338 | +51.2% |
| Trade debts | 44 | €1,745 | €5,343 | +€3,598 | +206.2% |
| Suppliers | 440/4 | €1,745 | €5,343 | +€3,598 | +206.2% |
| Other amounts payable | 47/48 | €508,028 | €300,243 | -€207,785 | -40.9% |
| Accrued charges and deferred income | 492/3 | €1,400 | - | -€1,400 | |
| Turnover | 70 | €104,569 | €140,114 | +€35,545 | +34.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,480 | €92,840 | -€10,640 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €41,783 | +€41,783 | |
| Other operating charges | 640/8 | €3,657 | €1,469 | -€2,188 | -59.8% |
| Gross operating margin | 9900 | €1,089 | €47,274 | +€46,185 | +4240.2% |
| Operating profit (loss) | 9901 | -€2,568 | €4,022 | +€6,590 | |
| Financial charges | 65/66B | €3,930 | €12,701 | +€8,771 | +223.2% |
| Recurring financial charges | 65 | €3,930 | €12,701 | +€8,771 | +223.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,498 | -€8,679 | -€2,181 | -33.6% |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€6,574 | -€8,679 | -€2,106 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,574 | -€8,679 | -€2,106 | -32.0% |
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 9 October 2026 via checked.be.