STATION PIRON: 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.
STATION PIRON
Largest movements
- Tangible fixed assets -€229,547
down €229,547 (-12.4%), from €1.9m to €1.6m
of which Land and buildings: -€127,189
- Receivables within one year -€169,816
down €169,816 (-16.3%), from €1.0m to €874,674
of which Trade receivables: -€171,610
- Stocks and contracts +€133,449
up €133,449 (+40.8%), from €326,807 to €460,256
- Cash +€48,184
up €48,184 (+64.2%), from €75,070 to €123,254
mainly Net result for the year (+€289,262) and Depreciation (+€237,027)
- Profit (loss) carried forward +€289,262
up €289,262 (+23.9%), from €1.2m to €1.5m
- Trade debts -€224,134
down €224,134 (-53.0%), from €422,499 to €198,365
- Debts after one year -€180,181
down €180,181 (-17.4%), from €1.0m to €858,052
- Other debts -€75,968
down €75,968 (-75.2%), from €101,060 to €25,092
- Short-term financial debts +€44,120
new in 2025: €44,120
- Other operating charges -€46,046
down €46,046 (-29.3%), from €157,380 to €111,334
- Gross operating margin +€26,869
up €26,869 (+3.7%), from €726,250 to €753,120
- Taxes +€13,435
up €13,435 (+16.2%), from €83,097 to €96,532
- Depreciation +€8,845
up €8,845 (+3.9%), from €228,182 to €237,027
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 | €3,305,308 | €3,087,818 | -€217,490 | -6.6% |
| Fixed assets | 21/28 | €1,856,291 | €1,626,743 | -€229,547 | -12.4% |
| Tangible fixed assets | 22/27 | €1,856,291 | €1,626,743 | -€229,547 | -12.4% |
| Land and buildings | 22 | €1,554,983 | €1,427,794 | -€127,189 | -8.2% |
| Plant, machinery and equipment | 23 | €293,435 | €194,046 | -€99,389 | -33.9% |
| Furniture and vehicles | 24 | €7,872 | €4,903 | -€2,970 | -37.7% |
| Current assets | 29/58 | €1,449,017 | €1,461,075 | +€12,058 | +0.8% |
| Stocks and contracts in progress | 3 | €326,807 | €460,256 | +€133,449 | +40.8% |
| Stocks | 30/36 | €326,807 | €460,256 | +€133,449 | +40.8% |
| Amounts receivable within one year | 40/41 | €1,044,489 | €874,674 | -€169,816 | -16.3% |
| Trade receivables | 40 | €458,119 | €286,510 | -€171,610 | -37.5% |
| Other amounts receivable | 41 | €586,370 | €588,164 | +€1,794 | +0.3% |
| Cash at bank and in hand | 54/58 | €75,070 | €123,254 | +€48,184 | +64.2% |
| Deferred charges and accrued income | 490/1 | €2,651 | €2,890 | +€240 | +9.0% |
| Total equity and liabilities | 10/49 | €3,305,308 | €3,087,818 | -€217,490 | -6.6% |
| Equity | 10/15 | €1,482,641 | €1,747,903 | +€265,262 | +17.9% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €164,860 | €140,860 | -€24,000 | -14.6% |
| Distributable reserves | 133 | €164,860 | €140,860 | -€24,000 | -14.6% |
| Profit (loss) carried forward | 14 | €1,209,181 | €1,498,443 | +€289,262 | +23.9% |
| Provisions and deferred taxes | 16 | €19,417 | €19,417 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,417 | €19,417 | = | 0.0% |
| Environmental obligations | 163 | €19,417 | €19,417 | = | 0.0% |
| Amounts payable | 17/49 | €1,803,250 | €1,320,499 | -€482,751 | -26.8% |
| Amounts payable after more than one year | 17 | €1,038,234 | €858,052 | -€180,181 | -17.4% |
| Financial debts | 170/4 | €1,038,234 | €858,052 | -€180,181 | -17.4% |
| Amounts payable within one year | 42/48 | €765,016 | €461,232 | -€303,785 | -39.7% |
| Current portion of amounts payable after more than one year | 42 | €198,813 | €177,106 | -€21,707 | -10.9% |
| Financial debts | 43 | - | €44,120 | +€44,120 | |
| Credit institutions | 430/8 | - | €44,120 | +€44,120 | |
| Trade debts | 44 | €422,499 | €198,365 | -€224,134 | -53.0% |
| Suppliers | 440/4 | €422,499 | €198,365 | -€224,134 | -53.0% |
| Taxes, remuneration and social security | 45 | €42,645 | €16,549 | -€26,096 | -61.2% |
| Taxes | 450/3 | €42,645 | €16,549 | -€26,096 | -61.2% |
| Other amounts payable | 47/48 | €101,060 | €25,092 | -€75,968 | -75.2% |
| Accrued charges and deferred income | 492/3 | - | €1,215 | +€1,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,182 | €237,027 | +€8,845 | +3.9% |
| Other operating charges | 640/8 | €157,380 | €111,334 | -€46,046 | -29.3% |
| Gross operating margin | 9900 | €726,250 | €753,120 | +€26,869 | +3.7% |
| Operating profit (loss) | 9901 | €340,689 | €404,759 | +€64,070 | +18.8% |
| Financial income | 75/76B | €16,337 | €18,663 | +€2,326 | +14.2% |
| Recurring financial income | 75 | €16,337 | €18,663 | +€2,326 | +14.2% |
| Financial charges | 65/66B | €31,212 | €37,628 | +€6,416 | +20.6% |
| Recurring financial charges | 65 | €31,041 | €37,410 | +€6,369 | +20.5% |
| Non-recurring financial charges | 66B | €172 | €218 | +€46 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €325,813 | €385,794 | +€59,980 | +18.4% |
| Income taxes | 67/77 | €83,097 | €96,532 | +€13,435 | +16.2% |
| Profit (loss) for the period | 9904 | €242,716 | €289,262 | +€46,546 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €242,716 | €289,262 | +€46,546 | +19.2% |
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 24 October 2026 via checked.be.