THOMAS PIRAUX CONSTRUCT: 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.
THOMAS PIRAUX CONSTRUCT
Largest movements
- Receivables within one year +€170,640
up €170,640 (+1806.0%), from €9,448 to €180,088
of which Trade receivables: +€163,933
- Cash +€9,403
up €9,403 (+1152.9%), from €816 to €10,218
mainly Trade debts (+€118,892) and Accrued charges and deferred income (+€41,378)
- Deferred charges and accrued income +€7,869
up €7,869 (+1678.9%), from €469 to €8,337
- Trade debts +€118,892
up €118,892 (+7825.7%), from €1,519 to €120,411
- Accrued charges and deferred income +€41,378
new in 2025: €41,378
- Profit (loss) carried forward +€13,650
up €13,650 (+1942.0%), from €703 to €14,353
- Other debts +€6,000
new in 2025: €6,000
- Tax, wage and social debts +€4,095
up €4,095 (+468.8%), from €874 to €4,969
- Gross operating margin +€24,461
up €24,461, from -€2,560 to €21,901
- Taxes +€4,969
new in 2025: €4,969
- Financial charges +€1,754
up €1,754 (+2448.6%), from €72 to €1,825
- Other operating charges +€1,197
up €1,197 (+309.1%), from €387 to €1,585
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 | €11,096 | €199,007 | +€187,911 | +1693.6% |
| Fixed assets | 21/28 | €363 | €363 | = | 0.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €10,733 | €198,644 | +€187,911 | +1750.8% |
| Amounts receivable within one year | 40/41 | €9,448 | €180,088 | +€170,640 | +1806.0% |
| Trade receivables | 40 | €707 | €164,639 | +€163,933 | +23198.9% |
| Other amounts receivable | 41 | €8,742 | €15,449 | +€6,707 | +76.7% |
| Cash at bank and in hand | 54/58 | €816 | €10,218 | +€9,403 | +1152.9% |
| Deferred charges and accrued income | 490/1 | €469 | €8,337 | +€7,869 | +1678.9% |
| Total equity and liabilities | 10/49 | €11,096 | €199,007 | +€187,911 | +1693.6% |
| Equity | 10/15 | €8,703 | €22,353 | +€13,650 | +156.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €703 | €14,353 | +€13,650 | +1942.0% |
| Amounts payable | 17/49 | €2,393 | €176,654 | +€174,261 | +7282.8% |
| Amounts payable within one year | 42/48 | €2,393 | €135,276 | +€132,884 | +5553.5% |
| Trade debts | 44 | €1,519 | €120,411 | +€118,892 | +7825.7% |
| Suppliers | 440/4 | €1,519 | €120,411 | +€118,892 | +7825.7% |
| Advances received on contracts in progress | 46 | - | €3,897 | +€3,897 | |
| Taxes, remuneration and social security | 45 | €874 | €4,969 | +€4,095 | +468.8% |
| Taxes | 450/3 | €874 | €4,969 | +€4,095 | +468.8% |
| Other amounts payable | 47/48 | - | €6,000 | +€6,000 | |
| Accrued charges and deferred income | 492/3 | - | €41,378 | +€41,378 | |
| Other operating charges | 640/8 | €387 | €1,585 | +€1,197 | +309.1% |
| Gross operating margin | 9900 | -€2,560 | €21,901 | +€24,461 | |
| Operating profit (loss) | 9901 | -€2,948 | €20,316 | +€23,264 | |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €72 | €1,825 | +€1,754 | +2448.6% |
| Recurring financial charges | 65 | €72 | €1,825 | +€1,754 | +2448.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,019 | €18,619 | +€21,639 | |
| Income taxes | 67/77 | - | €4,969 | +€4,969 | |
| Profit (loss) for the period | 9904 | -€3,019 | €13,650 | +€16,670 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,019 | €13,650 | +€16,670 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.