VINCENT 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.
VINCENT PIRON
Largest movements
- Current investments -€166,603
down €166,603 (-17.8%), from €936,595 to €769,992
- Tangible fixed assets -€21,714
down €21,714 (-58.2%), from €37,280 to €15,566
of which Furniture and vehicles: -€20,820
- Reserves -€335,285
down €335,285 (-38.3%), from €874,890 to €539,605
of which Distributable reserves: -€335,285
- Other debts +€128,357
up €128,357 (+3,769%), from €3,406 to €131,762
- Accrued charges and deferred income +€27,944
up €27,944 (+68.0%), from €41,088 to €69,031
- Gross operating margin -€119,213
down €119,213, from €104,543 to -€14,670
- Taxes -€18,475
down €18,475 (-99.3%), from €18,607 to €132
- Financial income +€16,549
up €16,549 (+62.5%), from €26,480 to €43,029
- Depreciation -€4,204
down €4,204 (-15.5%), from €27,074 to €22,870
- Other operating charges -€1,612
down €1,612 (-59.0%), from €2,732 to €1,120
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,599 | €835,170 | -€175,429 | -17.4% |
| Fixed assets | 21/28 | €39,680 | €17,966 | -€21,714 | -54.7% |
| Tangible fixed assets | 22/27 | €37,280 | €15,566 | -€21,714 | -58.2% |
| Furniture and vehicles | 24 | €34,597 | €13,777 | -€20,820 | -60.2% |
| Other tangible fixed assets | 26 | €2,684 | €1,789 | -€894 | -33.3% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €970,919 | €817,204 | -€153,715 | -15.8% |
| Amounts receivable within one year | 40/41 | €14,006 | €21,022 | +€7,015 | +50.1% |
| Other amounts receivable | 41 | €14,006 | €21,022 | +€7,015 | +50.1% |
| Current investments | 50/53 | €936,595 | €769,992 | -€166,603 | -17.8% |
| Cash at bank and in hand | 54/58 | €16,893 | €22,441 | +€5,548 | +32.8% |
| Deferred charges and accrued income | 490/1 | €3,425 | €3,750 | +€325 | +9.5% |
| Total equity and liabilities | 10/49 | €1,010,599 | €835,170 | -€175,429 | -17.4% |
| Equity | 10/15 | €961,813 | €628,769 | -€333,044 | -34.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €874,890 | €539,605 | -€335,285 | -38.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €873,030 | €537,745 | -€335,285 | -38.4% |
| Profit (loss) carried forward | 14 | €80,723 | €82,964 | +€2,241 | +2.8% |
| Amounts payable | 17/49 | €48,786 | €206,400 | +€157,615 | +323% |
| Amounts payable within one year | 42/48 | €7,698 | €137,369 | +€129,671 | +1,684% |
| Trade debts | 44 | €4,285 | €757 | -€3,528 | -82.3% |
| Suppliers | 440/4 | €4,285 | €757 | -€3,528 | -82.3% |
| Taxes, remuneration and social security | 45 | €7 | €4,850 | +€4,843 | +68,789% |
| Taxes | 450/3 | - | €4,843 | +€4,843 | |
| Remuneration and social security | 454/9 | €7 | €7 | = | 0.0% |
| Other amounts payable | 47/48 | €3,406 | €131,762 | +€128,357 | +3,769% |
| Accrued charges and deferred income | 492/3 | €41,088 | €69,031 | +€27,944 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,074 | €22,870 | -€4,204 | -15.5% |
| Other operating charges | 640/8 | €2,732 | €1,120 | -€1,612 | -59.0% |
| Gross operating margin | 9900 | €104,543 | -€14,670 | -€119,213 | |
| Operating profit (loss) | 9901 | €74,737 | -€38,660 | -€113,397 | |
| Financial income | 75/76B | €26,480 | €43,029 | +€16,549 | +62.5% |
| Recurring financial income | 75 | €26,480 | €43,029 | +€16,549 | +62.5% |
| Financial charges | 65/66B | €2,211 | €1,996 | -€215 | -9.7% |
| Recurring financial charges | 65 | €2,211 | €1,996 | -€215 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €99,007 | €2,373 | -€96,634 | -97.6% |
| Income taxes | 67/77 | €18,607 | €132 | -€18,475 | -99.3% |
| Profit (loss) for the period | 9904 | €80,400 | €2,241 | -€78,159 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,400 | €2,241 | -€78,159 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.