VINCENT PIRONT: 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.
What changed
VINCENT PIRONT
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €1.8m+€383,488
Equity
€3.2m
2024 · €3.2m-€478
Cash
€1.6m
2024 · €1.6m+€62,340
Balance sheet total
€11.3m
2024 · €10.3m+€1.0m
Largest movements
Assets
- Receivables within one year +€402,421
up €402,421 (+7.6%), from €5.3m to €5.7m
of which Other amounts receivable: +€423,402
- Receivables after one year +€250,000
up €250,000 (+18.6%), from €1.3m to €1.6m
- Stocks and contracts +€240,707
up €240,707 (+32.4%), from €741,882 to €982,589
Equity and liabilities
- Trade debts +€578,396
up €578,396 (+17.3%), from €3.3m to €3.9m
- Provisions +€526,000
up €526,000 (+54.0%), from €973,256 to €1.5m
- Accrued charges and deferred income +€278,813
up €278,813 (+53.1%), from €524,778 to €803,591
- Advances received -€161,342
down €161,342 (-22.0%), from €732,286 to €570,944
Income statement
- Turnover +€3.8m
up €3.8m (+21.9%), from €17.5m to €21.3m
- Goods and materials +€1.6m
up €1.6m (+23.0%), from €7.2m to €8.8m
of which Purchases: +€2.3m
- Services and other goods +€890,554
up €890,554 (+21.9%), from €4.1m to €5.0m
- Provisions +€559,000
up €559,000, from -€33,000 to €526,000
- Staff costs +€491,830
up €491,830 (+13.0%), from €3.8m to €4.3m
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.
Result 2024
€1.8m
Turnover
+€3.8m
Other operating income
-€44,919
Goods and materials
-€1.6m
Services and other goods
-€890,554
Staff costs
-€491,830
Depreciation
-€35,815
Write-downs
-€157,875
Provisions
-€559,000
Other operating charges
+€112,597
Other operating items
+€147,037
Financial income
-€3,931
Financial charges
+€41,570
Taxes
+€73,443
Result 2025
€2.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.6m
Investment
-€295,242
Financing
-€2.3m
Cash 2024
€1.6m
From operations (derived)
+€2.6m
Net result for the year
+€2.2m
Depreciation
+€255,237
Receivables after one year
-€250,000
Stocks and contracts
-€240,707
Receivables within one year
-€402,421
Deferred charges and accrued income
-€48,391
Provisions
+€526,000
Trade debts
+€578,396
Tax, wage and social debts
-€80,270
Advances received
-€161,342
Other debts
-€8,369
Accrued charges and deferred income
+€278,813
Investment (derived)
-€295,242
Investment in fixed assets (net)
-€298,668
Current investments
+€3,426
Financing
-€2.3m
Debts after one year
-€9,504
Current portion of long-term debt
-€3,038
Short-term financial debts
-€76,345
Contributions, distributions and other
-€2.2m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,281,520 | €11,325,383 | +€1.0m | +10.2% |
| Fixed assets | 21/28 | €880,020 | €923,451 | +€43,430 | +4.9% |
| Tangible fixed assets | 22/27 | €558,547 | €604,618 | +€46,070 | +8.2% |
| Plant, machinery and equipment | 23 | €160,947 | €155,079 | -€5,868 | -3.6% |
| Furniture and vehicles | 24 | €229,902 | €342,074 | +€112,172 | +48.8% |
| Other tangible fixed assets | 26 | €167,699 | €107,465 | -€60,234 | -35.9% |
| Financial fixed assets | 28 | €321,473 | €318,833 | -€2,640 | -0.8% |
| Other financial fixed assets | 284/8 | €321,473 | €318,833 | -€2,640 | -0.8% |
| Shares | 284 | €2,999 | €2,999 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €318,474 | €315,834 | -€2,640 | -0.8% |
| Current assets | 29/58 | €9,401,500 | €10,401,932 | +€1.0m | +10.6% |
| Amounts receivable after more than one year | 29 | €1,347,000 | €1,597,000 | +€250,000 | +18.6% |
| Other amounts receivable | 291 | €1,347,000 | €1,597,000 | +€250,000 | +18.6% |
| Stocks and contracts in progress | 3 | €741,882 | €982,589 | +€240,707 | +32.4% |
| Stocks | 30/36 | €741,882 | €982,589 | +€240,707 | +32.4% |
| Goods purchased for resale | 34 | €741,882 | €982,589 | +€240,707 | +32.4% |
| Amounts receivable within one year | 40/41 | €5,280,917 | €5,683,338 | +€402,421 | +7.6% |
| Trade receivables | 40 | €3,805,046 | €3,784,065 | -€20,981 | -0.6% |
| Other amounts receivable | 41 | €1,475,871 | €1,899,273 | +€423,402 | +28.7% |
| Current investments | 50/53 | €101,997 | €98,572 | -€3,426 | -3.4% |
| Other investments | 51/53 | €101,997 | €98,572 | -€3,426 | -3.4% |
| Cash at bank and in hand | 54/58 | €1,580,171 | €1,642,511 | +€62,340 | +3.9% |
| Deferred charges and accrued income | 490/1 | €349,532 | €397,923 | +€48,391 | +13.8% |
| Total equity and liabilities | 10/49 | €10,281,520 | €11,325,383 | +€1.0m | +10.2% |
| Equity | 10/15 | €3,233,263 | €3,232,785 | -€478 | 0.0% |
| Contributions | 10/11 | €102,000 | €102,000 | = | 0.0% |
| Capital | 10 | €102,000 | €102,000 | = | 0.0% |
| Issued capital | 100 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €3,127,200 | €3,127,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,200 | €10,200 | = | 0.0% |
| Legal reserve | 130 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €3,117,000 | €3,117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,063 | €3,585 | -€478 | -11.8% |
| Provisions and deferred taxes | 16 | €973,256 | €1,499,256 | +€526,000 | +54.0% |
| Provisions for liabilities and charges | 160/5 | €973,256 | €1,499,256 | +€526,000 | +54.0% |
| Other liabilities and charges | 164/5 | €973,256 | €1,499,256 | +€526,000 | +54.0% |
| Amounts payable | 17/49 | €6,075,001 | €6,593,343 | +€518,341 | +8.5% |
| Amounts payable after more than one year | 17 | €9,504 | €0 | -€9,504 | -100% |
| Financial debts | 170/4 | €9,504 | €0 | -€9,504 | -100% |
| Credit institutions | 173 | €9,504 | €0 | -€9,504 | -100% |
| Amounts payable within one year | 42/48 | €5,540,720 | €5,789,751 | +€249,032 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €12,544 | €9,506 | -€3,038 | -24.2% |
| Financial debts | 43 | €177,254 | €100,909 | -€76,345 | -43.1% |
| Credit institutions | 430/8 | €177,254 | €100,909 | -€76,345 | -43.1% |
| Trade debts | 44 | €3,339,020 | €3,917,416 | +€578,396 | +17.3% |
| Suppliers | 440/4 | €3,339,020 | €3,917,416 | +€578,396 | +17.3% |
| Advances received on contracts in progress | 46 | €732,286 | €570,944 | -€161,342 | -22.0% |
| Taxes, remuneration and social security | 45 | €501,476 | €421,206 | -€80,270 | -16.0% |
| Taxes | 450/3 | €227,727 | €79,873 | -€147,855 | -64.9% |
| Remuneration and social security | 454/9 | €273,748 | €341,333 | +€67,585 | +24.7% |
| Other amounts payable | 47/48 | €778,139 | €769,771 | -€8,369 | -1.1% |
| Accrued charges and deferred income | 492/3 | €524,778 | €803,591 | +€278,813 | +53.1% |
| Operating income | 70/76A | €17,841,615 | €21,599,121 | +€3.8m | +21.1% |
| Turnover | 70 | €17,485,895 | €21,321,475 | +€3.8m | +21.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€4,051 | €0 | +€4,051 | |
| Other operating income | 74 | €309,771 | €264,852 | -€44,919 | -14.5% |
| Non-recurring operating income | 76A | €50,000 | €12,794 | -€37,206 | -74.4% |
| Operating charges | 60/66A | €15,457,853 | €18,942,954 | +€3.5m | +22.5% |
| Goods for resale, raw materials and consumables | 60 | €7,157,261 | €8,800,076 | +€1.6m | +23.0% |
| Purchases | 600/8 | €6,775,171 | €9,040,783 | +€2.3m | +33.4% |
| Change in stocks: decrease (increase) | 609 | €382,089 | -€240,707 | -€622,796 | |
| Services and other goods | 61 | €4,063,837 | €4,954,391 | +€890,554 | +21.9% |
| Remuneration, social security and pensions | 62 | €3,782,615 | €4,274,445 | +€491,830 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,422 | €255,237 | +€35,815 | +16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€106,334 | €51,541 | +€157,875 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,000 | €526,000 | +€559,000 | |
| Other operating charges | 640/8 | €174,052 | €61,455 | -€112,597 | -64.7% |
| Non-recurring operating charges | 66A | €200,000 | €19,808 | -€180,192 | -90.1% |
| Operating profit (loss) | 9901 | €2,383,762 | €2,656,167 | +€272,406 | +11.4% |
| Financial income | 75/76B | €98,127 | €94,196 | -€3,931 | -4.0% |
| Recurring financial income | 75 | €98,127 | €94,196 | -€3,931 | -4.0% |
| Income from financial fixed assets | 750 | €454 | €0 | -€454 | -100% |
| Income from current assets | 751 | €89,454 | €80,161 | -€9,293 | -10.4% |
| Other financial income | 752/9 | €8,219 | €14,035 | +€5,816 | +70.8% |
| Financial charges | 65/66B | €95,028 | €53,458 | -€41,570 | -43.7% |
| Recurring financial charges | 65 | €95,028 | €53,458 | -€41,570 | -43.7% |
| Debt charges | 650 | €44,780 | €34,423 | -€10,357 | -23.1% |
| Other financial charges | 652/9 | €50,248 | €19,035 | -€31,213 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €2,386,861 | €2,696,906 | +€310,045 | +13.0% |
| Income taxes | 67/77 | €590,827 | €517,384 | -€73,443 | -12.4% |
| Taxes | 670/3 | €590,827 | €517,978 | -€72,849 | -12.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €594 | +€594 | |
| Profit (loss) for the period | 9904 | €1,796,034 | €2,179,522 | +€383,488 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,796,034 | €2,179,522 | +€383,488 | +21.4% |
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 14 October 2026 via checked.be.