PIR: what changed
PIR
Largest movements
- Tangible fixed assets +€18,814
up €18,814 (+493%), from €3,813 to €22,627
of which Other tangible fixed assets: +€16,466
- Cash -€12,580
down €12,580 (-13.6%), from €92,693 to €80,113
mainly Investment in fixed assets (net) (-€23,174) and Receivables within one year (-€10,965)
- Receivables within one year +€10,965
up €10,965 (+75.4%), from €14,549 to €25,514
- Trade debts +€14,877
up €14,877 (+612%), from €2,429 to €17,306
- Other debts +€9,482
up €9,482 (+911%), from €1,041 to €10,523
- Tax, wage and social debts -€8,353
down €8,353 (-37.1%), from €22,491 to €14,138
of which Remuneration and social security: -€6,438
- Staff costs +€32,778
up €32,778 (+52.6%), from €62,301 to €95,079
- Taxes -€23,797
down €23,797 (-98.5%), from €24,161 to €364
- Financial charges +€6,471
up €6,471 (+354%), from €1,827 to €8,297
- Gross operating margin +€4,083
up €4,083 (+3.8%), from €106,299 to €110,382
- Other operating charges -€1,131
down €1,131 (-52.5%), from €2,155 to €1,025
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,882 | €129,144 | +€17,262 | +15.4% |
| Fixed assets | 21/28 | €3,813 | €22,627 | +€18,814 | +493% |
| Tangible fixed assets | 22/27 | €3,813 | €22,627 | +€18,814 | +493% |
| Plant, machinery and equipment | 23 | €1,440 | €6,161 | +€4,721 | +328% |
| Furniture and vehicles | 24 | €2,373 | - | -€2,373 | |
| Other tangible fixed assets | 26 | - | €16,466 | +€16,466 | |
| Current assets | 29/58 | €108,069 | €106,517 | -€1,552 | -1.4% |
| Stocks and contracts in progress | 3 | €815 | €891 | +€75 | +9.2% |
| Stocks | 30/36 | €815 | €891 | +€75 | +9.2% |
| Amounts receivable within one year | 40/41 | €14,549 | €25,514 | +€10,965 | +75.4% |
| Trade receivables | 40 | €14,549 | €25,514 | +€10,965 | +75.4% |
| Cash at bank and in hand | 54/58 | €92,693 | €80,113 | -€12,580 | -13.6% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €111,882 | €129,144 | +€17,262 | +15.4% |
| Equity | 10/15 | €85,921 | €87,178 | +€1,257 | +1.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17 | €17 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17 | €17 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17 | €17 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,303 | €68,560 | +€1,257 | +1.9% |
| Amounts payable | 17/49 | €25,961 | €41,966 | +€16,005 | +61.7% |
| Amounts payable within one year | 42/48 | €25,961 | €41,966 | +€16,005 | +61.7% |
| Trade debts | 44 | €2,429 | €17,306 | +€14,877 | +612% |
| Suppliers | 440/4 | €2,429 | €17,306 | +€14,877 | +612% |
| Taxes, remuneration and social security | 45 | €22,491 | €14,138 | -€8,353 | -37.1% |
| Taxes | 450/3 | €11,966 | €10,051 | -€1,915 | -16.0% |
| Remuneration and social security | 454/9 | €10,524 | €4,086 | -€6,438 | -61.2% |
| Other amounts payable | 47/48 | €1,041 | €10,523 | +€9,482 | +911% |
| Remuneration, social security and pensions | 62 | €62,301 | €95,079 | +€32,778 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,531 | €4,360 | -€172 | -3.8% |
| Other operating charges | 640/8 | €2,155 | €1,025 | -€1,131 | -52.5% |
| Gross operating margin | 9900 | €106,299 | €110,382 | +€4,083 | +3.8% |
| Operating profit (loss) | 9901 | €37,311 | €9,918 | -€27,392 | -73.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +269% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +269% |
| Financial charges | 65/66B | €1,827 | €8,297 | +€6,471 | +354% |
| Recurring financial charges | 65 | €1,827 | €8,297 | +€6,471 | +354% |
| Profit (loss) for the period before taxes | 9903 | €35,484 | €1,622 | -€33,863 | -95.4% |
| Income taxes | 67/77 | €24,161 | €364 | -€23,797 | -98.5% |
| Profit (loss) for the period | 9904 | €11,324 | €1,257 | -€10,066 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €1,257 | -€10,066 | -88.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.