Co-piloot: 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.
Co-piloot
Largest movements
- Cash +€1,664
up €1,664 (+60.4%), from €2,753 to €4,416
mainly Net result for the year (+€624) and Receivables within one year (+€603)
- Receivables within one year -€603
down €603 (-87.1%), from €692 to €89
of which Trade receivables: -€607
- Intangible fixed assets -€269
down €269 (-87.4%), from €308 to €39
- Profit (loss) carried forward +€624
up €624 (+1,521%), from €41 to €665
- Tax, wage and social debts +€146
up €146 (+1,421%), from €10 to €156
- Other operating charges -€412
down €412 (-40.3%), from €1,021 to €610
- Depreciation -€230
down €230 (-46.1%), from €499 to €269
- Taxes +€146
up €146 (+1,421%), from €10 to €156
- Gross operating margin +€59
up €59 (+3.1%), from €1,883 to €1,942
- Financial charges -€28
down €28 (-9.1%), from €312 to €283
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 | €4,051 | €4,834 | +€783 | +19.3% |
| Fixed assets | 21/28 | €308 | €39 | -€269 | -87.4% |
| Intangible fixed assets | 21 | €308 | €39 | -€269 | -87.4% |
| Current assets | 29/58 | €3,743 | €4,795 | +€1,052 | +28.1% |
| Amounts receivable within one year | 40/41 | €692 | €89 | -€603 | -87.1% |
| Trade receivables | 40 | €607 | €0 | -€607 | -100% |
| Other amounts receivable | 41 | €86 | €89 | +€3 | +4.0% |
| Cash at bank and in hand | 54/58 | €2,753 | €4,416 | +€1,664 | +60.4% |
| Deferred charges and accrued income | 490/1 | €298 | €290 | -€8 | -2.8% |
| Total equity and liabilities | 10/49 | €4,051 | €4,834 | +€783 | +19.3% |
| Equity | 10/15 | €4,041 | €4,665 | +€624 | +15.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41 | €665 | +€624 | +1,521% |
| Amounts payable | 17/49 | €10 | €169 | +€159 | +1,546% |
| Amounts payable within one year | 42/48 | €10 | €169 | +€159 | +1,546% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €10 | €156 | +€146 | +1,421% |
| Taxes | 450/3 | €10 | €156 | +€146 | +1,421% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €269 | -€230 | -46.1% |
| Other operating charges | 640/8 | €1,021 | €610 | -€412 | -40.3% |
| Gross operating margin | 9900 | €1,883 | €1,942 | +€59 | +3.1% |
| Operating profit (loss) | 9901 | €363 | €1,064 | +€701 | +193% |
| Financial charges | 65/66B | €312 | €283 | -€28 | -9.1% |
| Recurring financial charges | 65 | €312 | €283 | -€28 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €51 | €781 | +€729 | +1,421% |
| Income taxes | 67/77 | €10 | €156 | +€146 | +1,421% |
| Profit (loss) for the period | 9904 | €41 | €624 | +€583 | +1,421% |
| Profit (loss) for the period to be appropriated | 9905 | €41 | €624 | +€583 | +1,421% |
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.