DE PILOTEN: 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.
DE PILOTEN
Largest movements
- Cash +€108,775
up €108,775 (+200.0%), from €54,389 to €163,164
mainly Net result for the year (+€168,917) and Other debts (+€45,000)
- Receivables within one year -€27,292
down €27,292 (-4.6%), from €591,545 to €564,253
of which Trade receivables: -€29,344
- Reserves +€123,917
up €123,917 (+153.5%), from €80,731 to €204,648
- Tax, wage and social debts -€92,694
down €92,694 (-20.9%), from €443,968 to €351,274
of which Remuneration and social security: -€85,496
- Other debts +€45,000
up €45,000, from €0 to €45,000
- Debts after one year -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Trade debts +€16,643
up €16,643 (+74.6%), from €22,305 to €38,948
- Gross operating margin +€1.1m
up €1.1m (+55.2%), from €2.0m to €3.1m
- Staff costs +€911,122
up €911,122 (+46.3%), from €2.0m to €2.9m
- Taxes +€37,798
up €37,798 (+507.6%), from €7,447 to €45,245
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 | €756,379 | €820,200 | +€63,820 | +8.4% |
| Fixed assets | 21/28 | €99,619 | €90,031 | -€9,588 | -9.6% |
| Intangible fixed assets | 21 | €5,581 | €4,072 | -€1,509 | -27.0% |
| Tangible fixed assets | 22/27 | €13,063 | €7,235 | -€5,829 | -44.6% |
| Furniture and vehicles | 24 | €13,063 | €7,235 | -€5,829 | -44.6% |
| Financial fixed assets | 28 | €80,975 | €78,725 | -€2,250 | -2.8% |
| Current assets | 29/58 | €656,760 | €730,168 | +€73,408 | +11.2% |
| Amounts receivable within one year | 40/41 | €591,545 | €564,253 | -€27,292 | -4.6% |
| Trade receivables | 40 | €470,137 | €440,793 | -€29,344 | -6.2% |
| Other amounts receivable | 41 | €121,408 | €123,460 | +€2,051 | +1.7% |
| Cash at bank and in hand | 54/58 | €54,389 | €163,164 | +€108,775 | +200.0% |
| Deferred charges and accrued income | 490/1 | €10,827 | €2,752 | -€8,075 | -74.6% |
| Total equity and liabilities | 10/49 | €756,379 | €820,200 | +€63,820 | +8.4% |
| Equity | 10/15 | €99,331 | €223,248 | +€123,917 | +124.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,731 | €204,648 | +€123,917 | +153.5% |
| Distributable reserves | 133 | €80,731 | €204,648 | +€123,917 | +153.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €657,049 | €596,952 | -€60,097 | -9.1% |
| Amounts payable after more than one year | 17 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Financial debts | 170/4 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Amounts payable within one year | 42/48 | €507,049 | €470,248 | -€36,801 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €40,776 | €35,026 | -€5,750 | -14.1% |
| Trade debts | 44 | €22,305 | €38,948 | +€16,643 | +74.6% |
| Suppliers | 440/4 | €22,305 | €38,948 | +€16,643 | +74.6% |
| Taxes, remuneration and social security | 45 | €443,968 | €351,274 | -€92,694 | -20.9% |
| Taxes | 450/3 | €82,421 | €75,223 | -€7,198 | -8.7% |
| Remuneration and social security | 454/9 | €361,547 | €276,051 | -€85,496 | -23.6% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €0 | €1,704 | +€1,704 | |
| Remuneration, social security and pensions | 62 | €1,965,820 | €2,876,941 | +€911,122 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,971 | €6,883 | -€1,088 | -13.6% |
| Other operating charges | 640/8 | €862 | €778 | -€84 | -9.8% |
| Gross operating margin | 9900 | €2,012,674 | €3,123,679 | +€1.1m | +55.2% |
| Operating profit (loss) | 9901 | €38,021 | €239,077 | +€201,056 | +528.8% |
| Financial income | 75/76B | €6,148 | €3,585 | -€2,563 | -41.7% |
| Recurring financial income | 75 | €6,148 | €3,585 | -€2,563 | -41.7% |
| Financial charges | 65/66B | €19,483 | €28,500 | +€9,017 | +46.3% |
| Recurring financial charges | 65 | €19,483 | €28,500 | +€9,017 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €24,686 | €214,162 | +€189,475 | +767.5% |
| Income taxes | 67/77 | €7,447 | €45,245 | +€37,798 | +507.6% |
| Profit (loss) for the period | 9904 | €17,240 | €168,917 | +€151,677 | +879.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,240 | €168,917 | +€151,677 | +879.8% |
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.