J. PILY: 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.
J. PILY
Largest movements
- Intangible fixed assets -€8,575
down €8,575 (-13.0%), from €65,989 to €57,415
- Receivables within one year -€6,596
down €6,596 (-62.5%), from €10,551 to €3,955
of which Other amounts receivable: -€6,596
- Profit (loss) carried forward -€11,003
down €11,003 (-67.1%), from -€16,400 to -€27,403
- Other debts -€3,944
down €3,944 (-2.2%), from €175,452 to €171,508
- Gross operating margin -€11,939
down €11,939, from €10,518 to -€1,420
- Other operating charges -€590
down €590 (-52.7%), from €1,119 to €529
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 | €191,981 | €176,651 | -€15,330 | -8.0% |
| Fixed assets | 21/28 | €180,989 | €172,415 | -€8,575 | -4.7% |
| Intangible fixed assets | 21 | €65,989 | €57,415 | -€8,575 | -13.0% |
| Financial fixed assets | 28 | €115,000 | €115,000 | = | 0.0% |
| Current assets | 29/58 | €10,992 | €4,236 | -€6,756 | -61.5% |
| Amounts receivable within one year | 40/41 | €10,551 | €3,955 | -€6,596 | -62.5% |
| Trade receivables | 40 | €3,455 | €3,455 | = | 0.0% |
| Other amounts receivable | 41 | €7,096 | €500 | -€6,596 | -93.0% |
| Cash at bank and in hand | 54/58 | €441 | €281 | -€160 | -36.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €191,981 | €176,651 | -€15,330 | -8.0% |
| Equity | 10/15 | €16,146 | €5,143 | -€11,003 | -68.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,946 | €13,946 | = | 0.0% |
| Tax-exempt reserves | 132 | €13,946 | €13,946 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,400 | -€27,403 | -€11,003 | -67.1% |
| Amounts payable | 17/49 | €175,836 | €171,508 | -€4,328 | -2.5% |
| Amounts payable within one year | 42/48 | €175,836 | €171,508 | -€4,328 | -2.5% |
| Trade debts | 44 | €384 | €0 | -€384 | -100.0% |
| Suppliers | 440/4 | €384 | €0 | -€384 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €175,452 | €171,508 | -€3,944 | -2.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,575 | €8,575 | = | 0.0% |
| Other operating charges | 640/8 | €1,119 | €529 | -€590 | -52.7% |
| Gross operating margin | 9900 | €10,518 | -€1,420 | -€11,939 | |
| Operating profit (loss) | 9901 | €825 | -€10,524 | -€11,348 | |
| Financial charges | 65/66B | €514 | €479 | -€35 | -6.8% |
| Recurring financial charges | 65 | €514 | €479 | -€35 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €311 | -€11,003 | -€11,313 | |
| Profit (loss) for the period | 9904 | €311 | -€11,003 | -€11,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €311 | -€11,003 | -€11,313 |
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.