L. PIRLOTTE: 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.
L. PIRLOTTE
Largest movements
- Deferred charges and accrued income +€9,075
up €9,075 (+58.7%), from €15,473 to €24,548
- Cash +€3,773
up €3,773 (+362%), from €1,043 to €4,816
mainly Net result for the year (+€71,084) and Other debts (+€34,300)
- Receivables after one year +€3,500
up €3,500 (+3.0%), from €116,500 to €120,000
of which Trade receivables: +€70,000
- Other debts +€34,300
up €34,300 (+8,243%), from €416 to €34,716
- Reserves -€31,314
down €31,314 (-30.6%), from €102,398 to €71,084
- Tax, wage and social debts +€15,894
up €15,894 (+51.0%), from €31,190 to €47,084
- Trade debts -€1,941
down €1,941 (-99.9%), from €1,942 to €2
- Gross operating margin +€33,234
up €33,234 (+50.8%), from €65,416 to €98,650
- Taxes +€12,273
up €12,273 (+73.8%), from €16,633 to €28,906
- Financial income +€1,245
up €1,245 (+54.5%), from €2,283 to €3,528
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 | €137,012 | €154,375 | +€17,364 | +12.7% |
| Fixed assets | 21/28 | €3,996 | €5,012 | +€1,016 | +25.4% |
| Tangible fixed assets | 22/27 | €3,996 | €5,012 | +€1,016 | +25.4% |
| Furniture and vehicles | 24 | €3,996 | €3,096 | -€900 | -22.5% |
| Other tangible fixed assets | 26 | - | €1,916 | +€1,916 | |
| Current assets | 29/58 | €133,016 | €149,363 | +€16,348 | +12.3% |
| Amounts receivable after more than one year | 29 | €116,500 | €120,000 | +€3,500 | +3.0% |
| Trade receivables | 290 | €50,000 | €120,000 | +€70,000 | +140% |
| Other amounts receivable | 291 | €66,500 | - | -€66,500 | |
| Cash at bank and in hand | 54/58 | €1,043 | €4,816 | +€3,773 | +362% |
| Deferred charges and accrued income | 490/1 | €15,473 | €24,548 | +€9,075 | +58.7% |
| Total equity and liabilities | 10/49 | €137,012 | €154,375 | +€17,364 | +12.7% |
| Equity | 10/15 | €103,398 | €72,084 | -€31,314 | -30.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €102,398 | €71,084 | -€31,314 | -30.6% |
| Distributable reserves | 133 | €102,398 | €71,084 | -€31,314 | -30.6% |
| Amounts payable | 17/49 | €33,614 | €82,291 | +€48,678 | +145% |
| Amounts payable within one year | 42/48 | €33,548 | €81,802 | +€48,254 | +144% |
| Trade debts | 44 | €1,942 | €2 | -€1,941 | -99.9% |
| Suppliers | 440/4 | €1,942 | €2 | -€1,941 | -99.9% |
| Taxes, remuneration and social security | 45 | €31,190 | €47,084 | +€15,894 | +51.0% |
| Taxes | 450/3 | €31,190 | €47,084 | +€15,894 | +51.0% |
| Other amounts payable | 47/48 | €416 | €34,716 | +€34,300 | +8,243% |
| Accrued charges and deferred income | 492/3 | €66 | €489 | +€424 | +645% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €900 | +€396 | +78.5% |
| Other operating charges | 640/8 | €1,151 | €1,227 | +€76 | +6.6% |
| Gross operating margin | 9900 | €65,416 | €98,650 | +€33,234 | +50.8% |
| Operating profit (loss) | 9901 | €63,760 | €96,522 | +€32,762 | +51.4% |
| Financial income | 75/76B | €2,283 | €3,528 | +€1,245 | +54.5% |
| Recurring financial income | 75 | €2,283 | €3,528 | +€1,245 | +54.5% |
| Financial charges | 65/66B | €65 | €60 | -€6 | -8.5% |
| Recurring financial charges | 65 | €65 | €60 | -€6 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €65,978 | €99,990 | +€34,013 | +51.6% |
| Income taxes | 67/77 | €16,633 | €28,906 | +€12,273 | +73.8% |
| Profit (loss) for the period | 9904 | €49,345 | €71,084 | +€21,740 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,345 | €71,084 | +€21,740 | +44.1% |
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 18 October 2026 via checked.be.