Le Pilori: 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.
Le Pilori
Largest movements
- Cash -€194,702
down €194,702 (-47.7%), from €407,999 to €213,297
mainly Investment in fixed assets (net) (-€156,179) and Other debts (-€23,331)
- Tangible fixed assets +€136,964
up €136,964 (+27.9%), from €490,160 to €627,124
of which Land and buildings: +€136,964
- Other debts -€23,331
down €23,331 (-7.4%), from €313,521 to €290,190
- Trade debts -€22,502
down €22,502 (-94.6%), from €23,799 to €1,296
- Tax, wage and social debts -€13,465
down €13,465 (-98.7%), from €13,647 to €181
- Gross operating margin -€14,514
down €14,514 (-14.2%), from €102,438 to €87,924
- Taxes -€9,911
down €9,911 (-72.8%), from €13,620 to €3,709
- Other operating charges -€2,908
down €2,908 (-17.1%), from €17,027 to €14,119
- Depreciation +€2,608
up €2,608 (+15.7%), from €16,607 to €19,215
- Financial charges -€2,100
down €2,100 (-9.4%), from €22,444 to €20,344
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €916,407 | €865,248 | -€51,159 | -5.6% |
| Fixed assets | 21/28 | €490,563 | €627,527 | +€136,964 | +27.9% |
| Tangible fixed assets | 22/27 | €490,160 | €627,124 | +€136,964 | +27.9% |
| Land and buildings | 22 | €490,160 | €627,124 | +€136,964 | +27.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €404 | €404 | = | 0.0% |
| Current assets | 29/58 | €425,844 | €237,720 | -€188,123 | -44.2% |
| Amounts receivable within one year | 40/41 | €12,609 | €18,430 | +€5,821 | +46.2% |
| Trade receivables | 40 | €8,530 | €5,015 | -€3,515 | -41.2% |
| Other amounts receivable | 41 | €4,079 | €13,415 | +€9,336 | +229% |
| Cash at bank and in hand | 54/58 | €407,999 | €213,297 | -€194,702 | -47.7% |
| Deferred charges and accrued income | 490/1 | €5,236 | €5,993 | +€758 | +14.5% |
| Total equity and liabilities | 10/49 | €916,407 | €865,248 | -€51,159 | -5.6% |
| Equity | 10/15 | €564,041 | €572,180 | +€8,139 | +1.4% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €8,676 | €8,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,676 | €8,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,602 | €476,741 | +€8,139 | +1.7% |
| Amounts payable | 17/49 | €352,366 | €293,067 | -€59,299 | -16.8% |
| Amounts payable after more than one year | 17 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €350,966 | €291,667 | -€59,299 | -16.9% |
| Trade debts | 44 | €23,799 | €1,296 | -€22,502 | -94.6% |
| Suppliers | 440/4 | €23,799 | €1,296 | -€22,502 | -94.6% |
| Taxes, remuneration and social security | 45 | €13,647 | €181 | -€13,465 | -98.7% |
| Taxes | 450/3 | €13,647 | €181 | -€13,465 | -98.7% |
| Other amounts payable | 47/48 | €313,521 | €290,190 | -€23,331 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,607 | €19,215 | +€2,608 | +15.7% |
| Other operating charges | 640/8 | €17,027 | €14,119 | -€2,908 | -17.1% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | - | €22,397 | +€22,397 | |
| Gross operating margin | 9900 | €102,438 | €87,924 | -€14,514 | -14.2% |
| Operating profit (loss) | 9901 | €68,804 | €32,193 | -€36,611 | -53.2% |
| Financial charges | 65/66B | €22,444 | €20,344 | -€2,100 | -9.4% |
| Recurring financial charges | 65 | €22,444 | €20,344 | -€2,100 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €46,359 | €11,848 | -€34,511 | -74.4% |
| Income taxes | 67/77 | €13,620 | €3,709 | -€9,911 | -72.8% |
| Profit (loss) for the period | 9904 | €32,739 | €8,139 | -€24,599 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,739 | €8,139 | -€24,599 | -75.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.