P'ILSKE: 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.
P'ILSKE
Largest movements
- Tangible fixed assets -€3,643
down €3,643 (-15.0%), from €24,218 to €20,576
- Cash +€1,690
up €1,690 (+23.6%), from €7,159 to €8,849
mainly Net result for the year (+€14,257) and Depreciation (+€3,643)
- Deferred charges and accrued income -€971
no longer reported in 2025 (was €971)
- Receivables within one year +€730
up €730 (+27.4%), from €2,665 to €3,396
- Profit (loss) carried forward +€14,257
up €14,257 (+49.8%), from -€28,629 to -€14,372
- Other debts -€11,158
down €11,158 (-38.5%), from €29,002 to €17,843
- Current portion of long-term debt -€3,878
no longer reported in 2025 (was €3,878)
- Trade debts -€620
down €620 (-6.4%), from €9,671 to €9,050
- Tax, wage and social debts -€480
down €480 (-15.3%), from €3,142 to €2,663
of which Taxes: -€452
- Gross operating margin +€17,464
up €17,464 (+132%), from €13,216 to €30,679
- Other operating charges -€1,108
down €1,108 (-70.6%), from €1,569 to €462
- Staff costs -€1,020
down €1,020 (-8.3%), from €12,313 to €11,293
- Financial charges +€883
up €883 (+467%), from €189 to €1,072
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 | €37,524 | €35,644 | -€1,879 | -5.0% |
| Fixed assets | 21/28 | €24,218 | €20,653 | -€3,566 | -14.7% |
| Tangible fixed assets | 22/27 | €24,218 | €20,576 | -€3,643 | -15.0% |
| Land and buildings | 22 | €873 | €175 | -€699 | -80.0% |
| Plant, machinery and equipment | 23 | €2,123 | €721 | -€1,402 | -66.1% |
| Leasing and similar rights | 25 | €21,222 | €19,680 | -€1,542 | -7.3% |
| Financial fixed assets | 28 | - | €77 | +€77 | |
| Current assets | 29/58 | €13,305 | €14,992 | +€1,687 | +12.7% |
| Stocks and contracts in progress | 3 | €2,511 | €2,748 | +€237 | +9.4% |
| Stocks | 30/36 | €2,511 | €2,748 | +€237 | +9.4% |
| Amounts receivable within one year | 40/41 | €2,665 | €3,396 | +€730 | +27.4% |
| Trade receivables | 40 | €2,665 | €3,396 | +€730 | +27.4% |
| Cash at bank and in hand | 54/58 | €7,159 | €8,849 | +€1,690 | +23.6% |
| Deferred charges and accrued income | 490/1 | €971 | - | -€971 | |
| Total equity and liabilities | 10/49 | €37,524 | €35,644 | -€1,879 | -5.0% |
| Equity | 10/15 | -€8,169 | €6,088 | +€14,257 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,629 | -€14,372 | +€14,257 | +49.8% |
| Amounts payable | 17/49 | €45,693 | €29,556 | -€16,137 | -35.3% |
| Amounts payable within one year | 42/48 | €45,693 | €29,556 | -€16,137 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €3,878 | - | -€3,878 | |
| Trade debts | 44 | €9,671 | €9,050 | -€620 | -6.4% |
| Suppliers | 440/4 | €9,671 | €9,050 | -€620 | -6.4% |
| Taxes, remuneration and social security | 45 | €3,142 | €2,663 | -€480 | -15.3% |
| Taxes | 450/3 | €1,769 | €1,318 | -€452 | -25.5% |
| Remuneration and social security | 454/9 | €1,373 | €1,345 | -€28 | -2.1% |
| Other amounts payable | 47/48 | €29,002 | €17,843 | -€11,158 | -38.5% |
| Non-recurring operating income | 76A | - | €1,060 | +€1,060 | |
| Remuneration, social security and pensions | 62 | €12,313 | €11,293 | -€1,020 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,776 | €3,643 | -€133 | -3.5% |
| Other operating charges | 640/8 | €1,569 | €462 | -€1,108 | -70.6% |
| Gross operating margin | 9900 | €13,216 | €30,679 | +€17,464 | +132% |
| Operating profit (loss) | 9901 | -€4,442 | €15,282 | +€19,724 | |
| Financial income | 75/76B | €60 | €47 | -€13 | -21.1% |
| Recurring financial income | 75 | €60 | €47 | -€13 | -21.1% |
| Financial charges | 65/66B | €189 | €1,072 | +€883 | +467% |
| Recurring financial charges | 65 | €189 | €1,072 | +€883 | +467% |
| Profit (loss) for the period before taxes | 9903 | -€4,571 | €14,257 | +€18,829 | |
| Profit (loss) for the period | 9904 | -€4,571 | €14,257 | +€18,829 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,571 | €14,257 | +€18,829 |
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 17 October 2026 via checked.be.