PILAAR PROJECTS: what changed
What changed
PILAAR PROJECTS
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
€1,423
2024 · €57,328-€55,906
Equity
€82,773
2024 · €81,351+€1,423
Cash
€7,925
2024 · €1,582+€6,343
Balance sheet total
€668,517
2024 · €357,082+€311,435
Largest movements
Assets
- Stocks and contracts +€582,353
new in 2025: €582,353
- Receivables within one year -€317,034
down €317,034 (-89.7%), from €353,301 to €36,267
- Tangible fixed assets +€37,593
up €37,593 (+2,341%), from €1,606 to €39,199
of which Furniture and vehicles: +€36,791
Equity and liabilities
- Debts after one year +€527,286
new in 2025: €527,286
- Current portion of long-term debt -€170,000
no longer reported in 2025 (was €170,000)
- Other debts -€40,073
down €40,073 (-69.7%), from €57,486 to €17,413
- Tax, wage and social debts -€31,415
down €31,415 (-87.9%), from €35,723 to €4,309
of which Taxes: -€28,729
- Trade debts +€25,975
up €25,975 (+263%), from €9,876 to €35,851
Income statement
- Gross operating margin -€63,885
down €63,885 (-81.4%), from €78,530 to €14,645
- Taxes -€9,143
down €9,143 (-90.0%), from €10,159 to €1,016
- Financial charges +€5,433
up €5,433 (+93.0%), from €5,839 to €11,272
- Depreciation -€4,333
down €4,333 (-98.3%), from €4,408 to €74
- Financial income +€2,328
new in 2025: €2,328
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€57,328
Gross operating margin
-€63,885
Depreciation
+€4,333
Other operating charges
-€786
Other operating items
-€1,606
Financial income
+€2,328
Financial charges
-€5,433
Taxes
+€9,143
Result 2025
€1,423
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€313,276
Investment
-€37,667
Financing
+€357,286
Cash 2024
€1,582
From operations (derived)
-€313,276
Net result for the year
+€1,423
Depreciation
+€74
Stocks and contracts
-€582,353
Receivables within one year
+€317,034
Deferred charges and accrued income
-€2,180
Trade debts
+€25,975
Tax, wage and social debts
-€31,415
Other debts
-€40,073
Accrued charges and deferred income
-€1,762
Investment (derived)
-€37,667
Investment in fixed assets (net)
-€37,667
Financing
+€357,286
Debts after one year
+€527,286
Current portion of long-term debt
-€170,000
Cash 2025
€7,925
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,082 | €668,517 | +€311,435 | +87.2% |
| Fixed assets | 21/28 | €1,606 | €39,199 | +€37,593 | +2,341% |
| Tangible fixed assets | 22/27 | €1,606 | €39,199 | +€37,593 | +2,341% |
| Plant, machinery and equipment | 23 | - | €802 | +€802 | |
| Furniture and vehicles | 24 | €1,606 | €38,397 | +€36,791 | +2,291% |
| Current assets | 29/58 | €355,476 | €629,318 | +€273,842 | +77.0% |
| Stocks and contracts in progress | 3 | - | €582,353 | +€582,353 | |
| Stocks | 30/36 | - | €582,353 | +€582,353 | |
| Amounts receivable within one year | 40/41 | €353,301 | €36,267 | -€317,034 | -89.7% |
| Trade receivables | 40 | €353,301 | €36,267 | -€317,034 | -89.7% |
| Cash at bank and in hand | 54/58 | €1,582 | €7,925 | +€6,343 | +401% |
| Deferred charges and accrued income | 490/1 | €593 | €2,773 | +€2,180 | +368% |
| Total equity and liabilities | 10/49 | €357,082 | €668,517 | +€311,435 | +87.2% |
| Equity | 10/15 | €81,351 | €82,773 | +€1,423 | +1.7% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,151 | €81,573 | +€1,423 | +1.8% |
| Amounts payable | 17/49 | €275,731 | €585,743 | +€310,012 | +112% |
| Amounts payable after more than one year | 17 | - | €527,286 | +€527,286 | |
| Financial debts | 170/4 | - | €527,286 | +€527,286 | |
| Amounts payable within one year | 42/48 | €273,085 | €57,572 | -€215,513 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €170,000 | - | -€170,000 | |
| Trade debts | 44 | €9,876 | €35,851 | +€25,975 | +263% |
| Suppliers | 440/4 | €9,876 | €35,851 | +€25,975 | +263% |
| Taxes, remuneration and social security | 45 | €35,723 | €4,309 | -€31,415 | -87.9% |
| Taxes | 450/3 | €33,038 | €4,309 | -€28,729 | -87.0% |
| Remuneration and social security | 454/9 | €2,685 | - | -€2,685 | |
| Other amounts payable | 47/48 | €57,486 | €17,413 | -€40,073 | -69.7% |
| Accrued charges and deferred income | 492/3 | €2,647 | €885 | -€1,762 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,408 | €74 | -€4,333 | -98.3% |
| Other operating charges | 640/8 | €796 | €1,583 | +€786 | +98.8% |
| Non-recurring operating charges | 66A | - | €1,606 | +€1,606 | |
| Gross operating margin | 9900 | €78,530 | €14,645 | -€63,885 | -81.4% |
| Operating profit (loss) | 9901 | €73,326 | €11,382 | -€61,944 | -84.5% |
| Financial income | 75/76B | - | €2,328 | +€2,328 | |
| Recurring financial income | 75 | - | €2,328 | +€2,328 | |
| Financial charges | 65/66B | €5,839 | €11,272 | +€5,433 | +93.0% |
| Recurring financial charges | 65 | €5,839 | €11,272 | +€5,433 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €67,487 | €2,439 | -€65,048 | -96.4% |
| Income taxes | 67/77 | €10,159 | €1,016 | -€9,143 | -90.0% |
| Profit (loss) for the period | 9904 | €57,328 | €1,423 | -€55,906 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,328 | €1,423 | -€55,906 | -97.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.