Pilanes: 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.
Pilanes
Largest movements
- Current investments -€155,000
no longer reported in 2025 (was €155,000)
- Cash +€110,170
up €110,170 (+67.8%), from €162,419 to €272,589
mainly Net result for the year (+€306,090) and Current investments (+€155,000)
- Receivables within one year +€20,029
up €20,029 (+43.6%), from €45,929 to €65,958
of which Trade receivables: +€23,004
- Profit (loss) carried forward -€138,910
down €138,910 (-71.2%), from €195,131 to €56,221
- Other debts +€90,838
up €90,838 (+66.2%), from €137,158 to €227,996
- Tax, wage and social debts +€20,538
up €20,538 (+80.8%), from €25,410 to €45,948
- Gross operating margin +€60,571
up €60,571 (+17.7%), from €342,355 to €402,926
- Taxes +€14,932
up €14,932 (+18.2%), from €81,845 to €96,776
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 | €368,270 | €342,171 | -€26,099 | -7.1% |
| Fixed assets | 21/28 | €1,927 | €996 | -€932 | -48.3% |
| Tangible fixed assets | 22/27 | €1,927 | €996 | -€932 | -48.3% |
| Plant, machinery and equipment | 23 | €1,496 | €789 | -€707 | -47.3% |
| Furniture and vehicles | 24 | €431 | €207 | -€225 | -52.1% |
| Current assets | 29/58 | €366,343 | €341,176 | -€25,167 | -6.9% |
| Amounts receivable within one year | 40/41 | €45,929 | €65,958 | +€20,029 | +43.6% |
| Trade receivables | 40 | €40,467 | €63,471 | +€23,004 | +56.8% |
| Other amounts receivable | 41 | €5,463 | €2,488 | -€2,975 | -54.5% |
| Current investments | 50/53 | €155,000 | - | -€155,000 | |
| Cash at bank and in hand | 54/58 | €162,419 | €272,589 | +€110,170 | +67.8% |
| Deferred charges and accrued income | 490/1 | €2,995 | €2,628 | -€367 | -12.2% |
| Total equity and liabilities | 10/49 | €368,270 | €342,171 | -€26,099 | -7.1% |
| Equity | 10/15 | €200,131 | €61,221 | -€138,910 | -69.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,131 | €56,221 | -€138,910 | -71.2% |
| Amounts payable | 17/49 | €168,139 | €280,950 | +€112,811 | +67.1% |
| Amounts payable within one year | 42/48 | €168,139 | €280,648 | +€112,509 | +66.9% |
| Financial debts | 43 | €410 | €180 | -€230 | -56.1% |
| Credit institutions | 430/8 | - | €180 | +€180 | |
| Other loans | 439 | €410 | - | -€410 | |
| Trade debts | 44 | €5,161 | €6,524 | +€1,363 | +26.4% |
| Suppliers | 440/4 | €5,161 | €6,524 | +€1,363 | +26.4% |
| Taxes, remuneration and social security | 45 | €25,410 | €45,948 | +€20,538 | +80.8% |
| Taxes | 450/3 | €25,410 | €45,948 | +€20,538 | +80.8% |
| Other amounts payable | 47/48 | €137,158 | €227,996 | +€90,838 | +66.2% |
| Accrued charges and deferred income | 492/3 | - | €302 | +€302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €932 | +€116 | +14.2% |
| Other operating charges | 640/8 | €583 | €744 | +€161 | +27.6% |
| Gross operating margin | 9900 | €342,355 | €402,926 | +€60,571 | +17.7% |
| Operating profit (loss) | 9901 | €340,957 | €401,250 | +€60,294 | +17.7% |
| Financial income | 75/76B | €6,058 | €4,203 | -€1,855 | -30.6% |
| Recurring financial income | 75 | €6,058 | €4,203 | -€1,855 | -30.6% |
| Financial charges | 65/66B | €2,555 | €2,587 | +€32 | +1.3% |
| Recurring financial charges | 65 | €2,555 | €2,587 | +€32 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €344,460 | €402,866 | +€58,407 | +17.0% |
| Income taxes | 67/77 | €81,845 | €96,776 | +€14,932 | +18.2% |
| Profit (loss) for the period | 9904 | €262,615 | €306,090 | +€43,475 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €262,615 | €306,090 | +€43,475 | +16.6% |
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 14 October 2026 via checked.be.