PILAR: what changed
Two fiscal 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.
PILAR
Largest movements
- Cash +€530,396
up €530,396 (+1770.1%), from €29,964 to €560,360
mainly Stocks and contracts (+€471,983) and Contributions, distributions and other (+€400,000)
- Stocks and contracts -€471,983
down €471,983 (-43.2%), from €1.1m to €620,629
of which Stocks: -€354,080
- Tangible fixed assets +€17,009
up €17,009 (+1120.7%), from €1,518 to €18,527
of which Furniture and vehicles: +€16,281
- Contributions +€400,000
up €400,000 (+800.0%), from €50,000 to €450,000
- Debts after one year -€400,000
down €400,000 (-41.9%), from €955,000 to €555,000
- Advances received -€160,000
down €160,000 (-100.0%), from €160,000 to €0
- Reserves +€108,565
new in 2025: €108,565
- Profit (loss) carried forward +€82,281
up €82,281, from -€82,281 to €0
- Gross operating margin +€303,942
up €303,942, from -€7,998 to €295,944
- Financial charges +€43,351
up €43,351 (+24206.2%), from €179 to €43,530
- Taxes +€42,021
new in 2025: €42,021
- Other operating charges +€9,794
up €9,794 (+516.1%), from €1,898 to €11,692
- Depreciation +€7,271
up €7,271 (+1248.3%), from €582 to €7,854
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.
Cash bridge derived
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 | €1,131,010 | €1,213,902 | +€82,892 | +7.3% |
| Fixed assets | 21/28 | €1,518 | €18,527 | +€17,009 | +1120.7% |
| Tangible fixed assets | 22/27 | €1,518 | €18,527 | +€17,009 | +1120.7% |
| Plant, machinery and equipment | 23 | - | €728 | +€728 | |
| Furniture and vehicles | 24 | €1,518 | €17,799 | +€16,281 | +1072.8% |
| Current assets | 29/58 | €1,129,492 | €1,195,375 | +€65,883 | +5.8% |
| Stocks and contracts in progress | 3 | €1,092,613 | €620,629 | -€471,983 | -43.2% |
| Stocks | 30/36 | €969,086 | €615,006 | -€354,080 | -36.5% |
| Contracts in progress | 37 | €123,526 | €5,623 | -€117,903 | -95.4% |
| Amounts receivable within one year | 40/41 | €6,305 | €14,386 | +€8,081 | +128.2% |
| Trade receivables | 40 | - | €4,165 | +€4,165 | |
| Other amounts receivable | 41 | €6,305 | €10,221 | +€3,916 | +62.1% |
| Cash at bank and in hand | 54/58 | €29,964 | €560,360 | +€530,396 | +1770.1% |
| Deferred charges and accrued income | 490/1 | €611 | €0 | -€611 | -100.0% |
| Total equity and liabilities | 10/49 | €1,131,010 | €1,213,902 | +€82,892 | +7.3% |
| Equity | 10/15 | -€32,281 | €558,565 | +€590,846 | |
| Contributions | 10/11 | €50,000 | €450,000 | +€400,000 | +800.0% |
| Reserves | 13 | - | €108,565 | +€108,565 | |
| Distributable reserves | 133 | - | €108,565 | +€108,565 | |
| Profit (loss) carried forward | 14 | -€82,281 | €0 | +€82,281 | |
| Amounts payable | 17/49 | €1,163,291 | €655,337 | -€507,954 | -43.7% |
| Amounts payable after more than one year | 17 | €955,000 | €555,000 | -€400,000 | -41.9% |
| Financial debts | 170/4 | €955,000 | €555,000 | -€400,000 | -41.9% |
| Amounts payable within one year | 42/48 | €208,291 | €59,739 | -€148,552 | -71.3% |
| Trade debts | 44 | €3,198 | €8,571 | +€5,373 | +168.0% |
| Suppliers | 440/4 | €3,198 | €8,571 | +€5,373 | +168.0% |
| Advances received on contracts in progress | 46 | €160,000 | €0 | -€160,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,234 | €5,263 | +€3,029 | +135.6% |
| Taxes | 450/3 | €2,234 | €5,263 | +€3,029 | +135.6% |
| Other amounts payable | 47/48 | €42,859 | €45,905 | +€3,046 | +7.1% |
| Accrued charges and deferred income | 492/3 | - | €40,598 | +€40,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €7,854 | +€7,271 | +1248.3% |
| Other operating charges | 640/8 | €1,898 | €11,692 | +€9,794 | +516.1% |
| Gross operating margin | 9900 | -€7,998 | €295,944 | +€303,942 | |
| Operating profit (loss) | 9901 | -€10,478 | €276,398 | +€286,876 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €179 | €43,530 | +€43,351 | +24206.2% |
| Recurring financial charges | 65 | €179 | €43,530 | +€43,351 | +24206.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,658 | €232,868 | +€243,525 | |
| Income taxes | 67/77 | - | €42,021 | +€42,021 | |
| Profit (loss) for the period | 9904 | -€10,658 | €190,846 | +€201,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,658 | €190,846 | +€201,504 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.