PILAR: 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.
PILAR
Largest movements
- Stocks and contracts +€16,312
up €16,312 (+2.2%), from €751,329 to €767,641
- Other debts +€47,027
up €47,027 (+21.8%), from €216,012 to €263,039
- Profit (loss) carried forward -€25,595
down €25,595, from €14,935 to -€10,660
- Gross operating margin -€91,198
down €91,198 (-89.2%), from €102,237 to €11,039
- Financial charges -€14,926
down €14,926 (-30.4%), from €49,052 to €34,125
- Taxes -€4,978
down €4,978 (-100.0%), from €4,978 to €0
- Other operating charges -€1,238
down €1,238 (-33.0%), from €3,748 to €2,510
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 | €764,713 | €773,872 | +€9,159 | +1.2% |
| Current assets | 29/58 | €764,713 | €773,872 | +€9,159 | +1.2% |
| Stocks and contracts in progress | 3 | €751,329 | €767,641 | +€16,312 | +2.2% |
| Stocks | 30/36 | €751,329 | €767,641 | +€16,312 | +2.2% |
| Cash at bank and in hand | 54/58 | €13,384 | €6,231 | -€7,153 | -53.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €764,713 | €773,872 | +€9,159 | +1.2% |
| Equity | 10/15 | €15,935 | -€9,660 | -€25,595 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,935 | -€10,660 | -€25,595 | |
| Amounts payable | 17/49 | €748,778 | €783,533 | +€34,755 | +4.6% |
| Amounts payable after more than one year | 17 | €520,000 | €520,000 | = | 0.0% |
| Financial debts | 170/4 | €520,000 | €520,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €228,778 | €263,533 | +€34,755 | +15.2% |
| Trade debts | 44 | €7,788 | €494 | -€7,294 | -93.7% |
| Suppliers | 440/4 | €7,788 | €494 | -€7,294 | -93.7% |
| Taxes, remuneration and social security | 45 | €4,978 | €0 | -€4,978 | -100.0% |
| Taxes | 450/3 | €4,978 | €0 | -€4,978 | -100.0% |
| Other amounts payable | 47/48 | €216,012 | €263,039 | +€47,027 | +21.8% |
| Other operating charges | 640/8 | €3,748 | €2,510 | -€1,238 | -33.0% |
| Gross operating margin | 9900 | €102,237 | €11,039 | -€91,198 | -89.2% |
| Operating profit (loss) | 9901 | €98,489 | €8,530 | -€89,959 | -91.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €49,052 | €34,125 | -€14,926 | -30.4% |
| Recurring financial charges | 65 | €49,052 | €34,125 | -€14,926 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €49,437 | -€25,595 | -€75,033 | |
| Income taxes | 67/77 | €4,978 | €0 | -€4,978 | -100.0% |
| Profit (loss) for the period | 9904 | €44,459 | -€25,595 | -€70,054 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,459 | -€25,595 | -€70,054 |
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 10 October 2026 via checked.be.