PILARIO: 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.
PILARIO
Largest movements
- Receivables within one year -€56,561
down €56,561 (-16.7%), from €338,234 to €281,672
of which Trade receivables: -€42,372
- Cash +€44,608
up €44,608 (+42.1%), from €106,080 to €150,688
mainly Contributions, distributions and other (+€886,890) and Depreciation (+€382,894)
- Intangible fixed assets +€44,347
up €44,347 (+4.6%), from €969,791 to €1.0m
- Deferred charges and accrued income +€35,464
up €35,464 (+234%), from €15,143 to €50,607
- Contributions +€886,890
up €886,890 (+59.1%), from €1.5m to €2.4m
- Debts after one year -€449,712
down €449,712 (-55.1%), from €815,567 to €365,855
- Profit (loss) carried forward -€381,795
down €381,795 (-22.9%), from -€1.7m to -€2.0m
- Trade debts -€108,681
down €108,681 (-51.5%), from €211,163 to €102,482
- Accrued charges and deferred income +€103,943
up €103,943 (+29.5%), from €352,825 to €456,768
- Gross operating margin +€647,697
up €647,697, from -€366,202 to €281,495
- Other operating charges -€50,373
down €50,373 (-100.0%), from €50,387 to €15
- Depreciation +€47,194
up €47,194 (+14.1%), from €335,700 to €382,894
- Financial charges -€20,540
down €20,540 (-35.9%), from €57,144 to €36,604
- Staff costs -€19,810
down €19,810 (-7.5%), from €263,511 to €243,701
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 | €1,440,352 | €1,504,910 | +€64,558 | +4.5% |
| Fixed assets | 21/28 | €980,895 | €1,021,943 | +€41,048 | +4.2% |
| Intangible fixed assets | 21 | €969,791 | €1,014,138 | +€44,347 | +4.6% |
| Tangible fixed assets | 22/27 | €9,604 | €6,305 | -€3,300 | -34.4% |
| Plant, machinery and equipment | 23 | €5,282 | €4,724 | -€558 | -10.6% |
| Furniture and vehicles | 24 | €4,322 | €1,581 | -€2,742 | -63.4% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €459,457 | €482,968 | +€23,511 | +5.1% |
| Amounts receivable within one year | 40/41 | €338,234 | €281,672 | -€56,561 | -16.7% |
| Trade receivables | 40 | €323,290 | €280,919 | -€42,372 | -13.1% |
| Other amounts receivable | 41 | €14,943 | €753 | -€14,190 | -95.0% |
| Cash at bank and in hand | 54/58 | €106,080 | €150,688 | +€44,608 | +42.1% |
| Deferred charges and accrued income | 490/1 | €15,143 | €50,607 | +€35,464 | +234% |
| Total equity and liabilities | 10/49 | €1,440,352 | €1,504,910 | +€64,558 | +4.5% |
| Equity | 10/15 | -€163,561 | €341,534 | +€505,095 | |
| Contributions | 10/11 | €1,501,500 | €2,388,390 | +€886,890 | +59.1% |
| Capital | 10 | €1,501,500 | €2,388,390 | +€886,890 | +59.1% |
| Issued capital | 100 | €1,501,500 | €2,388,390 | +€886,890 | +59.1% |
| Profit (loss) carried forward | 14 | -€1,665,061 | -€2,046,856 | -€381,795 | -22.9% |
| Amounts payable | 17/49 | €1,603,913 | €1,163,377 | -€440,537 | -27.5% |
| Amounts payable after more than one year | 17 | €815,567 | €365,855 | -€449,712 | -55.1% |
| Financial debts | 170/4 | €815,567 | €365,855 | -€449,712 | -55.1% |
| Amounts payable within one year | 42/48 | €435,521 | €340,754 | -€94,767 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €189,705 | €199,712 | +€10,007 | +5.3% |
| Financial debts | 43 | €2,894 | €3,587 | +€694 | +24.0% |
| Credit institutions | 430/8 | - | €3,587 | +€3,587 | |
| Other loans | 439 | €2,894 | - | -€2,894 | |
| Trade debts | 44 | €211,163 | €102,482 | -€108,681 | -51.5% |
| Suppliers | 440/4 | €211,163 | €102,482 | -€108,681 | -51.5% |
| Taxes, remuneration and social security | 45 | €31,759 | €34,972 | +€3,213 | +10.1% |
| Taxes | 450/3 | €31,759 | €10,135 | -€21,624 | -68.1% |
| Remuneration and social security | 454/9 | - | €24,837 | +€24,837 | |
| Accrued charges and deferred income | 492/3 | €352,825 | €456,768 | +€103,943 | +29.5% |
| Remuneration, social security and pensions | 62 | €263,511 | €243,701 | -€19,810 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335,700 | €382,894 | +€47,194 | +14.1% |
| Other operating charges | 640/8 | €50,387 | €15 | -€50,373 | -100.0% |
| Gross operating margin | 9900 | -€366,202 | €281,495 | +€647,697 | |
| Operating profit (loss) | 9901 | -€1,015,801 | -€345,115 | +€670,685 | +66.0% |
| Financial income | 75/76B | €920 | €227 | -€693 | -75.3% |
| Recurring financial income | 75 | €920 | €227 | -€693 | -75.3% |
| Financial charges | 65/66B | €57,144 | €36,604 | -€20,540 | -35.9% |
| Recurring financial charges | 65 | €57,144 | €36,604 | -€20,540 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,072,024 | -€381,492 | +€690,532 | +64.4% |
| Income taxes | 67/77 | - | €303 | +€303 | |
| Profit (loss) for the period | 9904 | -€1,072,024 | -€381,795 | +€690,229 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,072,024 | -€381,795 | +€690,229 | +64.4% |
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 24 October 2026 via checked.be.