Pilasco: 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.
Pilasco
Largest movements
- Tangible fixed assets -€2,420
down €2,420 (-1.2%), from €205,220 to €202,800
- Debts after one year -€6,428
down €6,428 (-3.6%), from €176,182 to €169,754
- Other debts +€5,000
up €5,000 (+2500.9%), from €200 to €5,200
- Gross operating margin -€531
down €531 (-7.0%), from €7,584 to €7,053
- Financial charges -€216
down €216 (-10.1%), from €2,135 to €1,919
- Depreciation +€135
up €135 (+3.5%), from €3,897 to €4,032
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 | €207,714 | €206,650 | -€1,064 | -0.5% |
| Formation expenses | 20 | €763 | €476 | -€287 | -37.6% |
| Fixed assets | 21/28 | €205,220 | €202,800 | -€2,420 | -1.2% |
| Tangible fixed assets | 22/27 | €205,220 | €202,800 | -€2,420 | -1.2% |
| Land and buildings | 22 | €205,220 | €202,800 | -€2,420 | -1.2% |
| Current assets | 29/58 | €1,731 | €3,374 | +€1,643 | +94.9% |
| Amounts receivable within one year | 40/41 | €123 | €123 | = | 0.0% |
| Trade receivables | 40 | €123 | €123 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,607 | €3,251 | +€1,643 | +102.2% |
| Total equity and liabilities | 10/49 | €207,714 | €206,650 | -€1,064 | -0.5% |
| Equity | 10/15 | €25,105 | €25,215 | +€110 | +0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105 | €215 | +€110 | +105.1% |
| Amounts payable | 17/49 | €182,610 | €181,435 | -€1,174 | -0.6% |
| Amounts payable after more than one year | 17 | €176,182 | €169,754 | -€6,428 | -3.6% |
| Financial debts | 170/4 | €176,182 | €169,754 | -€6,428 | -3.6% |
| Amounts payable within one year | 42/48 | €6,428 | €11,682 | +€5,254 | +81.7% |
| Current portion of amounts payable after more than one year | 42 | €6,189 | €6,428 | +€239 | +3.9% |
| Taxes, remuneration and social security | 45 | €39 | €54 | +€14 | +36.9% |
| Taxes | 450/3 | €39 | €54 | +€14 | +36.9% |
| Other amounts payable | 47/48 | €200 | €5,200 | +€5,000 | +2500.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,897 | €4,032 | +€135 | +3.5% |
| Other operating charges | 640/8 | €949 | €977 | +€28 | +3.0% |
| Gross operating margin | 9900 | €7,584 | €7,053 | -€531 | -7.0% |
| Operating profit (loss) | 9901 | €2,738 | €2,044 | -€694 | -25.4% |
| Financial charges | 65/66B | €2,135 | €1,919 | -€216 | -10.1% |
| Recurring financial charges | 65 | €2,135 | €1,919 | -€216 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €604 | €125 | -€479 | -79.3% |
| Income taxes | 67/77 | €39 | €14 | -€25 | -63.1% |
| Profit (loss) for the period | 9904 | €564 | €110 | -€454 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €564 | €110 | -€454 | -80.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.