PILAX: 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.
PILAX
Largest movements
- Tangible fixed assets +€651,013
up €651,013 (+156.5%), from €415,902 to €1.1m
of which Land and buildings: +€644,709
- Cash -€191,173
down €191,173 (-73.7%), from €259,375 to €68,201
mainly Investment in fixed assets (net) (-€732,852) and Other debts (-€51,649)
- Receivables within one year -€49,728
down €49,728 (-99.5%), from €50,000 to €272
- Contributions +€219,000
up €219,000 (+1825.0%), from €12,000 to €231,000
- Debts after one year +€216,610
up €216,610 (+122.7%), from €176,598 to €393,207
- Other debts -€51,649
down €51,649 (-11.0%), from €470,000 to €418,351
- Current portion of long-term debt +€34,764
up €34,764 (+208.6%), from €16,666 to €51,430
- Trade debts -€16,731
down €16,731 (-98.3%), from €17,021 to €290
- Gross operating margin +€54,072
up €54,072 (+97.0%), from €55,742 to €109,814
- Depreciation +€49,698
up €49,698 (+154.6%), from €32,141 to €81,838
- Financial charges +€12,198
up €12,198 (+280.1%), from €4,355 to €16,552
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 | €725,276 | €1,135,388 | +€410,112 | +56.5% |
| Fixed assets | 21/28 | €415,902 | €1,066,915 | +€651,013 | +156.5% |
| Tangible fixed assets | 22/27 | €415,902 | €1,066,915 | +€651,013 | +156.5% |
| Land and buildings | 22 | €415,902 | €1,060,611 | +€644,709 | +155.0% |
| Furniture and vehicles | 24 | - | €6,304 | +€6,304 | |
| Current assets | 29/58 | €309,375 | €68,473 | -€240,901 | -77.9% |
| Amounts receivable within one year | 40/41 | €50,000 | €272 | -€49,728 | -99.5% |
| Trade receivables | 40 | €50,000 | €272 | -€49,728 | -99.5% |
| Cash at bank and in hand | 54/58 | €259,375 | €68,201 | -€191,173 | -73.7% |
| Total equity and liabilities | 10/49 | €725,276 | €1,135,388 | +€410,112 | +56.5% |
| Equity | 10/15 | €26,224 | €250,797 | +€224,573 | +856.4% |
| Contributions | 10/11 | €12,000 | €231,000 | +€219,000 | +1825.0% |
| Reserves | 13 | €14,224 | €19,797 | +€5,573 | +39.2% |
| Distributable reserves | 133 | €14,224 | €19,797 | +€5,573 | +39.2% |
| Amounts payable | 17/49 | €699,052 | €884,592 | +€185,540 | +26.5% |
| Amounts payable after more than one year | 17 | €176,598 | €393,207 | +€216,610 | +122.7% |
| Financial debts | 170/4 | €176,598 | €393,207 | +€216,610 | +122.7% |
| Amounts payable within one year | 42/48 | €513,654 | €491,384 | -€22,270 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €16,666 | €51,430 | +€34,764 | +208.6% |
| Trade debts | 44 | €17,021 | €290 | -€16,731 | -98.3% |
| Suppliers | 440/4 | €17,021 | €290 | -€16,731 | -98.3% |
| Taxes, remuneration and social security | 45 | €9,967 | €21,313 | +€11,346 | +113.8% |
| Taxes | 450/3 | €7,696 | €19,017 | +€11,320 | +147.1% |
| Remuneration and social security | 454/9 | €2,271 | €2,296 | +€26 | +1.1% |
| Other amounts payable | 47/48 | €470,000 | €418,351 | -€51,649 | -11.0% |
| Accrued charges and deferred income | 492/3 | €8,800 | - | -€8,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,141 | €81,838 | +€49,698 | +154.6% |
| Other operating charges | 640/8 | €854 | €1,933 | +€1,079 | +126.4% |
| Gross operating margin | 9900 | €55,742 | €109,814 | +€54,072 | +97.0% |
| Operating profit (loss) | 9901 | €22,747 | €26,042 | +€3,295 | +14.5% |
| Financial charges | 65/66B | €4,355 | €16,552 | +€12,198 | +280.1% |
| Recurring financial charges | 65 | €4,355 | €16,552 | +€12,198 | +280.1% |
| Profit (loss) for the period before taxes | 9903 | €18,393 | €9,490 | -€8,903 | -48.4% |
| Income taxes | 67/77 | €4,168 | €3,917 | -€251 | -6.0% |
| Profit (loss) for the period | 9904 | €14,224 | €5,573 | -€8,652 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,224 | €5,573 | -€8,652 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.