PILCRAFT: 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.
PILCRAFT
Largest movements
- Receivables within one year +€133,453
up €133,453, from €0 to €133,453
of which Trade receivables: +€129,023
- Cash -€103,871
down €103,871 (-99.6%), from €104,239 to €368
mainly Receivables within one year (-€133,453) and Investment in fixed assets (net) (-€14,773)
- Financial fixed assets +€6,970
new in 2025: €6,970
- Tangible fixed assets +€6,854
new in 2025: €6,854
of which Furniture and vehicles: +€3,841
- Trade debts +€37,012
up €37,012 (+33395.1%), from €111 to €37,123
- Profit (loss) carried forward +€15,865
new in 2025: €15,865
- Other debts -€5,965
down €5,965 (-76.6%), from €7,784 to €1,818
- Tax, wage and social debts -€3,232
down €3,232 (-14.7%), from €22,035 to €18,803
- Gross operating margin -€40,354
down €40,354 (-64.8%), from €62,283 to €21,929
- Taxes -€7,992
down €7,992 (-63.1%), from €12,668 to €4,675
- Depreciation +€949
new in 2025: €949
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 | €104,239 | €147,918 | +€43,679 | +41.9% |
| Fixed assets | 21/28 | - | €13,824 | +€13,824 | |
| Tangible fixed assets | 22/27 | - | €6,854 | +€6,854 | |
| Plant, machinery and equipment | 23 | - | €3,013 | +€3,013 | |
| Furniture and vehicles | 24 | - | €3,841 | +€3,841 | |
| Financial fixed assets | 28 | - | €6,970 | +€6,970 | |
| Current assets | 29/58 | €104,239 | €134,094 | +€29,855 | +28.6% |
| Amounts receivable within one year | 40/41 | €0 | €133,453 | +€133,453 | |
| Trade receivables | 40 | €0 | €129,023 | +€129,023 | |
| Other amounts receivable | 41 | - | €4,429 | +€4,429 | |
| Cash at bank and in hand | 54/58 | €104,239 | €368 | -€103,871 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €273 | +€273 | |
| Total equity and liabilities | 10/49 | €104,239 | €147,918 | +€43,679 | +41.9% |
| Equity | 10/15 | €74,309 | €90,174 | +€15,865 | +21.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €71,309 | €71,309 | = | 0.0% |
| Distributable reserves | 133 | €71,309 | €71,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,865 | +€15,865 | |
| Amounts payable | 17/49 | €29,930 | €57,744 | +€27,814 | +92.9% |
| Amounts payable within one year | 42/48 | €29,930 | €57,744 | +€27,814 | +92.9% |
| Trade debts | 44 | €111 | €37,123 | +€37,012 | +33395.1% |
| Suppliers | 440/4 | €111 | €37,123 | +€37,012 | +33395.1% |
| Taxes, remuneration and social security | 45 | €22,035 | €18,803 | -€3,232 | -14.7% |
| Taxes | 450/3 | €22,035 | €18,803 | -€3,232 | -14.7% |
| Other amounts payable | 47/48 | €7,784 | €1,818 | -€5,965 | -76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €949 | +€949 | |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €62,283 | €21,929 | -€40,354 | -64.8% |
| Operating profit (loss) | 9901 | €62,283 | €20,980 | -€41,303 | -66.3% |
| Financial income | 75/76B | €1 | €5 | +€4 | +472.6% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +472.6% |
| Financial charges | 65/66B | €132 | €446 | +€314 | +238.3% |
| Recurring financial charges | 65 | €132 | €446 | +€314 | +238.3% |
| Profit (loss) for the period before taxes | 9903 | €62,152 | €20,540 | -€41,612 | -67.0% |
| Income taxes | 67/77 | €12,668 | €4,675 | -€7,992 | -63.1% |
| Profit (loss) for the period | 9904 | €49,484 | €15,865 | -€33,620 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,484 | €15,865 | -€33,620 | -67.9% |
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 6 October 2026 via checked.be.