PILDING: 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.
PILDING
Largest movements
- Financial fixed assets -€300,000
down €300,000 (-100.0%), from €300,000 to €0
- Current investments +€281,088
new in 2025: €281,088
- Receivables after one year +€105,056
new in 2025: €105,056
- Receivables within one year -€74,829
down €74,829 (-92.1%), from €81,256 to €6,426
of which Other amounts receivable: -€75,841
- Cash +€9,028
up €9,028 (+32.4%), from €27,874 to €36,902
mainly Net result for the year (+€426,778) and Other debts (+€300,000)
- Debts after one year -€403,480
down €403,480 (-100.0%), from €403,480 to €0
of which Other amounts payable: -€403,480
- Other debts +€300,000
up €300,000, from €0 to €300,000
- Profit (loss) carried forward +€126,778
up €126,778, from -€26,607 to €100,171
- Current portion of long-term debt -€7,361
down €7,361 (-100.0%), from €7,361 to €0
- Financial charges -€489,673
down €489,673 (-97.7%), from €501,456 to €11,783
of which Non-recurring financial charges: -€467,419
- Financial income +€402,388
up €402,388 (+20444.7%), from €1,968 to €404,356
- Gross operating margin -€29,018
down €29,018 (-33.6%), from €86,303 to €57,285
- Depreciation -€14,964
down €14,964 (-77.3%), from €19,366 to €4,402
- Taxes +€6,081
up €6,081 (+167.4%), from €3,631 to €9,712
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 | €501,804 | €517,762 | +€15,958 | +3.2% |
| Formation expenses | 20 | €854 | €0 | -€854 | -100.0% |
| Fixed assets | 21/28 | €391,820 | €88,272 | -€303,548 | -77.5% |
| Tangible fixed assets | 22/27 | €91,820 | €88,272 | -€3,548 | -3.9% |
| Land and buildings | 22 | €91,820 | €88,272 | -€3,548 | -3.9% |
| Financial fixed assets | 28 | €300,000 | €0 | -€300,000 | -100.0% |
| Current assets | 29/58 | €109,130 | €429,490 | +€320,360 | +293.6% |
| Amounts receivable after more than one year | 29 | - | €105,056 | +€105,056 | |
| Other amounts receivable | 291 | - | €105,056 | +€105,056 | |
| Amounts receivable within one year | 40/41 | €81,256 | €6,426 | -€74,829 | -92.1% |
| Trade receivables | 40 | - | €1,011 | +€1,011 | |
| Other amounts receivable | 41 | €81,256 | €5,415 | -€75,841 | -93.3% |
| Current investments | 50/53 | - | €281,088 | +€281,088 | |
| Cash at bank and in hand | 54/58 | €27,874 | €36,902 | +€9,028 | +32.4% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €501,804 | €517,762 | +€15,958 | +3.2% |
| Equity | 10/15 | €87,393 | €214,171 | +€126,778 | +145.1% |
| Contributions | 10/11 | €114,000 | €114,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,607 | €100,171 | +€126,778 | |
| Amounts payable | 17/49 | €414,411 | €303,591 | -€110,820 | -26.7% |
| Amounts payable after more than one year | 17 | €403,480 | €0 | -€403,480 | -100.0% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €403,480 | €0 | -€403,480 | -100.0% |
| Amounts payable within one year | 42/48 | €10,930 | €303,499 | +€292,569 | +2676.7% |
| Current portion of amounts payable after more than one year | 42 | €7,361 | €0 | -€7,361 | -100.0% |
| Trade debts | 44 | €166 | €96 | -€70 | -42.3% |
| Suppliers | 440/4 | €166 | €96 | -€70 | -42.3% |
| Taxes, remuneration and social security | 45 | €3,403 | €3,403 | = | 0.0% |
| Taxes | 450/3 | €3,403 | €3,403 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | - | €92 | +€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,366 | €4,402 | -€14,964 | -77.3% |
| Other operating charges | 640/8 | €6,729 | €8,966 | +€2,237 | +33.2% |
| Gross operating margin | 9900 | €86,303 | €57,285 | -€29,018 | -33.6% |
| Operating profit (loss) | 9901 | €60,208 | €43,917 | -€16,291 | -27.1% |
| Financial income | 75/76B | €1,968 | €404,356 | +€402,388 | +20444.7% |
| Recurring financial income | 75 | €1,968 | €404,356 | +€402,388 | +20444.7% |
| Financial charges | 65/66B | €501,456 | €11,783 | -€489,673 | -97.7% |
| Recurring financial charges | 65 | €34,037 | €11,783 | -€22,253 | -65.4% |
| Non-recurring financial charges | 66B | €467,419 | €0 | -€467,419 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€439,280 | €436,490 | +€875,769 | |
| Income taxes | 67/77 | €3,631 | €9,712 | +€6,081 | +167.4% |
| Profit (loss) for the period | 9904 | -€442,911 | €426,778 | +€869,689 | |
| Profit (loss) for the period to be appropriated | 9905 | -€442,911 | €426,778 | +€869,689 |
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 3 October 2026 via checked.be.