PILE ENGINEERING: 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.
PILE ENGINEERING
Largest movements
- Cash +€9,216
up €9,216 (+12.9%), from €71,285 to €80,501
mainly Net result for the year (+€62,060) and Other debts (+€44,704)
- Receivables within one year +€5,436
up €5,436 (+49.4%), from €10,997 to €16,433
- Tangible fixed assets -€4,815
down €4,815 (-68.1%), from €7,071 to €2,256
of which Furniture and vehicles: -€3,774
- Reserves -€47,958
down €47,958 (-87.2%), from €55,019 to €7,060
- Other debts +€44,704
up €44,704 (+1935.9%), from €2,309 to €47,013
- Tax, wage and social debts +€11,415
up €11,415 (+51.2%), from €22,306 to €33,722
- Trade debts +€2,496
up €2,496 (+34.4%), from €7,260 to €9,756
- Gross operating margin +€7,410
up €7,410 (+9.6%), from €77,012 to €84,422
- Depreciation -€1,701
down €1,701 (-26.1%), from €6,516 to €4,815
- Taxes +€1,611
up €1,611 (+10.7%), from €15,063 to €16,675
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 | €89,394 | €100,051 | +€10,658 | +11.9% |
| Fixed assets | 21/28 | €7,071 | €2,256 | -€4,815 | -68.1% |
| Tangible fixed assets | 22/27 | €7,071 | €2,256 | -€4,815 | -68.1% |
| Plant, machinery and equipment | 23 | €2,058 | €1,016 | -€1,042 | -50.6% |
| Furniture and vehicles | 24 | €5,013 | €1,240 | -€3,774 | -75.3% |
| Current assets | 29/58 | €82,322 | €97,795 | +€15,473 | +18.8% |
| Amounts receivable within one year | 40/41 | €10,997 | €16,433 | +€5,436 | +49.4% |
| Trade receivables | 40 | €10,997 | €16,433 | +€5,436 | +49.4% |
| Cash at bank and in hand | 54/58 | €71,285 | €80,501 | +€9,216 | +12.9% |
| Deferred charges and accrued income | 490/1 | €40 | €861 | +€821 | +2061.6% |
| Total equity and liabilities | 10/49 | €89,394 | €100,051 | +€10,658 | +11.9% |
| Equity | 10/15 | €57,519 | €9,560 | -€47,958 | -83.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €55,019 | €7,060 | -€47,958 | -87.2% |
| Distributable reserves | 133 | €55,019 | €7,060 | -€47,958 | -87.2% |
| Amounts payable | 17/49 | €31,875 | €90,491 | +€58,616 | +183.9% |
| Amounts payable within one year | 42/48 | €31,875 | €90,491 | +€58,616 | +183.9% |
| Trade debts | 44 | €7,260 | €9,756 | +€2,496 | +34.4% |
| Suppliers | 440/4 | €7,260 | €9,756 | +€2,496 | +34.4% |
| Taxes, remuneration and social security | 45 | €22,306 | €33,722 | +€11,415 | +51.2% |
| Taxes | 450/3 | €22,306 | €33,722 | +€11,415 | +51.2% |
| Other amounts payable | 47/48 | €2,309 | €47,013 | +€44,704 | +1935.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,516 | €4,815 | -€1,701 | -26.1% |
| Other operating charges | 640/8 | €323 | €876 | +€553 | +171.3% |
| Gross operating margin | 9900 | €77,012 | €84,422 | +€7,410 | +9.6% |
| Operating profit (loss) | 9901 | €70,173 | €78,731 | +€8,559 | +12.2% |
| Financial income | 75/76B | - | €164 | +€164 | |
| Recurring financial income | 75 | - | €164 | +€164 | |
| Financial charges | 65/66B | €91 | €160 | +€70 | +76.9% |
| Recurring financial charges | 65 | €91 | €160 | +€70 | +76.9% |
| Profit (loss) for the period before taxes | 9903 | €70,082 | €78,735 | +€8,653 | +12.3% |
| Income taxes | 67/77 | €15,063 | €16,675 | +€1,611 | +10.7% |
| Profit (loss) for the period | 9904 | €55,019 | €62,060 | +€7,042 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,019 | €62,060 | +€7,042 | +12.8% |
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.