PILE MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€17,190
up €17,190 (+1304.2%), from €1,318 to €18,508
of which Land and buildings: +€9,855
- Receivables within one year +€15,970
up €15,970 (+352.8%), from €4,526 to €20,496
of which Trade receivables: +€12,851
- Cash -€6,477
down €6,477 (-18.1%), from €35,761 to €29,284
mainly Investment in fixed assets (net) (-€19,192) and Receivables within one year (-€15,970)
- Profit (loss) carried forward +€23,293
up €23,293 (+70.8%), from €32,877 to €56,170
- Tax, wage and social debts +€1,815
up €1,815 (+41.5%), from €4,371 to €6,187
- Trade debts +€1,310
up €1,310 (+245.9%), from €533 to €1,843
- Gross operating margin -€9,213
down €9,213 (-21.3%), from €43,161 to €33,948
- Taxes -€2,383
down €2,383 (-24.6%), from €9,695 to €7,312
- Depreciation +€1,530
up €1,530 (+324.1%), from €472 to €2,002
- Financial charges +€1,525
up €1,525 (+4588.0%), from €33 to €1,558
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 | €41,605 | €68,287 | +€26,682 | +64.1% |
| Fixed assets | 21/28 | €1,318 | €18,508 | +€17,190 | +1304.2% |
| Tangible fixed assets | 22/27 | €1,318 | €18,508 | +€17,190 | +1304.2% |
| Land and buildings | 22 | - | €9,855 | +€9,855 | |
| Plant, machinery and equipment | 23 | - | €1,233 | +€1,233 | |
| Furniture and vehicles | 24 | €1,318 | €7,420 | +€6,102 | +462.9% |
| Current assets | 29/58 | €40,287 | €49,780 | +€9,493 | +23.6% |
| Amounts receivable within one year | 40/41 | €4,526 | €20,496 | +€15,970 | +352.8% |
| Trade receivables | 40 | €2,221 | €15,072 | +€12,851 | +578.7% |
| Other amounts receivable | 41 | €2,305 | €5,424 | +€3,119 | +135.3% |
| Cash at bank and in hand | 54/58 | €35,761 | €29,284 | -€6,477 | -18.1% |
| Total equity and liabilities | 10/49 | €41,605 | €68,287 | +€26,682 | +64.1% |
| Equity | 10/15 | €35,377 | €58,670 | +€23,293 | +65.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,877 | €56,170 | +€23,293 | +70.8% |
| Amounts payable | 17/49 | €6,228 | €9,617 | +€3,389 | +54.4% |
| Amounts payable within one year | 42/48 | €6,228 | €9,617 | +€3,389 | +54.4% |
| Trade debts | 44 | €533 | €1,843 | +€1,310 | +245.9% |
| Suppliers | 440/4 | €533 | €1,843 | +€1,310 | +245.9% |
| Taxes, remuneration and social security | 45 | €4,371 | €6,187 | +€1,815 | +41.5% |
| Taxes | 450/3 | €4,371 | €6,187 | +€1,815 | +41.5% |
| Other amounts payable | 47/48 | €1,324 | €1,588 | +€264 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €2,002 | +€1,530 | +324.1% |
| Other operating charges | 640/8 | €143 | €223 | +€80 | +56.0% |
| Gross operating margin | 9900 | €43,161 | €33,948 | -€9,213 | -21.3% |
| Operating profit (loss) | 9901 | €42,546 | €31,722 | -€10,824 | -25.4% |
| Financial income | 75/76B | €59 | €440 | +€381 | +647.7% |
| Recurring financial income | 75 | €59 | €440 | +€381 | +647.7% |
| Financial charges | 65/66B | €33 | €1,558 | +€1,525 | +4588.0% |
| Recurring financial charges | 65 | €33 | €1,558 | +€1,525 | +4588.0% |
| Profit (loss) for the period before taxes | 9903 | €42,572 | €30,605 | -€11,967 | -28.1% |
| Income taxes | 67/77 | €9,695 | €7,312 | -€2,383 | -24.6% |
| Profit (loss) for the period | 9904 | €32,877 | €23,293 | -€9,584 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,877 | €23,293 | -€9,584 | -29.2% |
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.