PILE OU FACE: what changed
Two financial 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 OU FACE
Largest movements
- Cash +€54,966
up €54,966 (+76.0%), from €72,312 to €127,278
mainly Net result for the year (+€40,446) and Other debts (+€19,711)
- Stocks and contracts +€31,618
up €31,618 (+7.4%), from €429,194 to €460,812
- Receivables within one year -€12,697
down €12,697 (-60.4%), from €21,010 to €8,313
of which Other amounts receivable: -€9,793
- Reserves +€30,000
up €30,000 (+46.9%), from €63,908 to €93,908
of which Distributable reserves: +€30,000
- Other debts +€19,711
up €19,711 (+40.2%), from €48,994 to €68,705
- Profit (loss) carried forward +€10,446
up €10,446 (+2.9%), from €355,391 to €365,837
- Tax, wage and social debts +€9,020
up €9,020 (+22.2%), from €40,717 to €49,737
of which Remuneration and social security: +€7,427
- Staff costs -€38,222
down €38,222 (-38.7%), from €98,767 to €60,545
- Other operating charges -€19,848
down €19,848 (-93.5%), from €21,221 to €1,374
- Gross operating margin -€13,795
down €13,795 (-9.9%), from €139,473 to €125,678
- Taxes +€10,271
up €10,271 (+101%), from €10,207 to €20,478
- Depreciation -€4,108
down €4,108 (-52.4%), from €7,836 to €3,728
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.
Derived cash bridge
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 | €546,310 | €617,092 | +€70,782 | +13.0% |
| Fixed assets | 21/28 | €22,459 | €18,731 | -€3,728 | -16.6% |
| Tangible fixed assets | 22/27 | €22,293 | €18,565 | -€3,728 | -16.7% |
| Plant, machinery and equipment | 23 | €11,430 | €9,653 | -€1,777 | -15.5% |
| Furniture and vehicles | 24 | €1,391 | €920 | -€471 | -33.9% |
| Other tangible fixed assets | 26 | €9,472 | €7,992 | -€1,479 | -15.6% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €523,851 | €598,360 | +€74,509 | +14.2% |
| Stocks and contracts in progress | 3 | €429,194 | €460,812 | +€31,618 | +7.4% |
| Stocks | 30/36 | €429,194 | €460,812 | +€31,618 | +7.4% |
| Amounts receivable within one year | 40/41 | €21,010 | €8,313 | -€12,697 | -60.4% |
| Trade receivables | 40 | €11,217 | €8,313 | -€2,904 | -25.9% |
| Other amounts receivable | 41 | €9,793 | - | -€9,793 | |
| Cash at bank and in hand | 54/58 | €72,312 | €127,278 | +€54,966 | +76.0% |
| Deferred charges and accrued income | 490/1 | €1,336 | €1,958 | +€622 | +46.6% |
| Total equity and liabilities | 10/49 | €546,310 | €617,092 | +€70,782 | +13.0% |
| Equity | 10/15 | €437,891 | €478,337 | +€40,446 | +9.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €63,908 | €93,908 | +€30,000 | +46.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €62,049 | €92,049 | +€30,000 | +48.3% |
| Profit (loss) carried forward | 14 | €355,391 | €365,837 | +€10,446 | +2.9% |
| Amounts payable | 17/49 | €108,419 | €138,754 | +€30,335 | +28.0% |
| Amounts payable within one year | 42/48 | €108,419 | €138,754 | +€30,335 | +28.0% |
| Financial debts | 43 | €1,667 | €1,667 | +€0 | 0.0% |
| Credit institutions | 430/8 | €1,667 | €1,667 | +€0 | 0.0% |
| Trade debts | 44 | €17,041 | €18,646 | +€1,605 | +9.4% |
| Suppliers | 440/4 | €17,041 | €18,646 | +€1,605 | +9.4% |
| Taxes, remuneration and social security | 45 | €40,717 | €49,737 | +€9,020 | +22.2% |
| Taxes | 450/3 | €32,846 | €34,439 | +€1,593 | +4.9% |
| Remuneration and social security | 454/9 | €7,871 | €15,298 | +€7,427 | +94.3% |
| Other amounts payable | 47/48 | €48,994 | €68,705 | +€19,711 | +40.2% |
| Remuneration, social security and pensions | 62 | €98,767 | €60,545 | -€38,222 | -38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,836 | €3,728 | -€4,108 | -52.4% |
| Other operating charges | 640/8 | €21,221 | €1,374 | -€19,848 | -93.5% |
| Gross operating margin | 9900 | €139,473 | €125,678 | -€13,795 | -9.9% |
| Operating profit (loss) | 9901 | €11,648 | €60,032 | +€48,383 | +415% |
| Financial income | 75/76B | €3,533 | €2,348 | -€1,186 | -33.6% |
| Recurring financial income | 75 | €3,533 | €2,348 | -€1,186 | -33.6% |
| Financial charges | 65/66B | €4,600 | €1,455 | -€3,145 | -68.4% |
| Recurring financial charges | 65 | €4,600 | €1,455 | -€3,145 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €10,581 | €60,924 | +€50,343 | +476% |
| Income taxes | 67/77 | €10,207 | €20,478 | +€10,271 | +101% |
| Profit (loss) for the period | 9904 | €374 | €40,446 | +€40,072 | +10,704% |
| Profit (loss) for the period to be appropriated | 9905 | €374 | €40,446 | +€40,072 | +10,704% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.