PILE POIL: 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 POIL
Largest movements
- Cash +€68,855
up €68,855 (+391%), from €17,608 to €86,463
mainly Receivables within one year (+€35,383) and Net result for the year (+€15,548)
- Receivables within one year -€35,383
down €35,383 (-63.7%), from €55,516 to €20,133
- Tangible fixed assets +€8,729
up €8,729 (+290%), from €3,015 to €11,744
of which Plant, machinery and equipment: +€9,696
- Reserves +€15,548
up €15,548 (+38.2%), from €40,749 to €56,297
of which Distributable reserves: +€15,548
- Tax, wage and social debts +€10,530
up €10,530 (+68.1%), from €15,465 to €25,995
- Trade debts +€9,835
up €9,835 (+163%), from €6,045 to €15,880
- Current portion of long-term debt +€4,137
new in 2025: €4,137
- Debts after one year +€1,784
new in 2025: €1,784
- Gross operating margin +€20,929
up €20,929 (+131%), from €15,926 to €36,855
- Write-downs +€9,491
new in 2025: €9,491
- Taxes +€3,573
up €3,573 (+96.0%), from €3,723 to €7,296
- Depreciation -€1,920
down €1,920 (-39.5%), from €4,855 to €2,935
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 | €76,177 | €118,378 | +€42,201 | +55.4% |
| Fixed assets | 21/28 | €3,053 | €11,782 | +€8,729 | +286% |
| Tangible fixed assets | 22/27 | €3,015 | €11,744 | +€8,729 | +290% |
| Plant, machinery and equipment | 23 | - | €9,696 | +€9,696 | |
| Furniture and vehicles | 24 | €3,015 | €2,048 | -€967 | -32.1% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €73,124 | €106,596 | +€33,472 | +45.8% |
| Amounts receivable within one year | 40/41 | €55,516 | €20,133 | -€35,383 | -63.7% |
| Trade receivables | 40 | €55,516 | €20,133 | -€35,383 | -63.7% |
| Cash at bank and in hand | 54/58 | €17,608 | €86,463 | +€68,855 | +391% |
| Total equity and liabilities | 10/49 | €76,177 | €118,378 | +€42,201 | +55.4% |
| Equity | 10/15 | €53,489 | €69,037 | +€15,548 | +29.1% |
| Contributions | 10/11 | €12,740 | €12,740 | = | 0.0% |
| Reserves | 13 | €40,749 | €56,297 | +€15,548 | +38.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €38,894 | €54,442 | +€15,548 | +40.0% |
| Amounts payable | 17/49 | €22,688 | €49,341 | +€26,653 | +117% |
| Amounts payable after more than one year | 17 | - | €1,784 | +€1,784 | |
| Financial debts | 170/4 | - | €1,784 | +€1,784 | |
| Amounts payable within one year | 42/48 | €22,688 | €47,557 | +€24,869 | +110% |
| Current portion of amounts payable after more than one year | 42 | - | €4,137 | +€4,137 | |
| Trade debts | 44 | €6,045 | €15,880 | +€9,835 | +163% |
| Suppliers | 440/4 | €6,045 | €15,880 | +€9,835 | +163% |
| Taxes, remuneration and social security | 45 | €15,465 | €25,995 | +€10,530 | +68.1% |
| Taxes | 450/3 | €15,465 | €25,995 | +€10,530 | +68.1% |
| Other amounts payable | 47/48 | €1,178 | €1,545 | +€367 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,855 | €2,935 | -€1,920 | -39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,491 | +€9,491 | |
| Other operating charges | 640/8 | €510 | €528 | +€18 | +3.5% |
| Non-recurring operating charges | 66A | - | €398 | +€398 | |
| Gross operating margin | 9900 | €15,926 | €36,855 | +€20,929 | +131% |
| Operating profit (loss) | 9901 | €10,561 | €23,503 | +€12,942 | +123% |
| Financial charges | 65/66B | €612 | €659 | +€47 | +7.7% |
| Recurring financial charges | 65 | €612 | €659 | +€47 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €9,949 | €22,844 | +€12,895 | +130% |
| Income taxes | 67/77 | €3,723 | €7,296 | +€3,573 | +96.0% |
| Profit (loss) for the period | 9904 | €6,226 | €15,548 | +€9,322 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €6,226 | €15,548 | +€9,322 | +150% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.