PILEUS: 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.
PILEUS
Largest movements
- Receivables within one year -€102,279
down €102,279 (-90.3%), from €113,249 to €10,970
of which Other amounts receivable: -€102,279
- Cash -€5,074
down €5,074 (-98.1%), from €5,172 to €98
mainly Other debts (-€94,346) and Trade debts (-€7,832)
- Other debts -€94,346
down €94,346 (-32.7%), from €288,633 to €194,287
- Trade debts -€7,832
down €7,832 (-12.5%), from €62,531 to €54,699
- Current portion of long-term debt -€6,292
down €6,292 (-100%), from €6,292 to €0
- Profit (loss) carried forward +€5,545
up €5,545 (+2.5%), from -€225,127 to -€219,582
- Short-term financial debts -€4,930
down €4,930 (-100%), from €4,930 to €0
- Gross operating margin +€21,948
up €21,948, from -€21,744 to €204
- Other operating charges -€11,315
down €11,315 (-100%), from €11,315 to €0
- Financial income +€6,983
new in 2025: €6,983
of which Financial income: +€6,983
- Depreciation -€1,430
down €1,430 (-73.3%), from €1,951 to €521
- Financial charges -€600
down €600 (-34.8%), from €1,721 to €1,121
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 | €153,623 | €45,750 | -€107,873 | -70.2% |
| Fixed assets | 21/28 | €34,210 | €33,690 | -€521 | -1.5% |
| Tangible fixed assets | 22/27 | €521 | €0 | -€521 | -100% |
| Furniture and vehicles | 24 | €453 | €0 | -€453 | -100% |
| Other tangible fixed assets | 26 | €68 | €0 | -€68 | -100% |
| Financial fixed assets | 28 | €33,690 | €33,690 | = | 0.0% |
| Current assets | 29/58 | €119,413 | €12,060 | -€107,352 | -89.9% |
| Amounts receivable within one year | 40/41 | €113,249 | €10,970 | -€102,279 | -90.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €113,249 | €10,970 | -€102,279 | -90.3% |
| Current investments | 50/53 | €992 | €992 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,172 | €98 | -€5,074 | -98.1% |
| Total equity and liabilities | 10/49 | €153,623 | €45,750 | -€107,873 | -70.2% |
| Equity | 10/15 | -€210,867 | -€205,322 | +€5,545 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,127 | -€219,582 | +€5,545 | +2.5% |
| Amounts payable | 17/49 | €364,490 | €251,072 | -€113,418 | -31.1% |
| Amounts payable within one year | 42/48 | €364,490 | €251,072 | -€113,418 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €6,292 | €0 | -€6,292 | -100% |
| Financial debts | 43 | €4,930 | €0 | -€4,930 | -100% |
| Credit institutions | 430/8 | €4,930 | €0 | -€4,930 | -100% |
| Trade debts | 44 | €62,531 | €54,699 | -€7,832 | -12.5% |
| Suppliers | 440/4 | €62,531 | €54,699 | -€7,832 | -12.5% |
| Taxes, remuneration and social security | 45 | €2,104 | €2,087 | -€17 | -0.8% |
| Taxes | 450/3 | €2,104 | €2,087 | -€17 | -0.8% |
| Other amounts payable | 47/48 | €288,633 | €194,287 | -€94,346 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,951 | €521 | -€1,430 | -73.3% |
| Other operating charges | 640/8 | €11,315 | €0 | -€11,315 | -100% |
| Gross operating margin | 9900 | -€21,744 | €204 | +€21,948 | |
| Operating profit (loss) | 9901 | -€35,010 | -€317 | +€34,693 | +99.1% |
| Financial income | 75/76B | - | €6,983 | +€6,983 | |
| Recurring financial income | 75 | - | €6,983 | +€6,983 | |
| Non-recurring financial income | 76B | - | €6,983 | +€6,983 | |
| Financial charges | 65/66B | €1,721 | €1,121 | -€600 | -34.8% |
| Recurring financial charges | 65 | €1,721 | €1,121 | -€600 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€36,731 | €5,545 | +€42,276 | |
| Income taxes | 67/77 | €208 | €0 | -€208 | -100% |
| Profit (loss) for the period | 9904 | -€36,939 | €5,545 | +€42,484 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,939 | €5,545 | +€42,484 |
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.