PILI CONSTRUCT: 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.
PILI CONSTRUCT
Largest movements
- Receivables within one year +€20,694
up €20,694 (+2754.9%), from €751 to €21,445
of which Other amounts receivable: +€13,700
- Cash +€3,606
up €3,606 (+297.8%), from €1,211 to €4,817
mainly Net result for the year (+€22,782) and Trade debts (+€2,995)
- Tangible fixed assets +€967
up €967 (+2293.6%), from €42 to €1,009
- Reserves +€22,782
up €22,782 (+76.5%), from €29,763 to €52,545
- Trade debts +€2,995
up €2,995 (+79.4%), from €3,775 to €6,770
- Gross operating margin +€15,996
up €15,996 (+147.1%), from €10,877 to €26,872
- Taxes +€4,987
new in 2025: €4,987
- Staff costs -€785
no longer reported in 2025 (was €785)
- Financial income +€401
up €401 (+40.4%), from €993 to €1,394
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 | €37,205 | €62,962 | +€25,757 | +69.2% |
| Fixed assets | 21/28 | €42 | €1,009 | +€967 | +2293.6% |
| Tangible fixed assets | 22/27 | €42 | €1,009 | +€967 | +2293.6% |
| Plant, machinery and equipment | 23 | €42 | €1,009 | +€967 | +2293.6% |
| Current assets | 29/58 | €37,163 | €61,954 | +€24,790 | +66.7% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €751 | €21,445 | +€20,694 | +2754.9% |
| Trade receivables | 40 | €636 | €7,630 | +€6,994 | +1099.7% |
| Other amounts receivable | 41 | €115 | €13,815 | +€13,700 | +11896.1% |
| Cash at bank and in hand | 54/58 | €1,211 | €4,817 | +€3,606 | +297.8% |
| Deferred charges and accrued income | 490/1 | €201 | €692 | +€490 | +243.7% |
| Total equity and liabilities | 10/49 | €37,205 | €62,962 | +€25,757 | +69.2% |
| Equity | 10/15 | €31,568 | €54,350 | +€22,782 | +72.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,763 | €52,545 | +€22,782 | +76.5% |
| Distributable reserves | 133 | €29,763 | €52,545 | +€22,782 | +76.5% |
| Profit (loss) carried forward | 14 | -€3,195 | -€3,195 | = | 0.0% |
| Amounts payable | 17/49 | €5,638 | €8,613 | +€2,975 | +52.8% |
| Amounts payable within one year | 42/48 | €5,638 | €8,613 | +€2,975 | +52.8% |
| Trade debts | 44 | €3,775 | €6,770 | +€2,995 | +79.4% |
| Suppliers | 440/4 | €3,775 | €6,770 | +€2,995 | +79.4% |
| Taxes, remuneration and social security | 45 | €1,606 | €1,843 | +€237 | +14.7% |
| Taxes | 450/3 | €481 | €1,843 | +€1,362 | +283.1% |
| Remuneration and social security | 454/9 | €1,125 | - | -€1,125 | |
| Other amounts payable | 47/48 | €257 | - | -€257 | |
| Remuneration, social security and pensions | 62 | €785 | - | -€785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265 | €197 | -€68 | -25.6% |
| Gross operating margin | 9900 | €10,877 | €26,872 | +€15,996 | +147.1% |
| Operating profit (loss) | 9901 | €9,826 | €26,675 | +€16,849 | +171.5% |
| Financial income | 75/76B | €993 | €1,394 | +€401 | +40.4% |
| Recurring financial income | 75 | €993 | €1,394 | +€401 | +40.4% |
| Financial charges | 65/66B | €377 | €301 | -€76 | -20.1% |
| Recurring financial charges | 65 | €377 | €301 | -€76 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €10,443 | €27,769 | +€17,326 | +165.9% |
| Income taxes | 67/77 | - | €4,987 | +€4,987 | |
| Profit (loss) for the period | 9904 | €10,443 | €22,782 | +€12,339 | +118.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,443 | €22,782 | +€12,339 | +118.2% |
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 3 October 2026 via checked.be.