PILIPILI: what changed
What changed
PILIPILI
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€112,393
2024 · €212,401-€100,008
Equity
€1.0m
2024 · €1.0m+€3,197
Cash
€383,833
2024 · €251,962+€131,872
Balance sheet total
€1.6m
2024 · €1.5m+€103,715
Largest movements
Assets
- Cash +€131,872
up €131,872 (+52.3%), from €251,962 to €383,833
mainly Net result for the year (+€112,393) and Depreciation (+€110,847)
- Intangible fixed assets -€61,811
down €61,811 (-44.9%), from €137,568 to €75,758
- Receivables within one year +€26,514
up €26,514 (+4.2%), from €636,265 to €662,779
of which Trade receivables: +€21,162
Equity and liabilities
- Short-term financial debts -€97,637
down €97,637 (-32.3%), from €302,154 to €204,517
- Other debts +€90,161
up €90,161 (+375%), from €24,035 to €114,196
- Advances received +€82,650
new in 2025: €82,650
- Trade debts -€24,519
down €24,519 (-63.3%), from €38,760 to €14,240
- Debts after one year +€20,811
new in 2025: €20,811
Income statement
- Gross operating margin -€272,194
down €272,194 (-19.5%), from €1.4m to €1.1m
- Write-downs -€101,549
down €101,549, from €57,083 to -€44,466
- Taxes -€30,125
down €30,125 (-41.6%), from €72,378 to €42,253
- Financial charges -€24,600
down €24,600 (-60.4%), from €40,724 to €16,124
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€212,401
Gross operating margin
-€272,194
Staff costs
-€2,808
Depreciation
-€3,632
Write-downs
+€101,549
Other operating charges
+€13,016
Financial income
+€9,335
Financial charges
+€24,600
Taxes
+€30,125
Result 2025
€112,393
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€360,863
Investment
-€55,604
Financing
-€173,387
Cash 2024
€251,962
From operations (derived)
+€360,863
Net result for the year
+€112,393
Depreciation
+€110,847
Stocks and contracts
+€1,271
Receivables within one year
-€26,514
Deferred charges and accrued income
-€1,844
Trade debts
-€24,519
Tax, wage and social debts
+€16,418
Advances received
+€82,650
Other debts
+€90,161
Investment (derived)
-€55,604
Investment in fixed assets (net)
-€55,604
Financing
-€173,387
Debts after one year
+€20,811
Current portion of long-term debt
+€12,636
Short-term financial debts
-€97,637
Contributions, distributions and other
-€109,196
Cash 2025
€383,833
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,460,025 | €1,563,741 | +€103,715 | +7.1% |
| Fixed assets | 21/28 | €357,158 | €301,915 | -€55,244 | -15.5% |
| Intangible fixed assets | 21 | €137,568 | €75,758 | -€61,811 | -44.9% |
| Tangible fixed assets | 22/27 | €219,590 | €226,157 | +€6,567 | +3.0% |
| Land and buildings | 22 | €176,728 | €162,054 | -€14,674 | -8.3% |
| Plant, machinery and equipment | 23 | €37,391 | €62,601 | +€25,209 | +67.4% |
| Furniture and vehicles | 24 | €5,471 | €1,503 | -€3,968 | -72.5% |
| Current assets | 29/58 | €1,102,867 | €1,261,826 | +€158,959 | +14.4% |
| Stocks and contracts in progress | 3 | €181,671 | €180,400 | -€1,271 | -0.7% |
| Stocks | 30/36 | €181,671 | €180,400 | -€1,271 | -0.7% |
| Amounts receivable within one year | 40/41 | €636,265 | €662,779 | +€26,514 | +4.2% |
| Trade receivables | 40 | €563,819 | €584,981 | +€21,162 | +3.8% |
| Other amounts receivable | 41 | €72,446 | €77,798 | +€5,352 | +7.4% |
| Cash at bank and in hand | 54/58 | €251,962 | €383,833 | +€131,872 | +52.3% |
| Deferred charges and accrued income | 490/1 | €32,970 | €34,813 | +€1,844 | +5.6% |
| Total equity and liabilities | 10/49 | €1,460,025 | €1,563,741 | +€103,715 | +7.1% |
| Equity | 10/15 | €1,005,713 | €1,008,909 | +€3,197 | +0.3% |
| Contributions | 10/11 | €245,000 | €245,000 | = | 0.0% |
| Capital | 10 | €245,000 | €245,000 | = | 0.0% |
| Issued capital | 100 | €245,000 | €245,000 | = | 0.0% |
| Reserves | 13 | €760,713 | €763,909 | +€3,197 | +0.4% |
| Non-distributable reserves | 130/1 | €24,500 | €24,500 | = | 0.0% |
| Legal reserve | 130 | €24,500 | €24,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,704 | €3,704 | = | 0.0% |
| Distributable reserves | 133 | €732,509 | €735,705 | +€3,197 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €454,313 | €554,831 | +€100,519 | +22.1% |
| Amounts payable after more than one year | 17 | - | €20,811 | +€20,811 | |
| Financial debts | 170/4 | - | €20,811 | +€20,811 | |
| Amounts payable within one year | 42/48 | €454,313 | €534,021 | +€79,708 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €12,636 | +€12,636 | |
| Financial debts | 43 | €302,154 | €204,517 | -€97,637 | -32.3% |
| Credit institutions | 430/8 | €302,154 | €204,517 | -€97,637 | -32.3% |
| Trade debts | 44 | €38,760 | €14,240 | -€24,519 | -63.3% |
| Suppliers | 440/4 | €38,760 | €14,240 | -€24,519 | -63.3% |
| Advances received on contracts in progress | 46 | - | €82,650 | +€82,650 | |
| Taxes, remuneration and social security | 45 | €89,364 | €105,782 | +€16,418 | +18.4% |
| Taxes | 450/3 | €6,585 | €10,372 | +€3,787 | +57.5% |
| Remuneration and social security | 454/9 | €82,779 | €95,410 | +€12,631 | +15.3% |
| Other amounts payable | 47/48 | €24,035 | €114,196 | +€90,161 | +375% |
| Remuneration, social security and pensions | 62 | €886,031 | €888,839 | +€2,808 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,215 | €110,847 | +€3,632 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,083 | -€44,466 | -€101,549 | |
| Other operating charges | 640/8 | €22,330 | €9,313 | -€13,016 | -58.3% |
| Gross operating margin | 9900 | €1,395,101 | €1,122,907 | -€272,194 | -19.5% |
| Operating profit (loss) | 9901 | €322,441 | €158,372 | -€164,069 | -50.9% |
| Financial income | 75/76B | €3,062 | €12,397 | +€9,335 | +305% |
| Recurring financial income | 75 | €3,062 | €12,397 | +€9,335 | +305% |
| Financial charges | 65/66B | €40,724 | €16,124 | -€24,600 | -60.4% |
| Recurring financial charges | 65 | €40,724 | €16,124 | -€24,600 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €284,779 | €154,645 | -€130,133 | -45.7% |
| Income taxes | 67/77 | €72,378 | €42,253 | -€30,125 | -41.6% |
| Profit (loss) for the period | 9904 | €212,401 | €112,393 | -€100,008 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €212,401 | €112,393 | -€100,008 | -47.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.