PILLE FABRICE: 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.
PILLE FABRICE
Largest movements
- Tangible fixed assets -€104,855
down €104,855 (-38.9%), from €269,874 to €165,020
of which Furniture and vehicles: -€90,132
- Receivables within one year +€100,379
up €100,379 (+80.0%), from €125,416 to €225,794
of which Other amounts receivable: +€64,879
- Cash -€14,615
down €14,615 (-44.8%), from €32,642 to €18,027
mainly Receivables within one year (-€100,379) and Debts after one year (-€34,717)
- Debts after one year -€34,717
down €34,717 (-46.0%), from €75,401 to €40,684
- Reserves +€6,971
up €6,971 (+1.5%), from €463,712 to €470,683
of which Distributable reserves: +€6,971
- Gross operating margin -€17,683
down €17,683 (-23.6%), from €74,787 to €57,104
- Depreciation -€12,459
down €12,459 (-25.2%), from €49,508 to €37,049
- Taxes +€2,263
up €2,263 (+29.6%), from €7,655 to €9,918
- Financial income +€1,165
up €1,165 (+12.9%), from €9,010 to €10,175
- Financial charges +€1,026
up €1,026 (+28.2%), from €3,636 to €4,662
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 | €609,259 | €589,920 | -€19,338 | -3.2% |
| Fixed assets | 21/28 | €349,874 | €245,020 | -€104,855 | -30.0% |
| Tangible fixed assets | 22/27 | €269,874 | €165,020 | -€104,855 | -38.9% |
| Land and buildings | 22 | €149,114 | €135,877 | -€13,236 | -8.9% |
| Plant, machinery and equipment | 23 | €2,049 | €563 | -€1,486 | -72.5% |
| Furniture and vehicles | 24 | €118,711 | €28,579 | -€90,132 | -75.9% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €259,384 | €344,901 | +€85,516 | +33.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,416 | €225,794 | +€100,379 | +80.0% |
| Trade receivables | 40 | €15,000 | €50,500 | +€35,500 | +237% |
| Other amounts receivable | 41 | €110,416 | €175,294 | +€64,879 | +58.8% |
| Cash at bank and in hand | 54/58 | €32,642 | €18,027 | -€14,615 | -44.8% |
| Deferred charges and accrued income | 490/1 | €1,327 | €1,079 | -€248 | -18.7% |
| Total equity and liabilities | 10/49 | €609,259 | €589,920 | -€19,338 | -3.2% |
| Equity | 10/15 | €484,469 | €491,439 | +€6,971 | +1.4% |
| Contributions | 10/11 | €20,757 | €20,757 | = | 0.0% |
| Reserves | 13 | €463,712 | €470,683 | +€6,971 | +1.5% |
| Tax-exempt reserves | 132 | €56,423 | €56,423 | = | 0.0% |
| Distributable reserves | 133 | €407,290 | €414,260 | +€6,971 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,790 | €98,481 | -€26,309 | -21.1% |
| Amounts payable after more than one year | 17 | €75,401 | €40,684 | -€34,717 | -46.0% |
| Financial debts | 170/4 | €75,401 | €40,684 | -€34,717 | -46.0% |
| Amounts payable within one year | 42/48 | €45,263 | €53,669 | +€8,406 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €35,436 | €34,717 | -€719 | -2.0% |
| Financial debts | 43 | €0 | €3,364 | +€3,364 | |
| Credit institutions | 430/8 | - | €3,364 | +€3,364 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €392 | €2,328 | +€1,936 | +494% |
| Suppliers | 440/4 | €392 | €2,328 | +€1,936 | +494% |
| Taxes, remuneration and social security | 45 | €9,399 | €7,915 | -€1,485 | -15.8% |
| Taxes | 450/3 | €5,249 | €4,365 | -€885 | -16.9% |
| Remuneration and social security | 454/9 | €4,150 | €3,550 | -€600 | -14.5% |
| Other amounts payable | 47/48 | €35 | €5,345 | +€5,310 | +15,072% |
| Accrued charges and deferred income | 492/3 | €4,126 | €4,128 | +€2 | 0.0% |
| Non-recurring operating income | 76A | - | €2,144 | +€2,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,508 | €37,049 | -€12,459 | -25.2% |
| Other operating charges | 640/8 | €3,048 | €3,370 | +€322 | +10.6% |
| Gross operating margin | 9900 | €74,787 | €57,104 | -€17,683 | -23.6% |
| Operating profit (loss) | 9901 | €22,231 | €16,686 | -€5,546 | -24.9% |
| Financial income | 75/76B | €9,010 | €10,175 | +€1,165 | +12.9% |
| Recurring financial income | 75 | €9,010 | €10,175 | +€1,165 | +12.9% |
| Financial charges | 65/66B | €3,636 | €4,662 | +€1,026 | +28.2% |
| Recurring financial charges | 65 | €3,636 | €4,662 | +€1,026 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €27,606 | €22,199 | -€5,407 | -19.6% |
| Income taxes | 67/77 | €7,655 | €9,918 | +€2,263 | +29.6% |
| Profit (loss) for the period | 9904 | €19,951 | €12,281 | -€7,669 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,951 | €12,281 | -€7,669 | -38.4% |
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 31 October 2026 via checked.be.