PILLI: 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.
PILLI
Largest movements
- Tangible fixed assets +€485,479
up €485,479 (+20.8%), from €2.3m to €2.8m
of which Land and buildings: +€485,698
- Receivables within one year -€183,892
down €183,892 (-49.6%), from €370,547 to €186,655
of which Trade receivables: -€284,423
- Revaluation surpluses +€521,000
up €521,000 (+93.0%), from €560,000 to €1.1m
- Other debts -€465,955
down €465,955 (-99.9%), from €466,355 to €400
- Debts after one year +€441,938
up €441,938 (+18.5%), from €2.4m to €2.8m
of which Other amounts payable: +€441,938
- Profit (loss) carried forward -€167,717
down €167,717, from €145,098 to -€22,619
- Current portion of long-term debt -€57,839
down €57,839 (-52.6%), from €110,008 to €52,169
- Gross operating margin -€148,858
down €148,858, from €35,550 to -€113,308
- Financial charges -€48,742
down €48,742 (-87.1%), from €55,948 to €7,206
- Depreciation -€3,694
down €3,694 (-9.4%), from €39,215 to €35,521
- Other operating charges -€3,251
down €3,251 (-21.8%), from €14,933 to €11,682
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,866,445 | €4,169,047 | +€302,602 | +7.8% |
| Fixed assets | 21/28 | €3,459,818 | €3,945,297 | +€485,479 | +14.0% |
| Tangible fixed assets | 22/27 | €2,334,818 | €2,820,297 | +€485,479 | +20.8% |
| Land and buildings | 22 | €2,298,343 | €2,784,041 | +€485,698 | +21.1% |
| Plant, machinery and equipment | 23 | €36,475 | €36,256 | -€219 | -0.6% |
| Financial fixed assets | 28 | €1,125,000 | €1,125,000 | = | 0.0% |
| Current assets | 29/58 | €406,627 | €223,750 | -€182,877 | -45.0% |
| Amounts receivable within one year | 40/41 | €370,547 | €186,655 | -€183,892 | -49.6% |
| Trade receivables | 40 | €303,397 | €18,974 | -€284,423 | -93.7% |
| Other amounts receivable | 41 | €67,150 | €167,681 | +€100,531 | +149.7% |
| Cash at bank and in hand | 54/58 | €11,110 | €16,121 | +€5,011 | +45.1% |
| Deferred charges and accrued income | 490/1 | €24,970 | €20,974 | -€3,996 | -16.0% |
| Total equity and liabilities | 10/49 | €3,866,445 | €4,169,047 | +€302,602 | +7.8% |
| Equity | 10/15 | €852,904 | €1,206,187 | +€353,283 | +41.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | €560,000 | €1,081,000 | +€521,000 | +93.0% |
| Reserves | 13 | €97,806 | €97,806 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €92,806 | €92,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,098 | -€22,619 | -€167,717 | |
| Amounts payable | 17/49 | €3,013,541 | €2,962,860 | -€50,681 | -1.7% |
| Amounts payable after more than one year | 17 | €2,388,396 | €2,830,334 | +€441,938 | +18.5% |
| Financial debts | 170/4 | €1,001,150 | €1,001,150 | = | 0.0% |
| Other amounts payable | 178/9 | €1,387,246 | €1,829,184 | +€441,938 | +31.9% |
| Amounts payable within one year | 42/48 | €625,145 | €132,526 | -€492,619 | -78.8% |
| Current portion of amounts payable after more than one year | 42 | €110,008 | €52,169 | -€57,839 | -52.6% |
| Trade debts | 44 | €10,824 | €30,258 | +€19,434 | +179.5% |
| Suppliers | 440/4 | €10,824 | €30,258 | +€19,434 | +179.5% |
| Taxes, remuneration and social security | 45 | €37,958 | €49,699 | +€11,741 | +30.9% |
| Taxes | 450/3 | €37,958 | €49,699 | +€11,741 | +30.9% |
| Other amounts payable | 47/48 | €466,355 | €400 | -€465,955 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,215 | €35,521 | -€3,694 | -9.4% |
| Other operating charges | 640/8 | €14,933 | €11,682 | -€3,251 | -21.8% |
| Gross operating margin | 9900 | €35,550 | -€113,308 | -€148,858 | |
| Operating profit (loss) | 9901 | -€18,598 | -€160,511 | -€141,913 | -763.1% |
| Financial charges | 65/66B | €55,948 | €7,206 | -€48,742 | -87.1% |
| Recurring financial charges | 65 | €55,948 | €7,206 | -€48,742 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | -€74,546 | -€167,717 | -€93,171 | -125.0% |
| Profit (loss) for the period | 9904 | -€74,546 | -€167,717 | -€93,171 | -125.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,546 | -€167,717 | -€93,171 | -125.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.