Pillows Brussels Centre: 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.
Pillows Brussels Centre
Largest movements
- Tangible fixed assets -€205,325
down €205,325 (-18.7%), from €1.1m to €894,266
of which Plant, machinery and equipment: -€196,953
- Receivables within one year +€62,946
up €62,946 (+86.6%), from €72,714 to €135,660
of which Trade receivables: +€49,670
- Cash -€37,683
down €37,683 (-17.1%), from €220,596 to €182,913
mainly Other debts (-€155,035) and Advances received (-€88,695)
- Other debts -€155,035
down €155,035 (-9.3%), from €1.7m to €1.5m
- Advances received -€88,695
down €88,695 (-57.7%), from €153,695 to €64,999
- Profit (loss) carried forward +€36,111
up €36,111 (+0.6%), from -€6.5m to -€6.5m
- Trade debts +€35,362
up €35,362 (+8.3%), from €424,043 to €459,404
- Staff costs +€150,351
up €150,351 (+10.0%), from €1.5m to €1.7m
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 | €1,546,003 | €1,368,639 | -€177,364 | -11.5% |
| Fixed assets | 21/28 | €1,144,991 | €940,416 | -€204,575 | -17.9% |
| Tangible fixed assets | 22/27 | €1,099,591 | €894,266 | -€205,325 | -18.7% |
| Land and buildings | 22 | €2,029 | €1,783 | -€246 | -12.1% |
| Plant, machinery and equipment | 23 | €1,089,436 | €892,483 | -€196,953 | -18.1% |
| Assets under construction and advance payments | 27 | €8,126 | €0 | -€8,126 | -100% |
| Financial fixed assets | 28 | €45,400 | €46,150 | +€750 | +1.7% |
| Current assets | 29/58 | €401,012 | €428,223 | +€27,211 | +6.8% |
| Stocks and contracts in progress | 3 | €24,027 | €29,449 | +€5,422 | +22.6% |
| Stocks | 30/36 | €24,027 | €29,449 | +€5,422 | +22.6% |
| Amounts receivable within one year | 40/41 | €72,714 | €135,660 | +€62,946 | +86.6% |
| Trade receivables | 40 | €56,733 | €106,403 | +€49,670 | +87.6% |
| Other amounts receivable | 41 | €15,981 | €29,256 | +€13,276 | +83.1% |
| Cash at bank and in hand | 54/58 | €220,596 | €182,913 | -€37,683 | -17.1% |
| Deferred charges and accrued income | 490/1 | €83,675 | €80,201 | -€3,474 | -4.2% |
| Total equity and liabilities | 10/49 | €1,546,003 | €1,368,639 | -€177,364 | -11.5% |
| Equity | 10/15 | -€906,585 | -€870,475 | +€36,111 | +4.0% |
| Contributions | 10/11 | €5,638,000 | €5,638,000 | = | 0.0% |
| Capital | 10 | €5,638,000 | €5,638,000 | = | 0.0% |
| Issued capital | 100 | €5,638,000 | €5,638,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,544,585 | -€6,508,475 | +€36,111 | +0.6% |
| Amounts payable | 17/49 | €2,452,588 | €2,239,113 | -€213,475 | -8.7% |
| Amounts payable within one year | 42/48 | €2,452,588 | €2,239,113 | -€213,475 | -8.7% |
| Trade debts | 44 | €424,043 | €459,404 | +€35,362 | +8.3% |
| Suppliers | 440/4 | €424,043 | €459,404 | +€35,362 | +8.3% |
| Advances received on contracts in progress | 46 | €153,695 | €64,999 | -€88,695 | -57.7% |
| Taxes, remuneration and social security | 45 | €215,495 | €210,389 | -€5,106 | -2.4% |
| Taxes | 450/3 | €52,644 | €54,889 | +€2,245 | +4.3% |
| Remuneration and social security | 454/9 | €162,851 | €155,500 | -€7,351 | -4.5% |
| Other amounts payable | 47/48 | €1,659,356 | €1,504,321 | -€155,035 | -9.3% |
| Remuneration, social security and pensions | 62 | €1,510,861 | €1,661,213 | +€150,351 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233,105 | €218,850 | -€14,255 | -6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€403 | €6,219 | +€6,622 | |
| Other operating charges | 640/8 | €165,182 | €165,845 | +€662 | +0.4% |
| Non-recurring operating charges | 66A | €29 | €0 | -€29 | -100% |
| Gross operating margin | 9900 | €2,240,134 | €2,250,700 | +€10,566 | +0.5% |
| Operating profit (loss) | 9901 | €331,359 | €198,573 | -€132,786 | -40.1% |
| Financial charges | 65/66B | €180,472 | €161,657 | -€18,814 | -10.4% |
| Recurring financial charges | 65 | €180,472 | €161,657 | -€18,814 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €150,888 | €36,916 | -€113,972 | -75.5% |
| Income taxes | 67/77 | €713 | €805 | +€92 | +12.9% |
| Profit (loss) for the period | 9904 | €150,174 | €36,111 | -€114,064 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €150,174 | €36,111 | -€114,064 | -76.0% |
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 14 October 2026 via checked.be.