Pilobe: 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.
Pilobe
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€18,478
down €18,478 (-73.6%), from €25,096 to €6,618
mainly Current investments (-€100,000) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€5,959
down €5,959 (-1.5%), from €403,673 to €397,714
of which Land and buildings: -€4,840
- Receivables within one year -€5,685
down €5,685 (-17.0%), from €33,420 to €27,735
of which Other amounts receivable: -€8,369
- Other debts +€140,195
up €140,195 (+64.3%), from €218,000 to €358,195
- Profit (loss) carried forward -€53,960
down €53,960 (-87.8%), from €61,481 to €7,521
- Debts after one year -€33,487
down €33,487 (-100%), from €33,487 to €0
- Tax, wage and social debts +€16,662
up €16,662 (+138%), from €12,101 to €28,763
of which Taxes: +€13,270
- Gross operating margin -€9,194
down €9,194 (-8.2%), from €112,095 to €102,901
- Depreciation +€4,848
up €4,848 (+13.6%), from €35,751 to €40,598
- Taxes -€1,771
down €1,771 (-12.1%), from €14,603 to €12,832
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 | €464,863 | €535,250 | +€70,387 | +15.1% |
| Fixed assets | 21/28 | €403,673 | €397,714 | -€5,959 | -1.5% |
| Tangible fixed assets | 22/27 | €403,673 | €397,714 | -€5,959 | -1.5% |
| Land and buildings | 22 | €393,297 | €388,457 | -€4,840 | -1.2% |
| Plant, machinery and equipment | 23 | €1,298 | €2,440 | +€1,142 | +88.0% |
| Furniture and vehicles | 24 | €9,078 | €6,817 | -€2,261 | -24.9% |
| Current assets | 29/58 | €61,190 | €137,536 | +€76,345 | +125% |
| Stocks and contracts in progress | 3 | €1,856 | €1,446 | -€410 | -22.1% |
| Stocks | 30/36 | €1,856 | €1,446 | -€410 | -22.1% |
| Amounts receivable within one year | 40/41 | €33,420 | €27,735 | -€5,685 | -17.0% |
| Trade receivables | 40 | €22,884 | €25,567 | +€2,684 | +11.7% |
| Other amounts receivable | 41 | €10,537 | €2,168 | -€8,369 | -79.4% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €25,096 | €6,618 | -€18,478 | -73.6% |
| Deferred charges and accrued income | 490/1 | €819 | €1,737 | +€918 | +112% |
| Total equity and liabilities | 10/49 | €464,863 | €535,250 | +€70,387 | +15.1% |
| Equity | 10/15 | €111,481 | €57,521 | -€53,960 | -48.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,481 | €7,521 | -€53,960 | -87.8% |
| Amounts payable | 17/49 | €353,382 | €477,729 | +€124,347 | +35.2% |
| Amounts payable after more than one year | 17 | €33,487 | €0 | -€33,487 | -100% |
| Financial debts | 170/4 | €33,487 | €0 | -€33,487 | -100% |
| Amounts payable within one year | 42/48 | €319,546 | €477,329 | +€157,783 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €36,281 | €33,487 | -€2,793 | -7.7% |
| Trade debts | 44 | €53,165 | €56,883 | +€3,718 | +7.0% |
| Suppliers | 440/4 | €53,165 | €56,883 | +€3,718 | +7.0% |
| Taxes, remuneration and social security | 45 | €12,101 | €28,763 | +€16,662 | +138% |
| Taxes | 450/3 | €12,101 | €25,371 | +€13,270 | +110% |
| Remuneration and social security | 454/9 | - | €3,392 | +€3,392 | |
| Other amounts payable | 47/48 | €218,000 | €358,195 | +€140,195 | +64.3% |
| Accrued charges and deferred income | 492/3 | €349 | €400 | +€51 | +14.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,751 | €40,598 | +€4,848 | +13.6% |
| Other operating charges | 640/8 | €2,375 | €1,868 | -€507 | -21.4% |
| Non-recurring operating charges | 66A | €4,282 | €0 | -€4,282 | -100% |
| Gross operating margin | 9900 | €112,095 | €102,901 | -€9,194 | -8.2% |
| Operating profit (loss) | 9901 | €69,687 | €60,435 | -€9,252 | -13.3% |
| Financial income | 75/76B | €1 | €454 | +€453 | +60,372% |
| Recurring financial income | 75 | €1 | €454 | +€453 | +60,372% |
| Financial charges | 65/66B | €2,459 | €2,016 | -€443 | -18.0% |
| Recurring financial charges | 65 | €2,459 | €2,016 | -€443 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €67,229 | €58,872 | -€8,356 | -12.4% |
| Income taxes | 67/77 | €14,603 | €12,832 | -€1,771 | -12.1% |
| Profit (loss) for the period | 9904 | €52,626 | €46,040 | -€6,586 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,626 | €46,040 | -€6,586 | -12.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.