PILOKOBA: 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.
PILOKOBA
Largest movements
- Current investments +€259,657
up €259,657 (+19.4%), from €1.3m to €1.6m
- Cash -€54,188
down €54,188 (-33.7%), from €160,720 to €106,531
mainly Current investments (-€259,657) and Debts after one year (-€16,174)
- Reserves +€191,448
up €191,448 (+15.4%), from €1.2m to €1.4m
of which Distributable reserves: +€191,448
- Gross operating margin +€81,196
up €81,196 (+37.2%), from €218,106 to €299,302
- Taxes +€40,542
up €40,542 (+89.7%), from €45,221 to €85,764
- Financial income +€19,038
up €19,038 (+45.6%), from €41,788 to €60,826
- Financial charges -€7,353
down €7,353 (-22.1%), from €33,223 to €25,870
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 | €2,183,115 | €2,356,534 | +€173,419 | +7.9% |
| Fixed assets | 21/28 | €662,877 | €640,814 | -€22,063 | -3.3% |
| Tangible fixed assets | 22/27 | €662,877 | €640,814 | -€22,063 | -3.3% |
| Land and buildings | 22 | €635,306 | €621,297 | -€14,009 | -2.2% |
| Furniture and vehicles | 24 | €27,571 | €19,516 | -€8,055 | -29.2% |
| Current assets | 29/58 | €1,520,238 | €1,715,720 | +€195,482 | +12.9% |
| Amounts receivable within one year | 40/41 | €21,254 | €11,268 | -€9,986 | -47.0% |
| Trade receivables | 40 | €4,141 | €3,164 | -€977 | -23.6% |
| Other amounts receivable | 41 | €17,113 | €8,104 | -€9,009 | -52.6% |
| Current investments | 50/53 | €1,338,264 | €1,597,921 | +€259,657 | +19.4% |
| Cash at bank and in hand | 54/58 | €160,720 | €106,531 | -€54,188 | -33.7% |
| Total equity and liabilities | 10/49 | €2,183,115 | €2,356,534 | +€173,419 | +7.9% |
| Equity | 10/15 | €1,745,982 | €1,937,430 | +€191,448 | +11.0% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,245,982 | €1,437,430 | +€191,448 | +15.4% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €1,195,982 | €1,387,430 | +€191,448 | +16.0% |
| Amounts payable | 17/49 | €437,133 | €419,104 | -€18,029 | -4.1% |
| Amounts payable after more than one year | 17 | €402,778 | €386,604 | -€16,174 | -4.0% |
| Other amounts payable | 178/9 | €402,778 | €386,604 | -€16,174 | -4.0% |
| Amounts payable within one year | 42/48 | €34,355 | €32,500 | -€1,855 | -5.4% |
| Trade debts | 44 | €3,377 | €1,403 | -€1,975 | -58.5% |
| Suppliers | 440/4 | €3,377 | €1,403 | -€1,975 | -58.5% |
| Taxes, remuneration and social security | 45 | €30,978 | €31,098 | +€120 | +0.4% |
| Taxes | 450/3 | €27,410 | €27,374 | -€35 | -0.1% |
| Remuneration and social security | 454/9 | €3,568 | €3,724 | +€155 | +4.4% |
| Remuneration, social security and pensions | 62 | €24,773 | €26,168 | +€1,395 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,231 | €28,588 | +€357 | +1.3% |
| Other operating charges | 640/8 | €2,225 | €2,291 | +€66 | +3.0% |
| Gross operating margin | 9900 | €218,106 | €299,302 | +€81,196 | +37.2% |
| Operating profit (loss) | 9901 | €162,877 | €242,256 | +€79,379 | +48.7% |
| Financial income | 75/76B | €41,788 | €60,826 | +€19,038 | +45.6% |
| Recurring financial income | 75 | €41,788 | €60,826 | +€19,038 | +45.6% |
| Financial charges | 65/66B | €33,223 | €25,870 | -€7,353 | -22.1% |
| Recurring financial charges | 65 | €33,223 | €25,870 | -€7,353 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €171,442 | €277,211 | +€105,770 | +61.7% |
| Income taxes | 67/77 | €45,221 | €85,764 | +€40,542 | +89.7% |
| Profit (loss) for the period | 9904 | €126,220 | €191,448 | +€65,227 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €126,220 | €191,448 | +€65,227 | +51.7% |
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 29 October 2026 via checked.be.