PILOT: 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.
PILOT
Largest movements
- Receivables within one year +€22,010
up €22,010 (+39.3%), from €55,961 to €77,970
of which Other amounts receivable: +€15,465
- Cash +€4,547
up €4,547 (+23.5%), from €19,345 to €23,892
mainly Accrued charges and deferred income (+€15,599) and Net result for the year (+€15,100)
- Other debts -€20,000
down €20,000 (-95.8%), from €20,883 to €883
- Accrued charges and deferred income +€15,599
up €15,599 (+60.0%), from €26,000 to €41,599
- Reserves +€12,238
up €12,238 (+660%), from €1,855 to €14,093
of which Distributable reserves: +€12,238
- Trade debts +€10,840
up €10,840 (+154%), from €7,048 to €17,888
- Tax, wage and social debts +€6,551
up €6,551 (+116%), from €5,646 to €12,197
- Taxes +€8,689
up €8,689 (+1,920%), from €452 to €9,141
- Gross operating margin +€6,115
up €6,115 (+28.3%), from €21,576 to €27,691
- Financial income +€4,219
up €4,219 (+220%), from €1,919 to €6,138
- Other operating charges +€4,186
up €4,186 (+655%), from €639 to €4,825
- Staff costs +€2,222
new in 2025: €2,222
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 | €77,120 | €105,211 | +€28,091 | +36.4% |
| Fixed assets | 21/28 | €1,814 | €2,860 | +€1,046 | +57.6% |
| Tangible fixed assets | 22/27 | €1,814 | €2,860 | +€1,046 | +57.6% |
| Furniture and vehicles | 24 | €1,814 | €1,915 | +€100 | +5.5% |
| Other tangible fixed assets | 26 | - | €945 | +€945 | |
| Current assets | 29/58 | €75,305 | €102,351 | +€27,045 | +35.9% |
| Amounts receivable within one year | 40/41 | €55,961 | €77,970 | +€22,010 | +39.3% |
| Trade receivables | 40 | €15,315 | €21,859 | +€6,544 | +42.7% |
| Other amounts receivable | 41 | €40,646 | €56,112 | +€15,465 | +38.0% |
| Cash at bank and in hand | 54/58 | €19,345 | €23,892 | +€4,547 | +23.5% |
| Deferred charges and accrued income | 490/1 | - | €488 | +€488 | |
| Total equity and liabilities | 10/49 | €77,120 | €105,211 | +€28,091 | +36.4% |
| Equity | 10/15 | €17,542 | €32,643 | +€15,100 | +86.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €14,093 | +€12,238 | +660% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €12,238 | +€12,238 | |
| Profit (loss) carried forward | 14 | -€2,863 | - | +€2,863 | |
| Amounts payable | 17/49 | €59,577 | €72,568 | +€12,990 | +21.8% |
| Amounts payable within one year | 42/48 | €33,577 | €30,969 | -€2,608 | -7.8% |
| Trade debts | 44 | €7,048 | €17,888 | +€10,840 | +154% |
| Suppliers | 440/4 | €7,048 | €17,888 | +€10,840 | +154% |
| Taxes, remuneration and social security | 45 | €5,646 | €12,197 | +€6,551 | +116% |
| Taxes | 450/3 | €5,646 | €12,197 | +€6,551 | +116% |
| Other amounts payable | 47/48 | €20,883 | €883 | -€20,000 | -95.8% |
| Accrued charges and deferred income | 492/3 | €26,000 | €41,599 | +€15,599 | +60.0% |
| Remuneration, social security and pensions | 62 | - | €2,222 | +€2,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €597 | €829 | +€232 | +38.9% |
| Other operating charges | 640/8 | €639 | €4,825 | +€4,186 | +655% |
| Gross operating margin | 9900 | €21,576 | €27,691 | +€6,115 | +28.3% |
| Operating profit (loss) | 9901 | €20,340 | €19,815 | -€525 | -2.6% |
| Financial income | 75/76B | €1,919 | €6,138 | +€4,219 | +220% |
| Recurring financial income | 75 | €1,919 | €6,138 | +€4,219 | +220% |
| Financial charges | 65/66B | €574 | €1,711 | +€1,137 | +198% |
| Recurring financial charges | 65 | €574 | €1,711 | +€1,137 | +198% |
| Profit (loss) for the period before taxes | 9903 | €21,685 | €24,242 | +€2,556 | +11.8% |
| Income taxes | 67/77 | €452 | €9,141 | +€8,689 | +1,920% |
| Profit (loss) for the period | 9904 | €21,233 | €15,100 | -€6,132 | -28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,233 | €15,100 | -€6,132 | -28.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.