Pilot Consult: 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.
Pilot Consult
Largest movements
- Financial fixed assets +€364,647
up €364,647 (+30.8%), from €1.2m to €1.5m
- Current investments -€267,844
down €267,844 (-14.8%), from €1.8m to €1.5m
- Cash -€123,576
down €123,576 (-25.9%), from €477,296 to €353,720
mainly Investment in fixed assets (net) (-€468,112) and Accrued charges and deferred income (-€37,567)
- Receivables within one year -€61,624
down €61,624 (-63.7%), from €96,775 to €35,151
of which Other amounts receivable: -€62,005
- Tangible fixed assets +€45,781
up €45,781 (+6.8%), from €671,946 to €717,727
of which Furniture and vehicles: +€91,065
- Other debts +€60,493
up €60,493 (+5.8%), from €1.0m to €1.1m
- Gross operating margin -€204,223
down €204,223, from €180,158 to -€24,065
- Financial charges -€57,248
down €57,248 (-81.7%), from €70,078 to €12,830
- Depreciation +€6,084
up €6,084 (+11.8%), from €51,600 to €57,684
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.
Cash bridge derived
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 | €4,237,840 | €4,195,224 | -€42,616 | -1.0% |
| Fixed assets | 21/28 | €1,857,173 | €2,267,601 | +€410,428 | +22.1% |
| Tangible fixed assets | 22/27 | €671,946 | €717,727 | +€45,781 | +6.8% |
| Land and buildings | 22 | €621,196 | €575,912 | -€45,284 | -7.3% |
| Furniture and vehicles | 24 | €50,750 | €141,815 | +€91,065 | +179.4% |
| Financial fixed assets | 28 | €1,185,227 | €1,549,874 | +€364,647 | +30.8% |
| Current assets | 29/58 | €2,380,667 | €1,927,623 | -€453,044 | -19.0% |
| Amounts receivable within one year | 40/41 | €96,775 | €35,151 | -€61,624 | -63.7% |
| Trade receivables | 40 | €7,107 | €7,488 | +€381 | +5.4% |
| Other amounts receivable | 41 | €89,668 | €27,663 | -€62,005 | -69.1% |
| Current investments | 50/53 | €1,806,596 | €1,538,752 | -€267,844 | -14.8% |
| Cash at bank and in hand | 54/58 | €477,296 | €353,720 | -€123,576 | -25.9% |
| Total equity and liabilities | 10/49 | €4,237,840 | €4,195,224 | -€42,616 | -1.0% |
| Equity | 10/15 | €3,128,694 | €3,091,447 | -€37,247 | -1.2% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €2,666,694 | €2,666,694 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,843 | €24,843 | = | 0.0% |
| Distributable reserves | 133 | €2,641,851 | €2,641,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,247 | -€37,247 | |
| Amounts payable | 17/49 | €1,109,146 | €1,103,777 | -€5,369 | -0.5% |
| Amounts payable within one year | 42/48 | €1,071,579 | €1,103,777 | +€32,198 | +3.0% |
| Trade debts | 44 | €1,117 | €2,106 | +€989 | +88.5% |
| Suppliers | 440/4 | €1,117 | €2,106 | +€989 | +88.5% |
| Taxes, remuneration and social security | 45 | €29,888 | €604 | -€29,284 | -98.0% |
| Taxes | 450/3 | €29,888 | €604 | -€29,284 | -98.0% |
| Other amounts payable | 47/48 | €1,040,574 | €1,101,067 | +€60,493 | +5.8% |
| Accrued charges and deferred income | 492/3 | €37,567 | - | -€37,567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,600 | €57,684 | +€6,084 | +11.8% |
| Other operating charges | 640/8 | €3,541 | €3,901 | +€360 | +10.2% |
| Gross operating margin | 9900 | €180,158 | -€24,065 | -€204,223 | |
| Operating profit (loss) | 9901 | €125,017 | -€85,650 | -€210,667 | |
| Financial income | 75/76B | €62,298 | €63,194 | +€896 | +1.4% |
| Recurring financial income | 75 | €62,298 | €63,194 | +€896 | +1.4% |
| Financial charges | 65/66B | €70,078 | €12,830 | -€57,248 | -81.7% |
| Recurring financial charges | 65 | €70,078 | €12,830 | -€57,248 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €117,237 | -€35,286 | -€152,523 | |
| Income taxes | 67/77 | €2,692 | €1,961 | -€731 | -27.2% |
| Profit (loss) for the period | 9904 | €114,545 | -€37,247 | -€151,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €114,545 | -€37,247 | -€151,792 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.