PILOT FOR PERFORMANCE: 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 FOR PERFORMANCE
Largest movements
- Cash -€11,496
no longer reported in 2024 (was €11,496)
mainly Tax, wage and social debts (-€24,380) and Other debts (-€7,967)
- Tangible fixed assets -€9,016
down €9,016 (-43.9%), from €20,555 to €11,540
of which Furniture and vehicles: -€4,876
- Deferred charges and accrued income -€1,387
down €1,387 (-56.3%), from €2,464 to €1,077
- Receivables within one year -€1,296
down €1,296 (-2.4%), from €54,319 to €53,023
of which Trade receivables: -€1,296
- Tax, wage and social debts -€24,380
down €24,380 (-44.0%), from €55,420 to €31,040
of which Remuneration and social security: -€21,945
- Other debts -€7,967
down €7,967 (-30.2%), from €26,374 to €18,408
- Trade debts +€5,202
new in 2024: €5,202
- Reserves +€3,800
up €3,800 (+12.8%), from €29,660 to €33,460
of which Distributable reserves: +€3,800
- Gross operating margin -€15,565
down €15,565 (-39.8%), from €39,153 to €23,589
- Taxes -€10,039
down €10,039 (-76.3%), from €13,165 to €3,126
- Depreciation -€3,502
down €3,502 (-27.2%), from €12,865 to €9,363
- Other operating charges +€1,674
up €1,674 (+968%), from €173 to €1,847
- Financial charges +€1,270
up €1,270 (+27.6%), from €4,597 to €5,867
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,435 | €99,240 | -€23,195 | -18.9% |
| Fixed assets | 21/28 | €20,555 | €11,540 | -€9,016 | -43.9% |
| Tangible fixed assets | 22/27 | €20,555 | €11,540 | -€9,016 | -43.9% |
| Furniture and vehicles | 24 | €7,149 | €2,273 | -€4,876 | -68.2% |
| Other tangible fixed assets | 26 | €13,406 | €9,267 | -€4,140 | -30.9% |
| Current assets | 29/58 | €101,880 | €87,700 | -€14,180 | -13.9% |
| Amounts receivable after more than one year | 29 | €33,600 | €33,600 | = | 0.0% |
| Other amounts receivable | 291 | €33,600 | €33,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,319 | €53,023 | -€1,296 | -2.4% |
| Trade receivables | 40 | €42,376 | €41,080 | -€1,296 | -3.1% |
| Other amounts receivable | 41 | €11,943 | €11,943 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,496 | - | -€11,496 | |
| Deferred charges and accrued income | 490/1 | €2,464 | €1,077 | -€1,387 | -56.3% |
| Total equity and liabilities | 10/49 | €122,435 | €99,240 | -€23,195 | -18.9% |
| Equity | 10/15 | €40,640 | €44,513 | +€3,873 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,660 | €33,460 | +€3,800 | +12.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €27,800 | €31,600 | +€3,800 | +13.7% |
| Profit (loss) carried forward | 14 | €4,780 | €4,853 | +€73 | +1.5% |
| Amounts payable | 17/49 | €81,795 | €54,727 | -€27,068 | -33.1% |
| Amounts payable within one year | 42/48 | €81,795 | €54,727 | -€27,068 | -33.1% |
| Financial debts | 43 | - | €77 | +€77 | |
| Credit institutions | 430/8 | - | €77 | +€77 | |
| Trade debts | 44 | - | €5,202 | +€5,202 | |
| Bills of exchange payable | 441 | - | €5,202 | +€5,202 | |
| Taxes, remuneration and social security | 45 | €55,420 | €31,040 | -€24,380 | -44.0% |
| Taxes | 450/3 | €32,620 | €30,185 | -€2,435 | -7.5% |
| Remuneration and social security | 454/9 | €22,800 | €855 | -€21,945 | -96.3% |
| Other amounts payable | 47/48 | €26,374 | €18,408 | -€7,967 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,865 | €9,363 | -€3,502 | -27.2% |
| Other operating charges | 640/8 | €173 | €1,847 | +€1,674 | +968% |
| Gross operating margin | 9900 | €39,153 | €23,589 | -€15,565 | -39.8% |
| Operating profit (loss) | 9901 | €26,115 | €12,378 | -€13,737 | -52.6% |
| Financial income | 75/76B | €487 | €487 | = | 0.0% |
| Recurring financial income | 75 | €487 | €487 | = | 0.0% |
| Financial charges | 65/66B | €4,597 | €5,867 | +€1,270 | +27.6% |
| Recurring financial charges | 65 | €4,597 | €5,867 | +€1,270 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €22,006 | €6,998 | -€15,007 | -68.2% |
| Income taxes | 67/77 | €13,165 | €3,126 | -€10,039 | -76.3% |
| Profit (loss) for the period | 9904 | €8,841 | €3,873 | -€4,969 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,841 | €3,873 | -€4,969 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.