PILOTE: 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.
PILOTE
Largest movements
- Tangible fixed assets -€9,316
down €9,316 (-15.9%), from €58,656 to €49,339
of which Plant, machinery and equipment: -€5,252
- Cash +€8,898
up €8,898 (+8.4%), from €106,372 to €115,270
mainly Depreciation (+€12,543) and Net result for the year (+€11,929)
- Stocks and contracts +€7,551
up €7,551 (+23.4%), from €32,329 to €39,880
- Reserves +€11,929
new in 2025: €11,929
- Debts after one year -€6,675
down €6,675 (-28.0%), from €23,869 to €17,195
- Trade debts +€3,419
up €3,419 (+74.1%), from €4,613 to €8,032
- Other debts -€2,178
down €2,178 (-32.8%), from €6,637 to €4,459
- Gross operating margin +€51,759
up €51,759 (+14.9%), from €347,068 to €398,828
- Staff costs +€29,843
up €29,843 (+8.8%), from €337,705 to €367,548
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 | €207,152 | €213,733 | +€6,581 | +3.2% |
| Fixed assets | 21/28 | €58,705 | €49,389 | -€9,316 | -15.9% |
| Tangible fixed assets | 22/27 | €58,656 | €49,339 | -€9,316 | -15.9% |
| Plant, machinery and equipment | 23 | €22,175 | €16,922 | -€5,252 | -23.7% |
| Furniture and vehicles | 24 | - | €771 | +€771 | |
| Other tangible fixed assets | 26 | €36,481 | €31,646 | -€4,835 | -13.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €148,447 | €164,344 | +€15,897 | +10.7% |
| Stocks and contracts in progress | 3 | €32,329 | €39,880 | +€7,551 | +23.4% |
| Stocks | 30/36 | €32,329 | €39,880 | +€7,551 | +23.4% |
| Amounts receivable within one year | 40/41 | €4,492 | €3,341 | -€1,151 | -25.6% |
| Trade receivables | 40 | €2,009 | €1,539 | -€469 | -23.4% |
| Other amounts receivable | 41 | €2,483 | €1,802 | -€681 | -27.4% |
| Cash at bank and in hand | 54/58 | €106,372 | €115,270 | +€8,898 | +8.4% |
| Deferred charges and accrued income | 490/1 | €5,254 | €5,852 | +€599 | +11.4% |
| Total equity and liabilities | 10/49 | €207,152 | €213,733 | +€6,581 | +3.2% |
| Equity | 10/15 | €134,082 | €146,011 | +€11,929 | +8.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €11,929 | +€11,929 | |
| Distributable reserves | 133 | - | €11,929 | +€11,929 | |
| Profit (loss) carried forward | 14 | €94,082 | €94,082 | = | 0.0% |
| Amounts payable | 17/49 | €73,070 | €67,722 | -€5,349 | -7.3% |
| Amounts payable after more than one year | 17 | €23,869 | €17,195 | -€6,675 | -28.0% |
| Financial debts | 170/4 | €23,869 | €17,195 | -€6,675 | -28.0% |
| Amounts payable within one year | 42/48 | €49,201 | €50,527 | +€1,326 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,323 | €6,675 | +€351 | +5.6% |
| Trade debts | 44 | €4,613 | €8,032 | +€3,419 | +74.1% |
| Suppliers | 440/4 | €4,613 | €8,032 | +€3,419 | +74.1% |
| Taxes, remuneration and social security | 45 | €31,628 | €31,362 | -€266 | -0.8% |
| Taxes | 450/3 | €12,188 | €14,921 | +€2,733 | +22.4% |
| Remuneration and social security | 454/9 | €19,440 | €16,441 | -€2,999 | -15.4% |
| Other amounts payable | 47/48 | €6,637 | €4,459 | -€2,178 | -32.8% |
| Remuneration, social security and pensions | 62 | €337,705 | €367,548 | +€29,843 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,472 | €12,543 | +€71 | +0.6% |
| Other operating charges | 640/8 | €3,156 | €2,098 | -€1,058 | -33.5% |
| Gross operating margin | 9900 | €347,068 | €398,828 | +€51,759 | +14.9% |
| Operating profit (loss) | 9901 | -€6,264 | €16,638 | +€22,903 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,732 | €3,517 | -€216 | -5.8% |
| Recurring financial charges | 65 | €3,732 | €3,517 | -€216 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,997 | €13,122 | +€23,119 | |
| Income taxes | 67/77 | - | €1,193 | +€1,193 | |
| Profit (loss) for the period | 9904 | -€9,997 | €11,929 | +€21,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,997 | €11,929 | +€21,926 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.