Pilotfish: 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.
Pilotfish
Largest movements
- Tangible fixed assets +€37,625
up €37,625 (+158%), from €23,756 to €61,380
of which Furniture and vehicles: +€38,691
- Cash +€20,540
up €20,540 (+31.3%), from €65,589 to €86,130
mainly Net result for the year (+€31,066) and Debts after one year (+€16,131)
- Receivables within one year -€2,419
down €2,419 (-38.7%), from €6,246 to €3,827
of which Trade receivables: -€1,746
- Reserves +€31,066
up €31,066 (+43.6%), from €71,186 to €102,252
- Debts after one year +€16,131
up €16,131 (+187%), from €8,614 to €24,745
- Current portion of long-term debt +€6,230
up €6,230 (+110%), from €5,640 to €11,870
- Tax, wage and social debts +€1,737
up €1,737 (+122%), from €1,425 to €3,162
- Gross operating margin -€6,375
down €6,375 (-10.2%), from €62,643 to €56,269
- Depreciation +€4,306
up €4,306 (+42.8%), from €10,068 to €14,373
- Taxes -€2,147
down €2,147 (-20.2%), from €10,645 to €8,498
- Financial charges +€807
up €807 (+168%), from €481 to €1,288
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 | €97,377 | €153,063 | +€55,685 | +57.2% |
| Fixed assets | 21/28 | €23,756 | €61,380 | +€37,625 | +158% |
| Tangible fixed assets | 22/27 | €23,756 | €61,380 | +€37,625 | +158% |
| Plant, machinery and equipment | 23 | €1,509 | €615 | -€894 | -59.2% |
| Furniture and vehicles | 24 | €20,888 | €59,579 | +€38,691 | +185% |
| Other tangible fixed assets | 26 | €1,359 | €1,186 | -€173 | -12.7% |
| Current assets | 29/58 | €73,622 | €91,682 | +€18,060 | +24.5% |
| Amounts receivable within one year | 40/41 | €6,246 | €3,827 | -€2,419 | -38.7% |
| Trade receivables | 40 | €3,720 | €1,974 | -€1,746 | -46.9% |
| Other amounts receivable | 41 | €2,526 | €1,853 | -€673 | -26.6% |
| Cash at bank and in hand | 54/58 | €65,589 | €86,130 | +€20,540 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,786 | €1,725 | -€61 | -3.4% |
| Total equity and liabilities | 10/49 | €97,377 | €153,063 | +€55,685 | +57.2% |
| Equity | 10/15 | €77,186 | €108,252 | +€31,066 | +40.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €71,186 | €102,252 | +€31,066 | +43.6% |
| Distributable reserves | 133 | €71,186 | €102,252 | +€31,066 | +43.6% |
| Amounts payable | 17/49 | €20,192 | €44,811 | +€24,619 | +122% |
| Amounts payable after more than one year | 17 | €8,614 | €24,745 | +€16,131 | +187% |
| Financial debts | 170/4 | €8,614 | €24,745 | +€16,131 | +187% |
| Amounts payable within one year | 42/48 | €11,578 | €20,066 | +€8,488 | +73.3% |
| Current portion of amounts payable after more than one year | 42 | €5,640 | €11,870 | +€6,230 | +110% |
| Financial debts | 43 | €1,356 | €1,704 | +€348 | +25.7% |
| Credit institutions | 430/8 | €1,356 | €1,704 | +€348 | +25.7% |
| Trade debts | 44 | €3,157 | €2,281 | -€876 | -27.7% |
| Suppliers | 440/4 | €3,157 | €2,281 | -€876 | -27.7% |
| Advances received on contracts in progress | 46 | - | €1,048 | +€1,048 | |
| Taxes, remuneration and social security | 45 | €1,425 | €3,162 | +€1,737 | +122% |
| Taxes | 450/3 | €1,425 | €3,162 | +€1,737 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,068 | €14,373 | +€4,306 | +42.8% |
| Other operating charges | 640/8 | €910 | €1,043 | +€133 | +14.6% |
| Gross operating margin | 9900 | €62,643 | €56,269 | -€6,375 | -10.2% |
| Operating profit (loss) | 9901 | €51,666 | €40,852 | -€10,814 | -20.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €481 | €1,288 | +€807 | +168% |
| Recurring financial charges | 65 | €481 | €1,288 | +€807 | +168% |
| Profit (loss) for the period before taxes | 9903 | €51,185 | €39,565 | -€11,621 | -22.7% |
| Income taxes | 67/77 | €10,645 | €8,498 | -€2,147 | -20.2% |
| Profit (loss) for the period | 9904 | €40,540 | €31,066 | -€9,474 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,540 | €31,066 | -€9,474 | -23.4% |
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 24 October 2026 via checked.be.