PILOTHOUSE SERVICES: 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.
PILOTHOUSE SERVICES
Largest movements
- Cash -€26,479
down €26,479 (-26.0%), from €101,903 to €75,424
mainly Contributions, distributions and other (-€98,000) and Receivables within one year (-€24,322)
- Receivables within one year +€24,322
up €24,322 (+106.5%), from €22,841 to €47,163
of which Trade receivables: +€25,275
- Tangible fixed assets -€7,310
down €7,310 (-22.7%), from €32,170 to €24,860
of which Furniture and vehicles: -€7,254
- Profit (loss) carried forward -€33,828
down €33,828 (-97.6%), from €34,652 to €824
- Other debts +€24,247
up €24,247 (+30.6%), from €79,243 to €103,489
- Gross operating margin -€7,556
down €7,556 (-7.6%), from €99,156 to €91,600
- Taxes -€1,582
down €1,582 (-8.6%), from €18,425 to €16,843
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 | €158,549 | €147,805 | -€10,745 | -6.8% |
| Fixed assets | 21/28 | €32,170 | €24,860 | -€7,310 | -22.7% |
| Tangible fixed assets | 22/27 | €32,170 | €24,860 | -€7,310 | -22.7% |
| Plant, machinery and equipment | 23 | €60 | €3 | -€56 | -94.3% |
| Furniture and vehicles | 24 | €32,110 | €24,857 | -€7,254 | -22.6% |
| Current assets | 29/58 | €126,379 | €122,944 | -€3,435 | -2.7% |
| Amounts receivable within one year | 40/41 | €22,841 | €47,163 | +€24,322 | +106.5% |
| Trade receivables | 40 | €15,406 | €40,681 | +€25,275 | +164.1% |
| Other amounts receivable | 41 | €7,435 | €6,482 | -€954 | -12.8% |
| Cash at bank and in hand | 54/58 | €101,903 | €75,424 | -€26,479 | -26.0% |
| Deferred charges and accrued income | 490/1 | €1,636 | €358 | -€1,278 | -78.1% |
| Total equity and liabilities | 10/49 | €158,549 | €147,805 | -€10,745 | -6.8% |
| Equity | 10/15 | €71,112 | €37,284 | -€33,828 | -47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| 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 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,652 | €824 | -€33,828 | -97.6% |
| Amounts payable | 17/49 | €87,437 | €110,520 | +€23,083 | +26.4% |
| Amounts payable within one year | 42/48 | €86,939 | €110,084 | +€23,145 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €344 | €671 | +€327 | +94.8% |
| Suppliers | 440/4 | €344 | €671 | +€327 | +94.8% |
| Taxes, remuneration and social security | 45 | €7,352 | €5,924 | -€1,428 | -19.4% |
| Taxes | 450/3 | €7,352 | €5,924 | -€1,428 | -19.4% |
| Other amounts payable | 47/48 | €79,243 | €103,489 | +€24,247 | +30.6% |
| Accrued charges and deferred income | 492/3 | €498 | €436 | -€62 | -12.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,353 | €9,486 | +€133 | +1.4% |
| Other operating charges | 640/8 | €768 | €915 | +€147 | +19.2% |
| Gross operating margin | 9900 | €99,156 | €91,600 | -€7,556 | -7.6% |
| Operating profit (loss) | 9901 | €89,035 | €81,199 | -€7,837 | -8.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €168 | €184 | +€16 | +9.6% |
| Recurring financial charges | 65 | €168 | €184 | +€16 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €88,867 | €81,016 | -€7,852 | -8.8% |
| Income taxes | 67/77 | €18,425 | €16,843 | -€1,582 | -8.6% |
| Profit (loss) for the period | 9904 | €70,442 | €64,172 | -€6,270 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €70,442 | €64,172 | -€6,270 | -8.9% |
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 4 October 2026 via checked.be.