PILOTO: 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.
PILOTO
Largest movements
- Cash -€14,209
down €14,209 (-16.3%), from €87,435 to €73,226
mainly Contributions, distributions and other (-€33,736) and Other debts (-€15,515)
- Tangible fixed assets -€2,805
down €2,805 (-37.9%), from €7,394 to €4,589
of which Furniture and vehicles: -€1,918
- Deferred charges and accrued income +€2,667
up €2,667 (+85.6%), from €3,117 to €5,784
- Receivables within one year +€1,584
up €1,584 (+8.5%), from €18,567 to €20,151
of which Other amounts receivable: +€3,634
- Other debts -€15,515
down €15,515 (-25.9%), from €59,835 to €44,320
- Trade debts +€2,661
up €2,661 (+107%), from €2,490 to €5,151
- Gross operating margin -€14,716
down €14,716 (-22.6%), from €65,256 to €50,541
- Taxes -€2,656
down €2,656 (-19.4%), from €13,700 to €11,044
- Financial income -€818
down €818 (-98.1%), from €834 to €16
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 | €116,512 | €103,749 | -€12,763 | -11.0% |
| Fixed assets | 21/28 | €7,394 | €4,589 | -€2,805 | -37.9% |
| Tangible fixed assets | 22/27 | €7,394 | €4,589 | -€2,805 | -37.9% |
| Land and buildings | 22 | €1,033 | €887 | -€146 | -14.2% |
| Plant, machinery and equipment | 23 | €1,789 | €1,049 | -€740 | -41.4% |
| Furniture and vehicles | 24 | €4,571 | €2,653 | -€1,918 | -42.0% |
| Current assets | 29/58 | €109,118 | €99,160 | -€9,958 | -9.1% |
| Amounts receivable within one year | 40/41 | €18,567 | €20,151 | +€1,584 | +8.5% |
| Trade receivables | 40 | €18,567 | €16,518 | -€2,049 | -11.0% |
| Other amounts receivable | 41 | - | €3,634 | +€3,634 | |
| Cash at bank and in hand | 54/58 | €87,435 | €73,226 | -€14,209 | -16.3% |
| Deferred charges and accrued income | 490/1 | €3,117 | €5,784 | +€2,667 | +85.6% |
| Total equity and liabilities | 10/49 | €116,512 | €103,749 | -€12,763 | -11.0% |
| Equity | 10/15 | €44,062 | €44,062 | = | 0.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €43,942 | €43,942 | = | 0.0% |
| Distributable reserves | 133 | €43,942 | €43,942 | = | 0.0% |
| Amounts payable | 17/49 | €72,450 | €59,688 | -€12,763 | -17.6% |
| Amounts payable within one year | 42/48 | €70,758 | €57,460 | -€13,298 | -18.8% |
| Trade debts | 44 | €2,490 | €5,151 | +€2,661 | +107% |
| Suppliers | 440/4 | €2,490 | €5,151 | +€2,661 | +107% |
| Taxes, remuneration and social security | 45 | €8,433 | €7,989 | -€444 | -5.3% |
| Taxes | 450/3 | €8,433 | €7,989 | -€444 | -5.3% |
| Other amounts payable | 47/48 | €59,835 | €44,320 | -€15,515 | -25.9% |
| Accrued charges and deferred income | 492/3 | €1,693 | €2,228 | +€535 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,430 | €3,853 | -€577 | -13.0% |
| Other operating charges | 640/8 | €601 | €1,214 | +€613 | +102% |
| Gross operating margin | 9900 | €65,256 | €50,541 | -€14,716 | -22.6% |
| Operating profit (loss) | 9901 | €60,225 | €45,473 | -€14,752 | -24.5% |
| Financial income | 75/76B | €834 | €16 | -€818 | -98.1% |
| Recurring financial income | 75 | €834 | €16 | -€818 | -98.1% |
| Financial charges | 65/66B | €172 | €709 | +€537 | +313% |
| Recurring financial charges | 65 | €172 | €709 | +€537 | +313% |
| Profit (loss) for the period before taxes | 9903 | €60,888 | €44,780 | -€16,108 | -26.5% |
| Income taxes | 67/77 | €13,700 | €11,044 | -€2,656 | -19.4% |
| Profit (loss) for the period | 9904 | €47,188 | €33,736 | -€13,451 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,188 | €33,736 | -€13,451 | -28.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.