PILOTTE P.: 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.
PILOTTE P.
Largest movements
- Receivables within one year -€17,779
down €17,779 (-64.8%), from €27,438 to €9,659
of which Trade receivables: -€17,541
- Cash +€16,779
up €16,779 (+109%), from €15,343 to €32,123
mainly Net result for the year (+€19,110) and Receivables within one year (+€17,779)
- Stocks and contracts -€9,148
down €9,148 (-43.7%), from €20,946 to €11,799
- Deferred charges and accrued income +€2,054
up €2,054 (+146%), from €1,410 to €3,464
- Tangible fixed assets +€1,907
new in 2025: €1,907
of which Other tangible fixed assets: +€1,371
- Trade debts -€25,906
down €25,906 (-92.3%), from €28,054 to €2,148
- Profit (loss) carried forward +€19,110
up €19,110 (+93.2%), from -€20,513 to -€1,403
- Other debts +€16,530
new in 2025: €16,530
- Tax, wage and social debts -€14,887
down €14,887 (-42.5%), from €35,014 to €20,126
of which Taxes: -€13,347
- Debts after one year -€1,001
no longer reported in 2025 (was €1,001)
- Gross operating margin +€32,168
up €32,168 (+67.6%), from €47,559 to €79,727
- Staff costs -€15,679
down €15,679 (-38.8%), from €40,459 to €24,780
- Other operating charges +€15,080
up €15,080 (+528%), from €2,857 to €17,937
- Financial charges -€6,497
down €6,497 (-41.9%), from €15,523 to €9,026
- Taxes +€1,245
up €1,245 (+16.9%), from €7,388 to €8,634
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 | €65,587 | €59,402 | -€6,186 | -9.4% |
| Fixed assets | 21/28 | €450 | €2,357 | +€1,907 | +424% |
| Tangible fixed assets | 22/27 | - | €1,907 | +€1,907 | |
| Furniture and vehicles | 24 | - | €536 | +€536 | |
| Other tangible fixed assets | 26 | - | €1,371 | +€1,371 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €65,137 | €57,045 | -€8,093 | -12.4% |
| Stocks and contracts in progress | 3 | €20,946 | €11,799 | -€9,148 | -43.7% |
| Stocks | 30/36 | €20,946 | €11,799 | -€9,148 | -43.7% |
| Amounts receivable within one year | 40/41 | €27,438 | €9,659 | -€17,779 | -64.8% |
| Trade receivables | 40 | €18,863 | €1,322 | -€17,541 | -93.0% |
| Other amounts receivable | 41 | €8,575 | €8,337 | -€237 | -2.8% |
| Cash at bank and in hand | 54/58 | €15,343 | €32,123 | +€16,779 | +109% |
| Deferred charges and accrued income | 490/1 | €1,410 | €3,464 | +€2,054 | +146% |
| Total equity and liabilities | 10/49 | €65,587 | €59,402 | -€6,186 | -9.4% |
| Equity | 10/15 | €1,487 | €20,597 | +€19,110 | +1,285% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,513 | -€1,403 | +€19,110 | +93.2% |
| Amounts payable | 17/49 | €64,101 | €38,804 | -€25,296 | -39.5% |
| Amounts payable after more than one year | 17 | €1,001 | - | -€1,001 | |
| Financial debts | 170/4 | €1,001 | - | -€1,001 | |
| Amounts payable within one year | 42/48 | €63,068 | €38,804 | -€24,263 | -38.5% |
| Trade debts | 44 | €28,054 | €2,148 | -€25,906 | -92.3% |
| Suppliers | 440/4 | €28,054 | €2,148 | -€25,906 | -92.3% |
| Taxes, remuneration and social security | 45 | €35,014 | €20,126 | -€14,887 | -42.5% |
| Taxes | 450/3 | €26,283 | €12,936 | -€13,347 | -50.8% |
| Remuneration and social security | 454/9 | €8,731 | €7,190 | -€1,541 | -17.6% |
| Other amounts payable | 47/48 | - | €16,530 | +€16,530 | |
| Accrued charges and deferred income | 492/3 | €32 | - | -€32 | |
| Remuneration, social security and pensions | 62 | €40,459 | €24,780 | -€15,679 | -38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €239 | +€239 | |
| Other operating charges | 640/8 | €2,857 | €17,937 | +€15,080 | +528% |
| Gross operating margin | 9900 | €47,559 | €79,727 | +€32,168 | +67.6% |
| Operating profit (loss) | 9901 | €4,243 | €36,770 | +€32,527 | +767% |
| Financial income | 75/76B | €324 | €0 | -€323 | -100.0% |
| Recurring financial income | 75 | €324 | €0 | -€323 | -100.0% |
| Financial charges | 65/66B | €15,523 | €9,026 | -€6,497 | -41.9% |
| Recurring financial charges | 65 | €15,523 | €9,026 | -€6,497 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,957 | €27,744 | +€38,701 | |
| Income taxes | 67/77 | €7,388 | €8,634 | +€1,245 | +16.9% |
| Profit (loss) for the period | 9904 | -€18,345 | €19,110 | +€37,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,345 | €19,110 | +€37,456 |
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 15 October 2026 via checked.be.