PILRECO: 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.
PILRECO
Largest movements
- Cash +€14,864
up €14,864 (+2,860%), from €520 to €15,384
mainly Net result for the year (+€23,617) and Deferred charges and accrued income (+€2,418)
- Financial fixed assets +€5,400
new in 2025: €5,400
- Receivables within one year +€4,408
up €4,408 (+19.1%), from €23,095 to €27,503
- Deferred charges and accrued income -€2,418
down €2,418 (-75.0%), from €3,224 to €806
- Reserves +€22,784
up €22,784 (+234%), from €9,725 to €32,510
- Trade debts -€4,561
down €4,561 (-100%), from €4,561 to €0
- Other debts +€2,288
up €2,288 (+101%), from €2,262 to €4,550
- Tax, wage and social debts +€1,404
up €1,404 (+11.8%), from €11,905 to €13,308
of which Taxes: +€8,228
- Gross operating margin +€20,646
up €20,646 (+163%), from €12,693 to €33,339
- Taxes +€3,804
up €3,804 (+124%), from €3,056 to €6,860
- Financial charges -€602
down €602 (-26.0%), from €2,311 to €1,709
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 | €31,817 | €53,546 | +€21,729 | +68.3% |
| Fixed assets | 21/28 | €4,977 | €9,853 | +€4,875 | +97.9% |
| Tangible fixed assets | 22/27 | €4,977 | €4,453 | -€525 | -10.5% |
| Plant, machinery and equipment | 23 | €4,977 | €4,453 | -€525 | -10.5% |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €26,839 | €43,693 | +€16,854 | +62.8% |
| Amounts receivable within one year | 40/41 | €23,095 | €27,503 | +€4,408 | +19.1% |
| Trade receivables | 40 | €23,095 | €27,503 | +€4,408 | +19.1% |
| Cash at bank and in hand | 54/58 | €520 | €15,384 | +€14,864 | +2,860% |
| Deferred charges and accrued income | 490/1 | €3,224 | €806 | -€2,418 | -75.0% |
| Total equity and liabilities | 10/49 | €31,817 | €53,546 | +€21,729 | +68.3% |
| Equity | 10/15 | €12,725 | €35,510 | +€22,784 | +179% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,725 | €32,510 | +€22,784 | +234% |
| Distributable reserves | 133 | €9,725 | €32,510 | +€22,784 | +234% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,091 | €18,036 | -€1,055 | -5.5% |
| Amounts payable within one year | 42/48 | €18,727 | €17,858 | -€869 | -4.6% |
| Trade debts | 44 | €4,561 | €0 | -€4,561 | -100% |
| Suppliers | 440/4 | €4,561 | €0 | -€4,561 | -100% |
| Taxes, remuneration and social security | 45 | €11,905 | €13,308 | +€1,404 | +11.8% |
| Taxes | 450/3 | €5,080 | €13,308 | +€8,228 | +162% |
| Remuneration and social security | 454/9 | €6,824 | €0 | -€6,824 | -100% |
| Other amounts payable | 47/48 | €2,262 | €4,550 | +€2,288 | +101% |
| Accrued charges and deferred income | 492/3 | €364 | €178 | -€186 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270 | €525 | +€255 | +94.5% |
| Other operating charges | 640/8 | €511 | €628 | +€117 | +22.9% |
| Gross operating margin | 9900 | €12,693 | €33,339 | +€20,646 | +163% |
| Operating profit (loss) | 9901 | €11,913 | €32,187 | +€20,274 | +170% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,311 | €1,709 | -€602 | -26.0% |
| Recurring financial charges | 65 | €2,311 | €1,709 | -€602 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €9,602 | €30,478 | +€20,876 | +217% |
| Income taxes | 67/77 | €3,056 | €6,860 | +€3,804 | +124% |
| Profit (loss) for the period | 9904 | €6,546 | €23,617 | +€17,072 | +261% |
| Profit (loss) for the period to be appropriated | 9905 | €6,546 | €23,617 | +€17,072 | +261% |
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 30 October 2026 via checked.be.