PILTRANS: 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.
PILTRANS
Largest movements
- Receivables within one year +€18,216
up €18,216 (+500.6%), from €3,639 to €21,855
- Tangible fixed assets +€7,690
up €7,690 (+63.9%), from €12,038 to €19,728
- Cash -€6,850
down €6,850 (-45.4%), from €15,084 to €8,234
mainly Receivables within one year (-€18,216) and Investment in fixed assets (net) (-€12,805)
- Deferred charges and accrued income +€4,342
up €4,342 (+231.0%), from €1,880 to €6,222
- Profit (loss) carried forward +€13,553
up €13,553 (+422.2%), from €3,210 to €16,763
- Other debts -€7,095
down €7,095 (-90.9%), from €7,808 to €713
- Current portion of long-term debt +€5,885
new in 2025: €5,885
- Debts after one year +€5,637
new in 2025: €5,637
- Trade debts +€5,154
up €5,154 (+153.2%), from €3,365 to €8,519
- Staff costs -€8,531
down €8,531 (-23.1%), from €36,948 to €28,417
- Financial income +€4,959
up €4,959 (+1502603.0%), from €0 to €4,959
of which Non-recurring financial income: +€4,959
- Taxes +€2,809
up €2,809 (+263.4%), from €1,066 to €3,876
- Depreciation +€1,765
up €1,765 (+58.1%), from €3,039 to €4,805
- Other operating charges +€872
up €872 (+52.3%), from €1,668 to €2,541
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 | €46,910 | €70,618 | +€23,708 | +50.5% |
| Fixed assets | 21/28 | €26,308 | €34,308 | +€8,000 | +30.4% |
| Tangible fixed assets | 22/27 | €12,038 | €19,728 | +€7,690 | +63.9% |
| Furniture and vehicles | 24 | €12,038 | €19,728 | +€7,690 | +63.9% |
| Financial fixed assets | 28 | €14,270 | €14,580 | +€310 | +2.2% |
| Current assets | 29/58 | €20,602 | €36,310 | +€15,708 | +76.2% |
| Amounts receivable within one year | 40/41 | €3,639 | €21,855 | +€18,216 | +500.6% |
| Trade receivables | 40 | €3,639 | €21,855 | +€18,216 | +500.6% |
| Cash at bank and in hand | 54/58 | €15,084 | €8,234 | -€6,850 | -45.4% |
| Deferred charges and accrued income | 490/1 | €1,880 | €6,222 | +€4,342 | +231.0% |
| Total equity and liabilities | 10/49 | €46,910 | €70,618 | +€23,708 | +50.5% |
| Equity | 10/15 | €23,670 | €37,223 | +€13,553 | +57.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €3,210 | €16,763 | +€13,553 | +422.2% |
| Amounts payable | 17/49 | €23,240 | €33,395 | +€10,155 | +43.7% |
| Amounts payable after more than one year | 17 | - | €5,637 | +€5,637 | |
| Financial debts | 170/4 | - | €5,637 | +€5,637 | |
| Amounts payable within one year | 42/48 | €23,240 | €27,759 | +€4,519 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,885 | +€5,885 | |
| Trade debts | 44 | €3,365 | €8,519 | +€5,154 | +153.2% |
| Suppliers | 440/4 | €3,365 | €8,519 | +€5,154 | +153.2% |
| Taxes, remuneration and social security | 45 | €12,067 | €12,642 | +€575 | +4.8% |
| Taxes | 450/3 | €9,318 | €9,721 | +€403 | +4.3% |
| Remuneration and social security | 454/9 | €2,748 | €2,921 | +€173 | +6.3% |
| Other amounts payable | 47/48 | €7,808 | €713 | -€7,095 | -90.9% |
| Remuneration, social security and pensions | 62 | €36,948 | €28,417 | -€8,531 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,039 | €4,805 | +€1,765 | +58.1% |
| Other operating charges | 640/8 | €1,668 | €2,541 | +€872 | +52.3% |
| Non-recurring operating charges | 66A | €3,375 | €0 | -€3,375 | -100.0% |
| Gross operating margin | 9900 | €49,965 | €49,360 | -€605 | -1.2% |
| Operating profit (loss) | 9901 | €4,934 | €13,597 | +€8,663 | +175.6% |
| Financial income | 75/76B | €0 | €4,959 | +€4,959 | +1502603.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -27.3% |
| Non-recurring financial income | 76B | - | €4,959 | +€4,959 | |
| Financial charges | 65/66B | €1,241 | €1,128 | -€114 | -9.2% |
| Recurring financial charges | 65 | €1,241 | €1,128 | -€114 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €3,693 | €17,429 | +€13,736 | +371.9% |
| Income taxes | 67/77 | €1,066 | €3,876 | +€2,809 | +263.4% |
| Profit (loss) for the period | 9904 | €2,626 | €13,553 | +€10,927 | +416.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,626 | €13,553 | +€10,927 | +416.0% |
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 11 October 2026 via checked.be.