PISTIL: 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.
PISTIL
Largest movements
- Receivables within one year +€13,551
up €13,551 (+1316.7%), from €1,029 to €14,581
of which Trade receivables: +€14,581
- Cash +€7,055
up €7,055 (+725.1%), from €973 to €8,028
mainly Net result for the year (+€16,538) and Depreciation (+€7,361)
- Tangible fixed assets -€5,642
down €5,642 (-11.4%), from €49,370 to €43,728
of which Land and buildings: -€5,864
- Profit (loss) carried forward +€16,538
up €16,538 (+4.5%), from -€367,315 to -€350,778
- Debts after one year -€5,900
down €5,900 (-13.8%), from €42,776 to €36,876
- Tax, wage and social debts +€4,957
up €4,957 (+1982.9%), from €250 to €5,207
- Current portion of long-term debt -€1,974
down €1,974 (-25.1%), from €7,874 to €5,900
- Other debts +€1,659
up €1,659 (+1.0%), from €170,825 to €172,483
- Gross operating margin +€24,766
up €24,766 (+1303.0%), from €1,901 to €26,667
- Depreciation +€425
up €425 (+6.1%), from €6,936 to €7,361
- Financial charges -€369
down €369 (-13.4%), from €2,757 to €2,388
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 | €56,030 | €70,935 | +€14,905 | +26.6% |
| Fixed assets | 21/28 | €52,095 | €46,453 | -€5,642 | -10.8% |
| Intangible fixed assets | 21 | €2,500 | €2,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,370 | €43,728 | -€5,642 | -11.4% |
| Land and buildings | 22 | €46,912 | €41,048 | -€5,864 | -12.5% |
| Plant, machinery and equipment | 23 | €432 | €240 | -€192 | -44.4% |
| Furniture and vehicles | 24 | €1,558 | €2,181 | +€622 | +39.9% |
| Other tangible fixed assets | 26 | €467 | €259 | -€208 | -44.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €3,935 | €24,482 | +€20,546 | +522.1% |
| Amounts receivable within one year | 40/41 | €1,029 | €14,581 | +€13,551 | +1316.7% |
| Trade receivables | 40 | - | €14,581 | +€14,581 | |
| Other amounts receivable | 41 | €1,029 | - | -€1,029 | |
| Cash at bank and in hand | 54/58 | €973 | €8,028 | +€7,055 | +725.1% |
| Deferred charges and accrued income | 490/1 | €1,933 | €1,873 | -€60 | -3.1% |
| Total equity and liabilities | 10/49 | €56,030 | €70,935 | +€14,905 | +26.6% |
| Equity | 10/15 | -€167,315 | -€150,778 | +€16,538 | +9.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,315 | -€350,778 | +€16,538 | +4.5% |
| Amounts payable | 17/49 | €223,346 | €221,713 | -€1,633 | -0.7% |
| Amounts payable after more than one year | 17 | €42,776 | €36,876 | -€5,900 | -13.8% |
| Financial debts | 170/4 | €42,776 | €36,876 | -€5,900 | -13.8% |
| Amounts payable within one year | 42/48 | €180,570 | €184,837 | +€4,267 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €7,874 | €5,900 | -€1,974 | -25.1% |
| Trade debts | 44 | €1,621 | €1,246 | -€375 | -23.1% |
| Suppliers | 440/4 | €1,621 | €1,246 | -€375 | -23.1% |
| Taxes, remuneration and social security | 45 | €250 | €5,207 | +€4,957 | +1982.9% |
| Taxes | 450/3 | €250 | €5,207 | +€4,957 | +1982.9% |
| Other amounts payable | 47/48 | €170,825 | €172,483 | +€1,659 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,936 | €7,361 | +€425 | +6.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,901 | €26,667 | +€24,766 | +1303.0% |
| Operating profit (loss) | 9901 | -€5,423 | €18,906 | +€24,329 | |
| Financial income | 75/76B | €30 | €19 | -€11 | -35.6% |
| Recurring financial income | 75 | €30 | €19 | -€11 | -35.6% |
| Financial charges | 65/66B | €2,757 | €2,388 | -€369 | -13.4% |
| Recurring financial charges | 65 | €2,757 | €2,388 | -€369 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,149 | €16,538 | +€24,687 | |
| Profit (loss) for the period | 9904 | -€8,149 | €16,538 | +€24,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,149 | €16,538 | +€24,687 |
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 7 October 2026 via checked.be.