Pistol: 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.
Pistol
Largest movements
- Cash -€119,076
down €119,076 (-53.4%), from €223,129 to €104,054
mainly Contributions, distributions and other (-€70,000) and Debts after one year (-€35,766)
- Receivables within one year +€7,574
up €7,574 (+88.4%), from €8,572 to €16,146
- Reserves -€70,000
down €70,000 (-18.4%), from €380,000 to €310,000
- Debts after one year -€35,766
down €35,766 (-18.5%), from €193,344 to €157,578
- Other debts -€9,321
down €9,321 (-76.2%), from €12,233 to €2,913
- Gross operating margin -€65,427
down €65,427, from €37,641 to -€27,786
- Financial income -€65,079
down €65,079 (-59.6%), from €109,274 to €44,196
of which Financial income: -€57,370
- Taxes -€7,813
down €7,813 (-95.9%), from €8,143 to €330
- Depreciation +€2,275
up €2,275 (+30.4%), from €7,491 to €9,766
- Financial charges -€1,035
down €1,035 (-24.8%), from €4,176 to €3,141
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 | €637,812 | €522,796 | -€115,016 | -18.0% |
| Fixed assets | 21/28 | €403,653 | €398,109 | -€5,544 | -1.4% |
| Tangible fixed assets | 22/27 | €25,211 | €19,667 | -€5,544 | -22.0% |
| Furniture and vehicles | 24 | €25,211 | €19,667 | -€5,544 | -22.0% |
| Financial fixed assets | 28 | €378,442 | €378,442 | = | 0.0% |
| Current assets | 29/58 | €234,159 | €124,687 | -€109,472 | -46.8% |
| Amounts receivable within one year | 40/41 | €8,572 | €16,146 | +€7,574 | +88.4% |
| Other amounts receivable | 41 | €8,572 | €16,146 | +€7,574 | +88.4% |
| Current investments | 50/53 | €1,087 | €3,420 | +€2,333 | +215% |
| Cash at bank and in hand | 54/58 | €223,129 | €104,054 | -€119,076 | -53.4% |
| Deferred charges and accrued income | 490/1 | €1,372 | €1,068 | -€304 | -22.2% |
| Total equity and liabilities | 10/49 | €637,812 | €522,796 | -€115,016 | -18.0% |
| Equity | 10/15 | €394,495 | €326,254 | -€68,241 | -17.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €380,000 | €310,000 | -€70,000 | -18.4% |
| Distributable reserves | 133 | €380,000 | €310,000 | -€70,000 | -18.4% |
| Profit (loss) carried forward | 14 | €9,495 | €11,254 | +€1,759 | +18.5% |
| Amounts payable | 17/49 | €243,317 | €196,542 | -€46,776 | -19.2% |
| Amounts payable after more than one year | 17 | €193,344 | €157,578 | -€35,766 | -18.5% |
| Financial debts | 170/4 | €193,344 | €157,578 | -€35,766 | -18.5% |
| Amounts payable within one year | 42/48 | €49,973 | €38,964 | -€11,010 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €35,280 | €35,766 | +€486 | +1.4% |
| Trade debts | 44 | €1,111 | €223 | -€887 | -79.9% |
| Suppliers | 440/4 | €1,111 | €223 | -€887 | -79.9% |
| Taxes, remuneration and social security | 45 | €1,350 | €62 | -€1,288 | -95.4% |
| Taxes | 450/3 | €1,350 | €62 | -€1,288 | -95.4% |
| Other amounts payable | 47/48 | €12,233 | €2,913 | -€9,321 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,491 | €9,766 | +€2,275 | +30.4% |
| Other operating charges | 640/8 | €781 | €1,413 | +€632 | +80.9% |
| Gross operating margin | 9900 | €37,641 | -€27,786 | -€65,427 | |
| Operating profit (loss) | 9901 | €29,369 | -€38,965 | -€68,334 | |
| Financial income | 75/76B | €109,274 | €44,196 | -€65,079 | -59.6% |
| Recurring financial income | 75 | €101,566 | €44,196 | -€57,370 | -56.5% |
| Non-recurring financial income | 76B | €7,708 | €0 | -€7,708 | -100% |
| Financial charges | 65/66B | €4,176 | €3,141 | -€1,035 | -24.8% |
| Recurring financial charges | 65 | €4,176 | €3,141 | -€1,035 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €134,467 | €2,089 | -€132,378 | -98.4% |
| Income taxes | 67/77 | €8,143 | €330 | -€7,813 | -95.9% |
| Profit (loss) for the period | 9904 | €126,324 | €1,759 | -€124,564 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,324 | €1,759 | -€124,564 | -98.6% |
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 28 October 2026 via checked.be.