PYLOT: 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.
PYLOT
Largest movements
- Tangible fixed assets +€47,694
up €47,694 (+102%), from €46,764 to €94,458
of which Furniture and vehicles: +€53,366
- Cash -€13,929
no longer reported in 2025 (was €13,929)
mainly Investment in fixed assets (net) (-€76,155) and Net result for the year (-€23,831)
- Deferred charges and accrued income -€9,184
down €9,184 (-53.4%), from €17,210 to €8,026
- Debts after one year +€56,285
up €56,285 (+73.7%), from €76,384 to €132,669
- Profit (loss) carried forward -€23,831
down €23,831 (-40.4%), from -€58,972 to -€82,803
- Trade debts -€18,848
down €18,848 (-25.8%), from €73,014 to €54,166
- Other debts +€6,243
up €6,243 (+137%), from €4,541 to €10,785
- Short-term financial debts +€5,260
new in 2025: €5,260
- Gross operating margin +€30,220
up €30,220, from -€14,420 to €15,801
- Staff costs -€5,843
no longer reported in 2025 (was €5,843)
- Other operating charges +€932
up €932 (+16.2%), from €5,752 to €6,684
- Depreciation -€612
down €612 (-2.1%), from €29,611 to €28,999
- Financial charges +€501
up €501 (+15.7%), from €3,183 to €3,684
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 | €137,650 | €160,645 | +€22,994 | +16.7% |
| Fixed assets | 21/28 | €47,840 | €94,997 | +€47,156 | +98.6% |
| Intangible fixed assets | 21 | €1,076 | €539 | -€538 | -49.9% |
| Tangible fixed assets | 22/27 | €46,764 | €94,458 | +€47,694 | +102% |
| Land and buildings | 22 | €7,228 | €5,189 | -€2,039 | -28.2% |
| Plant, machinery and equipment | 23 | €5,577 | €1,944 | -€3,633 | -65.1% |
| Furniture and vehicles | 24 | €33,959 | €87,325 | +€53,366 | +157% |
| Current assets | 29/58 | €89,810 | €65,648 | -€24,162 | -26.9% |
| Amounts receivable within one year | 40/41 | €58,671 | €57,622 | -€1,048 | -1.8% |
| Trade receivables | 40 | €58,463 | €57,622 | -€841 | -1.4% |
| Other amounts receivable | 41 | €208 | - | -€208 | |
| Cash at bank and in hand | 54/58 | €13,929 | - | -€13,929 | |
| Deferred charges and accrued income | 490/1 | €17,210 | €8,026 | -€9,184 | -53.4% |
| Total equity and liabilities | 10/49 | €137,650 | €160,645 | +€22,994 | +16.7% |
| Equity | 10/15 | -€47,554 | -€71,385 | -€23,831 | -50.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,418 | €6,418 | = | 0.0% |
| Distributable reserves | 133 | €6,418 | €6,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,972 | -€82,803 | -€23,831 | -40.4% |
| Amounts payable | 17/49 | €185,204 | €232,030 | +€46,826 | +25.3% |
| Amounts payable after more than one year | 17 | €76,384 | €132,669 | +€56,285 | +73.7% |
| Financial debts | 170/4 | €76,384 | €132,669 | +€56,285 | +73.7% |
| Amounts payable within one year | 42/48 | €108,761 | €99,292 | -€9,469 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €19,001 | €20,548 | +€1,547 | +8.1% |
| Financial debts | 43 | - | €5,260 | +€5,260 | |
| Credit institutions | 430/8 | - | €5,260 | +€5,260 | |
| Trade debts | 44 | €73,014 | €54,166 | -€18,848 | -25.8% |
| Suppliers | 440/4 | €73,014 | €54,166 | -€18,848 | -25.8% |
| Taxes, remuneration and social security | 45 | €12,204 | €8,533 | -€3,670 | -30.1% |
| Taxes | 450/3 | €10,439 | €6,783 | -€3,655 | -35.0% |
| Remuneration and social security | 454/9 | €1,765 | €1,750 | -€15 | -0.9% |
| Other amounts payable | 47/48 | €4,541 | €10,785 | +€6,243 | +137% |
| Accrued charges and deferred income | 492/3 | €59 | €68 | +€9 | +15.8% |
| Remuneration, social security and pensions | 62 | €5,843 | - | -€5,843 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,611 | €28,999 | -€612 | -2.1% |
| Other operating charges | 640/8 | €5,752 | €6,684 | +€932 | +16.2% |
| Gross operating margin | 9900 | -€14,420 | €15,801 | +€30,220 | |
| Operating profit (loss) | 9901 | -€55,625 | -€19,882 | +€35,742 | +64.3% |
| Financial income | 75/76B | €54 | - | -€54 | |
| Recurring financial income | 75 | €54 | - | -€54 | |
| Financial charges | 65/66B | €3,183 | €3,684 | +€501 | +15.7% |
| Recurring financial charges | 65 | €3,183 | €3,684 | +€501 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | -€58,754 | -€23,567 | +€35,188 | +59.9% |
| Income taxes | 67/77 | €217 | €265 | +€47 | +21.8% |
| Profit (loss) for the period | 9904 | -€58,972 | -€23,831 | +€35,140 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,972 | -€23,831 | +€35,140 | +59.6% |
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 17 October 2026 via checked.be.