STUDIO PILI: 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.
STUDIO PILI
Largest movements
- Receivables within one year -€23,456
down €23,456 (-41.2%), from €56,967 to €33,511
of which Other amounts receivable: -€19,335
- Cash +€16,350
up €16,350 (+83.3%), from €19,633 to €35,983
mainly Debts after one year (+€133,919) and Depreciation (+€28,750)
- Tangible fixed assets -€15,362
down €15,362 (-3.9%), from €391,445 to €376,083
of which Other tangible fixed assets: -€12,149
- Other debts -€195,261
down €195,261 (-99.8%), from €195,594 to €333
- Debts after one year +€133,919
up €133,919 (+71.6%), from €187,085 to €321,004
- Reserves +€34,871
new in 2025: €34,871
- Profit (loss) carried forward -€10,091
no longer reported in 2025 (was €10,091)
- Trade debts +€7,347
up €7,347 (+64.5%), from €11,388 to €18,734
- Gross operating margin +€17,846
up €17,846 (+14.4%), from €123,664 to €141,510
- Staff costs -€10,592
down €10,592 (-13.7%), from €77,439 to €66,847
- Depreciation +€7,049
up €7,049 (+32.5%), from €21,700 to €28,750
- Financial charges +€3,777
up €3,777 (+29.4%), from €12,857 to €16,634
- Other operating charges +€2,957
up €2,957 (+139%), from €2,133 to €5,090
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 | €469,996 | €447,086 | -€22,910 | -4.9% |
| Fixed assets | 21/28 | €391,445 | €376,083 | -€15,362 | -3.9% |
| Tangible fixed assets | 22/27 | €391,445 | €376,083 | -€15,362 | -3.9% |
| Land and buildings | 22 | €194,690 | €186,768 | -€7,922 | -4.1% |
| Plant, machinery and equipment | 23 | €5,278 | €9,413 | +€4,135 | +78.4% |
| Furniture and vehicles | 24 | €6,692 | €7,266 | +€573 | +8.6% |
| Other tangible fixed assets | 26 | €184,785 | €172,636 | -€12,149 | -6.6% |
| Current assets | 29/58 | €78,551 | €71,003 | -€7,548 | -9.6% |
| Amounts receivable within one year | 40/41 | €56,967 | €33,511 | -€23,456 | -41.2% |
| Trade receivables | 40 | €22,754 | €18,633 | -€4,121 | -18.1% |
| Other amounts receivable | 41 | €34,213 | €14,878 | -€19,335 | -56.5% |
| Cash at bank and in hand | 54/58 | €19,633 | €35,983 | +€16,350 | +83.3% |
| Deferred charges and accrued income | 490/1 | €1,951 | €1,509 | -€442 | -22.7% |
| Total equity and liabilities | 10/49 | €469,996 | €447,086 | -€22,910 | -4.9% |
| Equity | 10/15 | €40,091 | €64,871 | +€24,780 | +61.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €34,871 | +€34,871 | |
| Distributable reserves | 133 | - | €34,871 | +€34,871 | |
| Profit (loss) carried forward | 14 | €10,091 | - | -€10,091 | |
| Amounts payable | 17/49 | €429,905 | €382,214 | -€47,690 | -11.1% |
| Amounts payable after more than one year | 17 | €187,085 | €321,004 | +€133,919 | +71.6% |
| Financial debts | 170/4 | €187,085 | €321,004 | +€133,919 | +71.6% |
| Amounts payable within one year | 42/48 | €242,820 | €60,570 | -€182,250 | -75.1% |
| Current portion of amounts payable after more than one year | 42 | €24,923 | €29,520 | +€4,597 | +18.4% |
| Trade debts | 44 | €11,388 | €18,734 | +€7,347 | +64.5% |
| Suppliers | 440/4 | €11,388 | €18,734 | +€7,347 | +64.5% |
| Taxes, remuneration and social security | 45 | €10,915 | €11,983 | +€1,068 | +9.8% |
| Taxes | 450/3 | €1,623 | €5,350 | +€3,727 | +230% |
| Remuneration and social security | 454/9 | €9,293 | €6,633 | -€2,660 | -28.6% |
| Other amounts payable | 47/48 | €195,594 | €333 | -€195,261 | -99.8% |
| Accrued charges and deferred income | 492/3 | - | €641 | +€641 | |
| Non-recurring operating income | 76A | - | €10,056 | +€10,056 | |
| Remuneration, social security and pensions | 62 | €77,439 | €66,847 | -€10,592 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,700 | €28,750 | +€7,049 | +32.5% |
| Other operating charges | 640/8 | €2,133 | €5,090 | +€2,957 | +139% |
| Gross operating margin | 9900 | €123,664 | €141,510 | +€17,846 | +14.4% |
| Operating profit (loss) | 9901 | €22,392 | €40,824 | +€18,432 | +82.3% |
| Financial income | 75/76B | €25 | €590 | +€565 | +2,234% |
| Recurring financial income | 75 | €25 | €590 | +€565 | +2,234% |
| Financial charges | 65/66B | €12,857 | €16,634 | +€3,777 | +29.4% |
| Recurring financial charges | 65 | €12,857 | €16,634 | +€3,777 | +29.4% |
| Profit (loss) for the period before taxes | 9903 | €9,560 | €24,780 | +€15,220 | +159% |
| Profit (loss) for the period | 9904 | €9,560 | €24,780 | +€15,220 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €9,560 | €24,780 | +€15,220 | +159% |
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 15 October 2026 via checked.be.