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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.

What changed

ENTREPRISE PILATO

BE 0471.663.290
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,123
2024 · -€4,656+€12,779
Equity
€8,590
2024 · €467+€8,123
Cash
€7,907
2024 · €51+€7,856
Balance sheet total
€46,315
2024 · €37,410+€8,906

Largest movements

2024 to 2025
Assets
  • Cash +€7,856

    up €7,856 (+15351.9%), from €51 to €7,907

    mainly Net result for the year (+€8,123) and Depreciation (+€2,700)

  • Deferred charges and accrued income +€3,810

    up €3,810 (+3546.8%), from €107 to €3,917

  • Tangible fixed assets -€2,700

    down €2,700 (-23.1%), from €11,700 to €9,000

Equity and liabilities
  • Profit (loss) carried forward +€8,123

    up €8,123 (+40.6%), from -€19,984 to -€11,861

  • Tax, wage and social debts +€1,504

    new in 2025: €1,504

  • Trade debts -€793

    down €793 (-5.2%), from €15,142 to €14,348

Income statement
  • Gross operating margin +€43,415

    up €43,415, from -€2,177 to €41,238

  • Write-downs +€26,680

    new in 2025: €26,680

  • Other operating charges +€2,916

    up €2,916 (+473.1%), from €616 to €3,533

  • Depreciation +€900

    up €900 (+50.0%), from €1,800 to €2,700

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€4,656
Gross operating margin +€43,415
Depreciation -€900
Write-downs -€26,680
Other operating charges -€2,916
Financial income -€105
Financial charges -€35
Result 2025 €8,123

Cash bridge derived

cash 2024 to 2025

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.

From operations +€7,856
Investment €0
Financing €0
Cash 2024 €51
Net result for the year +€8,123
Depreciation +€2,700
Receivables within one year +€60
Deferred charges and accrued income -€3,810
Trade debts -€793
Tax, wage and social debts +€1,504
Other debts +€72
Cash 2025 €7,907
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €37,410 €46,315 +€8,906 +23.8%
Fixed assets 21/28 €11,700 €9,000 -€2,700 -23.1%
Tangible fixed assets 22/27 €11,700 €9,000 -€2,700 -23.1%
Furniture and vehicles 24 €11,700 €9,000 -€2,700 -23.1%
Current assets 29/58 €25,710 €37,315 +€11,606 +45.1%
Amounts receivable within one year 40/41 €25,551 €25,491 -€60 -0.2%
Trade receivables 40 €24,101 €25,095 +€994 +4.1%
Other amounts receivable 41 €1,450 €396 -€1,054 -72.7%
Cash at bank and in hand 54/58 €51 €7,907 +€7,856 +15351.9%
Deferred charges and accrued income 490/1 €107 €3,917 +€3,810 +3546.8%
Total equity and liabilities 10/49 €37,410 €46,315 +€8,906 +23.8%
Equity 10/15 €467 €8,590 +€8,123 +1739.4%
Contributions 10/11 €18,592 €18,592 = 0.0%
Outside capital 11 €18,592 €18,592 = 0.0%
Other 1109/19 €18,592 €18,592 = 0.0%
Reserves 13 €1,859 €1,859 = 0.0%
Distributable reserves 133 €1,859 €1,859 = 0.0%
Profit (loss) carried forward 14 -€19,984 -€11,861 +€8,123 +40.6%
Amounts payable 17/49 €36,943 €37,725 +€782 +2.1%
Amounts payable after more than one year 17 €2,925 €2,925 = 0.0%
Financial debts 170/4 €2,925 €2,925 = 0.0%
Amounts payable within one year 42/48 €34,017 €34,800 +€782 +2.3%
Trade debts 44 €15,142 €14,348 -€793 -5.2%
Suppliers 440/4 €15,142 €14,348 -€793 -5.2%
Taxes, remuneration and social security 45 - €1,504 +€1,504
Taxes 450/3 - €1,504 +€1,504
Other amounts payable 47/48 €18,875 €18,947 +€72 +0.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,800 €2,700 +€900 +50.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 - €26,680 +€26,680
Other operating charges 640/8 €616 €3,533 +€2,916 +473.1%
Gross operating margin 9900 -€2,177 €41,238 +€43,415
Operating profit (loss) 9901 -€4,594 €8,325 +€12,919
Financial income 75/76B €106 €0 -€105 -99.5%
Recurring financial income 75 €106 €0 -€105 -99.5%
Financial charges 65/66B €168 €203 +€35 +20.6%
Recurring financial charges 65 €168 €203 +€35 +20.6%
Profit (loss) for the period before taxes 9903 -€4,656 €8,123 +€12,779
Profit (loss) for the period 9904 -€4,656 €8,123 +€12,779
Profit (loss) for the period to be appropriated 9905 -€4,656 €8,123 +€12,779

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 27 September 2026 via checked.be.