PILTEC: 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.
PILTEC
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+1,331%), from €108,305 to €1.6m
of which Other tangible fixed assets: +€1.3m
- Stocks and contracts +€677,850
up €677,850 (+171%), from €396,559 to €1.1m
- Receivables within one year +€434,868
up €434,868 (+447%), from €97,233 to €532,102
of which Trade receivables: +€444,471
- Cash +€89,295
up €89,295 (+84.5%), from €105,646 to €194,941
mainly Trade debts (+€1.2m) and Net result for the year (+€807,527)
- Trade debts +€1.2m
up €1.2m (+1,046%), from €118,187 to €1.4m
- Profit (loss) carried forward +€507,527
up €507,527 (+360%), from €141,027 to €648,554
- Other debts +€285,120
up €285,120 (+1,888%), from €15,101 to €300,221
- Advances received +€224,915
up €224,915 (+71.9%), from €313,000 to €537,915
- Provisions +€200,000
new in 2025: €200,000
- Gross operating margin +€1.1m
up €1.1m (+538%), from €211,468 to €1.3m
- Depreciation +€157,529
up €157,529 (+3,187%), from €4,943 to €162,471
- Taxes +€66,573
up €66,573 (+151%), from €43,989 to €110,562
- Staff costs +€66,324
new in 2025: €66,324
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 | €732,304 | €3,372,900 | +€2.6m | +361% |
| Fixed assets | 21/28 | €120,305 | €1,562,778 | +€1.4m | +1,199% |
| Intangible fixed assets | 21 | - | €537 | +€537 | |
| Tangible fixed assets | 22/27 | €108,305 | €1,550,241 | +€1.4m | +1,331% |
| Plant, machinery and equipment | 23 | €2,382 | €80,864 | +€78,482 | +3,295% |
| Furniture and vehicles | 24 | €5,471 | €39,271 | +€33,800 | +618% |
| Other tangible fixed assets | 26 | €100,452 | €1,430,106 | +€1.3m | +1,324% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €611,999 | €1,810,121 | +€1.2m | +196% |
| Stocks and contracts in progress | 3 | €396,559 | €1,074,409 | +€677,850 | +171% |
| Stocks | 30/36 | €396,559 | €1,074,409 | +€677,850 | +171% |
| Amounts receivable within one year | 40/41 | €97,233 | €532,102 | +€434,868 | +447% |
| Trade receivables | 40 | €87,630 | €532,102 | +€444,471 | +507% |
| Other amounts receivable | 41 | €9,603 | - | -€9,603 | |
| Cash at bank and in hand | 54/58 | €105,646 | €194,941 | +€89,295 | +84.5% |
| Deferred charges and accrued income | 490/1 | €12,561 | €8,670 | -€3,891 | -31.0% |
| Total equity and liabilities | 10/49 | €732,304 | €3,372,900 | +€2.6m | +361% |
| Equity | 10/15 | €241,027 | €748,554 | +€507,527 | +211% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,027 | €648,554 | +€507,527 | +360% |
| Provisions and deferred taxes | 16 | - | €200,000 | +€200,000 | |
| Provisions for liabilities and charges | 160/5 | - | €200,000 | +€200,000 | |
| Other liabilities and charges | 164/5 | - | €200,000 | +€200,000 | |
| Amounts payable | 17/49 | €491,277 | €2,424,346 | +€1.9m | +393% |
| Amounts payable after more than one year | 17 | - | €2,833 | +€2,833 | |
| Financial debts | 170/4 | - | €2,833 | +€2,833 | |
| Amounts payable within one year | 42/48 | €490,277 | €2,420,292 | +€1.9m | +394% |
| Current portion of amounts payable after more than one year | 42 | - | €11,094 | +€11,094 | |
| Trade debts | 44 | €118,187 | €1,354,128 | +€1.2m | +1,046% |
| Suppliers | 440/4 | €118,187 | €1,354,128 | +€1.2m | +1,046% |
| Advances received on contracts in progress | 46 | €313,000 | €537,915 | +€224,915 | +71.9% |
| Taxes, remuneration and social security | 45 | €43,989 | €216,933 | +€172,944 | +393% |
| Taxes | 450/3 | €43,989 | €202,520 | +€158,531 | +360% |
| Remuneration and social security | 454/9 | - | €14,413 | +€14,413 | |
| Other amounts payable | 47/48 | €15,101 | €300,221 | +€285,120 | +1,888% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,221 | +€221 | +22.1% |
| Non-recurring operating income | 76A | €48 | €62,639 | +€62,592 | +130,945% |
| Remuneration, social security and pensions | 62 | - | €66,324 | +€66,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €162,471 | +€157,529 | +3,187% |
| Other operating charges | 640/8 | €50 | €2,463 | +€2,413 | +4,826% |
| Non-recurring operating charges | 66A | - | €200,000 | +€200,000 | |
| Gross operating margin | 9900 | €211,468 | €1,349,903 | +€1.1m | +538% |
| Operating profit (loss) | 9901 | €206,475 | €918,644 | +€712,169 | +345% |
| Financial income | 75/76B | - | €1,490 | +€1,490 | |
| Recurring financial income | 75 | - | €1,490 | +€1,490 | |
| Financial charges | 65/66B | €6,459 | €2,046 | -€4,414 | -68.3% |
| Recurring financial charges | 65 | €6,459 | €2,046 | -€4,414 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €200,016 | €918,088 | +€718,072 | +359% |
| Income taxes | 67/77 | €43,989 | €110,562 | +€66,573 | +151% |
| Profit (loss) for the period | 9904 | €156,027 | €807,527 | +€651,499 | +418% |
| Profit (loss) for the period to be appropriated | 9905 | €156,027 | €807,527 | +€651,499 | +418% |
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 13 October 2026 via checked.be.