DAC PITTARD: 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.
DAC PITTARD
Largest movements
- Current investments +€30,104
up €30,104 (+75.2%), from €40,037 to €70,141
- Receivables within one year +€15,048
up €15,048 (+372%), from €4,045 to €19,093
of which Trade receivables: +€13,149
- Cash -€5,928
down €5,928 (-16.0%), from €37,072 to €31,144
mainly Current investments (-€30,104) and Receivables within one year (-€15,048)
- Tangible fixed assets +€1,514
up €1,514 (+9.8%), from €15,437 to €16,951
of which Plant, machinery and equipment: +€2,466
- Profit (loss) carried forward +€37,544
up €37,544 (+73.7%), from €50,954 to €88,498
- Other debts +€2,300
up €2,300 (+27.1%), from €8,500 to €10,800
- Tax, wage and social debts +€2,107
up €2,107 (+26.8%), from €7,863 to €9,970
- Gross operating margin +€19,977
up €19,977 (+68.7%), from €29,060 to €49,037
- Depreciation +€1,453
up €1,453 (+192%), from €758 to €2,211
- Taxes +€579
up €579 (+7.2%), from €8,022 to €8,601
- Other operating charges -€546
down €546 (-45.7%), from €1,194 to €648
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 | €96,641 | €137,779 | +€41,138 | +42.6% |
| Fixed assets | 21/28 | €15,487 | €17,001 | +€1,514 | +9.8% |
| Tangible fixed assets | 22/27 | €15,437 | €16,951 | +€1,514 | +9.8% |
| Land and buildings | 22 | €12,352 | €11,772 | -€580 | -4.7% |
| Plant, machinery and equipment | 23 | - | €2,466 | +€2,466 | |
| Furniture and vehicles | 24 | €3,085 | €2,713 | -€372 | -12.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €81,154 | €120,778 | +€39,624 | +48.8% |
| Amounts receivable within one year | 40/41 | €4,045 | €19,093 | +€15,048 | +372% |
| Trade receivables | 40 | €4,045 | €17,194 | +€13,149 | +325% |
| Other amounts receivable | 41 | - | €1,899 | +€1,899 | |
| Current investments | 50/53 | €40,037 | €70,141 | +€30,104 | +75.2% |
| Cash at bank and in hand | 54/58 | €37,072 | €31,144 | -€5,928 | -16.0% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €96,641 | €137,779 | +€41,138 | +42.6% |
| Equity | 10/15 | €79,395 | €116,939 | +€37,544 | +47.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €20,381 | €20,381 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,381 | €20,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,954 | €88,498 | +€37,544 | +73.7% |
| Amounts payable | 17/49 | €17,246 | €20,840 | +€3,594 | +20.8% |
| Amounts payable within one year | 42/48 | €17,246 | €20,840 | +€3,594 | +20.8% |
| Trade debts | 44 | €883 | €70 | -€813 | -92.1% |
| Suppliers | 440/4 | €883 | €70 | -€813 | -92.1% |
| Taxes, remuneration and social security | 45 | €7,863 | €9,970 | +€2,107 | +26.8% |
| Taxes | 450/3 | €7,863 | €9,970 | +€2,107 | +26.8% |
| Other amounts payable | 47/48 | €8,500 | €10,800 | +€2,300 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €2,211 | +€1,453 | +192% |
| Other operating charges | 640/8 | €1,194 | €648 | -€546 | -45.7% |
| Gross operating margin | 9900 | €29,060 | €49,037 | +€19,977 | +68.7% |
| Operating profit (loss) | 9901 | €27,108 | €46,178 | +€19,070 | +70.3% |
| Financial income | 75/76B | €27 | €109 | +€82 | +304% |
| Recurring financial income | 75 | €27 | €109 | +€82 | +304% |
| Financial charges | 65/66B | €66 | €142 | +€76 | +115% |
| Recurring financial charges | 65 | €66 | €142 | +€76 | +115% |
| Profit (loss) for the period before taxes | 9903 | €27,069 | €46,145 | +€19,076 | +70.5% |
| Income taxes | 67/77 | €8,022 | €8,601 | +€579 | +7.2% |
| Profit (loss) for the period | 9904 | €19,047 | €37,544 | +€18,497 | +97.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,047 | €37,544 | +€18,497 | +97.1% |
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 25 October 2026 via checked.be.