P-PITE: 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.
P-PITE
Largest movements
- Receivables within one year +€6,409
up €6,409 (+490.4%), from €1,307 to €7,716
of which Trade receivables: +€5,010
- Cash -€5,576
down €5,576 (-16.4%), from €33,898 to €28,323
mainly Trade debts (-€11,668) and Net result for the year (-€6,612)
- Deferred charges and accrued income -€5,400
no longer reported in 2025 (was €5,400)
- Stocks and contracts +€3,700
up €3,700 (+15.9%), from €23,200 to €26,900
- Tangible fixed assets +€2,261
new in 2025: €2,261
- Other debts +€14,679
up €14,679 (+53.8%), from €27,296 to €41,974
- Trade debts -€11,668
no longer reported in 2025 (was €11,668)
- Profit (loss) carried forward -€6,612
down €6,612 (-96.9%), from €6,823 to €210
- Tax, wage and social debts +€4,997
up €4,997 (+66.5%), from €7,519 to €12,516
of which Taxes: +€3,267
- Turnover -€24,500
down €24,500 (-18.0%), from €135,880 to €111,381
- Purchases and services -€12,661
down €12,661 (-11.0%), from €114,589 to €101,928
- Gross operating margin -€11,610
down €11,610 (-55.1%), from €21,063 to €9,453
- Staff costs -€2,014
down €2,014 (-13.4%), from €15,068 to €13,054
- Taxes +€1,781
new in 2025: €1,781
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.
Cash bridge derived
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 | €68,305 | €69,701 | +€1,395 | +2.0% |
| Fixed assets | 21/28 | €4,500 | €6,761 | +€2,261 | +50.3% |
| Tangible fixed assets | 22/27 | - | €2,261 | +€2,261 | |
| Furniture and vehicles | 24 | - | €2,261 | +€2,261 | |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €63,805 | €62,939 | -€866 | -1.4% |
| Stocks and contracts in progress | 3 | €23,200 | €26,900 | +€3,700 | +15.9% |
| Stocks | 30/36 | €23,200 | €26,900 | +€3,700 | +15.9% |
| Amounts receivable within one year | 40/41 | €1,307 | €7,716 | +€6,409 | +490.4% |
| Trade receivables | 40 | €1,307 | €6,317 | +€5,010 | +383.3% |
| Other amounts receivable | 41 | - | €1,399 | +€1,399 | |
| Cash at bank and in hand | 54/58 | €33,898 | €28,323 | -€5,576 | -16.4% |
| Deferred charges and accrued income | 490/1 | €5,400 | - | -€5,400 | |
| Total equity and liabilities | 10/49 | €68,305 | €69,701 | +€1,395 | +2.0% |
| Equity | 10/15 | €21,823 | €15,210 | -€6,612 | -30.3% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,823 | €210 | -€6,612 | -96.9% |
| Amounts payable | 17/49 | €46,483 | €54,490 | +€8,007 | +17.2% |
| Amounts payable within one year | 42/48 | €46,483 | €54,490 | +€8,007 | +17.2% |
| Trade debts | 44 | €11,668 | - | -€11,668 | |
| Suppliers | 440/4 | €11,668 | - | -€11,668 | |
| Taxes, remuneration and social security | 45 | €7,519 | €12,516 | +€4,997 | +66.5% |
| Taxes | 450/3 | €1,361 | €4,628 | +€3,267 | +240.1% |
| Remuneration and social security | 454/9 | €6,158 | €7,888 | +€1,730 | +28.1% |
| Other amounts payable | 47/48 | €27,296 | €41,974 | +€14,679 | +53.8% |
| Turnover | 70 | €135,880 | €111,381 | -€24,500 | -18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €114,589 | €101,928 | -€12,661 | -11.0% |
| Remuneration, social security and pensions | 62 | €15,068 | €13,054 | -€2,014 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,130 | +€1,130 | |
| Other operating charges | 640/8 | €120 | - | -€120 | |
| Gross operating margin | 9900 | €21,063 | €9,453 | -€11,610 | -55.1% |
| Operating profit (loss) | 9901 | €5,875 | -€4,731 | -€10,607 | |
| Financial charges | 65/66B | - | €100 | +€100 | |
| Recurring financial charges | 65 | - | €100 | +€100 | |
| Profit (loss) for the period before taxes | 9903 | €5,875 | -€4,831 | -€10,706 | |
| Income taxes | 67/77 | - | €1,781 | +€1,781 | |
| Profit (loss) for the period | 9904 | €5,875 | -€6,612 | -€12,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,875 | -€6,612 | -€12,487 |
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 1 October 2026 via checked.be.