P.T.I.C.: what changed
P.T.I.C.
Largest movements
- Stocks and contracts +€24,923
up €24,923 (+15.6%), from €159,740 to €184,663
of which Stocks: +€22,755
- Receivables within one year +€18,151
up €18,151 (+22.7%), from €80,008 to €98,159
of which Trade receivables: +€22,701
- Tangible fixed assets -€6,563
down €6,563 (-20.9%), from €31,399 to €24,836
of which Plant, machinery and equipment: -€5,827
- Profit (loss) carried forward +€63,567
up €63,567 (+29.4%), from €215,867 to €279,434
- Trade debts -€7,601
down €7,601 (-14.0%), from €54,416 to €46,815
- Debts after one year -€6,970
down €6,970 (-59.4%), from €11,738 to €4,768
- Tax, wage and social debts -€5,940
down €5,940 (-20.5%), from €28,943 to €23,003
of which Remuneration and social security: -€7,892
- Staff costs -€25,601
down €25,601 (-23.8%), from €107,520 to €81,919
- Gross operating margin +€14,889
up €14,889 (+9.4%), from €158,957 to €173,846
- Taxes +€8,046
up €8,046 (+80.5%), from €10,000 to €18,046
- Financial income -€3,612
down €3,612 (-76.7%), from €4,709 to €1,097
- Financial charges +€2,599
up €2,599 (+169%), from €1,541 to €4,140
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €444,468 | €484,276 | +€39,808 | +9.0% |
| Fixed assets | 21/28 | €31,399 | €26,698 | -€4,701 | -15.0% |
| Intangible fixed assets | 21 | - | €1,862 | +€1,862 | |
| Tangible fixed assets | 22/27 | €31,399 | €24,836 | -€6,563 | -20.9% |
| Plant, machinery and equipment | 23 | €30,374 | €24,547 | -€5,827 | -19.2% |
| Furniture and vehicles | 24 | €1,025 | €289 | -€736 | -71.8% |
| Current assets | 29/58 | €413,069 | €457,578 | +€44,509 | +10.8% |
| Stocks and contracts in progress | 3 | €159,740 | €184,663 | +€24,923 | +15.6% |
| Stocks | 30/36 | €154,018 | €176,773 | +€22,755 | +14.8% |
| Contracts in progress | 37 | €5,722 | €7,890 | +€2,168 | +37.9% |
| Amounts receivable within one year | 40/41 | €80,008 | €98,159 | +€18,151 | +22.7% |
| Trade receivables | 40 | €75,458 | €98,159 | +€22,701 | +30.1% |
| Other amounts receivable | 41 | €4,550 | - | -€4,550 | |
| Cash at bank and in hand | 54/58 | €169,599 | €173,035 | +€3,436 | +2.0% |
| Deferred charges and accrued income | 490/1 | €3,722 | €1,721 | -€2,001 | -53.8% |
| Total equity and liabilities | 10/49 | €444,468 | €484,276 | +€39,808 | +9.0% |
| Equity | 10/15 | €337,867 | €401,434 | +€63,567 | +18.8% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,867 | €279,434 | +€63,567 | +29.4% |
| Amounts payable | 17/49 | €106,601 | €82,842 | -€23,759 | -22.3% |
| Amounts payable after more than one year | 17 | €11,738 | €4,768 | -€6,970 | -59.4% |
| Financial debts | 170/4 | €11,738 | €4,768 | -€6,970 | -59.4% |
| Amounts payable within one year | 42/48 | €94,863 | €78,074 | -€16,789 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €10,238 | €6,970 | -€3,268 | -31.9% |
| Trade debts | 44 | €54,416 | €46,815 | -€7,601 | -14.0% |
| Suppliers | 440/4 | €54,416 | €46,815 | -€7,601 | -14.0% |
| Taxes, remuneration and social security | 45 | €28,943 | €23,003 | -€5,940 | -20.5% |
| Taxes | 450/3 | €19,307 | €21,259 | +€1,952 | +10.1% |
| Remuneration and social security | 454/9 | €9,636 | €1,744 | -€7,892 | -81.9% |
| Other amounts payable | 47/48 | €1,266 | €1,286 | +€20 | +1.6% |
| Remuneration, social security and pensions | 62 | €107,520 | €81,919 | -€25,601 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,379 | €6,966 | -€1,413 | -16.9% |
| Other operating charges | 640/8 | €692 | €305 | -€387 | -55.9% |
| Gross operating margin | 9900 | €158,957 | €173,846 | +€14,889 | +9.4% |
| Operating profit (loss) | 9901 | €42,366 | €84,656 | +€42,290 | +99.8% |
| Financial income | 75/76B | €4,709 | €1,097 | -€3,612 | -76.7% |
| Recurring financial income | 75 | €4,709 | €1,097 | -€3,612 | -76.7% |
| Financial charges | 65/66B | €1,541 | €4,140 | +€2,599 | +169% |
| Recurring financial charges | 65 | €1,541 | €4,140 | +€2,599 | +169% |
| Profit (loss) for the period before taxes | 9903 | €45,534 | €81,613 | +€36,079 | +79.2% |
| Income taxes | 67/77 | €10,000 | €18,046 | +€8,046 | +80.5% |
| Profit (loss) for the period | 9904 | €35,534 | €63,567 | +€28,033 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,534 | €63,567 | +€28,033 | +78.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.