PIHITI: 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.
PIHITI
Largest movements
- Tangible fixed assets -€11,337
down €11,337 (-34.3%), from €33,005 to €21,668
of which Furniture and vehicles: -€10,337
- Stocks and contracts -€1,660
down €1,660 (-49.1%), from €3,382 to €1,722
- Cash -€727
down €727 (-88.0%), from €826 to €99
mainly Net result for the year (-€14,339) and Debts after one year (-€4,697)
- Profit (loss) carried forward -€14,339
down €14,339 (-29.2%), from -€49,168 to -€63,507
- Other debts +€7,529
up €7,529 (+12.9%), from €58,293 to €65,822
- Debts after one year -€4,697
down €4,697 (-45.5%), from €10,334 to €5,637
- Trade debts -€1,812
no longer reported in 2025 (was €1,812)
- Accrued charges and deferred income -€1,033
no longer reported in 2025 (was €1,033)
- Financial income -€1,213
no longer reported in 2025 (was €1,213)
- Gross operating margin +€390
up €390 (+18.9%), from -€2,069 to -€1,678
- Financial charges -€209
down €209 (-32.7%), from €639 to €430
- Other operating charges +€70
up €70 (+13.0%), from €536 to €606
- Depreciation -€24
down €24 (-0.2%), from €11,649 to €11,625
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 | €40,361 | €26,146 | -€14,214 | -35.2% |
| Formation expenses | 20 | €288 | €1 | -€288 | -99.8% |
| Fixed assets | 21/28 | €33,005 | €21,668 | -€11,337 | -34.3% |
| Tangible fixed assets | 22/27 | €33,005 | €21,668 | -€11,337 | -34.3% |
| Plant, machinery and equipment | 23 | €1,196 | €897 | -€299 | -25.0% |
| Furniture and vehicles | 24 | €31,009 | €20,673 | -€10,337 | -33.3% |
| Other tangible fixed assets | 26 | €800 | €98 | -€701 | -87.7% |
| Current assets | 29/58 | €7,067 | €4,478 | -€2,589 | -36.6% |
| Stocks and contracts in progress | 3 | €3,382 | €1,722 | -€1,660 | -49.1% |
| Stocks | 30/36 | €3,382 | €1,722 | -€1,660 | -49.1% |
| Amounts receivable within one year | 40/41 | - | €37 | +€37 | |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €826 | €99 | -€727 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,859 | €2,619 | -€240 | -8.4% |
| Total equity and liabilities | 10/49 | €40,361 | €26,146 | -€14,214 | -35.2% |
| Equity | 10/15 | -€36,668 | -€51,007 | -€14,339 | -39.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,168 | -€63,507 | -€14,339 | -29.2% |
| Amounts payable | 17/49 | €77,028 | €77,153 | +€125 | +0.2% |
| Amounts payable after more than one year | 17 | €10,334 | €5,637 | -€4,697 | -45.5% |
| Financial debts | 170/4 | €10,334 | €5,637 | -€4,697 | -45.5% |
| Amounts payable within one year | 42/48 | €65,661 | €71,516 | +€5,855 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €4,577 | €4,697 | +€121 | +2.6% |
| Trade debts | 44 | €1,812 | - | -€1,812 | |
| Suppliers | 440/4 | €1,812 | - | -€1,812 | |
| Taxes, remuneration and social security | 45 | €980 | €997 | +€17 | +1.7% |
| Taxes | 450/3 | €980 | €997 | +€17 | +1.7% |
| Other amounts payable | 47/48 | €58,293 | €65,822 | +€7,529 | +12.9% |
| Accrued charges and deferred income | 492/3 | €1,033 | - | -€1,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,649 | €11,625 | -€24 | -0.2% |
| Other operating charges | 640/8 | €536 | €606 | +€70 | +13.0% |
| Gross operating margin | 9900 | -€2,069 | -€1,678 | +€390 | +18.9% |
| Operating profit (loss) | 9901 | -€14,254 | -€13,909 | +€345 | +2.4% |
| Financial income | 75/76B | €1,213 | - | -€1,213 | |
| Recurring financial income | 75 | €1,213 | - | -€1,213 | |
| Financial charges | 65/66B | €639 | €430 | -€209 | -32.7% |
| Recurring financial charges | 65 | €639 | €430 | -€209 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,680 | -€14,339 | -€659 | -4.8% |
| Profit (loss) for the period | 9904 | -€13,680 | -€14,339 | -€659 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,680 | -€14,339 | -€659 | -4.8% |
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 20 October 2026 via checked.be.