PISTIS: 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.
PISTIS
Largest movements
- Cash -€51,826
down €51,826 (-37.1%), from €139,775 to €87,949
mainly Trade debts (-€29,768) and Contributions, distributions and other (-€18,708)
- Receivables within one year +€13,126
up €13,126 (+31.3%), from €41,916 to €55,042
of which Other amounts receivable: +€8,084
- Trade debts -€29,768
down €29,768 (-43.8%), from €67,970 to €38,202
- Other debts -€8,423
down €8,423 (-10.1%), from €83,305 to €74,882
- Debts after one year -€4,832
down €4,832 (-79.9%), from €6,044 to €1,212
- Tax, wage and social debts +€2,374
up €2,374 (+81.1%), from €2,927 to €5,301
- Gross operating margin -€28,289
down €28,289 (-50.8%), from €55,684 to €27,395
- Depreciation -€20,560
down €20,560 (-92.1%), from €22,319 to €1,759
- Taxes -€1,645
down €1,645 (-21.4%), from €7,686 to €6,041
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 | €185,518 | €144,897 | -€40,621 | -21.9% |
| Fixed assets | 21/28 | €1,759 | - | -€1,759 | |
| Tangible fixed assets | 22/27 | €1,759 | - | -€1,759 | |
| Plant, machinery and equipment | 23 | €526 | - | -€526 | |
| Furniture and vehicles | 24 | €1,233 | - | -€1,233 | |
| Current assets | 29/58 | €183,759 | €144,897 | -€38,862 | -21.1% |
| Amounts receivable within one year | 40/41 | €41,916 | €55,042 | +€13,126 | +31.3% |
| Trade receivables | 40 | €39,602 | €44,644 | +€5,042 | +12.7% |
| Other amounts receivable | 41 | €2,314 | €10,398 | +€8,084 | +349% |
| Cash at bank and in hand | 54/58 | €139,775 | €87,949 | -€51,826 | -37.1% |
| Deferred charges and accrued income | 490/1 | €2,068 | €1,906 | -€162 | -7.8% |
| Total equity and liabilities | 10/49 | €185,518 | €144,897 | -€40,621 | -21.9% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €165,058 | €124,437 | -€40,621 | -24.6% |
| Amounts payable after more than one year | 17 | €6,044 | €1,212 | -€4,832 | -79.9% |
| Financial debts | 170/4 | €6,044 | €1,212 | -€4,832 | -79.9% |
| Amounts payable within one year | 42/48 | €159,014 | €123,225 | -€35,789 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €4,812 | €4,840 | +€28 | +0.6% |
| Trade debts | 44 | €67,970 | €38,202 | -€29,768 | -43.8% |
| Suppliers | 440/4 | €67,970 | €38,202 | -€29,768 | -43.8% |
| Taxes, remuneration and social security | 45 | €2,927 | €5,301 | +€2,374 | +81.1% |
| Taxes | 450/3 | €2,927 | €5,301 | +€2,374 | +81.1% |
| Other amounts payable | 47/48 | €83,305 | €74,882 | -€8,423 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,319 | €1,759 | -€20,560 | -92.1% |
| Other operating charges | 640/8 | €564 | €582 | +€18 | +3.2% |
| Gross operating margin | 9900 | €55,684 | €27,395 | -€28,289 | -50.8% |
| Operating profit (loss) | 9901 | €32,801 | €25,054 | -€7,747 | -23.6% |
| Financial charges | 65/66B | €471 | €305 | -€166 | -35.2% |
| Recurring financial charges | 65 | €471 | €305 | -€166 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €32,330 | €24,749 | -€7,581 | -23.4% |
| Income taxes | 67/77 | €7,686 | €6,041 | -€1,645 | -21.4% |
| Profit (loss) for the period | 9904 | €24,644 | €18,708 | -€5,936 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,644 | €18,708 | -€5,936 | -24.1% |
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 13 October 2026 via checked.be.