PIT CONSTRUCT: 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.
PIT CONSTRUCT
Largest movements
- Receivables within one year +€57,485
up €57,485 (+61.1%), from €94,038 to €151,523
of which Trade receivables: +€51,287
- Cash +€40,198
up €40,198 (+210.3%), from €19,117 to €59,316
mainly Trade debts (+€40,317) and Deferred charges and accrued income (+€20,009)
- Deferred charges and accrued income -€20,009
no longer reported in 2025 (was €20,009)
- Tangible fixed assets -€10,898
down €10,898 (-36.0%), from €30,244 to €19,346
of which Furniture and vehicles: -€10,507
- Trade debts +€40,317
up €40,317 (+73.6%), from €54,749 to €95,066
of which Bills of exchange payable: +€41,457
- Tax, wage and social debts +€16,055
up €16,055 (+203.9%), from €7,873 to €23,928
of which Remuneration and social security: +€14,427
- Profit (loss) carried forward +€14,962
up €14,962 (+21.7%), from €69,011 to €83,974
- Debts after one year -€6,119
no longer reported in 2025 (was €6,119)
- Turnover +€339,631
up €339,631 (+49.7%), from €683,956 to €1.0m
- Purchases and services +€305,836
up €305,836 (+47.7%), from €641,586 to €947,422
- Gross operating margin +€33,796
up €33,796 (+79.8%), from €42,370 to €76,165
- Staff costs +€10,868
up €10,868 (+34.1%), from €31,870 to €42,739
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 | €163,694 | €230,470 | +€66,776 | +40.8% |
| Fixed assets | 21/28 | €30,530 | €19,632 | -€10,898 | -35.7% |
| Tangible fixed assets | 22/27 | €30,244 | €19,346 | -€10,898 | -36.0% |
| Plant, machinery and equipment | 23 | €455 | €64 | -€391 | -85.9% |
| Furniture and vehicles | 24 | €29,789 | €19,281 | -€10,507 | -35.3% |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €133,164 | €210,838 | +€77,674 | +58.3% |
| Amounts receivable within one year | 40/41 | €94,038 | €151,523 | +€57,485 | +61.1% |
| Trade receivables | 40 | €86,218 | €137,504 | +€51,287 | +59.5% |
| Other amounts receivable | 41 | €7,820 | €14,019 | +€6,198 | +79.3% |
| Cash at bank and in hand | 54/58 | €19,117 | €59,316 | +€40,198 | +210.3% |
| Deferred charges and accrued income | 490/1 | €20,009 | - | -€20,009 | |
| Total equity and liabilities | 10/49 | €163,694 | €230,470 | +€66,776 | +40.8% |
| Equity | 10/15 | €77,071 | €92,034 | +€14,962 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €69,011 | €83,974 | +€14,962 | +21.7% |
| Amounts payable | 17/49 | €86,623 | €138,436 | +€51,813 | +59.8% |
| Amounts payable after more than one year | 17 | €6,119 | - | -€6,119 | |
| Financial debts | 170/4 | €6,119 | - | -€6,119 | |
| Amounts payable within one year | 42/48 | €80,504 | €138,436 | +€57,932 | +72.0% |
| Current portion of amounts payable after more than one year | 42 | €6,059 | €6,119 | +€60 | +1.0% |
| Trade debts | 44 | €54,749 | €95,066 | +€40,317 | +73.6% |
| Suppliers | 440/4 | €48,765 | €47,625 | -€1,140 | -2.3% |
| Bills of exchange payable | 441 | €5,984 | €47,441 | +€41,457 | +692.7% |
| Taxes, remuneration and social security | 45 | €7,873 | €23,928 | +€16,055 | +203.9% |
| Taxes | 450/3 | €1,300 | €2,928 | +€1,628 | +125.2% |
| Remuneration and social security | 454/9 | €6,573 | €21,000 | +€14,427 | +219.5% |
| Other amounts payable | 47/48 | €11,823 | €13,323 | +€1,500 | +12.7% |
| Turnover | 70 | €683,956 | €1,023,587 | +€339,631 | +49.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €641,586 | €947,422 | +€305,836 | +47.7% |
| Remuneration, social security and pensions | 62 | €31,870 | €42,739 | +€10,868 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,742 | €11,967 | +€7,225 | +152.4% |
| Other operating charges | 640/8 | €1,384 | €1,268 | -€116 | -8.4% |
| Gross operating margin | 9900 | €42,370 | €76,165 | +€33,796 | +79.8% |
| Operating profit (loss) | 9901 | €4,372 | €20,191 | +€15,818 | +361.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +75.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +75.0% |
| Financial charges | 65/66B | €426 | €357 | -€68 | -16.1% |
| Recurring financial charges | 65 | €426 | €357 | -€68 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €3,947 | €19,834 | +€15,887 | +402.5% |
| Income taxes | 67/77 | €1,461 | €4,871 | +€3,411 | +233.5% |
| Profit (loss) for the period | 9904 | €2,486 | €14,962 | +€12,476 | +501.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,486 | €14,962 | +€12,476 | +501.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.