PIT-EIFFAGE: 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.
What changed
PIT-EIFFAGE
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.8m
2024 · €2.9m-€37,223
Equity
€5.3m
2024 · €5.3m-€37,228
Cash
€813,593
2024 · €502,710+€310,883
Balance sheet total
€20.5m
2024 · €23.7m-€3.2m
Largest movements
Assets
- Receivables within one year -€3.5m
down €3.5m (-15.9%), from €21.8m to €18.3m
of which Other amounts receivable: -€3.4m
- Cash +€310,883
up €310,883 (+61.8%), from €502,710 to €813,593
mainly Receivables within one year (+€3.5m) and Net result for the year (+€2.8m)
Equity and liabilities
- Trade debts -€2.4m
down €2.4m (-17.7%), from €13.5m to €11.1m
- Advances received -€581,757
down €581,757 (-22.4%), from €2.6m to €2.0m
Income statement
- Goods and materials -€1.5m
down €1.5m (-7.5%), from €20.4m to €18.9m
- Other operating income +€1.1m
up €1.1m (+234.9%), from €462,000 to €1.5m
- Turnover -€719,574
down €719,574 (-2.2%), from €32.4m to €31.6m
- Staff costs +€633,639
up €633,639 (+9.4%), from €6.7m to €7.3m
- Financial income -€543,492
no longer reported in 2025 (was €543,492)
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.
Result 2024
€2.9m
Turnover
-€719,574
Other operating income
+€1.1m
Goods and materials
+€1.5m
Services and other goods
+€115,649
Staff costs
-€633,639
Depreciation
-€19,694
Write-downs
-€287,860
Provisions
+€463,699
Other operating charges
-€94
Other operating items
-€1.2m
Financial income
-€543,492
Financial charges
+€2,107
Other financial items
+€155,200
Taxes
+€14,102
Result 2025
€2.8m
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.
From operations
+€3.5m
Investment
-€201,351
Financing
-€3.0m
Cash 2024
€502,710
From operations (derived)
+€3.5m
Net result for the year
+€2.8m
Depreciation
+€252,365
Receivables within one year
+€3.5m
Deferred charges and accrued income
-€14,000
Provisions
-€115,866
Trade debts
-€2.4m
Tax, wage and social debts
+€68,318
Advances received
-€581,757
Other debts
+€2,006
Accrued charges and deferred income
-€9,020
Investment (derived)
-€201,351
Investment in fixed assets (net)
-€153,031
Current investments
-€48,320
Financing
-€3.0m
Debts after one year
-€115,624
Current portion of long-term debt
-€19,231
Contributions, distributions and other
-€2.9m
Cash 2025
€813,593
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,705,269 | €20,504,569 | -€3.2m | -13.5% |
| Fixed assets | 21/28 | €1,096,076 | €996,742 | -€99,334 | -9.1% |
| Tangible fixed assets | 22/27 | €1,079,477 | €980,143 | -€99,334 | -9.2% |
| Land and buildings | 22 | €423,893 | €426,727 | +€2,834 | +0.7% |
| Plant, machinery and equipment | 23 | €104,030 | €63,932 | -€40,098 | -38.5% |
| Furniture and vehicles | 24 | €42,533 | €123,820 | +€81,287 | +191.1% |
| Leasing and similar rights | 25 | €509,021 | €365,664 | -€143,357 | -28.2% |
| Financial fixed assets | 28 | €16,599 | €16,599 | +€0 | 0.0% |
| Other financial fixed assets | 284/8 | €16,599 | €16,599 | +€0 | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,599 | €16,599 | +€0 | 0.0% |
| Current assets | 29/58 | €22,609,194 | €19,507,827 | -€3.1m | -13.7% |
| Amounts receivable within one year | 40/41 | €21,812,497 | €18,337,928 | -€3.5m | -15.9% |
| Trade receivables | 40 | €7,287,464 | €7,237,083 | -€50,381 | -0.7% |
| Other amounts receivable | 41 | €14,525,033 | €11,100,845 | -€3.4m | -23.6% |
| Current investments | 50/53 | €208,590 | €256,910 | +€48,320 | +23.2% |
| Other investments | 51/53 | €208,590 | €256,910 | +€48,320 | +23.2% |
| Cash at bank and in hand | 54/58 | €502,710 | €813,593 | +€310,883 | +61.8% |
| Deferred charges and accrued income | 490/1 | €85,396 | €99,396 | +€14,000 | +16.4% |
| Total equity and liabilities | 10/49 | €23,705,269 | €20,504,569 | -€3.2m | -13.5% |
| Equity | 10/15 | €5,337,373 | €5,300,145 | -€37,228 | -0.7% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €676,689 | €676,689 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €180,000 | €180,000 | = | 0.0% |
| Legal reserve | 130 | €180,000 | €180,000 | = | 0.0% |
| Distributable reserves | 133 | €496,689 | €496,689 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €2,860,684 | €2,823,456 | -€37,228 | -1.3% |
| Provisions and deferred taxes | 16 | €684,851 | €568,985 | -€115,866 | -16.9% |
| Provisions for liabilities and charges | 160/5 | €684,851 | €568,985 | -€115,866 | -16.9% |
| Other liabilities and charges | 164/5 | €684,851 | €568,985 | -€115,866 | -16.9% |
| Amounts payable | 17/49 | €17,683,045 | €14,635,439 | -€3.0m | -17.2% |
| Amounts payable after more than one year | 17 | €344,943 | €229,319 | -€115,624 | -33.5% |
| Financial debts | 170/4 | €344,943 | €229,319 | -€115,624 | -33.5% |
| Leasing and similar obligations | 172 | €344,943 | €229,319 | -€115,624 | -33.5% |
| Amounts payable within one year | 42/48 | €17,195,532 | €14,272,570 | -€2.9m | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €161,612 | €142,381 | -€19,231 | -11.9% |
| Trade debts | 44 | €13,511,903 | €11,119,605 | -€2.4m | -17.7% |
| Suppliers | 440/4 | €13,511,903 | €11,119,605 | -€2.4m | -17.7% |
| Advances received on contracts in progress | 46 | €2,593,238 | €2,011,481 | -€581,757 | -22.4% |
| Taxes, remuneration and social security | 45 | €920,577 | €988,895 | +€68,318 | +7.4% |
| Taxes | 450/3 | - | €209,676 | +€209,676 | |
| Remuneration and social security | 454/9 | €920,577 | €779,219 | -€141,358 | -15.4% |
| Other amounts payable | 47/48 | €8,202 | €10,208 | +€2,006 | +24.5% |
| Accrued charges and deferred income | 492/3 | €142,570 | €133,550 | -€9,020 | -6.3% |
| Operating income | 70/76A | €34,333,201 | €34,185,652 | -€147,549 | -0.4% |
| Turnover | 70 | €32,368,303 | €31,648,729 | -€719,574 | -2.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,502,897 | €989,617 | -€513,280 | -34.2% |
| Other operating income | 74 | €462,000 | €1,547,306 | +€1.1m | +234.9% |
| Operating charges | 60/66A | €30,934,221 | €30,451,812 | -€482,409 | -1.6% |
| Goods for resale, raw materials and consumables | 60 | €20,426,833 | €18,891,032 | -€1.5m | -7.5% |
| Purchases | 600/8 | €20,426,833 | - | -€20.4m | |
| Services and other goods | 61 | €3,055,165 | €2,939,516 | -€115,649 | -3.8% |
| Remuneration, social security and pensions | 62 | €6,705,303 | €7,338,942 | +€633,639 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,671 | €252,365 | +€19,694 | +8.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120,000 | €407,860 | +€287,860 | +239.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €347,832 | -€115,867 | -€463,699 | |
| Other operating charges | 640/8 | €46,417 | €46,511 | +€94 | +0.2% |
| Non-recurring operating charges | 66A | - | €691,453 | +€691,453 | |
| Operating profit (loss) | 9901 | €3,398,980 | €3,733,840 | +€334,860 | +9.9% |
| Financial income | 75/76B | €543,492 | - | -€543,492 | |
| Recurring financial income | 75 | €543,492 | €155,200 | -€388,292 | -71.4% |
| Income from current assets | 751 | €401,654 | €138,592 | -€263,062 | -65.5% |
| Other financial income | 752/9 | €141,838 | €16,608 | -€125,230 | -88.3% |
| Financial charges | 65/66B | €51,752 | €49,645 | -€2,107 | -4.1% |
| Recurring financial charges | 65 | €51,752 | €49,645 | -€2,107 | -4.1% |
| Debt charges | 650 | €26,317 | €30,861 | +€4,544 | +17.3% |
| Other financial charges | 652/9 | €25,435 | €18,784 | -€6,651 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €3,890,720 | €3,839,395 | -€51,325 | -1.3% |
| Income taxes | 67/77 | €1,030,057 | €1,015,955 | -€14,102 | -1.4% |
| Taxes | 670/3 | €1,032,919 | €1,016,520 | -€16,399 | -1.6% |
| Tax adjustments and reversals of tax provisions | 77 | €2,862 | €565 | -€2,297 | -80.3% |
| Profit (loss) for the period | 9904 | €2,860,663 | €2,823,440 | -€37,223 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,860,663 | €2,823,440 | -€37,223 | -1.3% |
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.