Pit Yes: 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.
Pit Yes
Largest movements
- Financial fixed assets -€567,314
down €567,314 (-97.7%), from €580,722 to €13,408
- Cash -€162,014
down €162,014 (-50.7%), from €319,737 to €157,723
mainly Net result for the year (-€578,280) and Other debts (-€75,409)
- Receivables within one year -€24,000
no longer reported in 2025 (was €24,000)
- Reserves -€613,574
down €613,574 (-97.2%), from €631,508 to €17,934
- Other debts -€75,409
down €75,409 (-93.0%), from €81,069 to €5,660
- Debts after one year -€73,337
down €73,337 (-49.9%), from €146,922 to €73,585
- Financial charges +€502,367
up €502,367 (+804.9%), from €62,414 to €564,781
of which Non-recurring financial charges: +€561,114
- Financial income -€349,533
down €349,533 (-99.9%), from €350,000 to €467
- Gross operating margin -€148,457
down €148,457 (-99.3%), from €149,468 to €1,012
- Taxes -€18,861
down €18,861 (-98.3%), from €19,180 to €319
- Depreciation -€1,761
down €1,761 (-11.5%), from €15,285 to €13,524
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 | €953,820 | €191,499 | -€762,322 | -79.9% |
| Fixed assets | 21/28 | €610,083 | €33,775 | -€576,308 | -94.5% |
| Intangible fixed assets | 21 | €2,293 | €1,793 | -€500 | -21.8% |
| Tangible fixed assets | 22/27 | €27,068 | €18,574 | -€8,494 | -31.4% |
| Plant, machinery and equipment | 23 | €1,431 | €5,282 | +€3,850 | +269.0% |
| Furniture and vehicles | 24 | €25,636 | €13,292 | -€12,344 | -48.2% |
| Financial fixed assets | 28 | €580,722 | €13,408 | -€567,314 | -97.7% |
| Current assets | 29/58 | €343,737 | €157,723 | -€186,014 | -54.1% |
| Amounts receivable within one year | 40/41 | €24,000 | - | -€24,000 | |
| Trade receivables | 40 | €24,000 | - | -€24,000 | |
| Cash at bank and in hand | 54/58 | €319,737 | €157,723 | -€162,014 | -50.7% |
| Total equity and liabilities | 10/49 | €953,820 | €191,499 | -€762,322 | -79.9% |
| Equity | 10/15 | €650,108 | €36,534 | -€613,574 | -94.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €631,508 | €17,934 | -€613,574 | -97.2% |
| Distributable reserves | 133 | €631,508 | €17,934 | -€613,574 | -97.2% |
| Amounts payable | 17/49 | €303,712 | €154,964 | -€148,747 | -49.0% |
| Amounts payable after more than one year | 17 | €146,922 | €73,585 | -€73,337 | -49.9% |
| Financial debts | 170/4 | €146,922 | €73,585 | -€73,337 | -49.9% |
| Amounts payable within one year | 42/48 | €156,790 | €81,380 | -€75,410 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €72,442 | €73,337 | +€896 | +1.2% |
| Trade debts | 44 | €99 | €2,064 | +€1,965 | +1980.7% |
| Suppliers | 440/4 | €99 | €2,064 | +€1,965 | +1980.7% |
| Taxes, remuneration and social security | 45 | €3,180 | €319 | -€2,861 | -90.0% |
| Taxes | 450/3 | €3,180 | €319 | -€2,861 | -90.0% |
| Other amounts payable | 47/48 | €81,069 | €5,660 | -€75,409 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,285 | €13,524 | -€1,761 | -11.5% |
| Other operating charges | 640/8 | €1,016 | €1,135 | +€119 | +11.7% |
| Gross operating margin | 9900 | €149,468 | €1,012 | -€148,457 | -99.3% |
| Operating profit (loss) | 9901 | €133,168 | -€13,647 | -€146,815 | |
| Financial income | 75/76B | €350,000 | €467 | -€349,533 | -99.9% |
| Recurring financial income | 75 | €350,000 | €467 | -€349,533 | -99.9% |
| Financial charges | 65/66B | €62,414 | €564,781 | +€502,367 | +804.9% |
| Recurring financial charges | 65 | €62,414 | €3,667 | -€58,748 | -94.1% |
| Non-recurring financial charges | 66B | - | €561,114 | +€561,114 | |
| Profit (loss) for the period before taxes | 9903 | €420,753 | -€577,961 | -€998,715 | |
| Income taxes | 67/77 | €19,180 | €319 | -€18,861 | -98.3% |
| Profit (loss) for the period | 9904 | €401,573 | -€578,280 | -€979,853 | |
| Profit (loss) for the period to be appropriated | 9905 | €401,573 | -€578,280 | -€979,853 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.