PITA CAIRO: 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.
PITA CAIRO
Largest movements
- Receivables within one year -€20,092
down €20,092 (-38.1%), from €52,708 to €32,616
- Stocks and contracts -€4,250
down €4,250 (-33.4%), from €12,712 to €8,462
- Tangible fixed assets -€3,158
down €3,158 (-11.2%), from €28,131 to €24,972
of which Land and buildings: -€2,991
- Cash -€2,554
down €2,554 (-42.7%), from €5,983 to €3,430
mainly Current portion of long-term debt (-€11,359) and Debts after one year (-€10,187)
- Current portion of long-term debt -€11,359
no longer reported in 2025 (was €11,359)
- Debts after one year -€10,187
down €10,187 (-42.0%), from €24,277 to €14,089
- Accrued charges and deferred income -€9,738
no longer reported in 2025 (was €9,738)
- Profit (loss) carried forward +€7,081
up €7,081 (+212%), from €3,343 to €10,424
- Trade debts -€3,195
down €3,195 (-52.1%), from €6,135 to €2,940
- Staff costs +€20,724
up €20,724 (+91.7%), from €22,599 to €43,323
- Gross operating margin +€14,967
up €14,967 (+36.7%), from €40,729 to €55,697
- Depreciation -€5,545
down €5,545 (-63.7%), from €8,703 to €3,158
- Financial charges -€4,056
down €4,056 (-94.3%), from €4,300 to €244
- Other operating charges -€2,631
down €2,631 (-58.2%), from €4,522 to €1,892
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 | €99,677 | €69,480 | -€30,197 | -30.3% |
| Fixed assets | 21/28 | €28,131 | €24,972 | -€3,158 | -11.2% |
| Tangible fixed assets | 22/27 | €28,131 | €24,972 | -€3,158 | -11.2% |
| Land and buildings | 22 | €27,964 | €24,972 | -€2,991 | -10.7% |
| Plant, machinery and equipment | 23 | €167 | - | -€167 | |
| Current assets | 29/58 | €71,546 | €44,508 | -€27,038 | -37.8% |
| Stocks and contracts in progress | 3 | €12,712 | €8,462 | -€4,250 | -33.4% |
| Stocks | 30/36 | €12,712 | €8,462 | -€4,250 | -33.4% |
| Amounts receivable within one year | 40/41 | €52,708 | €32,616 | -€20,092 | -38.1% |
| Other amounts receivable | 41 | €52,708 | €32,616 | -€20,092 | -38.1% |
| Cash at bank and in hand | 54/58 | €5,983 | €3,430 | -€2,554 | -42.7% |
| Deferred charges and accrued income | 490/1 | €142 | - | -€142 | |
| Total equity and liabilities | 10/49 | €99,677 | €69,480 | -€30,197 | -30.3% |
| Equity | 10/15 | €40,763 | €47,844 | +€7,081 | +17.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €31,215 | €31,215 | = | 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% |
| Distributable reserves | 133 | €29,355 | €29,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,343 | €10,424 | +€7,081 | +212% |
| Amounts payable | 17/49 | €58,914 | €21,636 | -€37,278 | -63.3% |
| Amounts payable after more than one year | 17 | €24,277 | €14,089 | -€10,187 | -42.0% |
| Financial debts | 170/4 | €24,277 | €14,089 | -€10,187 | -42.0% |
| Amounts payable within one year | 42/48 | €24,900 | €7,547 | -€17,353 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €11,359 | - | -€11,359 | |
| Trade debts | 44 | €6,135 | €2,940 | -€3,195 | -52.1% |
| Suppliers | 440/4 | €6,135 | €2,940 | -€3,195 | -52.1% |
| Taxes, remuneration and social security | 45 | €5,835 | €3,036 | -€2,799 | -48.0% |
| Taxes | 450/3 | €140 | €3,036 | +€2,896 | +2,076% |
| Remuneration and social security | 454/9 | €5,695 | - | -€5,695 | |
| Other amounts payable | 47/48 | €1,570 | €1,570 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,738 | - | -€9,738 | |
| Remuneration, social security and pensions | 62 | €22,599 | €43,323 | +€20,724 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,703 | €3,158 | -€5,545 | -63.7% |
| Other operating charges | 640/8 | €4,522 | €1,892 | -€2,631 | -58.2% |
| Gross operating margin | 9900 | €40,729 | €55,697 | +€14,967 | +36.7% |
| Operating profit (loss) | 9901 | €4,905 | €7,324 | +€2,419 | +49.3% |
| Financial income | 75/76B | €16 | €1,771 | +€1,755 | +10,859% |
| Recurring financial income | 75 | €16 | €1,771 | +€1,755 | +10,859% |
| Financial charges | 65/66B | €4,300 | €244 | -€4,056 | -94.3% |
| Recurring financial charges | 65 | €4,300 | €244 | -€4,056 | -94.3% |
| Profit (loss) for the period before taxes | 9903 | €621 | €8,851 | +€8,231 | +1,326% |
| Income taxes | 67/77 | €140 | €1,770 | +€1,630 | +1,169% |
| Profit (loss) for the period | 9904 | €481 | €7,081 | +€6,600 | +1,371% |
| Profit (loss) for the period to be appropriated | 9905 | €481 | €7,081 | +€6,600 | +1,371% |
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 17 October 2026 via checked.be.