PITA PAN: 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 PAN
Largest movements
- Receivables after one year +€30,580
new in 2023: €30,580
- Cash -€12,903
down €12,903 (-78.0%), from €16,546 to €3,644
mainly Receivables after one year (-€30,580) and Trade debts (-€6,590)
- Receivables within one year -€9,432
down €9,432 (-25.0%), from €37,659 to €28,227
of which Other amounts receivable: -€23,915
- Tangible fixed assets -€8,863
down €8,863 (-23.5%), from €37,688 to €28,825
of which Plant, machinery and equipment: -€6,736
- Deferred charges and accrued income -€1,152
down €1,152 (-81.0%), from €1,421 to €269
- Trade debts -€6,590
down €6,590 (-59.1%), from €11,143 to €4,553
- Tax, wage and social debts +€4,013
up €4,013 (+14.1%), from €28,418 to €32,430
of which Remuneration and social security: +€4,403
- Reserves -€3,842
down €3,842 (-10.3%), from €37,177 to €33,335
of which Distributable reserves: -€1,982
- Debts after one year +€2,779
up €2,779 (+30.9%), from €9,000 to €11,779
- Current portion of long-term debt +€1,796
up €1,796 (+60.9%), from €2,948 to €4,744
- Gross operating margin +€39,671
up €39,671 (+24.6%), from €161,537 to €201,209
- Staff costs +€36,943
up €36,943 (+24.2%), from €152,537 to €189,480
- Financial income -€7,500
down €7,500 (-91.7%), from €8,175 to €675
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,479 | €93,710 | -€1,769 | -1.9% |
| Fixed assets | 21/28 | €39,853 | €30,990 | -€8,863 | -22.2% |
| Tangible fixed assets | 22/27 | €37,688 | €28,825 | -€8,863 | -23.5% |
| Plant, machinery and equipment | 23 | €35,028 | €28,293 | -€6,736 | -19.2% |
| Other tangible fixed assets | 26 | €2,660 | €532 | -€2,128 | -80.0% |
| Financial fixed assets | 28 | €2,165 | €2,165 | = | 0.0% |
| Current assets | 29/58 | €55,626 | €62,720 | +€7,094 | +12.8% |
| Amounts receivable after more than one year | 29 | - | €30,580 | +€30,580 | |
| Other amounts receivable | 291 | - | €30,580 | +€30,580 | |
| Amounts receivable within one year | 40/41 | €37,659 | €28,227 | -€9,432 | -25.0% |
| Trade receivables | 40 | €13,744 | €28,227 | +€14,483 | +105.4% |
| Other amounts receivable | 41 | €23,915 | - | -€23,915 | |
| Cash at bank and in hand | 54/58 | €16,546 | €3,644 | -€12,903 | -78.0% |
| Deferred charges and accrued income | 490/1 | €1,421 | €269 | -€1,152 | -81.0% |
| Total equity and liabilities | 10/49 | €95,479 | €93,710 | -€1,769 | -1.9% |
| Equity | 10/15 | €43,377 | €39,535 | -€3,842 | -8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,177 | €33,335 | -€3,842 | -10.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €35,317 | €33,335 | -€1,982 | -5.6% |
| Amounts payable | 17/49 | €52,103 | €54,175 | +€2,073 | +4.0% |
| Amounts payable after more than one year | 17 | €9,000 | €11,779 | +€2,779 | +30.9% |
| Financial debts | 170/4 | €9,000 | €11,779 | +€2,779 | +30.9% |
| Amounts payable within one year | 42/48 | €42,509 | €41,728 | -€781 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €2,948 | €4,744 | +€1,796 | +60.9% |
| Trade debts | 44 | €11,143 | €4,553 | -€6,590 | -59.1% |
| Suppliers | 440/4 | €11,143 | €4,553 | -€6,590 | -59.1% |
| Taxes, remuneration and social security | 45 | €28,418 | €32,430 | +€4,013 | +14.1% |
| Taxes | 450/3 | €2,243 | €1,853 | -€390 | -17.4% |
| Remuneration and social security | 454/9 | €26,174 | €30,578 | +€4,403 | +16.8% |
| Accrued charges and deferred income | 492/3 | €594 | €668 | +€75 | +12.6% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €152,537 | €189,480 | +€36,943 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,564 | €12,694 | +€130 | +1.0% |
| Other operating charges | 640/8 | €1,030 | €1,293 | +€263 | +25.5% |
| Gross operating margin | 9900 | €161,537 | €201,209 | +€39,671 | +24.6% |
| Operating profit (loss) | 9901 | -€4,593 | -€2,258 | +€2,335 | +50.8% |
| Financial income | 75/76B | €8,175 | €675 | -€7,500 | -91.7% |
| Recurring financial income | 75 | €8,175 | €675 | -€7,500 | -91.7% |
| Financial charges | 65/66B | €879 | €2,259 | +€1,380 | +156.9% |
| Recurring financial charges | 65 | €879 | €2,259 | +€1,380 | +156.9% |
| Profit (loss) for the period before taxes | 9903 | €2,702 | -€3,842 | -€6,544 | |
| Income taxes | 67/77 | €246 | - | -€246 | |
| Profit (loss) for the period | 9904 | €2,457 | -€3,842 | -€6,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,457 | -€3,842 | -€6,299 |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.