PITAR: 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.
PITAR
Largest movements
- Cash -€20,876
down €20,876 (-7.8%), from €266,574 to €245,697
mainly Contributions, distributions and other (-€32,511) and Stocks and contracts (-€2,474)
- Reserves -€21,677
down €21,677 (-4.1%), from €529,680 to €508,003
- Financial income -€9,205
down €9,205 (-97.2%), from €9,468 to €263
- Gross operating margin +€7,869
up €7,869 (+67.5%), from €11,663 to €19,532
- Other operating charges -€224
down €224 (-9.7%), from €2,316 to €2,092
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 | €617,266 | €599,111 | -€18,155 | -2.9% |
| Fixed assets | 21/28 | €8,063 | €7,883 | -€180 | -2.2% |
| Tangible fixed assets | 22/27 | €5,738 | €7,883 | +€2,145 | +37.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €407 | €107 | -€300 | -73.7% |
| Other tangible fixed assets | 26 | €5,331 | €7,776 | +€2,445 | +45.9% |
| Financial fixed assets | 28 | €2,325 | €0 | -€2,325 | -100% |
| Current assets | 29/58 | €609,203 | €591,228 | -€17,975 | -3.0% |
| Amounts receivable after more than one year | 29 | €300,000 | €300,000 | = | 0.0% |
| Other amounts receivable | 291 | €300,000 | €300,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,173 | €34,648 | +€2,474 | +7.7% |
| Stocks | 30/36 | €32,173 | €34,648 | +€2,474 | +7.7% |
| Amounts receivable within one year | 40/41 | €10,290 | €10,450 | +€160 | +1.6% |
| Trade receivables | 40 | €8,530 | €10,450 | +€1,920 | +22.5% |
| Other amounts receivable | 41 | €1,760 | €0 | -€1,760 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €266,574 | €245,697 | -€20,876 | -7.8% |
| Deferred charges and accrued income | 490/1 | €167 | €433 | +€267 | +160% |
| Total equity and liabilities | 10/49 | €617,266 | €599,111 | -€18,155 | -2.9% |
| Equity | 10/15 | €610,723 | €589,046 | -€21,677 | -3.5% |
| Contributions | 10/11 | €81,043 | €81,043 | = | 0.0% |
| Reserves | 13 | €529,680 | €508,003 | -€21,677 | -4.1% |
| Distributable reserves | 133 | €529,680 | €508,003 | -€21,677 | -4.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,542 | €10,065 | +€3,522 | +53.8% |
| Amounts payable within one year | 42/48 | €6,542 | €10,065 | +€3,522 | +53.8% |
| Trade debts | 44 | €2,540 | €2,907 | +€367 | +14.5% |
| Suppliers | 440/4 | €2,540 | €2,907 | +€367 | +14.5% |
| Taxes, remuneration and social security | 45 | €2,456 | €4,468 | +€2,012 | +81.9% |
| Taxes | 450/3 | €2,456 | €4,468 | +€2,012 | +81.9% |
| Other amounts payable | 47/48 | €1,547 | €2,690 | +€1,143 | +73.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €713 | €855 | +€142 | +19.9% |
| Other operating charges | 640/8 | €2,316 | €2,092 | -€224 | -9.7% |
| Gross operating margin | 9900 | €11,663 | €19,532 | +€7,869 | +67.5% |
| Operating profit (loss) | 9901 | €8,634 | €16,585 | +€7,951 | +92.1% |
| Financial income | 75/76B | €9,468 | €263 | -€9,205 | -97.2% |
| Recurring financial income | 75 | €9,468 | €263 | -€9,205 | -97.2% |
| Financial charges | 65/66B | €146 | €83 | -€63 | -43.0% |
| Recurring financial charges | 65 | €146 | €83 | -€63 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €17,956 | €16,765 | -€1,191 | -6.6% |
| Income taxes | 67/77 | €6,062 | €5,931 | -€132 | -2.2% |
| Profit (loss) for the period | 9904 | €11,894 | €10,834 | -€1,059 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,894 | €10,834 | -€1,059 | -8.9% |
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.