PITC: 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.
PITC
Largest movements
- Tangible fixed assets +€26,431
up €26,431 (+168.7%), from €15,665 to €42,095
- Receivables within one year +€3,200
up €3,200 (+19.2%), from €16,692 to €19,891
of which Other amounts receivable: +€3,184
- Cash -€2,499
down €2,499 (-3.1%), from €80,077 to €77,578
mainly Investment in fixed assets (net) (-€31,266) and Contributions, distributions and other (-€17,250)
- Reserves +€28,078
up €28,078 (+33.2%), from €84,581 to €112,659
- Other debts +€14,519
up €14,519 (+2579.6%), from €563 to €15,082
- Tax, wage and social debts -€6,547
down €6,547 (-51.8%), from €12,648 to €6,101
- Debts after one year -€6,345
down €6,345 (-79.6%), from €7,976 to €1,631
- Trade debts -€1,921
down €1,921 (-56.1%), from €3,423 to €1,502
- Gross operating margin +€17,358
up €17,358 (+34.6%), from €50,197 to €67,555
- Taxes +€3,134
up €3,134 (+35.6%), from €8,797 to €11,930
- Financial charges -€840
down €840 (-24.5%), from €3,424 to €2,584
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 | €116,759 | €144,820 | +€28,061 | +24.0% |
| Fixed assets | 21/28 | €15,665 | €42,095 | +€26,431 | +168.7% |
| Tangible fixed assets | 22/27 | €15,665 | €42,095 | +€26,431 | +168.7% |
| Furniture and vehicles | 24 | €15,665 | €42,095 | +€26,431 | +168.7% |
| Current assets | 29/58 | €101,094 | €102,725 | +€1,631 | +1.6% |
| Amounts receivable within one year | 40/41 | €16,692 | €19,891 | +€3,200 | +19.2% |
| Trade receivables | 40 | €15,679 | €15,695 | +€16 | +0.1% |
| Other amounts receivable | 41 | €1,012 | €4,196 | +€3,184 | +314.6% |
| Cash at bank and in hand | 54/58 | €80,077 | €77,578 | -€2,499 | -3.1% |
| Deferred charges and accrued income | 490/1 | €4,326 | €5,256 | +€930 | +21.5% |
| Total equity and liabilities | 10/49 | €116,759 | €144,820 | +€28,061 | +24.0% |
| Equity | 10/15 | €86,081 | €114,159 | +€28,078 | +32.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | - | -€1,500 | |
| Other | 1109/19 | €1,500 | - | -€1,500 | |
| Reserves | 13 | €84,581 | €112,659 | +€28,078 | +33.2% |
| Distributable reserves | 133 | €84,581 | €112,659 | +€28,078 | +33.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,678 | €30,661 | -€16 | -0.1% |
| Amounts payable after more than one year | 17 | €7,976 | €1,631 | -€6,345 | -79.6% |
| Financial debts | 170/4 | €7,976 | €1,631 | -€6,345 | -79.6% |
| Amounts payable within one year | 42/48 | €22,702 | €29,030 | +€6,328 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €6,068 | €6,345 | +€277 | +4.6% |
| Trade debts | 44 | €3,423 | €1,502 | -€1,921 | -56.1% |
| Suppliers | 440/4 | €3,423 | €1,502 | -€1,921 | -56.1% |
| Taxes, remuneration and social security | 45 | €12,648 | €6,101 | -€6,547 | -51.8% |
| Taxes | 450/3 | €12,648 | €6,101 | -€6,547 | -51.8% |
| Other amounts payable | 47/48 | €563 | €15,082 | +€14,519 | +2579.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €4,836 | +€651 | +15.6% |
| Other operating charges | 640/8 | €754 | €1,131 | +€377 | +50.0% |
| Non-recurring operating charges | 66A | - | €1,747 | +€1,747 | |
| Gross operating margin | 9900 | €50,197 | €67,555 | +€17,358 | +34.6% |
| Operating profit (loss) | 9901 | €45,258 | €59,842 | +€14,584 | +32.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,424 | €2,584 | -€840 | -24.5% |
| Recurring financial charges | 65 | €3,424 | €2,584 | -€840 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €41,834 | €57,258 | +€15,424 | +36.9% |
| Income taxes | 67/77 | €8,797 | €11,930 | +€3,134 | +35.6% |
| Profit (loss) for the period | 9904 | €33,038 | €45,328 | +€12,290 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,038 | €45,328 | +€12,290 | +37.2% |
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 6 October 2026 via checked.be.