PITCH-IT: 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.
PITCH-IT
Largest movements
- Cash -€42,961
down €42,961 (-49.9%), from €86,086 to €43,125
mainly Investment in fixed assets (net) (-€48,515) and Receivables within one year (-€36,752)
- Receivables within one year +€36,752
up €36,752 (+122%), from €30,120 to €66,872
of which Trade receivables: +€23,202
- Tangible fixed assets +€32,092
up €32,092 (+14.8%), from €216,334 to €248,426
of which Land and buildings: +€33,734
- Reserves +€25,137
up €25,137 (+11.5%), from €218,890 to €244,027
- Debts after one year -€7,340
down €7,340 (-5.6%), from €131,220 to €123,880
- Tax, wage and social debts +€6,965
up €6,965 (+71.1%), from €9,792 to €16,757
- Other operating charges -€18,395
down €18,395 (-72.6%), from €25,338 to €6,943
- Depreciation +€9,733
up €9,733 (+145%), from €6,690 to €16,423
- Gross operating margin +€3,579
up €3,579 (+5.1%), from €69,911 to €73,490
- Financial charges +€2,557
up €2,557 (+70.0%), from €3,653 to €6,210
- Financial income -€756
down €756 (-94.5%), from €800 to €44
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 | €388,508 | €414,342 | +€25,834 | +6.6% |
| Fixed assets | 21/28 | €218,334 | €250,426 | +€32,092 | +14.7% |
| Tangible fixed assets | 22/27 | €216,334 | €248,426 | +€32,092 | +14.8% |
| Land and buildings | 22 | €203,072 | €236,806 | +€33,734 | +16.6% |
| Furniture and vehicles | 24 | €10,346 | €9,004 | -€1,342 | -13.0% |
| Other tangible fixed assets | 26 | €2,916 | €2,616 | -€300 | -10.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €170,174 | €163,916 | -€6,258 | -3.7% |
| Amounts receivable after more than one year | 29 | €52,000 | €52,000 | = | 0.0% |
| Other amounts receivable | 291 | €52,000 | €52,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,120 | €66,872 | +€36,752 | +122% |
| Trade receivables | 40 | €14,339 | €37,541 | +€23,202 | +162% |
| Other amounts receivable | 41 | €15,781 | €29,331 | +€13,550 | +85.9% |
| Cash at bank and in hand | 54/58 | €86,086 | €43,125 | -€42,961 | -49.9% |
| Deferred charges and accrued income | 490/1 | €1,968 | €1,919 | -€49 | -2.5% |
| Total equity and liabilities | 10/49 | €388,508 | €414,342 | +€25,834 | +6.6% |
| Equity | 10/15 | €228,890 | €254,027 | +€25,137 | +11.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €218,890 | €244,027 | +€25,137 | +11.5% |
| Non-distributable reserves | 130/1 | €218,890 | €244,027 | +€25,137 | +11.5% |
| Other | 1319 | €218,890 | €244,027 | +€25,137 | +11.5% |
| Amounts payable | 17/49 | €159,618 | €160,315 | +€697 | +0.4% |
| Amounts payable after more than one year | 17 | €131,220 | €123,880 | -€7,340 | -5.6% |
| Financial debts | 170/4 | €131,220 | €123,880 | -€7,340 | -5.6% |
| Amounts payable within one year | 42/48 | €28,398 | €36,435 | +€8,037 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €15,391 | €15,674 | +€283 | +1.8% |
| Trade debts | 44 | €1,888 | €2,985 | +€1,097 | +58.1% |
| Suppliers | 440/4 | €1,888 | €2,985 | +€1,097 | +58.1% |
| Taxes, remuneration and social security | 45 | €9,792 | €16,757 | +€6,965 | +71.1% |
| Taxes | 450/3 | €9,792 | €16,757 | +€6,965 | +71.1% |
| Other amounts payable | 47/48 | €1,327 | €1,019 | -€308 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,690 | €16,423 | +€9,733 | +145% |
| Other operating charges | 640/8 | €25,338 | €6,943 | -€18,395 | -72.6% |
| Non-recurring operating charges | 66A | - | €8,113 | +€8,113 | |
| Gross operating margin | 9900 | €69,911 | €73,490 | +€3,579 | +5.1% |
| Operating profit (loss) | 9901 | €37,883 | €42,011 | +€4,128 | +10.9% |
| Financial income | 75/76B | €800 | €44 | -€756 | -94.5% |
| Recurring financial income | 75 | €800 | €44 | -€756 | -94.5% |
| Financial charges | 65/66B | €3,653 | €6,210 | +€2,557 | +70.0% |
| Recurring financial charges | 65 | €3,653 | €6,210 | +€2,557 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €35,030 | €35,845 | +€815 | +2.3% |
| Income taxes | 67/77 | €10,138 | €10,708 | +€570 | +5.6% |
| Profit (loss) for the period | 9904 | €24,892 | €25,137 | +€245 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,892 | €25,137 | +€245 | +1.0% |
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 25 October 2026 via checked.be.