PITCHDRIVE: 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.
PITCHDRIVE
Largest movements
- Financial fixed assets +€317,500
up €317,500 (+258%), from €123,296 to €440,796
- Cash -€220,915
down €220,915 (-71.8%), from €307,476 to €86,562
mainly Investment in fixed assets (net) (-€324,617) and Contributions, distributions and other (-€189,997)
- Receivables within one year -€71,965
down €71,965 (-39.0%), from €184,361 to €112,396
of which Trade receivables: -€72,752
- Deferred charges and accrued income +€23,728
up €23,728 (+297%), from €7,997 to €31,725
- Profit (loss) carried forward +€262,151
up €262,151 (+21.4%), from -€1.2m to -€964,878
- Contributions -€189,997
down €189,997 (-11.9%), from €1.6m to €1.4m
of which Capital: -€189,997
- Trade debts +€40,659
up €40,659 (+82.3%), from €49,380 to €90,039
- Debts after one year -€36,938
down €36,938 (-33.9%), from €108,823 to €71,886
- Tax, wage and social debts -€24,299
down €24,299 (-48.9%), from €49,666 to €25,367
of which Taxes: -€25,377
- Gross operating margin -€64,800
down €64,800 (-37.5%), from €172,941 to €108,141
- Staff costs -€64,184
down €64,184 (-35.1%), from €183,046 to €118,862
- Financial income -€47,289
down €47,289 (-14.2%), from €332,403 to €285,113
of which Financial income: -€328,898
- Other operating charges -€37,566
down €37,566 (-92.4%), from €40,678 to €3,112
- Taxes -€3,553
down €3,553 (-95.6%), from €3,718 to €165
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 | €632,618 | €685,973 | +€53,355 | +8.4% |
| Fixed assets | 21/28 | €132,784 | €455,289 | +€322,506 | +243% |
| Intangible fixed assets | 21 | €1,203 | €1,055 | -€148 | -12.3% |
| Tangible fixed assets | 22/27 | €8,285 | €13,438 | +€5,154 | +62.2% |
| Plant, machinery and equipment | 23 | €0 | €2,699 | +€2,699 | |
| Furniture and vehicles | 24 | €4,792 | €4,042 | -€751 | -15.7% |
| Other tangible fixed assets | 26 | €3,492 | €6,698 | +€3,206 | +91.8% |
| Financial fixed assets | 28 | €123,296 | €440,796 | +€317,500 | +258% |
| Current assets | 29/58 | €499,834 | €230,683 | -€269,151 | -53.8% |
| Amounts receivable within one year | 40/41 | €184,361 | €112,396 | -€71,965 | -39.0% |
| Trade receivables | 40 | €174,425 | €101,673 | -€72,752 | -41.7% |
| Other amounts receivable | 41 | €9,936 | €10,723 | +€787 | +7.9% |
| Cash at bank and in hand | 54/58 | €307,476 | €86,562 | -€220,915 | -71.8% |
| Deferred charges and accrued income | 490/1 | €7,997 | €31,725 | +€23,728 | +297% |
| Total equity and liabilities | 10/49 | €632,618 | €685,973 | +€53,355 | +8.4% |
| Equity | 10/15 | €374,368 | €446,522 | +€72,155 | +19.3% |
| Contributions | 10/11 | €1,601,397 | €1,411,400 | -€189,997 | -11.9% |
| Capital | 10 | €1,447,929 | €1,257,932 | -€189,997 | -13.1% |
| Issued capital | 100 | €1,858,778 | €1,663,918 | -€194,860 | -10.5% |
| Uncalled capital | 101 | €410,849 | €405,986 | -€4,863 | -1.2% |
| Contributions outside capital | 11 | €153,468 | €153,468 | = | 0.0% |
| Share premium | 1100/10 | €153,468 | €153,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,227,029 | -€964,878 | +€262,151 | +21.4% |
| Amounts payable | 17/49 | €258,250 | €239,450 | -€18,800 | -7.3% |
| Amounts payable after more than one year | 17 | €108,823 | €71,886 | -€36,938 | -33.9% |
| Financial debts | 170/4 | €108,823 | €71,886 | -€36,938 | -33.9% |
| Amounts payable within one year | 42/48 | €147,474 | €167,565 | +€20,091 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €35,417 | €36,938 | +€1,520 | +4.3% |
| Financial debts | 43 | - | €15,221 | +€15,221 | |
| Credit institutions | 430/8 | - | €62 | +€62 | |
| Other loans | 439 | - | €15,159 | +€15,159 | |
| Trade debts | 44 | €49,380 | €90,039 | +€40,659 | +82.3% |
| Suppliers | 440/4 | €49,380 | €90,039 | +€40,659 | +82.3% |
| Taxes, remuneration and social security | 45 | €49,666 | €25,367 | -€24,299 | -48.9% |
| Taxes | 450/3 | €36,822 | €11,444 | -€25,377 | -68.9% |
| Remuneration and social security | 454/9 | €12,844 | €13,923 | +€1,079 | +8.4% |
| Other amounts payable | 47/48 | €13,011 | €0 | -€13,011 | -100% |
| Accrued charges and deferred income | 492/3 | €1,954 | €0 | -€1,954 | -100% |
| Remuneration, social security and pensions | 62 | €183,046 | €118,862 | -€64,184 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €2,111 | -€321 | -13.2% |
| Other operating charges | 640/8 | €40,678 | €3,112 | -€37,566 | -92.4% |
| Gross operating margin | 9900 | €172,941 | €108,141 | -€64,800 | -37.5% |
| Operating profit (loss) | 9901 | -€53,215 | -€15,944 | +€37,271 | +70.0% |
| Financial income | 75/76B | €332,403 | €285,113 | -€47,289 | -14.2% |
| Recurring financial income | 75 | €332,403 | €3,505 | -€328,898 | -98.9% |
| Non-recurring financial income | 76B | - | €281,608 | +€281,608 | |
| Financial charges | 65/66B | €7,362 | €6,853 | -€509 | -6.9% |
| Recurring financial charges | 65 | €7,362 | €6,853 | -€509 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €271,826 | €262,316 | -€9,510 | -3.5% |
| Income taxes | 67/77 | €3,718 | €165 | -€3,553 | -95.6% |
| Profit (loss) for the period | 9904 | €268,108 | €262,151 | -€5,957 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €268,108 | €262,151 | -€5,957 | -2.2% |
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 22 October 2026 via checked.be.