PITCHtecConcept: 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.
PITCHtecConcept
Largest movements
- Cash -€89,912
down €89,912 (-75.6%), from €118,966 to €29,054
mainly Contributions, distributions and other (-€201,500) and Investment in fixed assets (net) (-€7,827)
- Reserves -€140,235
down €140,235 (-54.0%), from €259,576 to €119,342
- Other debts +€32,935
new in 2025: €32,935
- Trade debts +€13,718
up €13,718 (+195%), from €7,046 to €20,765
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Accrued charges and deferred income -€5,299
no longer reported in 2025 (was €5,299)
- Gross operating margin +€55,012
up €55,012 (+141%), from €39,085 to €94,097
- Taxes +€14,583
up €14,583 (+121%), from €12,078 to €26,661
- Financial income +€1,943
up €1,943 (+59.7%), from €3,255 to €5,198
- Financial charges +€1,212
up €1,212 (+35.5%), from €3,410 to €4,622
- Depreciation -€1,018
down €1,018 (-14.2%), from €7,156 to €6,138
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 | €309,484 | €220,097 | -€89,387 | -28.9% |
| Fixed assets | 21/28 | €27,650 | €29,339 | +€1,689 | +6.1% |
| Intangible fixed assets | 21 | €451 | €91 | -€360 | -79.9% |
| Tangible fixed assets | 22/27 | €27,199 | €29,249 | +€2,049 | +7.5% |
| Plant, machinery and equipment | 23 | €1,593 | €1,034 | -€559 | -35.1% |
| Furniture and vehicles | 24 | €269 | €7,827 | +€7,558 | +2,812% |
| Other tangible fixed assets | 26 | €25,338 | €20,388 | -€4,950 | -19.5% |
| Current assets | 29/58 | €281,834 | €190,757 | -€91,076 | -32.3% |
| Amounts receivable within one year | 40/41 | €58,587 | €60,066 | +€1,479 | +2.5% |
| Trade receivables | 40 | €37,706 | €28,542 | -€9,163 | -24.3% |
| Other amounts receivable | 41 | €20,881 | €31,523 | +€10,642 | +51.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,966 | €29,054 | -€89,912 | -75.6% |
| Deferred charges and accrued income | 490/1 | €4,281 | €1,638 | -€2,643 | -61.7% |
| Total equity and liabilities | 10/49 | €309,484 | €220,097 | -€89,387 | -28.9% |
| Equity | 10/15 | €278,176 | €137,942 | -€140,235 | -50.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €259,576 | €119,342 | -€140,235 | -54.0% |
| Distributable reserves | 133 | €259,576 | €119,342 | -€140,235 | -54.0% |
| Amounts payable | 17/49 | €31,308 | €82,155 | +€50,848 | +162% |
| Amounts payable within one year | 42/48 | €26,009 | €82,155 | +€56,147 | +216% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €7,046 | €20,765 | +€13,718 | +195% |
| Suppliers | 440/4 | €7,046 | €20,765 | +€13,718 | +195% |
| Taxes, remuneration and social security | 45 | €18,962 | €18,455 | -€507 | -2.7% |
| Taxes | 450/3 | €18,962 | €18,455 | -€507 | -2.7% |
| Other amounts payable | 47/48 | - | €32,935 | +€32,935 | |
| Accrued charges and deferred income | 492/3 | €5,299 | - | -€5,299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,156 | €6,138 | -€1,018 | -14.2% |
| Other operating charges | 640/8 | €1,434 | €610 | -€825 | -57.5% |
| Gross operating margin | 9900 | €39,085 | €94,097 | +€55,012 | +141% |
| Operating profit (loss) | 9901 | €30,495 | €87,350 | +€56,855 | +186% |
| Financial income | 75/76B | €3,255 | €5,198 | +€1,943 | +59.7% |
| Recurring financial income | 75 | €3,255 | €5,198 | +€1,943 | +59.7% |
| Financial charges | 65/66B | €3,410 | €4,622 | +€1,212 | +35.5% |
| Recurring financial charges | 65 | €3,410 | €4,622 | +€1,212 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | €30,341 | €87,927 | +€57,586 | +190% |
| Income taxes | 67/77 | €12,078 | €26,661 | +€14,583 | +121% |
| Profit (loss) for the period | 9904 | €18,263 | €61,265 | +€43,002 | +235% |
| Profit (loss) for the period to be appropriated | 9905 | €18,263 | €61,265 | +€43,002 | +235% |
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 27 October 2026 via checked.be.