PITCHU: 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.
PITCHU
Largest movements
- Receivables within one year -€4,795
down €4,795 (-16.6%), from €28,815 to €24,019
of which Trade receivables: -€12,167
- Tangible fixed assets -€4,365
down €4,365 (-27.9%), from €15,672 to €11,307
of which Leasing and similar rights: -€4,895
- Cash -€2,705
down €2,705 (-77.6%), from €3,484 to €779
mainly Debts after one year (-€8,253) and Current portion of long-term debt (-€3,689)
- Stocks and contracts -€999
down €999 (-11.0%), from €9,119 to €8,120
- Debts after one year -€8,253
down €8,253 (-69.7%), from €11,842 to €3,589
- Current portion of long-term debt -€3,689
down €3,689 (-30.9%), from €11,942 to €8,253
- Tax, wage and social debts -€2,665
down €2,665 (-22.7%), from €11,767 to €9,101
- Trade debts +€1,582
up €1,582 (+4.9%), from €32,137 to €33,719
- Turnover +€18,842
up €18,842 (+7.7%), from €244,826 to €263,668
- Purchases and services +€14,443
up €14,443 (+6.0%), from €240,119 to €254,563
- Gross operating margin +€6,095
up €6,095 (+84.1%), from €7,252 to €13,347
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,007 | €49,822 | -€13,185 | -20.9% |
| Fixed assets | 21/28 | €20,397 | €16,032 | -€4,365 | -21.4% |
| Tangible fixed assets | 22/27 | €15,672 | €11,307 | -€4,365 | -27.9% |
| Plant, machinery and equipment | 23 | €3,021 | €3,565 | +€544 | +18.0% |
| Furniture and vehicles | 24 | €353 | €609 | +€256 | +72.6% |
| Leasing and similar rights | 25 | €10,627 | €5,732 | -€4,895 | -46.1% |
| Other tangible fixed assets | 26 | €1,670 | €1,400 | -€270 | -16.1% |
| Financial fixed assets | 28 | €4,725 | €4,725 | = | 0.0% |
| Current assets | 29/58 | €42,611 | €33,791 | -€8,820 | -20.7% |
| Stocks and contracts in progress | 3 | €9,119 | €8,120 | -€999 | -11.0% |
| Stocks | 30/36 | €9,119 | €8,120 | -€999 | -11.0% |
| Amounts receivable within one year | 40/41 | €28,815 | €24,019 | -€4,795 | -16.6% |
| Trade receivables | 40 | €27,105 | €14,938 | -€12,167 | -44.9% |
| Other amounts receivable | 41 | €1,710 | €9,082 | +€7,372 | +431% |
| Cash at bank and in hand | 54/58 | €3,484 | €779 | -€2,705 | -77.6% |
| Deferred charges and accrued income | 490/1 | €1,193 | €872 | -€321 | -26.9% |
| Total equity and liabilities | 10/49 | €63,007 | €49,822 | -€13,185 | -20.9% |
| Equity | 10/15 | -€8,418 | -€8,968 | -€550 | -6.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,418 | -€20,968 | -€550 | -2.7% |
| Amounts payable | 17/49 | €71,426 | €58,790 | -€12,635 | -17.7% |
| Amounts payable after more than one year | 17 | €11,842 | €3,589 | -€8,253 | -69.7% |
| Financial debts | 170/4 | €11,842 | €3,589 | -€8,253 | -69.7% |
| Amounts payable within one year | 42/48 | €59,583 | €54,865 | -€4,718 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €11,942 | €8,253 | -€3,689 | -30.9% |
| Financial debts | 43 | €3,738 | €3,792 | +€54 | +1.4% |
| Credit institutions | 430/8 | €3,738 | €3,792 | +€54 | +1.4% |
| Trade debts | 44 | €32,137 | €33,719 | +€1,582 | +4.9% |
| Suppliers | 440/4 | €32,137 | €33,719 | +€1,582 | +4.9% |
| Taxes, remuneration and social security | 45 | €11,767 | €9,101 | -€2,665 | -22.7% |
| Taxes | 450/3 | €11,767 | €9,101 | -€2,665 | -22.7% |
| Accrued charges and deferred income | 492/3 | - | €336 | +€336 | |
| Turnover | 70 | €244,826 | €263,668 | +€18,842 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €240,119 | €254,563 | +€14,443 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,193 | €7,555 | +€1,363 | +22.0% |
| Other operating charges | 640/8 | €2,443 | €1,242 | -€1,201 | -49.1% |
| Gross operating margin | 9900 | €7,252 | €13,347 | +€6,095 | +84.1% |
| Operating profit (loss) | 9901 | -€1,384 | €4,549 | +€5,933 | |
| Financial income | 75/76B | €4 | €304 | +€300 | +8,206% |
| Recurring financial income | 75 | €4 | €304 | +€300 | +8,206% |
| Financial charges | 65/66B | €3,121 | €3,874 | +€753 | +24.1% |
| Recurring financial charges | 65 | €3,121 | €3,874 | +€753 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,501 | €979 | +€5,481 | |
| Income taxes | 67/77 | €287 | €1,529 | +€1,242 | +433% |
| Profit (loss) for the period | 9904 | -€4,788 | -€550 | +€4,239 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,788 | -€550 | +€4,239 | +88.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.