PITEC: 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.
PITEC
Largest movements
- Receivables within one year +€36,388
up €36,388 (+9.2%), from €396,961 to €433,349
of which Other amounts receivable: +€40,178
- Cash +€33,890
up €33,890 (+83.8%), from €40,437 to €74,327
mainly Other debts (+€157,895) and Net result for the year (+€47,138)
- Tangible fixed assets -€16,505
down €16,505 (-14.2%), from €116,571 to €100,066
of which Land and buildings: -€10,522
- Other debts +€157,895
new in 2025: €157,895
- Reserves -€110,757
down €110,757 (-9.2%), from €1.2m to €1.1m
- Financial income -€6,143
down €6,143 (-30.0%), from €20,451 to €14,308
- Gross operating margin -€6,132
down €6,132 (-6.9%), from €88,575 to €82,444
- Write-downs +€5,000
new in 2025: €5,000
- Taxes -€4,320
down €4,320 (-17.3%), from €25,002 to €20,682
- Depreciation +€2,721
up €2,721 (+14.0%), from €19,481 to €22,202
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 | €1,289,262 | €1,346,744 | +€57,481 | +4.5% |
| Fixed assets | 21/28 | €117,571 | €101,066 | -€16,505 | -14.0% |
| Tangible fixed assets | 22/27 | €116,571 | €100,066 | -€16,505 | -14.2% |
| Land and buildings | 22 | €87,385 | €76,863 | -€10,522 | -12.0% |
| Furniture and vehicles | 24 | €29,186 | €23,203 | -€5,983 | -20.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,171,692 | €1,245,678 | +€73,986 | +6.3% |
| Amounts receivable after more than one year | 29 | €104,307 | €104,307 | = | 0.0% |
| Other amounts receivable | 291 | €104,307 | €104,307 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €396,961 | €433,349 | +€36,388 | +9.2% |
| Trade receivables | 40 | €4,840 | €1,050 | -€3,790 | -78.3% |
| Other amounts receivable | 41 | €392,121 | €432,299 | +€40,178 | +10.2% |
| Current investments | 50/53 | €566,401 | €567,998 | +€1,596 | +0.3% |
| Cash at bank and in hand | 54/58 | €40,437 | €74,327 | +€33,890 | +83.8% |
| Deferred charges and accrued income | 490/1 | €63,586 | €65,697 | +€2,112 | +3.3% |
| Total equity and liabilities | 10/49 | €1,289,262 | €1,346,744 | +€57,481 | +4.5% |
| Equity | 10/15 | €1,222,701 | €1,111,944 | -€110,757 | -9.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,204,151 | €1,093,394 | -€110,757 | -9.2% |
| Distributable reserves | 133 | €1,204,151 | €1,093,394 | -€110,757 | -9.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,562 | €234,799 | +€168,238 | +252.8% |
| Amounts payable within one year | 42/48 | €66,562 | €234,799 | +€168,238 | +252.8% |
| Trade debts | 44 | €59,048 | €62,246 | +€3,198 | +5.4% |
| Suppliers | 440/4 | €59,048 | €62,246 | +€3,198 | +5.4% |
| Taxes, remuneration and social security | 45 | €7,514 | €14,659 | +€7,145 | +95.1% |
| Taxes | 450/3 | €7,514 | €14,659 | +€7,145 | +95.1% |
| Other amounts payable | 47/48 | - | €157,895 | +€157,895 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,481 | €22,202 | +€2,721 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €2,873 | €1,436 | -€1,438 | -50.0% |
| Gross operating margin | 9900 | €88,575 | €82,444 | -€6,132 | -6.9% |
| Operating profit (loss) | 9901 | €66,221 | €53,806 | -€12,414 | -18.7% |
| Financial income | 75/76B | €20,451 | €14,308 | -€6,143 | -30.0% |
| Recurring financial income | 75 | €20,451 | €14,308 | -€6,143 | -30.0% |
| Financial charges | 65/66B | €394 | €295 | -€100 | -25.3% |
| Recurring financial charges | 65 | €394 | €295 | -€100 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €86,278 | €67,820 | -€18,458 | -21.4% |
| Income taxes | 67/77 | €25,002 | €20,682 | -€4,320 | -17.3% |
| Profit (loss) for the period | 9904 | €61,276 | €47,138 | -€14,137 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,276 | €47,138 | -€14,137 | -23.1% |
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 8 October 2026 via checked.be.