PITICO: 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.
PITICO
Largest movements
- Cash +€50,561
up €50,561 (+203.7%), from €24,815 to €75,376
mainly Net result for the year (+€61,761) and Other debts (+€54,909)
- Receivables within one year -€5,249
down €5,249 (-8.2%), from €64,250 to €59,000
- Other debts +€54,909
up €54,909 (+383.7%), from €14,311 to €69,221
- Tax, wage and social debts -€9,489
down €9,489 (-20.6%), from €46,158 to €36,669
of which Remuneration and social security: -€9,834
- Trade debts -€1,910
down €1,910 (-45.8%), from €4,174 to €2,263
- Gross operating margin +€38,712
up €38,712 (+92.4%), from €41,877 to €80,589
- Taxes +€5,487
up €5,487 (+47.6%), from €11,524 to €17,011
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 | €93,994 | €137,504 | +€43,510 | +46.3% |
| Fixed assets | 21/28 | €2,190 | €1,484 | -€706 | -32.2% |
| Tangible fixed assets | 22/27 | €2,190 | €1,484 | -€706 | -32.2% |
| Furniture and vehicles | 24 | €1,313 | €715 | -€598 | -45.5% |
| Other tangible fixed assets | 26 | €877 | €769 | -€108 | -12.3% |
| Current assets | 29/58 | €91,804 | €136,020 | +€44,216 | +48.2% |
| Amounts receivable within one year | 40/41 | €64,250 | €59,000 | -€5,249 | -8.2% |
| Trade receivables | 40 | €64,250 | €59,000 | -€5,249 | -8.2% |
| Cash at bank and in hand | 54/58 | €24,815 | €75,376 | +€50,561 | +203.7% |
| Deferred charges and accrued income | 490/1 | €2,740 | €1,644 | -€1,096 | -40.0% |
| Total equity and liabilities | 10/49 | €93,994 | €137,504 | +€43,510 | +46.3% |
| Equity | 10/15 | €29,351 | €29,351 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,351 | €26,351 | = | 0.0% |
| Distributable reserves | 133 | €26,351 | €26,351 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €64,643 | €108,153 | +€43,510 | +67.3% |
| Amounts payable within one year | 42/48 | €64,643 | €108,153 | +€43,510 | +67.3% |
| Trade debts | 44 | €4,174 | €2,263 | -€1,910 | -45.8% |
| Suppliers | 440/4 | €4,174 | €2,263 | -€1,910 | -45.8% |
| Taxes, remuneration and social security | 45 | €46,158 | €36,669 | -€9,489 | -20.6% |
| Taxes | 450/3 | €32,199 | €32,544 | +€345 | +1.1% |
| Remuneration and social security | 454/9 | €13,959 | €4,125 | -€9,834 | -70.4% |
| Other amounts payable | 47/48 | €14,311 | €69,221 | +€54,909 | +383.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €807 | €706 | -€101 | -12.6% |
| Gross operating margin | 9900 | €41,877 | €80,589 | +€38,712 | +92.4% |
| Operating profit (loss) | 9901 | €41,070 | €79,883 | +€38,814 | +94.5% |
| Financial income | 75/76B | - | €155 | +€155 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Financial charges | 65/66B | €1,445 | €1,267 | -€178 | -12.3% |
| Recurring financial charges | 65 | €1,445 | €1,267 | -€178 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €39,625 | €78,772 | +€39,147 | +98.8% |
| Income taxes | 67/77 | €11,524 | €17,011 | +€5,487 | +47.6% |
| Profit (loss) for the period | 9904 | €28,101 | €61,761 | +€33,659 | +119.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,101 | €61,761 | +€33,659 | +119.8% |
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 6 October 2026 via checked.be.