PITIUSEN: 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.
PITIUSEN
Largest movements
- Receivables within one year -€43,855
down €43,855 (-3.1%), from €1.4m to €1.4m
of which Other amounts receivable: -€64,018
- Cash -€41,115
down €41,115 (-37.1%), from €110,925 to €69,810
mainly Contributions, distributions and other (-€343,701) and Tax, wage and social debts (-€400)
- Reserves -€88,155
down €88,155 (-6.0%), from €1.5m to €1.4m
- Gross operating margin +€6,537
up €6,537 (+2.2%), from €296,749 to €303,286
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 | €1,541,424 | €1,453,920 | -€87,504 | -5.7% |
| Fixed assets | 21/28 | €12,845 | €10,310 | -€2,535 | -19.7% |
| Tangible fixed assets | 22/27 | €12,845 | €10,310 | -€2,535 | -19.7% |
| Furniture and vehicles | 24 | €12,845 | €10,310 | -€2,535 | -19.7% |
| Current assets | 29/58 | €1,528,579 | €1,443,610 | -€84,969 | -5.6% |
| Amounts receivable within one year | 40/41 | €1,417,654 | €1,373,800 | -€43,855 | -3.1% |
| Trade receivables | 40 | €16,943 | €37,107 | +€20,164 | +119% |
| Other amounts receivable | 41 | €1,400,711 | €1,336,693 | -€64,018 | -4.6% |
| Cash at bank and in hand | 54/58 | €110,925 | €69,810 | -€41,115 | -37.1% |
| Total equity and liabilities | 10/49 | €1,541,424 | €1,453,920 | -€87,504 | -5.7% |
| Equity | 10/15 | €1,485,726 | €1,397,572 | -€88,155 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,467,126 | €1,378,972 | -€88,155 | -6.0% |
| Distributable reserves | 133 | €1,467,126 | €1,378,972 | -€88,155 | -6.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,698 | €56,348 | +€650 | +1.2% |
| Amounts payable within one year | 42/48 | €55,698 | €56,348 | +€650 | +1.2% |
| Trade debts | 44 | €0 | €1,050 | +€1,050 | |
| Suppliers | 440/4 | €0 | €1,050 | +€1,050 | |
| Taxes, remuneration and social security | 45 | €55,698 | €55,298 | -€400 | -0.7% |
| Taxes | 450/3 | €55,698 | €55,298 | -€400 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,411 | €2,535 | +€124 | +5.2% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €296,749 | €303,286 | +€6,537 | +2.2% |
| Operating profit (loss) | 9901 | €294,220 | €300,631 | +€6,411 | +2.2% |
| Financial income | 75/76B | €76,992 | €74,171 | -€2,821 | -3.7% |
| Recurring financial income | 75 | €76,992 | €74,171 | -€2,821 | -3.7% |
| Financial charges | 65/66B | €0 | €0 | +€0 | +6.7% |
| Recurring financial charges | 65 | €0 | €0 | +€0 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €371,212 | €374,802 | +€3,590 | +1.0% |
| Income taxes | 67/77 | €118,049 | €119,255 | +€1,206 | +1.0% |
| Profit (loss) for the period | 9904 | €253,163 | €255,547 | +€2,384 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €253,163 | €255,547 | +€2,384 | +0.9% |
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 15 October 2026 via checked.be.