PITLANE CLASSIC: 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.
PITLANE CLASSIC
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+187%), from €605,034 to €1.7m
of which Land and buildings: +€1.1m
- Cash +€39,451
up €39,451 (+2,129%), from €1,853 to €41,305
mainly Debts after one year (+€908,090) and Trade debts (+€252,924)
- Debts after one year +€908,090
up €908,090 (+167%), from €542,452 to €1.5m
- Trade debts +€252,924
up €252,924 (+96,389%), from €262 to €253,187
- Gross operating margin -€44,395
down €44,395 (-29.8%), from €148,773 to €104,378
- Depreciation +€30,681
up €30,681 (+87.1%), from €35,226 to €65,908
- Taxes -€22,829
down €22,829 (-100%), from €22,829 to €0
- Financial charges +€10,721
up €10,721 (+54.7%), from €19,610 to €30,332
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 | €841,774 | €2,010,354 | +€1.2m | +139% |
| Fixed assets | 21/28 | €640,442 | €1,769,002 | +€1.1m | +176% |
| Intangible fixed assets | 21 | €35,408 | €33,819 | -€1,589 | -4.5% |
| Tangible fixed assets | 22/27 | €605,034 | €1,735,183 | +€1.1m | +187% |
| Land and buildings | 22 | €604,767 | €1,671,741 | +€1.1m | +176% |
| Plant, machinery and equipment | 23 | €267 | €57,966 | +€57,699 | +21,610% |
| Furniture and vehicles | 24 | - | €5,476 | +€5,476 | |
| Current assets | 29/58 | €201,332 | €241,352 | +€40,020 | +19.9% |
| Amounts receivable after more than one year | 29 | €145,005 | €151,576 | +€6,571 | +4.5% |
| Other amounts receivable | 291 | €145,005 | €151,576 | +€6,571 | +4.5% |
| Stocks and contracts in progress | 3 | €48,471 | €48,471 | = | 0.0% |
| Stocks | 30/36 | €48,471 | €48,471 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,003 | €0 | -€6,003 | -100% |
| Trade receivables | 40 | €6,003 | €0 | -€6,003 | -100% |
| Cash at bank and in hand | 54/58 | €1,853 | €41,305 | +€39,451 | +2,129% |
| Total equity and liabilities | 10/49 | €841,774 | €2,010,354 | +€1.2m | +139% |
| Equity | 10/15 | €83,135 | €80,771 | -€2,364 | -2.8% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €62,675 | €60,311 | -€2,364 | -3.8% |
| Amounts payable | 17/49 | €758,639 | €1,929,583 | +€1.2m | +154% |
| Amounts payable after more than one year | 17 | €542,452 | €1,450,541 | +€908,090 | +167% |
| Financial debts | 170/4 | €542,452 | €1,450,541 | +€908,090 | +167% |
| Amounts payable within one year | 42/48 | €216,187 | €472,306 | +€256,118 | +118% |
| Current portion of amounts payable after more than one year | 42 | €37,318 | €38,275 | +€957 | +2.6% |
| Trade debts | 44 | €262 | €253,187 | +€252,924 | +96,389% |
| Suppliers | 440/4 | €262 | €253,187 | +€252,924 | +96,389% |
| Taxes, remuneration and social security | 45 | €24,045 | €22,829 | -€1,216 | -5.1% |
| Taxes | 450/3 | €24,045 | €22,829 | -€1,216 | -5.1% |
| Other amounts payable | 47/48 | €154,562 | €158,015 | +€3,453 | +2.2% |
| Accrued charges and deferred income | 492/3 | - | €6,736 | +€6,736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,226 | €65,908 | +€30,681 | +87.1% |
| Other operating charges | 640/8 | €10,160 | €10,502 | +€342 | +3.4% |
| Gross operating margin | 9900 | €148,773 | €104,378 | -€44,395 | -29.8% |
| Operating profit (loss) | 9901 | €103,387 | €27,968 | -€75,419 | -72.9% |
| Financial charges | 65/66B | €19,610 | €30,332 | +€10,721 | +54.7% |
| Recurring financial charges | 65 | €19,610 | €30,332 | +€10,721 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €83,777 | -€2,364 | -€86,140 | |
| Income taxes | 67/77 | €22,829 | €0 | -€22,829 | -100% |
| Profit (loss) for the period | 9904 | €60,947 | -€2,364 | -€63,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,947 | -€2,364 | -€63,311 |
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.