PITO: 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.
PITO
Largest movements
- Cash +€106,148
up €106,148 (+15.9%), from €667,137 to €773,285
mainly Net result for the year (+€110,601) and Smaller working-capital items (+€41)
- Profit (loss) carried forward +€110,601
up €110,601 (+16.0%), from €692,006 to €802,608
No income-statement line moved by more than 1% of the activity.
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 | €784,313 | €891,613 | +€107,300 | +13.7% |
| Fixed assets | 21/28 | €114,105 | €114,105 | = | 0.0% |
| Tangible fixed assets | 22/27 | €114,105 | €114,105 | = | 0.0% |
| Land and buildings | 22 | €114,105 | €114,105 | = | 0.0% |
| Current assets | 29/58 | €670,209 | €777,509 | +€107,300 | +16.0% |
| Amounts receivable within one year | 40/41 | - | €1,126 | +€1,126 | |
| Other amounts receivable | 41 | - | €1,126 | +€1,126 | |
| Cash at bank and in hand | 54/58 | €667,137 | €773,285 | +€106,148 | +15.9% |
| Deferred charges and accrued income | 490/1 | €3,072 | €3,098 | +€26 | +0.9% |
| Total equity and liabilities | 10/49 | €784,313 | €891,613 | +€107,300 | +13.7% |
| Equity | 10/15 | €760,206 | €870,808 | +€110,601 | +14.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €692,006 | €802,608 | +€110,601 | +16.0% |
| Provisions and deferred taxes | 16 | €20,500 | €20,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,500 | €20,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,500 | €20,500 | = | 0.0% |
| Amounts payable | 17/49 | €3,607 | €306 | -€3,301 | -91.5% |
| Amounts payable within one year | 42/48 | €3,607 | €306 | -€3,301 | -91.5% |
| Trade debts | 44 | €521 | €239 | -€282 | -54.2% |
| Suppliers | 440/4 | €521 | €239 | -€282 | -54.2% |
| Taxes, remuneration and social security | 45 | €3,086 | - | -€3,086 | |
| Taxes | 450/3 | €3,086 | - | -€3,086 | |
| Other amounts payable | 47/48 | - | €67 | +€67 | |
| Non-recurring operating income | 76A | €72 | - | -€72 | |
| Other operating charges | 640/8 | €15,354 | €15,836 | +€482 | +3.1% |
| Gross operating margin | 9900 | €162,870 | €163,356 | +€487 | +0.3% |
| Operating profit (loss) | 9901 | €147,516 | €147,520 | +€5 | 0.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €147,472 | €147,475 | +€3 | 0.0% |
| Income taxes | 67/77 | €38,086 | €36,874 | -€1,212 | -3.2% |
| Profit (loss) for the period | 9904 | €109,386 | €110,601 | +€1,215 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,386 | €110,601 | +€1,215 | +1.1% |
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.