PITOMA: 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.
PITOMA
Largest movements
- Tangible fixed assets -€464,880
down €464,880 (-12.1%), from €3.8m to €3.4m
of which Other tangible fixed assets: -€273,809
- Current investments +€251,538
up €251,538 (+9.1%), from €2.8m to €3.0m
- Cash +€231,128
up €231,128 (+73.3%), from €315,109 to €546,237
mainly Investment in fixed assets (net) (+€281,697) and Net result for the year (+€204,234)
- Receivables within one year +€160,087
up €160,087 (+125%), from €127,940 to €288,027
of which Other amounts receivable: +€105,460
- Reserves +€1.1m
up €1.1m (+19.4%), from €5.6m to €6.6m
- Profit (loss) carried forward -€873,187
no longer reported in 2025 (was €873,187)
- Other operating charges +€431,441
up €431,441 (+1,007%), from €42,836 to €474,277
- Gross operating margin -€382,871
down €382,871 (-18.3%), from €2.1m to €1.7m
- Taxes -€226,526
down €226,526 (-73.7%), from €307,252 to €80,726
- Staff costs +€80,254
up €80,254 (+11.1%), from €725,540 to €805,794
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 | €7,091,481 | €7,255,085 | +€163,604 | +2.3% |
| Fixed assets | 21/28 | €3,848,713 | €3,383,833 | -€464,880 | -12.1% |
| Tangible fixed assets | 22/27 | €3,848,173 | €3,383,292 | -€464,880 | -12.1% |
| Land and buildings | 22 | €511,024 | €379,048 | -€131,976 | -25.8% |
| Furniture and vehicles | 24 | €192,930 | €133,835 | -€59,096 | -30.6% |
| Other tangible fixed assets | 26 | €3,144,219 | €2,870,410 | -€273,809 | -8.7% |
| Financial fixed assets | 28 | €541 | €541 | = | 0.0% |
| Current assets | 29/58 | €3,242,768 | €3,871,252 | +€628,484 | +19.4% |
| Stocks and contracts in progress | 3 | €20,970 | €18,605 | -€2,365 | -11.3% |
| Stocks | 30/36 | €20,970 | €18,605 | -€2,365 | -11.3% |
| Amounts receivable within one year | 40/41 | €127,940 | €288,027 | +€160,087 | +125% |
| Trade receivables | 40 | €123,191 | €177,817 | +€54,627 | +44.3% |
| Other amounts receivable | 41 | €4,749 | €110,209 | +€105,460 | +2,221% |
| Current investments | 50/53 | €2,750,000 | €3,001,538 | +€251,538 | +9.1% |
| Cash at bank and in hand | 54/58 | €315,109 | €546,237 | +€231,128 | +73.3% |
| Deferred charges and accrued income | 490/1 | €28,749 | €16,845 | -€11,905 | -41.4% |
| Total equity and liabilities | 10/49 | €7,091,481 | €7,255,085 | +€163,604 | +2.3% |
| Equity | 10/15 | €6,484,230 | €6,688,465 | +€204,234 | +3.1% |
| Contributions | 10/11 | €50,003 | €50,003 | = | 0.0% |
| Contributions outside capital | 11 | €50,003 | €50,003 | = | 0.0% |
| Other | 1109/19 | €50,003 | €50,003 | = | 0.0% |
| Reserves | 13 | €5,561,041 | €6,638,462 | +€1.1m | +19.4% |
| Distributable reserves | 133 | €5,561,041 | €6,638,462 | +€1.1m | +19.4% |
| Profit (loss) carried forward | 14 | €873,187 | - | -€873,187 | |
| Provisions and deferred taxes | 16 | €45,000 | €45,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €45,000 | €45,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable | 17/49 | €562,251 | €521,620 | -€40,631 | -7.2% |
| Amounts payable within one year | 42/48 | €548,673 | €509,456 | -€39,218 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €73,333 | €33,333 | -€40,000 | -54.5% |
| Trade debts | 44 | €371,963 | €380,197 | +€8,234 | +2.2% |
| Suppliers | 440/4 | €371,963 | €380,197 | +€8,234 | +2.2% |
| Taxes, remuneration and social security | 45 | €102,602 | €95,151 | -€7,451 | -7.3% |
| Taxes | 450/3 | €39,605 | €32,701 | -€6,903 | -17.4% |
| Remuneration and social security | 454/9 | €62,998 | €62,450 | -€548 | -0.9% |
| Other amounts payable | 47/48 | €775 | €775 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €13,577 | €12,164 | -€1,413 | -10.4% |
| Non-recurring operating income | 76A | €3,264 | - | -€3,264 | |
| Remuneration, social security and pensions | 62 | €725,540 | €805,794 | +€80,254 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,506 | €183,183 | -€18,323 | -9.1% |
| Other operating charges | 640/8 | €42,836 | €474,277 | +€431,441 | +1,007% |
| Non-recurring operating charges | 66A | €211 | €21,129 | +€20,918 | +9,911% |
| Gross operating margin | 9900 | €2,094,298 | €1,711,427 | -€382,871 | -18.3% |
| Operating profit (loss) | 9901 | €1,124,204 | €227,043 | -€897,161 | -79.8% |
| Financial income | 75/76B | €60,104 | €60,189 | +€85 | +0.1% |
| Recurring financial income | 75 | €60,104 | €60,189 | +€85 | +0.1% |
| Financial charges | 65/66B | €3,869 | €2,271 | -€1,597 | -41.3% |
| Recurring financial charges | 65 | €3,869 | €2,271 | -€1,597 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €1,180,439 | €284,961 | -€895,479 | -75.9% |
| Income taxes | 67/77 | €307,252 | €80,726 | -€226,526 | -73.7% |
| Profit (loss) for the period | 9904 | €873,187 | €204,234 | -€668,953 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €873,187 | €204,234 | -€668,953 | -76.6% |
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 16 October 2026 via checked.be.