PITR: 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.
PITR
Largest movements
- Cash +€26,536
up €26,536 (+16.9%), from €156,782 to €183,318
mainly Other debts (+€130,175) and Net result for the year (+€66,473)
- Other debts +€130,175
up €130,175 (+120.1%), from €108,379 to €238,554
- Reserves -€109,699
down €109,699 (-100.0%), from €109,729 to €30
- Tax, wage and social debts +€4,649
up €4,649 (+57.9%), from €8,036 to €12,685
- Gross operating margin +€12,836
up €12,836 (+17.2%), from €74,843 to €87,678
- Taxes +€2,664
up €2,664 (+17.8%), from €15,000 to €17,664
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 | €250,947 | €276,048 | +€25,101 | +10.0% |
| Fixed assets | 21/28 | €3,269 | €1,116 | -€2,153 | -65.9% |
| Tangible fixed assets | 22/27 | €3,269 | €1,116 | -€2,153 | -65.9% |
| Furniture and vehicles | 24 | €2,876 | €781 | -€2,095 | -72.8% |
| Other tangible fixed assets | 26 | €393 | €335 | -€58 | -14.7% |
| Current assets | 29/58 | €247,678 | €274,932 | +€27,254 | +11.0% |
| Amounts receivable within one year | 40/41 | €17,252 | €18,211 | +€958 | +5.6% |
| Trade receivables | 40 | €16,034 | €18,211 | +€2,177 | +13.6% |
| Other amounts receivable | 41 | €1,219 | €0 | -€1,219 | -100.0% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,782 | €183,318 | +€26,536 | +16.9% |
| Deferred charges and accrued income | 490/1 | €3,644 | €3,403 | -€241 | -6.6% |
| Total equity and liabilities | 10/49 | €250,947 | €276,048 | +€25,101 | +10.0% |
| Equity | 10/15 | €128,329 | €18,630 | -€109,699 | -85.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,729 | €30 | -€109,699 | -100.0% |
| Distributable reserves | 133 | €109,729 | €30 | -€109,699 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €122,618 | €257,418 | +€134,800 | +109.9% |
| Amounts payable within one year | 42/48 | €117,661 | €252,751 | +€135,090 | +114.8% |
| Financial debts | 43 | €511 | €273 | -€238 | -46.6% |
| Credit institutions | 430/8 | €511 | €273 | -€238 | -46.6% |
| Trade debts | 44 | €735 | €1,240 | +€504 | +68.6% |
| Suppliers | 440/4 | €735 | €1,240 | +€504 | +68.6% |
| Taxes, remuneration and social security | 45 | €8,036 | €12,685 | +€4,649 | +57.9% |
| Taxes | 450/3 | €8,036 | €12,685 | +€4,649 | +57.9% |
| Other amounts payable | 47/48 | €108,379 | €238,554 | +€130,175 | +120.1% |
| Accrued charges and deferred income | 492/3 | €4,957 | €4,666 | -€291 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,350 | €2,153 | -€197 | -8.4% |
| Other operating charges | 640/8 | €1,348 | €1,846 | +€498 | +36.9% |
| Gross operating margin | 9900 | €74,843 | €87,678 | +€12,836 | +17.2% |
| Operating profit (loss) | 9901 | €71,145 | €83,680 | +€12,535 | +17.6% |
| Financial income | 75/76B | €5,259 | €4,619 | -€640 | -12.2% |
| Recurring financial income | 75 | €5,259 | €4,619 | -€640 | -12.2% |
| Financial charges | 65/66B | €4,914 | €4,163 | -€752 | -15.3% |
| Recurring financial charges | 65 | €4,914 | €4,163 | -€752 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €71,490 | €84,136 | +€12,647 | +17.7% |
| Income taxes | 67/77 | €15,000 | €17,664 | +€2,664 | +17.8% |
| Profit (loss) for the period | 9904 | €56,489 | €66,473 | +€9,983 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,489 | €66,473 | +€9,983 | +17.7% |
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 10 October 2026 via checked.be.