PITS: what changed
Two fiscal 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.
What changed
PITS
NACE 26.110, Manufacture of computer, electronic and optical products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.7m
2023 · €789,519+€874,283
Equity
€51.9m
2023 · €50.2m+€1.7m
Cash
-
not filed
Balance sheet total
€60.3m
2023 · €58.7m+€1.6m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+4.5%), from €45.7m to €47.7m
of which Other amounts receivable: +€2.3m
Equity and liabilities
- Profit (loss) carried forward +€1.7m
up €1.7m (+61.3%), from €2.7m to €4.4m
Income statement
- Turnover -€1.0m
down €1.0m (-2.9%), from €35.4m to €34.4m
- Services and other goods -€707,948
down €707,948 (-7.0%), from €10.1m to €9.4m
- Goods and materials +€509,051
up €509,051 (+3.6%), from €14.2m to €14.7m
of which Purchases: +€1.1m
From the 2023 result to the 2024 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.
Result 2023
€789,519
Turnover
-€1.0m
Other operating income
-€7,345
Goods and materials
-€509,051
Services and other goods
+€707,948
Staff costs
-€122,674
Depreciation
-€116,900
Write-downs
+€168,073
Provisions
-€85,941
Other operating charges
+€8,328
Other operating items
+€1.6m
Financial income
+€165,852
Financial charges
+€33,174
Result 2024
€1.7m
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,668,806 | €60,252,242 | +€1.6m | +2.7% |
| Fixed assets | 21/28 | €6,415,333 | €6,273,476 | -€141,856 | -2.2% |
| Intangible fixed assets | 21 | €3,824,206 | €3,866,316 | +€42,110 | +1.1% |
| Tangible fixed assets | 22/27 | €2,587,876 | €2,403,910 | -€183,966 | -7.1% |
| Land and buildings | 22 | €1,752,865 | €1,528,383 | -€224,482 | -12.8% |
| Plant, machinery and equipment | 23 | €709,055 | €721,933 | +€12,878 | +1.8% |
| Furniture and vehicles | 24 | €124,256 | €152,902 | +€28,646 | +23.1% |
| Leasing and similar rights | 25 | €1,701 | €693 | -€1,008 | -59.2% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,250 | €3,250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €52,253,474 | €53,978,766 | +€1.7m | +3.3% |
| Stocks and contracts in progress | 3 | €6,561,874 | €6,234,552 | -€327,322 | -5.0% |
| Stocks | 30/36 | €6,561,874 | €6,234,552 | -€327,322 | -5.0% |
| Raw materials and consumables | 30/31 | €2,245,521 | €1,791,739 | -€453,782 | -20.2% |
| Work in progress | 32 | €3,277,039 | €3,042,829 | -€234,210 | -7.1% |
| Finished goods | 33 | €71,986 | €394,714 | +€322,728 | +448.3% |
| Goods purchased for resale | 34 | €967,328 | €1,005,270 | +€37,943 | +3.9% |
| Amounts receivable within one year | 40/41 | €45,691,600 | €47,744,214 | +€2.1m | +4.5% |
| Trade receivables | 40 | €4,601,100 | €4,340,357 | -€260,742 | -5.7% |
| Other amounts receivable | 41 | €41,090,500 | €43,403,856 | +€2.3m | +5.6% |
| Total equity and liabilities | 10/49 | €58,668,806 | €60,252,242 | +€1.6m | +2.7% |
| Equity | 10/15 | €50,215,792 | €51,879,753 | +€1.7m | +3.3% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Capital | 10 | €10,000,000 | €10,000,000 | = | 0.0% |
| Issued capital | 100 | €10,000,000 | €10,000,000 | = | 0.0% |
| Reserves | 13 | €37,500,011 | €37,500,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000,000 | €1,000,000 | = | 0.0% |
| Legal reserve | 130 | €1,000,000 | €1,000,000 | = | 0.0% |
| Distributable reserves | 133 | €36,500,011 | €36,500,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,715,781 | €4,379,741 | +€1.7m | +61.3% |
| Provisions and deferred taxes | 16 | €321,468 | €370,607 | +€49,139 | +15.3% |
| Provisions for liabilities and charges | 160/5 | €321,468 | €370,607 | +€49,139 | +15.3% |
| Pensions and similar obligations | 160 | €8,820 | €8,820 | = | 0.0% |
| Other liabilities and charges | 164/5 | €312,648 | €361,786 | +€49,139 | +15.7% |
| Amounts payable | 17/49 | €8,131,546 | €8,001,883 | -€129,663 | -1.6% |
| Amounts payable within one year | 42/48 | €8,131,546 | €8,001,883 | -€129,663 | -1.6% |
| Trade debts | 44 | €6,349,616 | €6,138,829 | -€210,787 | -3.3% |
| Suppliers | 440/4 | €6,349,616 | €6,138,829 | -€210,787 | -3.3% |
| Taxes, remuneration and social security | 45 | €1,777,085 | €1,857,387 | +€80,302 | +4.5% |
| Taxes | 450/3 | €222,630 | €262,812 | +€40,182 | +18.0% |
| Remuneration and social security | 454/9 | €1,554,455 | €1,594,575 | +€40,120 | +2.6% |
| Other amounts payable | 47/48 | €4,845 | €5,667 | +€822 | +17.0% |
| Operating income | 70/76A | €36,104,375 | €36,729,849 | +€625,474 | +1.7% |
| Turnover | 70 | €35,445,223 | €34,433,104 | -€1.0m | -2.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,267,698 | €220,159 | +€1.5m | |
| Own construction capitalised | 72 | €1,471,322 | €1,632,399 | +€161,077 | +10.9% |
| Other operating income | 74 | €451,531 | €444,186 | -€7,345 | -1.6% |
| Non-recurring operating income | 76A | €3,997 | - | -€3,997 | |
| Operating charges | 60/66A | €36,351,738 | €36,301,955 | -€49,783 | -0.1% |
| Goods for resale, raw materials and consumables | 60 | €14,169,668 | €14,678,719 | +€509,051 | +3.6% |
| Purchases | 600/8 | €12,716,239 | €13,834,212 | +€1.1m | +8.8% |
| Change in stocks: decrease (increase) | 609 | €1,453,430 | €844,508 | -€608,922 | -41.9% |
| Services and other goods | 61 | €10,131,364 | €9,423,415 | -€707,948 | -7.0% |
| Remuneration, social security and pensions | 62 | €9,578,549 | €9,701,223 | +€122,674 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,495,272 | €2,612,172 | +€116,900 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€72,844 | -€240,916 | -€168,073 | -230.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€36,802 | €49,139 | +€85,941 | |
| Other operating charges | 640/8 | €86,532 | €78,204 | -€8,328 | -9.6% |
| Operating profit (loss) | 9901 | -€247,363 | €427,894 | +€675,257 | |
| Financial income | 75/76B | €1,255,056 | €1,420,908 | +€165,852 | +13.2% |
| Recurring financial income | 75 | €1,255,056 | €1,420,908 | +€165,852 | +13.2% |
| Income from financial fixed assets | 750 | €1,102,978 | €1,367,153 | +€264,174 | +24.0% |
| Other financial income | 752/9 | €152,078 | €53,756 | -€98,322 | -64.7% |
| Financial charges | 65/66B | €218,174 | €185,000 | -€33,174 | -15.2% |
| Recurring financial charges | 65 | €218,174 | €185,000 | -€33,174 | -15.2% |
| Other financial charges | 652/9 | €218,174 | €185,000 | -€33,174 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €789,519 | €1,663,802 | +€874,283 | +110.7% |
| Profit (loss) for the period | 9904 | €789,519 | €1,663,802 | +€874,283 | +110.7% |
| Profit (loss) for the period to be appropriated | 9905 | €789,519 | €1,663,802 | +€874,283 | +110.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.