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.
PITS
Largest movements
- Current investments +€105,000
up €105,000 (+15.5%), from €676,030 to €781,030
- Cash +€62,174
up €62,174 (+43.9%), from €141,596 to €203,770
mainly Accrued charges and deferred income (+€180,762) and Net result for the year (+€54,258)
- Tangible fixed assets +€29,400
up €29,400 (+10.0%), from €292,796 to €322,196
of which Other tangible fixed assets: +€17,453
- Receivables within one year +€26,000
up €26,000 (+145.2%), from €17,910 to €43,911
of which Trade receivables: +€27,321
- Accrued charges and deferred income +€180,762
up €180,762 (+38939.8%), from €464 to €181,227
- Other debts -€63,625
down €63,625 (-32.6%), from €195,210 to €131,585
- Reserves +€54,258
up €54,258 (+101.0%), from €53,732 to €107,990
of which Distributable reserves: +€54,258
- Tax, wage and social debts +€50,163
up €50,163 (+427.8%), from €11,727 to €61,889
of which Taxes: +€46,963
- Gross operating margin +€59,368
up €59,368 (+89.2%), from €66,575 to €125,943
- Taxes +€20,363
up €20,363 (+953.8%), from €2,135 to €22,498
- Depreciation +€3,792
up €3,792 (+15.1%), from €25,147 to €28,938
- Other operating charges +€3,551
up €3,551 (+102.7%), from €3,458 to €7,009
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 | €1,140,782 | €1,362,466 | +€221,684 | +19.4% |
| Fixed assets | 21/28 | €296,757 | €326,157 | +€29,400 | +9.9% |
| Tangible fixed assets | 22/27 | €292,796 | €322,196 | +€29,400 | +10.0% |
| Land and buildings | 22 | €82,283 | €81,705 | -€578 | -0.7% |
| Plant, machinery and equipment | 23 | €1,818 | €1,399 | -€419 | -23.0% |
| Furniture and vehicles | 24 | €22,175 | €35,118 | +€12,943 | +58.4% |
| Other tangible fixed assets | 26 | €186,520 | €203,973 | +€17,453 | +9.4% |
| Financial fixed assets | 28 | €3,961 | €3,961 | = | 0.0% |
| Current assets | 29/58 | €844,025 | €1,036,309 | +€192,284 | +22.8% |
| Amounts receivable within one year | 40/41 | €17,910 | €43,911 | +€26,000 | +145.2% |
| Trade receivables | 40 | €16,549 | €43,870 | +€27,321 | +165.1% |
| Other amounts receivable | 41 | €1,362 | €41 | -€1,321 | -97.0% |
| Current investments | 50/53 | €676,030 | €781,030 | +€105,000 | +15.5% |
| Cash at bank and in hand | 54/58 | €141,596 | €203,770 | +€62,174 | +43.9% |
| Deferred charges and accrued income | 490/1 | €8,488 | €7,598 | -€890 | -10.5% |
| Total equity and liabilities | 10/49 | €1,140,782 | €1,362,466 | +€221,684 | +19.4% |
| Equity | 10/15 | €897,056 | €951,314 | +€54,258 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €57,276 | €57,276 | = | 0.0% |
| Reserves | 13 | €53,732 | €107,990 | +€54,258 | +101.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,872 | €15,872 | = | 0.0% |
| Distributable reserves | 133 | €37,860 | €92,118 | +€54,258 | +143.3% |
| Profit (loss) carried forward | 14 | €767,447 | €767,447 | = | 0.0% |
| Amounts payable | 17/49 | €243,726 | €411,152 | +€167,426 | +68.7% |
| Amounts payable after more than one year | 17 | €8,776 | €0 | -€8,776 | -100.0% |
| Financial debts | 170/4 | €8,776 | €0 | -€8,776 | -100.0% |
| Amounts payable within one year | 42/48 | €234,486 | €229,926 | -€4,560 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €11,622 | €10,094 | -€1,528 | -13.1% |
| Trade debts | 44 | €15,927 | €18,347 | +€2,420 | +15.2% |
| Suppliers | 440/4 | €15,927 | €18,347 | +€2,420 | +15.2% |
| Advances received on contracts in progress | 46 | - | €8,010 | +€8,010 | |
| Taxes, remuneration and social security | 45 | €11,727 | €61,889 | +€50,163 | +427.8% |
| Taxes | 450/3 | €11,727 | €58,690 | +€46,963 | +400.5% |
| Remuneration and social security | 454/9 | - | €3,199 | +€3,199 | |
| Other amounts payable | 47/48 | €195,210 | €131,585 | -€63,625 | -32.6% |
| Accrued charges and deferred income | 492/3 | €464 | €181,227 | +€180,762 | +38939.8% |
| Non-recurring operating income | 76A | - | €886 | +€886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,147 | €28,938 | +€3,792 | +15.1% |
| Other operating charges | 640/8 | €3,458 | €7,009 | +€3,551 | +102.7% |
| Non-recurring operating charges | 66A | - | €183 | +€183 | |
| Gross operating margin | 9900 | €66,575 | €125,943 | +€59,368 | +89.2% |
| Operating profit (loss) | 9901 | €37,971 | €89,813 | +€51,842 | +136.5% |
| Financial income | 75/76B | €1,091 | €946 | -€145 | -13.3% |
| Recurring financial income | 75 | €1,091 | €946 | -€145 | -13.3% |
| Financial charges | 65/66B | €15,187 | €14,003 | -€1,184 | -7.8% |
| Recurring financial charges | 65 | €15,187 | €14,003 | -€1,184 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €23,875 | €76,756 | +€52,881 | +221.5% |
| Income taxes | 67/77 | €2,135 | €22,498 | +€20,363 | +953.8% |
| Profit (loss) for the period | 9904 | €21,740 | €54,258 | +€32,518 | +149.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,740 | €54,258 | +€32,518 | +149.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.