PITSA: 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.
PITSA
Largest movements
- Cash +€31,189
up €31,189 (+48.4%), from €64,385 to €95,574
mainly Net result for the year (+€55,776) and Depreciation (+€15,765)
- Tangible fixed assets -€14,666
down €14,666 (-3.6%), from €406,318 to €391,652
of which Land and buildings: -€13,869
- Receivables within one year -€5,926
down €5,926 (-14.9%), from €39,754 to €33,828
of which Other amounts receivable: -€3,196
- Reserves +€55,776
up €55,776 (+22.8%), from €245,130 to €300,906
of which Distributable reserves: +€55,776
- Debts after one year -€38,620
down €38,620 (-32.3%), from €119,525 to €80,904
- Trade debts -€10,519
down €10,519 (-86.0%), from €12,230 to €1,711
- Gross operating margin +€23,321
up €23,321 (+31.1%), from €74,877 to €98,198
- Taxes +€7,492
up €7,492 (+55.2%), from €13,582 to €21,074
- Depreciation -€2,341
down €2,341 (-12.9%), from €18,106 to €15,765
- Financial charges -€2,040
down €2,040 (-36.2%), from €5,628 to €3,589
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 | €510,457 | €521,055 | +€10,598 | +2.1% |
| Fixed assets | 21/28 | €406,318 | €391,652 | -€14,666 | -3.6% |
| Tangible fixed assets | 22/27 | €406,318 | €391,652 | -€14,666 | -3.6% |
| Land and buildings | 22 | €391,518 | €377,649 | -€13,869 | -3.5% |
| Plant, machinery and equipment | 23 | €6,521 | €5,173 | -€1,348 | -20.7% |
| Furniture and vehicles | 24 | €8,279 | €8,830 | +€551 | +6.7% |
| Current assets | 29/58 | €104,139 | €129,403 | +€25,264 | +24.3% |
| Amounts receivable within one year | 40/41 | €39,754 | €33,828 | -€5,926 | -14.9% |
| Trade receivables | 40 | €35,769 | €33,039 | -€2,730 | -7.6% |
| Other amounts receivable | 41 | €3,985 | €789 | -€3,196 | -80.2% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,385 | €95,574 | +€31,189 | +48.4% |
| Total equity and liabilities | 10/49 | €510,457 | €521,055 | +€10,598 | +2.1% |
| Equity | 10/15 | €324,826 | €380,602 | +€55,776 | +17.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €245,130 | €300,906 | +€55,776 | +22.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €243,275 | €299,051 | +€55,776 | +22.9% |
| Profit (loss) carried forward | 14 | €61,146 | €61,146 | = | 0.0% |
| Amounts payable | 17/49 | €185,631 | €140,453 | -€45,178 | -24.3% |
| Amounts payable after more than one year | 17 | €119,525 | €80,904 | -€38,620 | -32.3% |
| Financial debts | 170/4 | €119,525 | €80,904 | -€38,620 | -32.3% |
| Amounts payable within one year | 42/48 | €66,106 | €59,549 | -€6,558 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €37,432 | €41,212 | +€3,780 | +10.1% |
| Trade debts | 44 | €12,230 | €1,711 | -€10,519 | -86.0% |
| Suppliers | 440/4 | €12,230 | €1,711 | -€10,519 | -86.0% |
| Taxes, remuneration and social security | 45 | €9,984 | €11,165 | +€1,181 | +11.8% |
| Taxes | 450/3 | €7,282 | €8,463 | +€1,181 | +16.2% |
| Remuneration and social security | 454/9 | €2,702 | €2,702 | = | 0.0% |
| Other amounts payable | 47/48 | €6,461 | €5,461 | -€1,000 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,106 | €15,765 | -€2,341 | -12.9% |
| Other operating charges | 640/8 | €1,968 | €2,183 | +€215 | +10.9% |
| Gross operating margin | 9900 | €74,877 | €98,198 | +€23,321 | +31.1% |
| Operating profit (loss) | 9901 | €54,803 | €80,250 | +€25,447 | +46.4% |
| Financial income | 75/76B | €75 | €188 | +€114 | +153% |
| Recurring financial income | 75 | €75 | €188 | +€114 | +153% |
| Financial charges | 65/66B | €5,628 | €3,589 | -€2,040 | -36.2% |
| Recurring financial charges | 65 | €5,628 | €3,589 | -€2,040 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €49,249 | €76,850 | +€27,601 | +56.0% |
| Income taxes | 67/77 | €13,582 | €21,074 | +€7,492 | +55.2% |
| Profit (loss) for the period | 9904 | €35,667 | €55,776 | +€20,109 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,667 | €55,776 | +€20,109 | +56.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.