PITSCHON: 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.
PITSCHON
Largest movements
- Tangible fixed assets -€14,906
down €14,906 (-62.4%), from €23,873 to €8,967
of which Furniture and vehicles: -€15,250
- Stocks and contracts +€4,462
up €4,462 (+5.2%), from €85,252 to €89,714
- Other debts -€5,046
down €5,046 (-90.7%), from €5,565 to €519
- Trade debts -€2,556
down €2,556 (-62.4%), from €4,094 to €1,538
- Tax, wage and social debts -€2,421
down €2,421 (-30.6%), from €7,902 to €5,482
of which Taxes: -€1,771
- Gross operating margin -€10,585
down €10,585 (-25.7%), from €41,189 to €30,604
- Other operating charges -€5,070
down €5,070 (-91.4%), from €5,548 to €478
- Depreciation -€3,494
down €3,494 (-18.0%), from €19,365 to €15,871
- Staff costs -€1,735
down €1,735 (-14.4%), from €12,048 to €10,312
- Taxes +€1,020
up €1,020 (+93.7%), from €1,089 to €2,108
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 | €196,146 | €186,766 | -€9,380 | -4.8% |
| Fixed assets | 21/28 | €24,623 | €9,717 | -€14,906 | -60.5% |
| Tangible fixed assets | 22/27 | €23,873 | €8,967 | -€14,906 | -62.4% |
| Plant, machinery and equipment | 23 | €913 | €1,257 | +€344 | +37.7% |
| Furniture and vehicles | 24 | €22,960 | €7,710 | -€15,250 | -66.4% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €171,523 | €177,049 | +€5,526 | +3.2% |
| Stocks and contracts in progress | 3 | €85,252 | €89,714 | +€4,462 | +5.2% |
| Stocks | 30/36 | €85,252 | €89,714 | +€4,462 | +5.2% |
| Cash at bank and in hand | 54/58 | €84,711 | €85,740 | +€1,030 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,594 | +€34 | +2.2% |
| Total equity and liabilities | 10/49 | €196,146 | €186,766 | -€9,380 | -4.8% |
| Equity | 10/15 | €178,585 | €179,227 | +€642 | +0.4% |
| Contributions | 10/11 | €74,000 | €74,000 | = | 0.0% |
| Reserves | 13 | €7,400 | €7,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,400 | €7,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,400 | €7,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,185 | €97,827 | +€642 | +0.7% |
| Amounts payable | 17/49 | €17,561 | €7,539 | -€10,022 | -57.1% |
| Amounts payable within one year | 42/48 | €17,561 | €7,539 | -€10,022 | -57.1% |
| Trade debts | 44 | €4,094 | €1,538 | -€2,556 | -62.4% |
| Suppliers | 440/4 | €4,094 | €1,538 | -€2,556 | -62.4% |
| Taxes, remuneration and social security | 45 | €7,902 | €5,482 | -€2,421 | -30.6% |
| Taxes | 450/3 | €6,550 | €4,779 | -€1,771 | -27.0% |
| Remuneration and social security | 454/9 | €1,353 | €703 | -€649 | -48.0% |
| Other amounts payable | 47/48 | €5,565 | €519 | -€5,046 | -90.7% |
| Remuneration, social security and pensions | 62 | €12,048 | €10,312 | -€1,735 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,365 | €15,871 | -€3,494 | -18.0% |
| Other operating charges | 640/8 | €5,548 | €478 | -€5,070 | -91.4% |
| Gross operating margin | 9900 | €41,189 | €30,604 | -€10,585 | -25.7% |
| Operating profit (loss) | 9901 | €4,228 | €3,942 | -€286 | -6.8% |
| Financial income | 75/76B | €1,338 | €811 | -€527 | -39.4% |
| Recurring financial income | 75 | €1,338 | €811 | -€527 | -39.4% |
| Financial charges | 65/66B | €2,283 | €2,003 | -€280 | -12.3% |
| Recurring financial charges | 65 | €2,283 | €2,003 | -€280 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €3,283 | €2,750 | -€533 | -16.2% |
| Income taxes | 67/77 | €1,089 | €2,108 | +€1,020 | +93.7% |
| Profit (loss) for the period | 9904 | €2,194 | €642 | -€1,552 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,194 | €642 | -€1,552 | -70.7% |
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 27 October 2026 via checked.be.