Pitschon Stijn: 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 Stijn
Largest movements
- Tangible fixed assets -€40,384
down €40,384 (-5.0%), from €803,235 to €762,850
- Receivables within one year -€29,309
down €29,309 (-69.7%), from €42,070 to €12,760
of which Other amounts receivable: -€16,919
- Stocks and contracts +€9,057
up €9,057 (+128%), from €7,102 to €16,159
- Debts after one year -€90,959
down €90,959 (-14.7%), from €619,908 to €528,949
- Other debts +€28,914
up €28,914 (+222%), from €13,047 to €41,961
- Reserves +€26,380
up €26,380 (+26.9%), from €98,045 to €124,425
- Trade debts -€19,867
down €19,867 (-59.8%), from €33,224 to €13,357
- Turnover +€735,985
new in 2025: €735,985
- Purchases and services +€525,112
new in 2025: €525,112
- Gross operating margin -€49,735
down €49,735 (-15.5%), from €321,608 to €271,873
- Staff costs -€29,445
down €29,445 (-21.7%), from €135,575 to €106,129
- Financial charges +€17,616
up €17,616 (+81.3%), from €21,677 to €39,294
of which Non-recurring financial charges: +€16,735
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 | €886,585 | €828,990 | -€57,595 | -6.5% |
| Fixed assets | 21/28 | €803,235 | €762,850 | -€40,384 | -5.0% |
| Tangible fixed assets | 22/27 | €803,235 | €762,850 | -€40,384 | -5.0% |
| Land and buildings | 22 | €670,110 | €655,220 | -€14,890 | -2.2% |
| Plant, machinery and equipment | 23 | €19,483 | €14,454 | -€5,029 | -25.8% |
| Furniture and vehicles | 24 | €76,531 | €71,217 | -€5,315 | -6.9% |
| Leasing and similar rights | 25 | €37,110 | €21,959 | -€15,151 | -40.8% |
| Current assets | 29/58 | €83,350 | €66,140 | -€17,210 | -20.6% |
| Stocks and contracts in progress | 3 | €7,102 | €16,159 | +€9,057 | +128% |
| Stocks | 30/36 | €7,102 | €16,159 | +€9,057 | +128% |
| Amounts receivable within one year | 40/41 | €42,070 | €12,760 | -€29,309 | -69.7% |
| Trade receivables | 40 | €12,390 | - | -€12,390 | |
| Other amounts receivable | 41 | €29,679 | €12,760 | -€16,919 | -57.0% |
| Cash at bank and in hand | 54/58 | €21,843 | €28,686 | +€6,843 | +31.3% |
| Deferred charges and accrued income | 490/1 | €12,335 | €8,534 | -€3,801 | -30.8% |
| Total equity and liabilities | 10/49 | €886,585 | €828,990 | -€57,595 | -6.5% |
| Equity | 10/15 | €116,645 | €143,025 | +€26,380 | +22.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,045 | €124,425 | +€26,380 | +26.9% |
| Distributable reserves | 133 | €98,045 | €124,425 | +€26,380 | +26.9% |
| Amounts payable | 17/49 | €769,939 | €685,965 | -€83,974 | -10.9% |
| Amounts payable after more than one year | 17 | €619,908 | €528,949 | -€90,959 | -14.7% |
| Financial debts | 170/4 | €619,908 | €528,949 | -€90,959 | -14.7% |
| Amounts payable within one year | 42/48 | €150,031 | €157,015 | +€6,984 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €88,466 | €90,959 | +€2,493 | +2.8% |
| Trade debts | 44 | €33,224 | €13,357 | -€19,867 | -59.8% |
| Suppliers | 440/4 | €33,224 | €13,357 | -€19,867 | -59.8% |
| Taxes, remuneration and social security | 45 | €15,294 | €10,738 | -€4,556 | -29.8% |
| Taxes | 450/3 | €6,321 | €7,495 | +€1,174 | +18.6% |
| Remuneration and social security | 454/9 | €8,973 | €3,243 | -€5,730 | -63.9% |
| Other amounts payable | 47/48 | €13,047 | €41,961 | +€28,914 | +222% |
| Turnover | 70 | - | €735,985 | +€735,985 | |
| Non-recurring operating income | 76A | - | €61,000 | +€61,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €525,112 | +€525,112 | |
| Remuneration, social security and pensions | 62 | €135,575 | €106,129 | -€29,445 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,095 | €78,747 | +€8,652 | +12.3% |
| Other operating charges | 640/8 | €6,424 | €9,443 | +€3,019 | +47.0% |
| Non-recurring operating charges | 66A | €4,669 | - | -€4,669 | |
| Gross operating margin | 9900 | €321,608 | €271,873 | -€49,735 | -15.5% |
| Operating profit (loss) | 9901 | €104,845 | €77,553 | -€27,292 | -26.0% |
| Financial income | 75/76B | €75 | €0 | -€75 | -99.9% |
| Recurring financial income | 75 | €75 | €0 | -€75 | -99.9% |
| Financial charges | 65/66B | €21,677 | €39,294 | +€17,616 | +81.3% |
| Recurring financial charges | 65 | €21,677 | €22,559 | +€881 | +4.1% |
| Non-recurring financial charges | 66B | - | €16,735 | +€16,735 | |
| Profit (loss) for the period before taxes | 9903 | €83,243 | €38,260 | -€44,983 | -54.0% |
| Income taxes | 67/77 | €17,136 | €11,880 | -€5,256 | -30.7% |
| Profit (loss) for the period | 9904 | €66,107 | €26,380 | -€39,727 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,107 | €26,380 | -€39,727 | -60.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.