PITSMC: 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.
PITSMC
Largest movements
- Tangible fixed assets -€6,773
down €6,773 (-63.2%), from €10,719 to €3,945
of which Furniture and vehicles: -€6,068
- Cash -€2,157
down €2,157 (-2.3%), from €95,085 to €92,928
mainly Other debts (-€16,639) and Current portion of long-term debt (-€6,007)
- Receivables within one year -€1,713
down €1,713 (-3.6%), from €48,013 to €46,299
of which Trade receivables: -€3,624
- Other debts -€16,639
down €16,639 (-59.6%), from €27,926 to €11,287
- Trade debts +€13,739
up €13,739 (+32.3%), from €42,540 to €56,279
- Current portion of long-term debt -€6,007
no longer reported in 2025 (was €6,007)
- Tax, wage and social debts -€1,767
down €1,767 (-35.3%), from €5,005 to €3,238
- Gross operating margin -€39,184
down €39,184 (-80.3%), from €48,785 to €9,601
- Taxes -€8,346
down €8,346 (-98.9%), from €8,435 to €89
- Depreciation -€1,717
down €1,717 (-20.2%), from €8,490 to €6,773
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 | €153,911 | €143,267 | -€10,643 | -6.9% |
| Fixed assets | 21/28 | €10,814 | €4,040 | -€6,773 | -62.6% |
| Tangible fixed assets | 22/27 | €10,719 | €3,945 | -€6,773 | -63.2% |
| Plant, machinery and equipment | 23 | €2,741 | €2,354 | -€387 | -14.1% |
| Furniture and vehicles | 24 | €6,068 | €0 | -€6,068 | -100.0% |
| Other tangible fixed assets | 26 | €1,909 | €1,591 | -€318 | -16.7% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €143,097 | €139,227 | -€3,870 | -2.7% |
| Amounts receivable within one year | 40/41 | €48,013 | €46,299 | -€1,713 | -3.6% |
| Trade receivables | 40 | €44,700 | €41,077 | -€3,624 | -8.1% |
| Other amounts receivable | 41 | €3,312 | €5,223 | +€1,911 | +57.7% |
| Cash at bank and in hand | 54/58 | €95,085 | €92,928 | -€2,157 | -2.3% |
| Total equity and liabilities | 10/49 | €153,911 | €143,267 | -€10,643 | -6.9% |
| Equity | 10/15 | €72,386 | €72,464 | +€78 | +0.1% |
| Reserves | 13 | €72,386 | €72,464 | +€78 | +0.1% |
| Distributable reserves | 133 | €72,386 | €72,464 | +€78 | +0.1% |
| Amounts payable | 17/49 | €81,525 | €70,804 | -€10,722 | -13.2% |
| Amounts payable within one year | 42/48 | €81,478 | €70,804 | -€10,675 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €6,007 | - | -€6,007 | |
| Trade debts | 44 | €42,540 | €56,279 | +€13,739 | +32.3% |
| Suppliers | 440/4 | €42,540 | €56,279 | +€13,739 | +32.3% |
| Taxes, remuneration and social security | 45 | €5,005 | €3,238 | -€1,767 | -35.3% |
| Taxes | 450/3 | €5,005 | €3,238 | -€1,767 | -35.3% |
| Other amounts payable | 47/48 | €27,926 | €11,287 | -€16,639 | -59.6% |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Remuneration, social security and pensions | 62 | €339 | - | -€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,490 | €6,773 | -€1,717 | -20.2% |
| Other operating charges | 640/8 | €958 | €944 | -€14 | -1.5% |
| Gross operating margin | 9900 | €48,785 | €9,601 | -€39,184 | -80.3% |
| Operating profit (loss) | 9901 | €38,998 | €1,884 | -€37,114 | -95.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €209 | €116 | -€92 | -44.3% |
| Recurring financial charges | 65 | €209 | €116 | -€92 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €38,790 | €1,767 | -€37,022 | -95.4% |
| Income taxes | 67/77 | €8,435 | €89 | -€8,346 | -98.9% |
| Profit (loss) for the period | 9904 | €30,354 | €1,678 | -€28,676 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,354 | €1,678 | -€28,676 | -94.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.