PITSTOP: 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.
PITSTOP
Largest movements
- Tangible fixed assets +€37,313
up €37,313 (+12.6%), from €295,561 to €332,874
of which Plant, machinery and equipment: +€66,534
- Cash -€15,644
down €15,644 (-19.9%), from €78,538 to €62,894
mainly Investment in fixed assets (net) (-€75,648) and Trade debts (-€5,956)
- Debts after one year +€19,416
up €19,416 (+19.1%), from €101,399 to €120,815
- Reserves +€10,081
up €10,081 (+4.9%), from €207,327 to €217,408
of which Distributable reserves: +€12,681
- Trade debts -€5,956
down €5,956 (-91.8%), from €6,485 to €529
- Current portion of long-term debt +€4,786
up €4,786 (+15.4%), from €31,013 to €35,798
- Tax, wage and social debts -€4,243
down €4,243 (-59.1%), from €7,179 to €2,936
of which Taxes: -€3,885
- Gross operating margin -€16,666
down €16,666 (-15.6%), from €107,014 to €90,348
- Taxes -€5,476
down €5,476 (-59.8%), from €9,162 to €3,687
- Staff costs -€2,487
down €2,487 (-8.8%), from €28,256 to €25,768
- Financial charges +€2,292
up €2,292 (+38.7%), from €5,924 to €8,216
- Depreciation -€1,846
down €1,846 (-4.6%), from €40,181 to €38,335
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,402 | €403,485 | +€24,083 | +6.3% |
| Fixed assets | 21/28 | €295,631 | €332,944 | +€37,313 | +12.6% |
| Tangible fixed assets | 22/27 | €295,561 | €332,874 | +€37,313 | +12.6% |
| Land and buildings | 22 | €256,213 | €238,022 | -€18,191 | -7.1% |
| Plant, machinery and equipment | 23 | €10,474 | €77,008 | +€66,534 | +635.3% |
| Furniture and vehicles | 24 | €28,875 | €17,844 | -€11,031 | -38.2% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €83,771 | €70,541 | -€13,230 | -15.8% |
| Stocks and contracts in progress | 3 | €5,233 | €6,334 | +€1,100 | +21.0% |
| Stocks | 30/36 | €5,233 | €6,334 | +€1,100 | +21.0% |
| Amounts receivable within one year | 40/41 | - | €1,313 | +€1,313 | |
| Other amounts receivable | 41 | - | €1,313 | +€1,313 | |
| Cash at bank and in hand | 54/58 | €78,538 | €62,894 | -€15,644 | -19.9% |
| Total equity and liabilities | 10/49 | €379,402 | €403,485 | +€24,083 | +6.3% |
| Equity | 10/15 | €233,327 | €243,408 | +€10,081 | +4.3% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €207,327 | €217,408 | +€10,081 | +4.9% |
| Non-distributable reserves | 130/1 | €2,600 | - | -€2,600 | |
| Reserves not available under the articles | 1311 | €2,600 | - | -€2,600 | |
| Distributable reserves | 133 | €204,727 | €217,408 | +€12,681 | +6.2% |
| Amounts payable | 17/49 | €146,076 | €160,077 | +€14,002 | +9.6% |
| Amounts payable after more than one year | 17 | €101,399 | €120,815 | +€19,416 | +19.1% |
| Financial debts | 170/4 | €101,399 | €120,815 | +€19,416 | +19.1% |
| Amounts payable within one year | 42/48 | €44,677 | €39,263 | -€5,414 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €31,013 | €35,798 | +€4,786 | +15.4% |
| Trade debts | 44 | €6,485 | €529 | -€5,956 | -91.8% |
| Suppliers | 440/4 | €6,485 | €529 | -€5,956 | -91.8% |
| Taxes, remuneration and social security | 45 | €7,179 | €2,936 | -€4,243 | -59.1% |
| Taxes | 450/3 | €6,589 | €2,704 | -€3,885 | -59.0% |
| Remuneration and social security | 454/9 | €590 | €231 | -€359 | -60.8% |
| Remuneration, social security and pensions | 62 | €28,256 | €25,768 | -€2,487 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,181 | €38,335 | -€1,846 | -4.6% |
| Other operating charges | 640/8 | €3,657 | €3,574 | -€83 | -2.3% |
| Non-recurring operating charges | 66A | - | €688 | +€688 | |
| Gross operating margin | 9900 | €107,014 | €90,348 | -€16,666 | -15.6% |
| Operating profit (loss) | 9901 | €34,920 | €21,982 | -€12,938 | -37.0% |
| Financial income | 75/76B | €2 | €1 | -€1 | -40.2% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -40.2% |
| Financial charges | 65/66B | €5,924 | €8,216 | +€2,292 | +38.7% |
| Recurring financial charges | 65 | €5,924 | €8,216 | +€2,292 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €28,998 | €13,768 | -€15,230 | -52.5% |
| Income taxes | 67/77 | €9,162 | €3,687 | -€5,476 | -59.8% |
| Profit (loss) for the period | 9904 | €19,835 | €10,081 | -€9,754 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,835 | €10,081 | -€9,754 | -49.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.