PITT: 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.
PITT
Largest movements
- Cash +€588,146
up €588,146 (+1443.8%), from €40,737 to €628,882
mainly Provisions (+€489,901) and Net result for the year (+€410,874)
- Tangible fixed assets -€210,256
down €210,256 (-96.4%), from €218,083 to €7,826
of which Land and buildings: -€208,213
- Current investments +€177,449
new in 2025: €177,449
- Receivables within one year -€16,056
down €16,056 (-54.2%), from €29,630 to €13,574
of which Trade receivables: -€13,437
- Reserves +€1.5m
new in 2025: €1.5m
of which Tax-exempt reserves: +€1.5m
- Profit (loss) carried forward -€1.1m
down €1.1m (-328.0%), from -€321,803 to -€1.4m
- Provisions +€489,901
new in 2025: €489,901
- Debts after one year -€219,183
down €219,183 (-100.0%), from €219,183 to €0
- Other debts -€122,866
down €122,866 (-40.8%), from €301,225 to €178,359
- Gross operating margin +€1.9m
up €1.9m (+9585.0%), from €19,604 to €1.9m
- Financial charges +€830,999
up €830,999 (+3243.1%), from €25,624 to €856,622
- Depreciation -€31,719
down €31,719 (-76.3%), from €41,590 to €9,871
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 | €520,825 | €1,064,309 | +€543,484 | +104.4% |
| Fixed assets | 21/28 | €218,083 | €7,826 | -€210,256 | -96.4% |
| Tangible fixed assets | 22/27 | €218,083 | €7,826 | -€210,256 | -96.4% |
| Land and buildings | 22 | €211,624 | €3,411 | -€208,213 | -98.4% |
| Plant, machinery and equipment | 23 | €3,823 | €3,080 | -€744 | -19.4% |
| Furniture and vehicles | 24 | €2,636 | €1,336 | -€1,300 | -49.3% |
| Current assets | 29/58 | €302,743 | €1,056,483 | +€753,741 | +249.0% |
| Stocks and contracts in progress | 3 | €227,970 | €229,000 | +€1,030 | +0.5% |
| Stocks | 30/36 | €227,970 | €229,000 | +€1,030 | +0.5% |
| Amounts receivable within one year | 40/41 | €29,630 | €13,574 | -€16,056 | -54.2% |
| Trade receivables | 40 | €16,419 | €2,982 | -€13,437 | -81.8% |
| Other amounts receivable | 41 | €13,211 | €10,592 | -€2,619 | -19.8% |
| Current investments | 50/53 | - | €177,449 | +€177,449 | |
| Cash at bank and in hand | 54/58 | €40,737 | €628,882 | +€588,146 | +1443.8% |
| Deferred charges and accrued income | 490/1 | €4,406 | €7,578 | +€3,171 | +72.0% |
| Total equity and liabilities | 10/49 | €520,825 | €1,064,309 | +€543,484 | +104.4% |
| Equity | 10/15 | -€148,278 | €327,643 | +€475,921 | |
| Contributions | 10/11 | €173,525 | €193,525 | +€20,000 | +11.5% |
| Reserves | 13 | - | €1,511,353 | +€1.5m | |
| Tax-exempt reserves | 132 | - | €1,469,703 | +€1.5m | |
| Distributable reserves | 133 | - | €41,650 | +€41,650 | |
| Profit (loss) carried forward | 14 | -€321,803 | -€1,377,235 | -€1.1m | -328.0% |
| Provisions and deferred taxes | 16 | - | €489,901 | +€489,901 | |
| Deferred taxes | 168 | - | €489,901 | +€489,901 | |
| Amounts payable | 17/49 | €669,103 | €246,765 | -€422,338 | -63.1% |
| Amounts payable after more than one year | 17 | €219,183 | €0 | -€219,183 | -100.0% |
| Financial debts | 170/4 | €219,183 | €0 | -€219,183 | -100.0% |
| Amounts payable within one year | 42/48 | €449,920 | €246,765 | -€203,155 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €18,705 | €0 | -€18,705 | -100.0% |
| Financial debts | 43 | €46,854 | €1,066 | -€45,788 | -97.7% |
| Credit institutions | 430/8 | €46,854 | €1,066 | -€45,788 | -97.7% |
| Trade debts | 44 | €58,013 | €50,755 | -€7,258 | -12.5% |
| Suppliers | 440/4 | €58,013 | €50,755 | -€7,258 | -12.5% |
| Taxes, remuneration and social security | 45 | €25,122 | €16,585 | -€8,538 | -34.0% |
| Taxes | 450/3 | €5,828 | €2,650 | -€3,178 | -54.5% |
| Remuneration and social security | 454/9 | €19,294 | €13,934 | -€5,360 | -27.8% |
| Other amounts payable | 47/48 | €301,225 | €178,359 | -€122,866 | -40.8% |
| Non-recurring operating income | 76A | - | €1,959,604 | +€2.0m | |
| Remuneration, social security and pensions | 62 | €102,357 | €90,873 | -€11,484 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,590 | €9,871 | -€31,719 | -76.3% |
| Other operating charges | 640/8 | €10,216 | €27,083 | +€16,867 | +165.1% |
| Non-recurring operating charges | 66A | - | €13,490 | +€13,490 | |
| Gross operating margin | 9900 | €19,604 | €1,898,629 | +€1.9m | +9585.0% |
| Operating profit (loss) | 9901 | -€134,559 | €1,757,312 | +€1.9m | |
| Financial income | 75/76B | €1,636 | €2,242 | +€605 | +37.0% |
| Recurring financial income | 75 | €1,636 | €2,242 | +€605 | +37.0% |
| Financial charges | 65/66B | €25,624 | €856,622 | +€830,999 | +3243.1% |
| Recurring financial charges | 65 | €25,624 | €856,622 | +€830,999 | +3243.1% |
| Profit (loss) for the period before taxes | 9903 | -€158,547 | €902,931 | +€1.1m | |
| Transfer to deferred taxes | 680 | - | €489,901 | +€489,901 | |
| Income taxes | 67/77 | - | €2,156 | +€2,156 | |
| Profit (loss) for the period | 9904 | -€158,547 | €410,874 | +€569,421 | |
| Transfer to tax-exempt reserves | 689 | - | €1,469,703 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,547 | -€1,058,829 | -€900,282 | -567.8% |
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 29 September 2026 via checked.be.