PITT MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€3,722
down €3,722 (-9.1%), from €40,775 to €37,054
- Profit (loss) carried forward -€8,486
down €8,486 (-9.2%), from -€92,677 to -€101,163
- Other debts +€3,015
up €3,015 (+20.3%), from €14,834 to €17,849
- Trade debts +€1,213
up €1,213 (+313.1%), from €387 to €1,600
- Gross operating margin -€483
down €483 (-19.2%), from -€2,515 to -€2,998
- Financial charges +€48
up €48 (+13.4%), from €355 to €403
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 | €59,545 | €55,287 | -€4,258 | -7.2% |
| Fixed assets | 21/28 | €40,775 | €37,054 | -€3,722 | -9.1% |
| Tangible fixed assets | 22/27 | €40,775 | €37,054 | -€3,722 | -9.1% |
| Land and buildings | 22 | €40,775 | €37,054 | -€3,722 | -9.1% |
| Current assets | 29/58 | €18,770 | €18,233 | -€537 | -2.9% |
| Amounts receivable within one year | 40/41 | €18,745 | €18,175 | -€570 | -3.0% |
| Other amounts receivable | 41 | €18,745 | €18,175 | -€570 | -3.0% |
| Cash at bank and in hand | 54/58 | €25 | €58 | +€33 | +135.3% |
| Total equity and liabilities | 10/49 | €59,545 | €55,287 | -€4,258 | -7.2% |
| Equity | 10/15 | €44,323 | €35,837 | -€8,486 | -19.1% |
| Contributions | 10/11 | €137,000 | €137,000 | = | 0.0% |
| Capital | 10 | €137,000 | €137,000 | = | 0.0% |
| Issued capital | 100 | €137,000 | €137,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,677 | -€101,163 | -€8,486 | -9.2% |
| Amounts payable | 17/49 | €15,222 | €19,449 | +€4,228 | +27.8% |
| Amounts payable within one year | 42/48 | €15,222 | €19,449 | +€4,228 | +27.8% |
| Trade debts | 44 | €387 | €1,600 | +€1,213 | +313.1% |
| Suppliers | 440/4 | €387 | €1,600 | +€1,213 | +313.1% |
| Other amounts payable | 47/48 | €14,834 | €17,849 | +€3,015 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,722 | €3,722 | = | 0.0% |
| Other operating charges | 640/8 | €1,694 | €1,720 | +€26 | +1.5% |
| Gross operating margin | 9900 | -€2,515 | -€2,998 | -€483 | -19.2% |
| Operating profit (loss) | 9901 | -€7,931 | -€8,439 | -€509 | -6.4% |
| Financial income | 75/76B | €368 | €356 | -€11 | -3.0% |
| Recurring financial income | 75 | €368 | €356 | -€11 | -3.0% |
| Financial charges | 65/66B | €355 | €403 | +€48 | +13.4% |
| Recurring financial charges | 65 | €355 | €403 | +€48 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,918 | -€8,486 | -€568 | -7.2% |
| Profit (loss) for the period | 9904 | -€7,918 | -€8,486 | -€568 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,918 | -€8,486 | -€568 | -7.2% |
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 7 October 2026 via checked.be.