PITT-SOLUTIONS: 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.
PITT-SOLUTIONS
Largest movements
- Stocks and contracts +€310,964
up €310,964 (+148%), from €209,870 to €520,834
of which Stocks: +€175,130
- Cash +€79,534
up €79,534 (+208%), from €38,257 to €117,791
mainly Advances received (+€160,099) and Depreciation (+€123,192)
- Receivables within one year -€55,862
down €55,862 (-16.1%), from €347,387 to €291,525
of which Other amounts receivable: -€77,373
- Advances received +€160,099
up €160,099 (+175%), from €91,354 to €251,453
- Reserves +€112,267
up €112,267 (+25.0%), from €448,200 to €560,467
- Debts after one year +€53,963
up €53,963 (+68.4%), from €78,928 to €132,891
- Trade debts +€18,615
up €18,615 (+14.9%), from €124,918 to €143,533
- Short-term financial debts -€14,928
down €14,928 (-98.1%), from €15,213 to €285
- Gross operating margin +€348,766
up €348,766 (+47.9%), from €727,819 to €1.1m
- Staff costs +€184,071
up €184,071 (+31.0%), from €593,126 to €777,197
- Depreciation +€41,141
up €41,141 (+50.1%), from €82,051 to €123,192
- Taxes +€31,265
up €31,265 (+526%), from €5,947 to €37,212
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 | €848,209 | €1,186,704 | +€338,495 | +39.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €245,598 | €243,255 | -€2,344 | -1.0% |
| Tangible fixed assets | 22/27 | €228,186 | €225,843 | -€2,344 | -1.0% |
| Plant, machinery and equipment | 23 | €69,804 | €109,199 | +€39,395 | +56.4% |
| Furniture and vehicles | 24 | €23,926 | €27,452 | +€3,526 | +14.7% |
| Leasing and similar rights | 25 | €48,862 | €19,296 | -€29,566 | -60.5% |
| Other tangible fixed assets | 26 | €85,595 | €69,895 | -€15,700 | -18.3% |
| Financial fixed assets | 28 | €17,412 | €17,412 | = | 0.0% |
| Current assets | 29/58 | €602,611 | €943,450 | +€340,839 | +56.6% |
| Stocks and contracts in progress | 3 | €209,870 | €520,834 | +€310,964 | +148% |
| Stocks | 30/36 | €209,870 | €385,000 | +€175,130 | +83.4% |
| Contracts in progress | 37 | - | €135,834 | +€135,834 | |
| Amounts receivable within one year | 40/41 | €347,387 | €291,525 | -€55,862 | -16.1% |
| Trade receivables | 40 | €249,114 | €270,626 | +€21,512 | +8.6% |
| Other amounts receivable | 41 | €98,273 | €20,899 | -€77,373 | -78.7% |
| Cash at bank and in hand | 54/58 | €38,257 | €117,791 | +€79,534 | +208% |
| Deferred charges and accrued income | 490/1 | €7,097 | €13,299 | +€6,203 | +87.4% |
| Total equity and liabilities | 10/49 | €848,209 | €1,186,704 | +€338,495 | +39.9% |
| Equity | 10/15 | €466,696 | €579,067 | +€112,371 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €448,200 | €560,467 | +€112,267 | +25.0% |
| Distributable reserves | 133 | €448,200 | €560,467 | +€112,267 | +25.0% |
| Profit (loss) carried forward | 14 | -€104 | €0 | +€104 | |
| Amounts payable | 17/49 | €381,513 | €607,637 | +€226,124 | +59.3% |
| Amounts payable after more than one year | 17 | €78,928 | €132,891 | +€53,963 | +68.4% |
| Financial debts | 170/4 | €78,928 | €132,891 | +€53,963 | +68.4% |
| Amounts payable within one year | 42/48 | €302,585 | €474,493 | +€171,908 | +56.8% |
| Current portion of amounts payable after more than one year | 42 | €42,526 | €37,760 | -€4,766 | -11.2% |
| Financial debts | 43 | €15,213 | €285 | -€14,928 | -98.1% |
| Credit institutions | 430/8 | €15,213 | €285 | -€14,928 | -98.1% |
| Trade debts | 44 | €124,918 | €143,533 | +€18,615 | +14.9% |
| Suppliers | 440/4 | €124,918 | €143,533 | +€18,615 | +14.9% |
| Advances received on contracts in progress | 46 | €91,354 | €251,453 | +€160,099 | +175% |
| Taxes, remuneration and social security | 45 | €28,574 | €41,462 | +€12,888 | +45.1% |
| Taxes | 450/3 | €4,667 | €11,924 | +€7,256 | +155% |
| Remuneration and social security | 454/9 | €23,907 | €29,538 | +€5,632 | +23.6% |
| Accrued charges and deferred income | 492/3 | - | €254 | +€254 | |
| Remuneration, social security and pensions | 62 | €593,126 | €777,197 | +€184,071 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,051 | €123,192 | +€41,141 | +50.1% |
| Other operating charges | 640/8 | €10,565 | €13,813 | +€3,248 | +30.7% |
| Non-recurring operating charges | 66A | - | €1,340 | +€1,340 | |
| Gross operating margin | 9900 | €727,819 | €1,076,585 | +€348,766 | +47.9% |
| Operating profit (loss) | 9901 | €42,077 | €161,042 | +€118,965 | +283% |
| Financial income | 75/76B | €323 | €853 | +€531 | +164% |
| Recurring financial income | 75 | €323 | €853 | +€531 | +164% |
| Financial charges | 65/66B | €7,738 | €12,312 | +€4,575 | +59.1% |
| Recurring financial charges | 65 | €7,738 | €12,312 | +€4,575 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €34,662 | €149,583 | +€114,921 | +332% |
| Income taxes | 67/77 | €5,947 | €37,212 | +€31,265 | +526% |
| Profit (loss) for the period | 9904 | €28,715 | €112,371 | +€83,656 | +291% |
| Profit (loss) for the period to be appropriated | 9905 | €28,715 | €112,371 | +€83,656 | +291% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.