PITTA CORNER: 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.
PITTA CORNER
Largest movements
- Receivables within one year -€140,209
down €140,209 (-65.2%), from €214,943 to €74,734
of which Trade receivables: -€149,301
- Cash -€29,338
down €29,338 (-91.3%), from €32,140 to €2,802
mainly Advances received (-€49,576) and Trade debts (-€48,902)
- Stocks and contracts +€11,022
up €11,022 (+419%), from €2,631 to €13,654
- Tangible fixed assets +€9,921
up €9,921 (+14.6%), from €67,871 to €77,793
of which Other tangible fixed assets: +€9,269
- Deferred charges and accrued income +€5,103
up €5,103 (+252%), from €2,022 to €7,125
- Advances received -€49,576
no longer reported in 2025 (was €49,576)
- Trade debts -€48,902
down €48,902 (-36.6%), from €133,598 to €84,695
- Profit (loss) carried forward -€27,762
down €27,762 (-58.4%), from €47,578 to €19,816
- Tax, wage and social debts -€15,562
down €15,562 (-47.6%), from €32,669 to €17,106
of which Taxes: -€19,015
- Debts after one year -€13,392
down €13,392 (-50.3%), from €26,602 to €13,210
- Staff costs +€36,520
up €36,520 (+38.7%), from €94,311 to €130,830
- Taxes +€4,227
up €4,227 (+82.1%), from €5,151 to €9,378
- Gross operating margin +€3,468
up €3,468 (+2.6%), from €131,676 to €135,144
- Financial charges +€2,368
up €2,368 (+45.6%), from €5,198 to €7,566
- Depreciation +€1,813
up €1,813 (+18.1%), from €10,016 to €11,829
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 | €324,738 | €181,237 | -€143,502 | -44.2% |
| Fixed assets | 21/28 | €73,001 | €82,923 | +€9,921 | +13.6% |
| Tangible fixed assets | 22/27 | €67,871 | €77,793 | +€9,921 | +14.6% |
| Plant, machinery and equipment | 23 | €4,116 | €3,125 | -€991 | -24.1% |
| Furniture and vehicles | 24 | €13,713 | €15,357 | +€1,643 | +12.0% |
| Other tangible fixed assets | 26 | €50,042 | €59,311 | +€9,269 | +18.5% |
| Financial fixed assets | 28 | €5,130 | €5,130 | = | 0.0% |
| Current assets | 29/58 | €251,737 | €98,314 | -€153,423 | -60.9% |
| Stocks and contracts in progress | 3 | €2,631 | €13,654 | +€11,022 | +419% |
| Stocks | 30/36 | €2,631 | €13,654 | +€11,022 | +419% |
| Amounts receivable within one year | 40/41 | €214,943 | €74,734 | -€140,209 | -65.2% |
| Trade receivables | 40 | €193,597 | €44,295 | -€149,301 | -77.1% |
| Other amounts receivable | 41 | €21,347 | €30,439 | +€9,092 | +42.6% |
| Cash at bank and in hand | 54/58 | €32,140 | €2,802 | -€29,338 | -91.3% |
| Deferred charges and accrued income | 490/1 | €2,022 | €7,125 | +€5,103 | +252% |
| Total equity and liabilities | 10/49 | €324,738 | €181,237 | -€143,502 | -44.2% |
| Equity | 10/15 | €68,478 | €40,716 | -€27,762 | -40.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Contributions outside capital | 11 | €19,000 | €19,000 | = | 0.0% |
| Other | 1109/19 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,578 | €19,816 | -€27,762 | -58.4% |
| Amounts payable | 17/49 | €256,260 | €140,521 | -€115,740 | -45.2% |
| Amounts payable after more than one year | 17 | €26,602 | €13,210 | -€13,392 | -50.3% |
| Financial debts | 170/4 | €26,602 | €13,210 | -€13,392 | -50.3% |
| Amounts payable within one year | 42/48 | €229,658 | €127,311 | -€102,347 | -44.6% |
| Current portion of amounts payable after more than one year | 42 | €12,406 | €13,392 | +€986 | +7.9% |
| Trade debts | 44 | €133,598 | €84,695 | -€48,902 | -36.6% |
| Suppliers | 440/4 | €133,598 | €84,695 | -€48,902 | -36.6% |
| Advances received on contracts in progress | 46 | €49,576 | - | -€49,576 | |
| Taxes, remuneration and social security | 45 | €32,669 | €17,106 | -€15,562 | -47.6% |
| Taxes | 450/3 | €23,922 | €4,907 | -€19,015 | -79.5% |
| Remuneration and social security | 454/9 | €8,747 | €12,200 | +€3,453 | +39.5% |
| Other amounts payable | 47/48 | €1,410 | €12,117 | +€10,707 | +759% |
| Remuneration, social security and pensions | 62 | €94,311 | €130,830 | +€36,520 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,016 | €11,829 | +€1,813 | +18.1% |
| Other operating charges | 640/8 | €2,058 | €3,303 | +€1,245 | +60.5% |
| Gross operating margin | 9900 | €131,676 | €135,144 | +€3,468 | +2.6% |
| Operating profit (loss) | 9901 | €25,292 | -€10,818 | -€36,110 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,198 | €7,566 | +€2,368 | +45.6% |
| Recurring financial charges | 65 | €5,198 | €7,566 | +€2,368 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €20,094 | -€18,384 | -€38,478 | |
| Income taxes | 67/77 | €5,151 | €9,378 | +€4,227 | +82.1% |
| Profit (loss) for the period | 9904 | €14,943 | -€27,762 | -€42,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,943 | -€27,762 | -€42,705 |
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 25 October 2026 via checked.be.