PITTA KING: 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 KING
Largest movements
- Cash +€26,860
up €26,860 (+296%), from €9,083 to €35,943
mainly Net result for the year (+€45,173) and Depreciation (+€12,129)
- Tangible fixed assets -€10,836
down €10,836 (-41.9%), from €25,832 to €14,996
- Receivables within one year +€4,822
up €4,822 (+243%), from €1,986 to €6,807
of which Trade receivables: +€5,223
- Stocks and contracts +€2,185
up €2,185 (+25.3%), from €8,639 to €10,825
- Intangible fixed assets -€1,500
down €1,500 (-57.1%), from €2,625 to €1,125
- Profit (loss) carried forward +€45,173
up €45,173 (+61.5%), from -€73,427 to -€28,253
- Other debts -€23,763
down €23,763 (-29.6%), from €80,153 to €56,390
- Trade debts +€8,181
up €8,181 (+296%), from €2,760 to €10,941
- Debts after one year -€5,485
down €5,485 (-66.1%), from €8,302 to €2,817
- Current portion of long-term debt -€2,739
down €2,739 (-33.3%), from €8,224 to €5,485
- Turnover -€455,021
no longer reported in 2025 (was €455,021)
- Purchases and services -€357,127
no longer reported in 2025 (was €357,127)
- Staff costs -€36,724
down €36,724 (-69.7%), from €52,669 to €15,945
- Gross operating margin -€16,159
down €16,159 (-16.5%), from €97,894 to €81,735
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 | €49,657 | €71,530 | +€21,873 | +44.0% |
| Fixed assets | 21/28 | €28,457 | €16,121 | -€12,336 | -43.3% |
| Intangible fixed assets | 21 | €2,625 | €1,125 | -€1,500 | -57.1% |
| Tangible fixed assets | 22/27 | €25,832 | €14,996 | -€10,836 | -41.9% |
| Plant, machinery and equipment | 23 | €6,679 | €5,154 | -€1,525 | -22.8% |
| Furniture and vehicles | 24 | €7,230 | €3,250 | -€3,980 | -55.0% |
| Leasing and similar rights | 25 | €11,923 | €6,592 | -€5,331 | -44.7% |
| Current assets | 29/58 | €21,200 | €55,409 | +€34,209 | +161% |
| Stocks and contracts in progress | 3 | €8,639 | €10,825 | +€2,185 | +25.3% |
| Stocks | 30/36 | €8,639 | €10,825 | +€2,185 | +25.3% |
| Amounts receivable within one year | 40/41 | €1,986 | €6,807 | +€4,822 | +243% |
| Trade receivables | 40 | €373 | €5,596 | +€5,223 | +1,402% |
| Other amounts receivable | 41 | €1,613 | €1,211 | -€402 | -24.9% |
| Cash at bank and in hand | 54/58 | €9,083 | €35,943 | +€26,860 | +296% |
| Deferred charges and accrued income | 490/1 | €1,491 | €1,834 | +€343 | +23.0% |
| Total equity and liabilities | 10/49 | €49,657 | €71,530 | +€21,873 | +44.0% |
| Equity | 10/15 | -€54,560 | -€9,386 | +€45,173 | +82.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €267 | €267 | = | 0.0% |
| Distributable reserves | 133 | €267 | €267 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,427 | -€28,253 | +€45,173 | +61.5% |
| Amounts payable | 17/49 | €104,217 | €80,917 | -€23,301 | -22.4% |
| Amounts payable after more than one year | 17 | €8,302 | €2,817 | -€5,485 | -66.1% |
| Financial debts | 170/4 | €8,302 | €2,817 | -€5,485 | -66.1% |
| Amounts payable within one year | 42/48 | €95,915 | €78,100 | -€17,816 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €8,224 | €5,485 | -€2,739 | -33.3% |
| Trade debts | 44 | €2,760 | €10,941 | +€8,181 | +296% |
| Suppliers | 440/4 | €2,760 | €10,941 | +€8,181 | +296% |
| Taxes, remuneration and social security | 45 | €4,779 | €5,285 | +€506 | +10.6% |
| Taxes | 450/3 | €255 | €462 | +€207 | +81.1% |
| Remuneration and social security | 454/9 | €4,524 | €4,823 | +€299 | +6.6% |
| Other amounts payable | 47/48 | €80,153 | €56,390 | -€23,763 | -29.6% |
| Turnover | 70 | €455,021 | - | -€455,021 | |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Goods, raw materials, services and sundry goods | 60/61 | €357,127 | - | -€357,127 | |
| Remuneration, social security and pensions | 62 | €52,669 | €15,945 | -€36,724 | -69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,380 | €12,129 | -€3,251 | -21.1% |
| Other operating charges | 640/8 | €3,404 | €6,501 | +€3,097 | +91.0% |
| Gross operating margin | 9900 | €97,894 | €81,735 | -€16,159 | -16.5% |
| Operating profit (loss) | 9901 | €26,441 | €47,160 | +€20,719 | +78.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,803 | €1,603 | -€1,201 | -42.8% |
| Recurring financial charges | 65 | €2,803 | €1,603 | -€1,201 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €23,638 | €45,558 | +€21,920 | +92.7% |
| Income taxes | 67/77 | - | €384 | +€384 | |
| Profit (loss) for the period | 9904 | €23,638 | €45,173 | +€21,535 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,638 | €45,173 | +€21,535 | +91.1% |
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 14 October 2026 via checked.be.