PITTA - STAR: 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 - STAR
Largest movements
- Cash +€10,250
up €10,250 (+49.8%), from €20,598 to €30,848
mainly Net result for the year (+€18,569) and Trade debts (+€8,600)
- Receivables within one year +€10,249
up €10,249 (+115%), from €8,940 to €19,190
of which Trade receivables: +€14,858
- Stocks and contracts +€6,412
up €6,412 (+211%), from €3,038 to €9,450
- Receivables after one year -€4,776
down €4,776 (-4.4%), from €109,119 to €104,343
- Tangible fixed assets +€4,221
up €4,221 (+179%), from €2,357 to €6,578
of which Furniture and vehicles: +€4,390
- Reserves +€18,569
up €18,569 (+30.4%), from €61,096 to €79,664
of which Distributable reserves: +€18,569
- Trade debts +€8,600
up €8,600 (+17.4%), from €49,527 to €58,127
- Tax, wage and social debts +€5,556
up €5,556 (+59.4%), from €9,354 to €14,910
of which Remuneration and social security: +€5,987
- Accrued charges and deferred income -€5,081
down €5,081 (-100%), from €5,081 to €0
- Staff costs -€45,967
down €45,967 (-34.4%), from €133,649 to €87,682
- Gross operating margin -€13,959
down €13,959 (-10.5%), from €133,095 to €119,136
- Taxes +€5,697
new in 2025: €5,697
- Financial charges -€3,566
down €3,566 (-48.0%), from €7,436 to €3,869
- Financial income -€3,136
down €3,136 (-50.8%), from €6,174 to €3,039
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 | €148,789 | €175,316 | +€26,528 | +17.8% |
| Fixed assets | 21/28 | €5,497 | €9,719 | +€4,221 | +76.8% |
| Tangible fixed assets | 22/27 | €2,357 | €6,578 | +€4,221 | +179% |
| Plant, machinery and equipment | 23 | €169 | €0 | -€169 | -100% |
| Furniture and vehicles | 24 | €2,188 | €6,578 | +€4,390 | +201% |
| Financial fixed assets | 28 | €3,141 | €3,141 | = | 0.0% |
| Current assets | 29/58 | €143,291 | €165,598 | +€22,306 | +15.6% |
| Amounts receivable after more than one year | 29 | €109,119 | €104,343 | -€4,776 | -4.4% |
| Other amounts receivable | 291 | €109,119 | €104,343 | -€4,776 | -4.4% |
| Stocks and contracts in progress | 3 | €3,038 | €9,450 | +€6,412 | +211% |
| Stocks | 30/36 | €3,038 | €9,450 | +€6,412 | +211% |
| Amounts receivable within one year | 40/41 | €8,940 | €19,190 | +€10,249 | +115% |
| Trade receivables | 40 | €3,940 | €18,798 | +€14,858 | +377% |
| Other amounts receivable | 41 | €5,000 | €391 | -€4,609 | -92.2% |
| Cash at bank and in hand | 54/58 | €20,598 | €30,848 | +€10,250 | +49.8% |
| Deferred charges and accrued income | 490/1 | €1,596 | €1,768 | +€172 | +10.8% |
| Total equity and liabilities | 10/49 | €148,789 | €175,316 | +€26,528 | +17.8% |
| Equity | 10/15 | €79,688 | €98,256 | +€18,569 | +23.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,096 | €79,664 | +€18,569 | +30.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €59,236 | €77,805 | +€18,569 | +31.3% |
| Amounts payable | 17/49 | €69,101 | €77,060 | +€7,959 | +11.5% |
| Amounts payable after more than one year | 17 | €4,023 | €3,146 | -€877 | -21.8% |
| Financial debts | 170/4 | €877 | €0 | -€877 | -100% |
| Other amounts payable | 178/9 | €3,146 | €3,146 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,997 | €73,913 | +€13,917 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €1,116 | €877 | -€239 | -21.4% |
| Trade debts | 44 | €49,527 | €58,127 | +€8,600 | +17.4% |
| Suppliers | 440/4 | €49,527 | €58,127 | +€8,600 | +17.4% |
| Taxes, remuneration and social security | 45 | €9,354 | €14,910 | +€5,556 | +59.4% |
| Taxes | 450/3 | €431 | €0 | -€431 | -100% |
| Remuneration and social security | 454/9 | €8,923 | €14,910 | +€5,987 | +67.1% |
| Accrued charges and deferred income | 492/3 | €5,081 | €0 | -€5,081 | -100% |
| Remuneration, social security and pensions | 62 | €133,649 | €87,682 | -€45,967 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €1,622 | -€49 | -2.9% |
| Other operating charges | 640/8 | €2,045 | €4,736 | +€2,692 | +132% |
| Gross operating margin | 9900 | €133,095 | €119,136 | -€13,959 | -10.5% |
| Operating profit (loss) | 9901 | -€4,269 | €25,096 | +€29,365 | |
| Financial income | 75/76B | €6,174 | €3,039 | -€3,136 | -50.8% |
| Recurring financial income | 75 | €6,174 | €3,039 | -€3,136 | -50.8% |
| Financial charges | 65/66B | €7,436 | €3,869 | -€3,566 | -48.0% |
| Recurring financial charges | 65 | €7,436 | €3,869 | -€3,566 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,530 | €24,266 | +€29,796 | |
| Income taxes | 67/77 | - | €5,697 | +€5,697 | |
| Profit (loss) for the period | 9904 | -€5,530 | €18,569 | +€24,099 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,530 | €18,569 | +€24,099 |
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 19 October 2026 via checked.be.