PITTALIS CONSTRUCTION: 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.
PITTALIS CONSTRUCTION
Largest movements
- Receivables within one year -€42,090
down €42,090 (-48.1%), from €87,457 to €45,368
of which Trade receivables: -€54,079
- Tangible fixed assets -€28,326
down €28,326 (-20.1%), from €140,940 to €112,614
of which Furniture and vehicles: -€18,596
- Cash +€24,979
up €24,979 (+40.2%), from €62,202 to €87,180
mainly Receivables within one year (+€42,090) and Depreciation (+€28,326)
- Stocks and contracts -€20,000
down €20,000 (-66.7%), from €30,000 to €10,000
- Trade debts -€60,337
down €60,337 (-63.6%), from €94,814 to €34,476
- Profit (loss) carried forward -€20,708
down €20,708 (-52.0%), from €39,833 to €19,125
- Debts after one year +€20,035
up €20,035 (+12.4%), from €161,354 to €181,389
of which Other amounts payable: +€23,535
- Tax, wage and social debts -€4,951
down €4,951 (-41.0%), from €12,077 to €7,126
of which Taxes: -€4,951
- Gross operating margin +€112,850
up €112,850 (+59.0%), from €191,123 to €303,973
- Staff costs +€66,535
up €66,535 (+35.5%), from €187,578 to €254,113
- Depreciation -€13,734
down €13,734 (-32.7%), from €42,060 to €28,326
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 | €323,751 | €257,803 | -€65,948 | -20.4% |
| Fixed assets | 21/28 | €141,115 | €112,789 | -€28,326 | -20.1% |
| Tangible fixed assets | 22/27 | €140,940 | €112,614 | -€28,326 | -20.1% |
| Land and buildings | 22 | €59,000 | €59,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €9,646 | €2,614 | -€7,031 | -72.9% |
| Furniture and vehicles | 24 | €37,763 | €19,168 | -€18,596 | -49.2% |
| Other tangible fixed assets | 26 | €34,531 | €31,832 | -€2,699 | -7.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €182,636 | €145,015 | -€37,621 | -20.6% |
| Stocks and contracts in progress | 3 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Contracts in progress | 37 | €30,000 | €10,000 | -€20,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €87,457 | €45,368 | -€42,090 | -48.1% |
| Trade receivables | 40 | €76,886 | €22,807 | -€54,079 | -70.3% |
| Other amounts receivable | 41 | €10,571 | €22,561 | +€11,989 | +113% |
| Cash at bank and in hand | 54/58 | €62,202 | €87,180 | +€24,979 | +40.2% |
| Deferred charges and accrued income | 490/1 | €2,977 | €2,467 | -€510 | -17.1% |
| Total equity and liabilities | 10/49 | €323,751 | €257,803 | -€65,948 | -20.4% |
| Equity | 10/15 | €49,833 | €29,125 | -€20,708 | -41.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,833 | €19,125 | -€20,708 | -52.0% |
| Amounts payable | 17/49 | €273,918 | €228,678 | -€45,240 | -16.5% |
| Amounts payable after more than one year | 17 | €161,354 | €181,389 | +€20,035 | +12.4% |
| Financial debts | 170/4 | €161,354 | €157,855 | -€3,499 | -2.2% |
| Other amounts payable | 178/9 | - | €23,535 | +€23,535 | |
| Amounts payable within one year | 42/48 | €110,377 | €45,102 | -€65,275 | -59.1% |
| Current portion of amounts payable after more than one year | 42 | €3,371 | €3,499 | +€129 | +3.8% |
| Trade debts | 44 | €94,814 | €34,476 | -€60,337 | -63.6% |
| Suppliers | 440/4 | €94,814 | €34,476 | -€60,337 | -63.6% |
| Advances received on contracts in progress | 46 | €116 | €0 | -€116 | -100% |
| Taxes, remuneration and social security | 45 | €12,077 | €7,126 | -€4,951 | -41.0% |
| Taxes | 450/3 | €12,077 | €7,126 | -€4,951 | -41.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,188 | €2,188 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €187,578 | €254,113 | +€66,535 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,060 | €28,326 | -€13,734 | -32.7% |
| Other operating charges | 640/8 | €882 | €710 | -€172 | -19.5% |
| Non-recurring operating charges | 66A | €2,388 | €0 | -€2,388 | -100% |
| Gross operating margin | 9900 | €191,123 | €303,973 | +€112,850 | +59.0% |
| Operating profit (loss) | 9901 | -€41,786 | €20,824 | +€62,610 | |
| Financial income | 75/76B | €1,135 | €1,221 | +€86 | +7.5% |
| Recurring financial income | 75 | €1,135 | €1,221 | +€86 | +7.5% |
| Financial charges | 65/66B | €2,769 | €3,752 | +€983 | +35.5% |
| Recurring financial charges | 65 | €2,769 | €3,752 | +€983 | +35.5% |
| Profit (loss) for the period before taxes | 9903 | -€43,420 | €18,292 | +€61,712 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€43,420 | €18,292 | +€61,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,420 | €18,292 | +€61,712 |
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.