PITTALOFT: 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.
PITTALOFT
Largest movements
- Cash +€85,655
up €85,655 (+94.1%), from €91,047 to €176,701
mainly Net result for the year (+€57,097) and Tax, wage and social debts (+€26,555)
- Receivables within one year +€9,666
up €9,666 (+790%), from €1,223 to €10,889
of which Other amounts receivable: +€9,485
- Tangible fixed assets -€6,204
down €6,204 (-25.2%), from €24,586 to €18,383
of which Furniture and vehicles: -€5,153
- Profit (loss) carried forward +€57,097
up €57,097 (+722%), from €7,911 to €65,008
- Tax, wage and social debts +€26,555
up €26,555 (+40.3%), from €65,931 to €92,486
of which Remuneration and social security: +€19,315
- Trade debts +€15,861
up €15,861 (+200%), from €7,928 to €23,789
- Debts after one year -€8,861
no longer reported in 2025 (was €8,861)
- Gross operating margin +€13,872
up €13,872 (+9.9%), from €140,616 to €154,488
- Depreciation -€11,338
down €11,338 (-53.1%), from €21,341 to €10,004
- Staff costs +€5,150
up €5,150 (+8.2%), from €62,435 to €67,586
- Taxes +€3,891
up €3,891 (+36.0%), from €10,806 to €14,697
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 | €124,861 | €215,464 | +€90,603 | +72.6% |
| Fixed assets | 21/28 | €28,286 | €23,333 | -€4,954 | -17.5% |
| Tangible fixed assets | 22/27 | €24,586 | €18,383 | -€6,204 | -25.2% |
| Plant, machinery and equipment | 23 | €3,852 | €3,302 | -€550 | -14.3% |
| Furniture and vehicles | 24 | €20,234 | €15,081 | -€5,153 | -25.5% |
| Other tangible fixed assets | 26 | €500 | - | -€500 | |
| Financial fixed assets | 28 | €3,700 | €4,950 | +€1,250 | +33.8% |
| Current assets | 29/58 | €96,574 | €192,131 | +€95,557 | +98.9% |
| Stocks and contracts in progress | 3 | €4,305 | €4,305 | = | 0.0% |
| Stocks | 30/36 | €4,305 | €4,305 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,223 | €10,889 | +€9,666 | +790% |
| Trade receivables | 40 | - | €181 | +€181 | |
| Other amounts receivable | 41 | €1,223 | €10,708 | +€9,485 | +776% |
| Cash at bank and in hand | 54/58 | €91,047 | €176,701 | +€85,655 | +94.1% |
| Deferred charges and accrued income | 490/1 | - | €236 | +€236 | |
| Total equity and liabilities | 10/49 | €124,861 | €215,464 | +€90,603 | +72.6% |
| Equity | 10/15 | €26,411 | €83,508 | +€57,097 | +216% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,911 | €65,008 | +€57,097 | +722% |
| Amounts payable | 17/49 | €98,449 | €131,956 | +€33,507 | +34.0% |
| Amounts payable after more than one year | 17 | €8,861 | - | -€8,861 | |
| Financial debts | 170/4 | €8,861 | - | -€8,861 | |
| Amounts payable within one year | 42/48 | €89,589 | €131,956 | +€42,367 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €15,730 | €15,211 | -€519 | -3.3% |
| Trade debts | 44 | €7,928 | €23,789 | +€15,861 | +200% |
| Suppliers | 440/4 | €7,928 | €23,789 | +€15,861 | +200% |
| Taxes, remuneration and social security | 45 | €65,931 | €92,486 | +€26,555 | +40.3% |
| Taxes | 450/3 | €23,345 | €30,584 | +€7,240 | +31.0% |
| Remuneration and social security | 454/9 | €42,586 | €61,902 | +€19,315 | +45.4% |
| Other amounts payable | 47/48 | - | €470 | +€470 | |
| Non-recurring operating income | 76A | €2,750 | - | -€2,750 | |
| Remuneration, social security and pensions | 62 | €62,435 | €67,586 | +€5,150 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,341 | €10,004 | -€11,338 | -53.1% |
| Other operating charges | 640/8 | €3,830 | €3,806 | -€23 | -0.6% |
| Gross operating margin | 9900 | €140,616 | €154,488 | +€13,872 | +9.9% |
| Operating profit (loss) | 9901 | €53,009 | €73,092 | +€20,083 | +37.9% |
| Financial income | 75/76B | €3 | €1 | -€2 | -72.4% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -72.4% |
| Financial charges | 65/66B | €82 | €1,299 | +€1,217 | +1,485% |
| Recurring financial charges | 65 | €82 | €1,299 | +€1,217 | +1,485% |
| Profit (loss) for the period before taxes | 9903 | €52,930 | €71,794 | +€18,863 | +35.6% |
| Income taxes | 67/77 | €10,806 | €14,697 | +€3,891 | +36.0% |
| Profit (loss) for the period | 9904 | €42,125 | €57,097 | +€14,972 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,125 | €57,097 | +€14,972 | +35.5% |
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 24 October 2026 via checked.be.