PITTEMNAERKE: what changed
PITTEMNAERKE
Largest movements
- Receivables within one year +€83,811
up €83,811 (+44,342%), from €189 to €84,000
of which Other amounts receivable: +€83,018
- Cash -€53,309
down €53,309 (-83.3%), from €64,033 to €10,724
mainly Receivables within one year (-€83,811) and Stocks and contracts (-€20,850)
- Stocks and contracts +€20,850
up €20,850 (+135%), from €15,400 to €36,250
- Tangible fixed assets +€2,206
up €2,206 (+8.3%), from €26,645 to €28,851
of which Land and buildings: +€6,445
- Other debts +€22,055
up €22,055 (+121%), from €18,289 to €40,344
- Accrued charges and deferred income +€16,737
up €16,737 (+782%), from €2,141 to €18,878
- Reserves +€10,030
up €10,030 (+16.5%), from €60,706 to €70,735
- Trade debts +€7,030
up €7,030 (+109%), from €6,430 to €13,460
- Gross operating margin -€32,526
down €32,526 (-48.5%), from €67,082 to €34,556
- Taxes -€8,545
down €8,545 (-66.8%), from €12,783 to €4,238
- Depreciation -€979
down €979 (-7.4%), from €13,210 to €12,231
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,998 | €161,226 | +€54,228 | +50.7% |
| Fixed assets | 21/28 | €26,645 | €28,851 | +€2,206 | +8.3% |
| Tangible fixed assets | 22/27 | €26,645 | €28,851 | +€2,206 | +8.3% |
| Land and buildings | 22 | €8,640 | €15,085 | +€6,445 | +74.6% |
| Plant, machinery and equipment | 23 | €16,393 | €6,822 | -€9,571 | -58.4% |
| Furniture and vehicles | 24 | €1,612 | €6,944 | +€5,331 | +331% |
| Current assets | 29/58 | €80,353 | €132,375 | +€52,022 | +64.7% |
| Stocks and contracts in progress | 3 | €15,400 | €36,250 | +€20,850 | +135% |
| Stocks | 30/36 | €15,400 | €36,250 | +€20,850 | +135% |
| Amounts receivable within one year | 40/41 | €189 | €84,000 | +€83,811 | +44,342% |
| Trade receivables | 40 | €0 | €793 | +€793 | |
| Other amounts receivable | 41 | €189 | €83,207 | +€83,018 | +43,923% |
| Cash at bank and in hand | 54/58 | €64,033 | €10,724 | -€53,309 | -83.3% |
| Deferred charges and accrued income | 490/1 | €731 | €1,401 | +€671 | +91.8% |
| Total equity and liabilities | 10/49 | €106,998 | €161,226 | +€54,228 | +50.7% |
| Equity | 10/15 | €70,706 | €80,735 | +€10,030 | +14.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €60,706 | €70,735 | +€10,030 | +16.5% |
| Distributable reserves | 133 | €60,706 | €70,735 | +€10,030 | +16.5% |
| Amounts payable | 17/49 | €36,292 | €80,490 | +€44,198 | +122% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,151 | €61,612 | +€27,461 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | €568 | €0 | -€568 | -100% |
| Trade debts | 44 | €6,430 | €13,460 | +€7,030 | +109% |
| Suppliers | 440/4 | €6,430 | €13,460 | +€7,030 | +109% |
| Taxes, remuneration and social security | 45 | €8,864 | €7,807 | -€1,057 | -11.9% |
| Taxes | 450/3 | €8,864 | €7,807 | -€1,057 | -11.9% |
| Other amounts payable | 47/48 | €18,289 | €40,344 | +€22,055 | +121% |
| Accrued charges and deferred income | 492/3 | €2,141 | €18,878 | +€16,737 | +782% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,210 | €12,231 | -€979 | -7.4% |
| Other operating charges | 640/8 | €2,608 | €2,408 | -€200 | -7.7% |
| Gross operating margin | 9900 | €67,082 | €34,556 | -€32,526 | -48.5% |
| Operating profit (loss) | 9901 | €51,264 | €19,917 | -€31,347 | -61.1% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €5,351 | €5,660 | +€310 | +5.8% |
| Recurring financial charges | 65 | €5,351 | €5,660 | +€310 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €45,914 | €14,268 | -€31,646 | -68.9% |
| Income taxes | 67/77 | €12,783 | €4,238 | -€8,545 | -66.8% |
| Profit (loss) for the period | 9904 | €33,131 | €10,030 | -€23,101 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,131 | €10,030 | -€23,101 | -69.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.