PITTS: 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.
PITTS
Largest movements
- Receivables within one year +€38,072
up €38,072 (+48.0%), from €79,336 to €117,409
of which Other amounts receivable: +€21,427
- Intangible fixed assets +€33,953
up €33,953, from €0 to €33,953
- Cash -€24,713
down €24,713 (-16.7%), from €147,714 to €123,001
mainly Investment in fixed assets (net) (-€62,819) and Receivables within one year (-€38,072)
- Tangible fixed assets +€17,859
up €17,859 (+279%), from €6,406 to €24,265
of which Furniture and vehicles: +€17,859
- Accrued charges and deferred income +€60,933
new in 2025: €60,933
- Trade debts -€30,375
down €30,375 (-73.8%), from €41,155 to €10,779
- Reserves +€27,597
up €27,597 (+20.0%), from €137,993 to €165,591
- Debts after one year +€14,727
new in 2025: €14,727
- Tax, wage and social debts -€11,968
down €11,968 (-24.3%), from €49,308 to €37,340
of which Taxes: -€13,399
- Gross operating margin +€85,241
up €85,241 (+168%), from €50,711 to €135,952
- Staff costs +€44,487
up €44,487 (+110%), from €40,302 to €84,789
- Depreciation +€9,502
up €9,502 (+631%), from €1,505 to €11,007
- Taxes +€7,875
up €7,875 (+333%), from €2,365 to €10,240
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 | €248,456 | €313,627 | +€65,172 | +26.2% |
| Fixed assets | 21/28 | €6,406 | €58,218 | +€51,812 | +809% |
| Intangible fixed assets | 21 | €0 | €33,953 | +€33,953 | |
| Tangible fixed assets | 22/27 | €6,406 | €24,265 | +€17,859 | +279% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €6,406 | €24,265 | +€17,859 | +279% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €242,050 | €255,410 | +€13,360 | +5.5% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €79,336 | €117,409 | +€38,072 | +48.0% |
| Trade receivables | 40 | €15,788 | €32,434 | +€16,645 | +105% |
| Other amounts receivable | 41 | €63,548 | €84,975 | +€21,427 | +33.7% |
| Cash at bank and in hand | 54/58 | €147,714 | €123,001 | -€24,713 | -16.7% |
| Total equity and liabilities | 10/49 | €248,456 | €313,627 | +€65,172 | +26.2% |
| Equity | 10/15 | €157,993 | €185,591 | +€27,597 | +17.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €137,993 | €165,591 | +€27,597 | +20.0% |
| Distributable reserves | 133 | €137,993 | €165,591 | +€27,597 | +20.0% |
| Amounts payable | 17/49 | €90,462 | €128,037 | +€37,574 | +41.5% |
| Amounts payable after more than one year | 17 | - | €14,727 | +€14,727 | |
| Financial debts | 170/4 | - | €14,727 | +€14,727 | |
| Amounts payable within one year | 42/48 | €90,462 | €52,377 | -€38,085 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,258 | +€4,258 | |
| Trade debts | 44 | €41,155 | €10,779 | -€30,375 | -73.8% |
| Suppliers | 440/4 | €41,155 | €10,779 | -€30,375 | -73.8% |
| Taxes, remuneration and social security | 45 | €49,308 | €37,340 | -€11,968 | -24.3% |
| Taxes | 450/3 | €40,438 | €27,039 | -€13,399 | -33.1% |
| Remuneration and social security | 454/9 | €8,870 | €10,301 | +€1,431 | +16.1% |
| Accrued charges and deferred income | 492/3 | - | €60,933 | +€60,933 | |
| Remuneration, social security and pensions | 62 | €40,302 | €84,789 | +€44,487 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,505 | €11,007 | +€9,502 | +631% |
| Other operating charges | 640/8 | €1,605 | €586 | -€1,019 | -63.5% |
| Gross operating margin | 9900 | €50,711 | €135,952 | +€85,241 | +168% |
| Operating profit (loss) | 9901 | €7,299 | €39,570 | +€32,271 | +442% |
| Financial income | 75/76B | €242 | €0 | -€242 | -100.0% |
| Recurring financial income | 75 | €242 | €0 | -€242 | -100.0% |
| Financial charges | 65/66B | €613 | €1,733 | +€1,119 | +183% |
| Recurring financial charges | 65 | €613 | €1,733 | +€1,119 | +183% |
| Profit (loss) for the period before taxes | 9903 | €6,928 | €37,837 | +€30,910 | +446% |
| Income taxes | 67/77 | €2,365 | €10,240 | +€7,875 | +333% |
| Profit (loss) for the period | 9904 | €4,563 | €27,597 | +€23,034 | +505% |
| Profit (loss) for the period to be appropriated | 9905 | €4,563 | €27,597 | +€23,034 | +505% |
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 16 October 2026 via checked.be.