PITTWAY: 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.
PITTWAY
Largest movements
- Receivables within one year +€497,348
up €497,348 (+9.3%), from €5.4m to €5.9m
of which Other amounts receivable: +€916,816
- Profit (loss) carried forward +€589,351
up €589,351 (+14.6%), from €4.0m to €4.6m
- Trade debts -€177,528
down €177,528 (-61.6%), from €288,390 to €110,863
- Staff costs +€425,473
up €425,473 (+22.3%), from €1.9m to €2.3m
- Gross operating margin +€424,147
up €424,147 (+16.9%), from €2.5m to €2.9m
- Financial income -€32,541
down €32,541 (-12.9%), from €251,665 to €219,125
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,387,941 | €5,860,789 | +€472,848 | +8.8% |
| Current assets | 29/58 | €5,387,941 | €5,860,789 | +€472,848 | +8.8% |
| Amounts receivable within one year | 40/41 | €5,363,441 | €5,860,789 | +€497,348 | +9.3% |
| Trade receivables | 40 | €1,209,427 | €789,958 | -€419,468 | -34.7% |
| Other amounts receivable | 41 | €4,154,015 | €5,070,831 | +€916,816 | +22.1% |
| Deferred charges and accrued income | 490/1 | €24,500 | €0 | -€24,500 | -100% |
| Total equity and liabilities | 10/49 | €5,387,941 | €5,860,789 | +€472,848 | +8.8% |
| Equity | 10/15 | €4,393,101 | €4,982,452 | +€589,351 | +13.4% |
| Contributions | 10/11 | €93,035 | €93,035 | = | 0.0% |
| Reserves | 13 | €262,004 | €262,004 | = | 0.0% |
| Tax-exempt reserves | 132 | €252,701 | €252,701 | = | 0.0% |
| Distributable reserves | 133 | €9,304 | €9,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,038,062 | €4,627,412 | +€589,351 | +14.6% |
| Provisions and deferred taxes | 16 | €34 | €34 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34 | €34 | = | 0.0% |
| Other liabilities and charges | 164/5 | €34 | €34 | = | 0.0% |
| Amounts payable | 17/49 | €994,806 | €878,303 | -€116,503 | -11.7% |
| Amounts payable within one year | 42/48 | €994,806 | €874,868 | -€119,938 | -12.1% |
| Trade debts | 44 | €288,390 | €110,863 | -€177,528 | -61.6% |
| Suppliers | 440/4 | €288,390 | €110,863 | -€177,528 | -61.6% |
| Taxes, remuneration and social security | 45 | €706,416 | €764,005 | +€57,590 | +8.2% |
| Taxes | 450/3 | €313,095 | €335,103 | +€22,008 | +7.0% |
| Remuneration and social security | 454/9 | €393,320 | €428,902 | +€35,582 | +9.0% |
| Accrued charges and deferred income | 492/3 | - | €3,435 | +€3,435 | |
| Remuneration, social security and pensions | 62 | €1,905,525 | €2,330,998 | +€425,473 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €210 | €183 | -€27 | -12.9% |
| Gross operating margin | 9900 | €2,517,022 | €2,941,169 | +€424,147 | +16.9% |
| Operating profit (loss) | 9901 | €611,287 | €609,988 | -€1,299 | -0.2% |
| Financial income | 75/76B | €251,665 | €219,125 | -€32,541 | -12.9% |
| Recurring financial income | 75 | €251,665 | €219,125 | -€32,541 | -12.9% |
| Financial charges | 65/66B | €3,047 | €1,748 | -€1,299 | -42.6% |
| Recurring financial charges | 65 | €3,047 | €1,748 | -€1,299 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €859,905 | €827,364 | -€32,541 | -3.8% |
| Income taxes | 67/77 | €251,647 | €238,014 | -€13,633 | -5.4% |
| Profit (loss) for the period | 9904 | €608,258 | €589,351 | -€18,908 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €608,258 | €589,351 | -€18,908 | -3.1% |
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 20 October 2026 via checked.be.