PITUFAB: what changed
Two fiscal 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.
PITUFAB
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€99,660
up €99,660 (+311.9%), from €31,954 to €131,613
of which Other amounts receivable: +€78,703
- Cash -€91,064
down €91,064 (-29.1%), from €313,047 to €221,983
mainly Receivables within one year (-€99,660) and Net result for the year (-€56,862)
- Tangible fixed assets -€9,581
down €9,581 (-22.1%), from €43,444 to €33,863
of which Furniture and vehicles: -€7,604
- Profit (loss) carried forward -€56,862
down €56,862, from €790 to -€56,072
- Trade debts -€49,109
down €49,109 (-20.4%), from €241,209 to €192,100
- Tax, wage and social debts -€27,301
down €27,301 (-30.3%), from €89,990 to €62,689
of which Remuneration and social security: -€17,142
- Other debts -€7,954
no longer reported in 2025 (was €7,954)
- Gross operating margin -€324,291
down €324,291 (-35.6%), from €910,994 to €586,703
- Staff costs -€263,325
down €263,325 (-29.5%), from €893,927 to €630,602
- Financial income -€18,929
down €18,929 (-71.5%), from €26,464 to €7,535
- Taxes -€9,404
down €9,404 (-88.0%), from €10,688 to €1,283
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.
Cash bridge derived
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 | €602,543 | €461,316 | -€141,227 | -23.4% |
| Fixed assets | 21/28 | €83,444 | €73,863 | -€9,581 | -11.5% |
| Tangible fixed assets | 22/27 | €43,444 | €33,863 | -€9,581 | -22.1% |
| Plant, machinery and equipment | 23 | €8,097 | €6,120 | -€1,977 | -24.4% |
| Furniture and vehicles | 24 | €35,347 | €27,743 | -€7,604 | -21.5% |
| Financial fixed assets | 28 | €40,000 | €40,000 | = | 0.0% |
| Current assets | 29/58 | €519,099 | €387,453 | -€131,646 | -25.4% |
| Stocks and contracts in progress | 3 | €23,232 | €28,810 | +€5,578 | +24.0% |
| Stocks | 30/36 | €23,232 | €28,810 | +€5,578 | +24.0% |
| Amounts receivable within one year | 40/41 | €31,954 | €131,613 | +€99,660 | +311.9% |
| Trade receivables | 40 | - | €20,957 | +€20,957 | |
| Other amounts receivable | 41 | €31,954 | €110,656 | +€78,703 | +246.3% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €313,047 | €221,983 | -€91,064 | -29.1% |
| Deferred charges and accrued income | 490/1 | €867 | €5,048 | +€4,180 | +482.1% |
| Total equity and liabilities | 10/49 | €602,543 | €461,316 | -€141,227 | -23.4% |
| Equity | 10/15 | €263,389 | €206,527 | -€56,862 | -21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,000 | €244,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €242,140 | €242,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €790 | -€56,072 | -€56,862 | |
| Amounts payable | 17/49 | €339,154 | €254,789 | -€84,364 | -24.9% |
| Amounts payable within one year | 42/48 | €339,154 | €254,789 | -€84,364 | -24.9% |
| Trade debts | 44 | €241,209 | €192,100 | -€49,109 | -20.4% |
| Suppliers | 440/4 | €241,209 | €192,100 | -€49,109 | -20.4% |
| Taxes, remuneration and social security | 45 | €89,990 | €62,689 | -€27,301 | -30.3% |
| Taxes | 450/3 | €10,545 | €386 | -€10,159 | -96.3% |
| Remuneration and social security | 454/9 | €79,445 | €62,304 | -€17,142 | -21.6% |
| Other amounts payable | 47/48 | €7,954 | - | -€7,954 | |
| Non-recurring operating income | 76A | €939 | €8,086 | +€7,147 | +760.9% |
| Remuneration, social security and pensions | 62 | €893,927 | €630,602 | -€263,325 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,678 | €10,388 | +€3,710 | +55.6% |
| Other operating charges | 640/8 | €2,447 | €2,065 | -€382 | -15.6% |
| Non-recurring operating charges | 66A | €2,698 | - | -€2,698 | |
| Gross operating margin | 9900 | €910,994 | €586,703 | -€324,291 | -35.6% |
| Operating profit (loss) | 9901 | €5,244 | -€56,352 | -€61,596 | |
| Financial income | 75/76B | €26,464 | €7,535 | -€18,929 | -71.5% |
| Recurring financial income | 75 | €26,464 | €7,535 | -€18,929 | -71.5% |
| Financial charges | 65/66B | €4,357 | €6,762 | +€2,405 | +55.2% |
| Recurring financial charges | 65 | €4,357 | €6,762 | +€2,405 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €27,351 | -€55,579 | -€82,930 | |
| Income taxes | 67/77 | €10,688 | €1,283 | -€9,404 | -88.0% |
| Profit (loss) for the period | 9904 | €16,663 | -€56,862 | -€73,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,663 | -€56,862 | -€73,525 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.