PITZ-IJS: 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.
PITZ-IJS
Largest movements
- Receivables within one year -€73,975
down €73,975 (-77.4%), from €95,614 to €21,639
of which Trade receivables: -€67,230
- Other debts -€87,584
down €87,584 (-16.4%), from €535,650 to €448,066
- Reserves +€49,364
up €49,364 (+57.7%), from €85,560 to €134,924
of which Distributable reserves: +€49,364
- Debts after one year -€36,886
down €36,886 (-12.0%), from €306,341 to €269,455
- Current portion of long-term debt +€20,214
up €20,214 (+35.4%), from €57,097 to €77,311
- Depreciation +€51,573
up €51,573 (+50.6%), from €101,990 to €153,563
- Gross operating margin +€47,652
up €47,652 (+14.8%), from €321,001 to €368,653
- Financial charges +€6,762
up €6,762 (+58.9%), from €11,483 to €18,245
- Taxes +€6,191
up €6,191 (+48.7%), from €12,708 to €18,899
- Staff costs +€4,418
up €4,418 (+3.8%), from €116,557 to €120,975
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 | €1,032,377 | €982,086 | -€50,291 | -4.9% |
| Fixed assets | 21/28 | €756,104 | €763,910 | +€7,806 | +1.0% |
| Intangible fixed assets | 21 | €4,358 | €2,720 | -€1,638 | -37.6% |
| Tangible fixed assets | 22/27 | €751,746 | €761,190 | +€9,444 | +1.3% |
| Land and buildings | 22 | €501,709 | €497,057 | -€4,652 | -0.9% |
| Plant, machinery and equipment | 23 | €112,179 | €125,370 | +€13,190 | +11.8% |
| Furniture and vehicles | 24 | €95,906 | €103,989 | +€8,084 | +8.4% |
| Other tangible fixed assets | 26 | €41,952 | €34,774 | -€7,178 | -17.1% |
| Current assets | 29/58 | €276,273 | €218,176 | -€58,097 | -21.0% |
| Stocks and contracts in progress | 3 | €49,986 | €57,605 | +€7,619 | +15.2% |
| Stocks | 30/36 | €49,986 | €57,605 | +€7,619 | +15.2% |
| Amounts receivable within one year | 40/41 | €95,614 | €21,639 | -€73,975 | -77.4% |
| Trade receivables | 40 | €70,286 | €3,056 | -€67,230 | -95.7% |
| Other amounts receivable | 41 | €25,328 | €18,582 | -€6,746 | -26.6% |
| Cash at bank and in hand | 54/58 | €123,355 | €129,648 | +€6,292 | +5.1% |
| Deferred charges and accrued income | 490/1 | €7,317 | €9,285 | +€1,967 | +26.9% |
| Total equity and liabilities | 10/49 | €1,032,377 | €982,086 | -€50,291 | -4.9% |
| Equity | 10/15 | €104,160 | €153,524 | +€49,364 | +47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,560 | €134,924 | +€49,364 | +57.7% |
| Tax-exempt reserves | 132 | €312 | €312 | = | 0.0% |
| Distributable reserves | 133 | €85,248 | €134,612 | +€49,364 | +57.9% |
| Amounts payable | 17/49 | €928,217 | €828,562 | -€99,655 | -10.7% |
| Amounts payable after more than one year | 17 | €306,341 | €269,455 | -€36,886 | -12.0% |
| Financial debts | 170/4 | €306,341 | €269,455 | -€36,886 | -12.0% |
| Amounts payable within one year | 42/48 | €621,866 | €557,757 | -€64,109 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €57,097 | €77,311 | +€20,214 | +35.4% |
| Trade debts | 44 | €17,042 | €23,213 | +€6,172 | +36.2% |
| Suppliers | 440/4 | €17,042 | €23,213 | +€6,172 | +36.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €12,077 | €9,167 | -€2,911 | -24.1% |
| Taxes | 450/3 | €7,875 | €5,452 | -€2,423 | -30.8% |
| Remuneration and social security | 454/9 | €4,202 | €3,715 | -€487 | -11.6% |
| Other amounts payable | 47/48 | €535,650 | €448,066 | -€87,584 | -16.4% |
| Accrued charges and deferred income | 492/3 | €10 | €1,350 | +€1,340 | +13,992% |
| Non-recurring operating income | 76A | €200 | €200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €116,557 | €120,975 | +€4,418 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,990 | €153,563 | +€51,573 | +50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€8 | €0 | +€8 | |
| Other operating charges | 640/8 | €9,153 | €7,640 | -€1,513 | -16.5% |
| Gross operating margin | 9900 | €321,001 | €368,653 | +€47,652 | +14.8% |
| Operating profit (loss) | 9901 | €93,309 | €86,475 | -€6,834 | -7.3% |
| Financial income | 75/76B | €399 | €33 | -€367 | -91.8% |
| Recurring financial income | 75 | €399 | €33 | -€367 | -91.8% |
| Financial charges | 65/66B | €11,483 | €18,245 | +€6,762 | +58.9% |
| Recurring financial charges | 65 | €11,483 | €18,245 | +€6,762 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €82,225 | €68,263 | -€13,962 | -17.0% |
| Income taxes | 67/77 | €12,708 | €18,899 | +€6,191 | +48.7% |
| Profit (loss) for the period | 9904 | €69,517 | €49,364 | -€20,153 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,517 | €49,364 | -€20,153 | -29.0% |
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.