Project PIT: 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.
Project PIT
Largest movements
- Cash +€52,935
up €52,935 (+166.6%), from €31,771 to €84,707
mainly Net result for the year (+€50,769) and Tax, wage and social debts (+€14,820)
- Receivables within one year +€8,091
up €8,091 (+36.1%), from €22,406 to €30,496
- Tangible fixed assets +€6,204
up €6,204 (+204.4%), from €3,036 to €9,239
- Profit (loss) carried forward +€50,769
up €50,769 (+256.5%), from €19,793 to €70,562
- Tax, wage and social debts +€14,820
up €14,820 (+54.2%), from €27,320 to €42,140
of which Taxes: +€15,770
- Trade debts +€6,987
up €6,987 (+304.9%), from €2,292 to €9,278
- Other debts -€4,551
down €4,551 (-75.2%), from €6,050 to €1,499
- Gross operating margin +€41,970
up €41,970 (+160.1%), from €26,212 to €68,182
- Taxes +€8,368
up €8,368 (+153.4%), from €5,454 to €13,823
- Financial charges +€1,441
up €1,441 (+164.9%), from €874 to €2,314
- Depreciation +€1,076
up €1,076 (+3903.7%), from €28 to €1,103
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 | €58,454 | €126,729 | +€68,275 | +116.8% |
| Fixed assets | 21/28 | €3,036 | €9,239 | +€6,204 | +204.4% |
| Tangible fixed assets | 22/27 | €3,036 | €9,239 | +€6,204 | +204.4% |
| Plant, machinery and equipment | 23 | - | €1,779 | +€1,779 | |
| Furniture and vehicles | 24 | - | €1,672 | +€1,672 | |
| Other tangible fixed assets | 26 | €3,036 | €5,789 | +€2,754 | +90.7% |
| Current assets | 29/58 | €55,419 | €117,489 | +€62,071 | +112.0% |
| Amounts receivable within one year | 40/41 | €22,406 | €30,496 | +€8,091 | +36.1% |
| Trade receivables | 40 | €22,406 | €30,496 | +€8,091 | +36.1% |
| Cash at bank and in hand | 54/58 | €31,771 | €84,707 | +€52,935 | +166.6% |
| Deferred charges and accrued income | 490/1 | €1,242 | €2,287 | +€1,045 | +84.1% |
| Total equity and liabilities | 10/49 | €58,454 | €126,729 | +€68,275 | +116.8% |
| Equity | 10/15 | €22,793 | €73,562 | +€50,769 | +222.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,793 | €70,562 | +€50,769 | +256.5% |
| Amounts payable | 17/49 | €35,661 | €53,167 | +€17,506 | +49.1% |
| Amounts payable within one year | 42/48 | €35,661 | €52,917 | +€17,256 | +48.4% |
| Trade debts | 44 | €2,292 | €9,278 | +€6,987 | +304.9% |
| Suppliers | 440/4 | €2,292 | €9,278 | +€6,987 | +304.9% |
| Taxes, remuneration and social security | 45 | €27,320 | €42,140 | +€14,820 | +54.2% |
| Taxes | 450/3 | €21,665 | €37,435 | +€15,770 | +72.8% |
| Remuneration and social security | 454/9 | €5,655 | €4,705 | -€950 | -16.8% |
| Other amounts payable | 47/48 | €6,050 | €1,499 | -€4,551 | -75.2% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28 | €1,103 | +€1,076 | +3903.7% |
| Other operating charges | 640/8 | €63 | €181 | +€118 | +186.8% |
| Gross operating margin | 9900 | €26,212 | €68,182 | +€41,970 | +160.1% |
| Operating profit (loss) | 9901 | €26,121 | €66,897 | +€40,777 | +156.1% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €874 | €2,314 | +€1,441 | +164.9% |
| Recurring financial charges | 65 | €874 | €2,314 | +€1,441 | +164.9% |
| Profit (loss) for the period before taxes | 9903 | €25,247 | €64,591 | +€39,344 | +155.8% |
| Income taxes | 67/77 | €5,454 | €13,823 | +€8,368 | +153.4% |
| Profit (loss) for the period | 9904 | €19,793 | €50,769 | +€30,975 | +156.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,793 | €50,769 | +€30,975 | +156.5% |
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 11 October 2026 via checked.be.