REMEMBER PIT: 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.
REMEMBER PIT
Largest movements
- Cash -€26,773
down €26,773 (-60.3%), from €44,412 to €17,639
mainly Net result for the year (-€25,793) and Current portion of long-term debt (-€14,378)
- Tangible fixed assets -€16,055
down €16,055 (-30.3%), from €52,911 to €36,857
of which Furniture and vehicles: -€9,073
- Receivables within one year +€11,972
new in 2025: €11,972
of which Other amounts receivable: +€9,305
- Deferred charges and accrued income +€2,855
up €2,855 (+7348.1%), from €39 to €2,894
- Stocks and contracts +€2,233
up €2,233 (+45.7%), from €4,884 to €7,117
- Profit (loss) carried forward -€25,793
down €25,793 (-73.3%), from -€35,199 to -€60,992
- Current portion of long-term debt -€14,378
down €14,378 (-85.9%), from €16,742 to €2,364
- Tax, wage and social debts +€8,234
up €8,234 (+16.9%), from €48,621 to €56,854
of which Remuneration and social security: +€4,538
- Other debts +€5,145
up €5,145 (+65.3%), from €7,873 to €13,018
- Trade debts +€3,345
up €3,345 (+11.4%), from €29,355 to €32,700
- Staff costs +€18,384
up €18,384 (+7.3%), from €253,384 to €271,768
- Gross operating margin -€15,272
down €15,272 (-5.0%), from €305,733 to €290,461
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 | €102,712 | €76,944 | -€25,768 | -25.1% |
| Fixed assets | 21/28 | €53,377 | €37,323 | -€16,055 | -30.1% |
| Tangible fixed assets | 22/27 | €52,911 | €36,857 | -€16,055 | -30.3% |
| Land and buildings | 22 | €503 | €251 | -€251 | -50.0% |
| Plant, machinery and equipment | 23 | €7,761 | €6,135 | -€1,626 | -21.0% |
| Furniture and vehicles | 24 | €26,096 | €17,023 | -€9,073 | -34.8% |
| Other tangible fixed assets | 26 | €18,551 | €13,447 | -€5,103 | -27.5% |
| Financial fixed assets | 28 | €466 | €466 | = | 0.0% |
| Current assets | 29/58 | €49,335 | €39,621 | -€9,713 | -19.7% |
| Stocks and contracts in progress | 3 | €4,884 | €7,117 | +€2,233 | +45.7% |
| Stocks | 30/36 | €4,884 | €7,117 | +€2,233 | +45.7% |
| Amounts receivable within one year | 40/41 | - | €11,972 | +€11,972 | |
| Trade receivables | 40 | - | €2,666 | +€2,666 | |
| Other amounts receivable | 41 | - | €9,305 | +€9,305 | |
| Cash at bank and in hand | 54/58 | €44,412 | €17,639 | -€26,773 | -60.3% |
| Deferred charges and accrued income | 490/1 | €39 | €2,894 | +€2,855 | +7348.1% |
| Total equity and liabilities | 10/49 | €102,712 | €76,944 | -€25,768 | -25.1% |
| Equity | 10/15 | -€2,199 | -€27,992 | -€25,793 | -1173.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,199 | -€60,992 | -€25,793 | -73.3% |
| Amounts payable | 17/49 | €104,911 | €104,936 | +€25 | 0.0% |
| Amounts payable within one year | 42/48 | €104,911 | €104,936 | +€25 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €16,742 | €2,364 | -€14,378 | -85.9% |
| Trade debts | 44 | €29,355 | €32,700 | +€3,345 | +11.4% |
| Suppliers | 440/4 | €29,355 | €32,700 | +€3,345 | +11.4% |
| Advances received on contracts in progress | 46 | €2,320 | - | -€2,320 | |
| Taxes, remuneration and social security | 45 | €48,621 | €56,854 | +€8,234 | +16.9% |
| Taxes | 450/3 | €11,637 | €15,333 | +€3,696 | +31.8% |
| Remuneration and social security | 454/9 | €36,984 | €41,522 | +€4,538 | +12.3% |
| Other amounts payable | 47/48 | €7,873 | €13,018 | +€5,145 | +65.3% |
| Remuneration, social security and pensions | 62 | €253,384 | €271,768 | +€18,384 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,878 | €19,555 | -€324 | -1.6% |
| Other operating charges | 640/8 | €2,436 | €1,969 | -€467 | -19.2% |
| Non-recurring operating charges | 66A | - | €18,894 | +€18,894 | |
| Gross operating margin | 9900 | €305,733 | €290,461 | -€15,272 | -5.0% |
| Operating profit (loss) | 9901 | €30,034 | -€21,725 | -€51,759 | |
| Financial income | 75/76B | €421 | €1,574 | +€1,153 | +273.5% |
| Recurring financial income | 75 | €421 | €1,574 | +€1,153 | +273.5% |
| Financial charges | 65/66B | €6,917 | €5,397 | -€1,519 | -22.0% |
| Recurring financial charges | 65 | €6,917 | €5,397 | -€1,519 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €23,539 | -€25,549 | -€49,087 | |
| Income taxes | 67/77 | €7 | €245 | +€237 | +3233.8% |
| Profit (loss) for the period | 9904 | €23,531 | -€25,793 | -€49,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,531 | -€25,793 | -€49,325 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.