PITO: what changed
What changed
PITO
filed annual accounts (NBB)
Net result for the year
€110,601
2024 · €109,386+€1,215
Equity
€870,808
2024 · €760,206+€110,601
Cash
€773,285
2024 · €667,137+€106,148
Balance sheet total
€891,613
2024 · €784,313+€107,300
Largest movements
Assets
- Cash +€106,148
up €106,148 (+15.9%), from €667,137 to €773,285
mainly Net result for the year (+€110,601) and Smaller working-capital items (+€41)
Equity and liabilities
- Profit (loss) carried forward +€110,601
up €110,601 (+16.0%), from €692,006 to €802,608
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€109,386
Gross operating margin
+€487
Other operating charges
-€482
Financial charges
-€2
Taxes
+€1,212
Result 2025
€110,601
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€106,148
Investment
€0
Financing
€0
Cash 2024
€667,137
From operations (derived)
+€106,148
Net result for the year
+€110,601
Receivables within one year
-€1,126
Smaller working-capital items
+€41
Trade debts
-€282
Tax, wage and social debts
-€3,086
Cash 2025
€773,285
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €784,313 | €891,613 | +€107,300 | +13.7% |
| Fixed assets | 21/28 | €114,105 | €114,105 | = | 0.0% |
| Tangible fixed assets | 22/27 | €114,105 | €114,105 | = | 0.0% |
| Land and buildings | 22 | €114,105 | €114,105 | = | 0.0% |
| Current assets | 29/58 | €670,209 | €777,509 | +€107,300 | +16.0% |
| Amounts receivable within one year | 40/41 | - | €1,126 | +€1,126 | |
| Other amounts receivable | 41 | - | €1,126 | +€1,126 | |
| Cash at bank and in hand | 54/58 | €667,137 | €773,285 | +€106,148 | +15.9% |
| Deferred charges and accrued income | 490/1 | €3,072 | €3,098 | +€26 | +0.9% |
| Total equity and liabilities | 10/49 | €784,313 | €891,613 | +€107,300 | +13.7% |
| Equity | 10/15 | €760,206 | €870,808 | +€110,601 | +14.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €692,006 | €802,608 | +€110,601 | +16.0% |
| Provisions and deferred taxes | 16 | €20,500 | €20,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,500 | €20,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,500 | €20,500 | = | 0.0% |
| Amounts payable | 17/49 | €3,607 | €306 | -€3,301 | -91.5% |
| Amounts payable within one year | 42/48 | €3,607 | €306 | -€3,301 | -91.5% |
| Trade debts | 44 | €521 | €239 | -€282 | -54.2% |
| Suppliers | 440/4 | €521 | €239 | -€282 | -54.2% |
| Taxes, remuneration and social security | 45 | €3,086 | - | -€3,086 | |
| Taxes | 450/3 | €3,086 | - | -€3,086 | |
| Other amounts payable | 47/48 | - | €67 | +€67 | |
| Non-recurring operating income | 76A | €72 | - | -€72 | |
| Other operating charges | 640/8 | €15,354 | €15,836 | +€482 | +3.1% |
| Gross operating margin | 9900 | €162,870 | €163,356 | +€487 | +0.3% |
| Operating profit (loss) | 9901 | €147,516 | €147,520 | +€5 | 0.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €147,472 | €147,475 | +€3 | 0.0% |
| Income taxes | 67/77 | €38,086 | €36,874 | -€1,212 | -3.2% |
| Profit (loss) for the period | 9904 | €109,386 | €110,601 | +€1,215 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,386 | €110,601 | +€1,215 | +1.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.