PITUFAB: what changed
PITUFAB
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€99,660
up €99,660 (+312%), 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
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.
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.
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 | +312% |
| Trade receivables | 40 | - | €20,957 | +€20,957 | |
| Other amounts receivable | 41 | €31,954 | €110,656 | +€78,703 | +246% |
| 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% |
| 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 | +761% |
| 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 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.