PIFONI
InactiveFinancials · fiscal year 2022, full schema
Turnover
€105,966▼ 90.7%
2021 · €1.1m
EBIT margin
-198.7%▼ 2662.7pp
2021 · 2464.0%
Net result
-€882,345
2021 · €28.1m
Working capital
€20.2m▼ 36.5%
2021 · €31.8m
Trend over the years
2018 to 2022, 5 fiscal years
The operating result turns negative in 2022: a loss of €210,570 after €28.2m in 2021, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€0.1m
2022
Operating result-€0.2m
2022
Net result-€0.9m
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€34.0m
2022
Equity€26.5m
2022
Debt€7.5m
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€20.2m
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-198.7%
2022
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Turnover€1.1m€0.1m▼ 90.7%
Operating result-€0.005m--€0.007m▼ 31.3%€0.06m€28.2m▲ 46,937%-€0.2m
Net result-€0.005m--€0.06m▼ 1,004%€0.09m€28.1m▲ 31,858%-€0.9m
EBIT margin2464.0%-198.7%▼ 2662.7pp
Equity€2.0m-€3.9m▲ 94.9%€4.0m▲ 2.3%€32.1m▲ 708%€26.5m▼ 17.4%
Total assets€2.0m-€5.2m▲ 163%€5.3m▲ 1.7%€32.1m▲ 502%€34.0m▲ 5.8%
Debt€1.4m€1.4m▲ 0.2%€0.02m▼ 98.8%€7.5m▲ 45,413%
Working capital€0.2m€0.08m▼ 46.0%€31.8m▲ 38,359%€20.2m▼ 36.5%
Why a figure moved sharply
- 2021 Net result +31,858% on 2020. The accounts now follow the full schema, last year the abbreviated schema.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €34.0m
Fixed assets
€13.4m ▲ 4,532%
Current assets
€20.6m ▼ 35.4%
Equity and liabilities €34.0m
Equity
€26.5m ▼ 17.4%
Debt
€7.5m ▲ 45,413%
Debt's share of the balance-sheet total rises from 0.1% to 22.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€108,860
Cash flow
-€780,636
Current ratio
57.91
Debt to equity
0.28▲
2021 · 0.00
ROE
-3.3%▼
2021 · 87.6%
ROA
-2.6%▼
2021 · 87.6%
Interest coverage
-1.30
Debt ≤ 1 year
€355,298▲
2021 · €16,424
Debt > 1 year
€7.1m
Income taxes
€0▼
2021 · €8,089
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €29.2m | €0.1m | ▼ 99.6% |
| Turnover70 | - | - | - | €1.1m | €0.1m | ▼ 90.7% |
| Non-recurring operating income76A | - | - | - | €28.1m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | €1.0m | €0.3m | ▼ 69.6% |
| Services and other goods61 | - | - | - | €1.0m | €0.2m | ▼ 81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €0.1m | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.03m | ▲ 2,073% |
| Gross operating margin9900 | -€0.004m | -€0.006m | €0.06m | - | - | - |
| Operating profit (loss)9901 | -€0.005m | -€0.007m | €0.06m | €28.2m | -€0.2m | ▼ 101% |
| Financial income75/76B | - | - | - | €0.1m | €0.2m | ▲ 122% |
| Recurring financial income75 | - | - | €0.06m | €0.1m | €0.2m | ▲ 122% |
| Income from financial fixed assets750 | - | - | - | - | €0.2m | - |
| Income from current assets751 | - | - | - | - | €0.009m | - |
| Other financial income752/9 | - | - | - | €0.1m | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | - | €0.1m | €0.9m | ▲ 506% |
| Recurring financial charges65 | €91 | €0.05m | €0.03m | €0.1m | €0.9m | ▲ 506% |
| Debt charges650 | - | - | - | - | €0.08m | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.7m | - |
| Other financial charges652/9 | - | - | - | €0.1m | €0.07m | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | -€0.005m | -€0.06m | €0.09m | €28.2m | -€0.9m | ▼ 103% |
| Income taxes67/77 | - | - | - | €0.008m | €0 | ▼ 100% |
| Taxes670/3 | - | - | - | €0.008m | €0.05m | ▲ 573% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0.05m | - |
| Profit (loss) for the period9904 | -€0.005m | -€0.06m | €0.09m | €28.1m | -€0.9m | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€0.005m | -€0.06m | €0.09m | €28.1m | -€0.9m | ▼ 103% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €5.2m | €5.3m | €32.1m | €34.0m | ▲ 5.8% |
| Fixed assets21/28 | €1.7m | €4.7m | €4.7m | €0.3m | €13.4m | ▲ 4,532% |
| Tangible fixed assets22/27 | - | - | - | - | €8.2m | - |
| Land and buildings22 | - | - | - | - | €8.2m | - |
| Financial fixed assets28 | €1.7m | €4.7m | €4.7m | €0.3m | €5.3m | ▲ 1,719% |
| Affiliated companies280/1 | - | - | - | €0.1m | €0.1m | = |
| Participating interests280 | - | - | - | €0.1m | €0.1m | = |
| Other financial fixed assets284/8 | - | - | - | €0.2m | €5.1m | ▲ 3,323% |
| Shares284 | - | - | - | €0.2m | €5.1m | ▲ 3,323% |
| Current assets29/58 | €0.3m | €0.5m | €0.6m | €31.9m | €20.6m | ▼ 35.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €10.0m | - |
| Trade receivables290 | - | - | - | - | €0.2m | - |
| Other amounts receivable291 | - | - | - | - | €9.8m | - |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €0.3m | €0.5m | €0.6m | €31.2m | €0.3m | ▼ 99.1% |
| Trade receivables40 | - | - | - | €0.003m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €31.2m | €0.3m | ▼ 99.1% |
| Current investments50/53 | - | - | - | €0.5m | €9.9m | ▲ 2,010% |
| Own shares50 | - | - | - | €0.5m | €0.5m | = |
| Other investments51/53 | - | - | - | - | €9.4m | - |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.05m | €0.08m | €0.3m | ▲ 238% |
| Deferred charges and accrued income490/1 | - | - | - | €0.1m | €0.04m | ▼ 59.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €5.2m | €5.3m | €32.1m | €34.0m | ▲ 5.8% |
| Equity10/15 | €2.0m | €3.9m | €4.0m | €32.1m | €26.5m | ▼ 17.4% |
| Contributions10/11 | €2.0m | €2.5m | €2.5m | €4.0m | €3.7m | ▼ 7.3% |
| Reserves13 | - | - | €0.03m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.5m | €0.5m | = |
| Own shares acquired1312 | - | - | - | €0.5m | €0.5m | = |
| Distributable reserves133 | - | - | - | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.005m | -€0.06m | -€0.005m | €27.7m | €22.4m | ▼ 19.2% |
| Amounts payable17/49 | - | €1.4m | €1.4m | €0.02m | €7.5m | ▲ 45,413% |
| Amounts payable after more than one year17 | - | €0.9m | €0.8m | - | €7.1m | - |
| Financial debts170/4 | - | - | - | - | €7.1m | - |
| Credit institutions173 | - | - | - | - | €7.1m | - |
| Amounts payable within one year42/48 | - | €0.4m | €0.5m | €0.02m | €0.4m | ▲ 2,063% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.3m | - |
| Trade debts44 | - | €0.004m | €0.08m | €0.006m | €0.001m | ▼ 74.6% |
| Suppliers440/4 | - | - | - | €0.006m | €0.001m | ▼ 74.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.009m | ▼ 14.3% |
| Taxes450/3 | - | - | - | €0.01m | €0.009m | ▼ 14.3% |
| Other amounts payable47/48 | - | - | - | - | €0.009m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.005m | -€0.06m | €0.09m | €28.1m | -€0.9m | ▼ 103% |
| + Depreciation and write-downs630 | - | - | - | - | €0.1m | - |
| Operating cash flow (approximation) | -€0.005m | -€0.06m | €0.09m | €28.1m | -€0.8m | ▼ 103% |
| Investment in fixed assets (approximation) | - | -€3.0m | -€0.02m | €4.4m | -€13.2m | ▼ 400% |
| Change in cash | - | €67 | €0.01m | €0.04m | €0.2m | ▲ 430% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.