Alain PINCKAERS: what changed
What changed
Alain PINCKAERS
NACE 46.331, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€105,293
2024 · €93,092+€12,200
Equity
€270,395
2024 · €281,660-€11,265
Cash
€41,588
2024 · €40,593+€994
Balance sheet total
€587,923
2024 · €403,040+€184,883
Largest movements
Assets
- Tangible fixed assets +€130,765
up €130,765 (+87.6%), from €149,279 to €280,044
of which Furniture and vehicles: +€133,877
- Receivables within one year +€52,890
up €52,890 (+72.3%), from €73,132 to €126,022
of which Other amounts receivable: +€51,915
Equity and liabilities
- Other debts +€82,944
up €82,944 (+248%), from €33,474 to €116,419
- Debts after one year +€73,326
up €73,326 (+153%), from €47,836 to €121,163
- Current portion of long-term debt +€25,171
up €25,171 (+106%), from €23,829 to €48,999
- Tax, wage and social debts +€13,853
up €13,853 (+111%), from €12,447 to €26,300
- Reserves -€11,126
down €11,126 (-4.3%), from €256,256 to €245,130
Income statement
- Gross operating margin +€31,864
up €31,864 (+30.5%), from €104,400 to €136,264
- Depreciation +€13,036
up €13,036 (+83.2%), from €15,677 to €28,713
- Financial income -€3,941
down €3,941 (-8.8%), from €44,715 to €40,774
of which Non-recurring financial income: -€6,075
- Other operating charges +€1,882
up €1,882 (+25.2%), from €7,470 to €9,352
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
€93,092
Gross operating margin
+€31,864
Depreciation
-€13,036
Other operating charges
-€1,882
Financial income
-€3,941
Financial charges
+€555
Taxes
-€1,359
Result 2025
€105,293
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
+€178,532
Investment
-€159,478
Financing
-€18,060
Cash 2024
€40,593
From operations (derived)
+€178,532
Net result for the year
+€105,293
Depreciation
+€28,713
Receivables within one year
-€52,890
Smaller working-capital items
-€184
Trade debts
+€804
Tax, wage and social debts
+€13,853
Other debts
+€82,944
Investment (derived)
-€159,478
Investment in fixed assets (net)
-€159,478
Financing
-€18,060
Debts after one year
+€73,326
Current portion of long-term debt
+€25,171
Contributions, distributions and other
-€116,558
Cash 2025
€41,588
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €403,040 | €587,923 | +€184,883 | +45.9% |
| Fixed assets | 21/28 | €287,380 | €418,145 | +€130,765 | +45.5% |
| Tangible fixed assets | 22/27 | €149,279 | €280,044 | +€130,765 | +87.6% |
| Land and buildings | 22 | €142,258 | €139,765 | -€2,493 | -1.8% |
| Plant, machinery and equipment | 23 | €2,534 | €1,915 | -€619 | -24.4% |
| Furniture and vehicles | 24 | €4,488 | €138,364 | +€133,877 | +2,983% |
| Financial fixed assets | 28 | €138,101 | €138,101 | = | 0.0% |
| Current assets | 29/58 | €115,659 | €169,778 | +€54,118 | +46.8% |
| Amounts receivable within one year | 40/41 | €73,132 | €126,022 | +€52,890 | +72.3% |
| Trade receivables | 40 | €7,052 | €8,027 | +€976 | +13.8% |
| Other amounts receivable | 41 | €66,080 | €117,995 | +€51,915 | +78.6% |
| Cash at bank and in hand | 54/58 | €40,593 | €41,588 | +€994 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,934 | €2,168 | +€234 | +12.1% |
| Total equity and liabilities | 10/49 | €403,040 | €587,923 | +€184,883 | +45.9% |
| Equity | 10/15 | €281,660 | €270,395 | -€11,265 | -4.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €256,256 | €245,130 | -€11,126 | -4.3% |
| Distributable reserves | 133 | €256,256 | €245,130 | -€11,126 | -4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €404 | €265 | -€139 | -34.4% |
| Amounts payable | 17/49 | €121,380 | €317,527 | +€196,148 | +162% |
| Amounts payable after more than one year | 17 | €47,836 | €121,163 | +€73,326 | +153% |
| Financial debts | 170/4 | €47,836 | €121,163 | +€73,326 | +153% |
| Amounts payable within one year | 42/48 | €73,543 | €196,315 | +€122,772 | +167% |
| Current portion of amounts payable after more than one year | 42 | €23,829 | €48,999 | +€25,171 | +106% |
| Trade debts | 44 | €3,793 | €4,597 | +€804 | +21.2% |
| Suppliers | 440/4 | €3,793 | €4,597 | +€804 | +21.2% |
| Taxes, remuneration and social security | 45 | €12,447 | €26,300 | +€13,853 | +111% |
| Taxes | 450/3 | €12,447 | €26,300 | +€13,853 | +111% |
| Other amounts payable | 47/48 | €33,474 | €116,419 | +€82,944 | +248% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,677 | €28,713 | +€13,036 | +83.2% |
| Other operating charges | 640/8 | €7,470 | €9,352 | +€1,882 | +25.2% |
| Gross operating margin | 9900 | €104,400 | €136,264 | +€31,864 | +30.5% |
| Operating profit (loss) | 9901 | €81,254 | €98,199 | +€16,945 | +20.9% |
| Financial income | 75/76B | €44,715 | €40,774 | -€3,941 | -8.8% |
| Recurring financial income | 75 | €38,641 | €40,774 | +€2,133 | +5.5% |
| Non-recurring financial income | 76B | €6,075 | €0 | -€6,075 | -100% |
| Financial charges | 65/66B | €6,094 | €5,539 | -€555 | -9.1% |
| Recurring financial charges | 65 | €6,094 | €5,539 | -€555 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €119,874 | €133,434 | +€13,559 | +11.3% |
| Income taxes | 67/77 | €26,782 | €28,141 | +€1,359 | +5.1% |
| Profit (loss) for the period | 9904 | €93,092 | €105,293 | +€12,200 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,092 | €105,293 | +€12,200 | +13.1% |
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 8 November 2026 via checked.be.