BART PINXTEN VONKVERSPANING: what changed
Two financial 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.
BART PINXTEN VONKVERSPANING
Largest movements
- Tangible fixed assets -€29,994
down €29,994 (-6.7%), from €445,611 to €415,617
- Receivables within one year +€13,337
up €13,337 (+42.9%), from €31,080 to €44,417
of which Other amounts receivable: +€8,000
- Deferred charges and accrued income +€6,232
up €6,232 (+610%), from €1,021 to €7,254
- Debts after one year -€7,208
down €7,208 (-5.0%), from €144,622 to €137,414
of which Financial debts: -€13,856
- Current portion of long-term debt -€7,179
down €7,179 (-34.1%), from €21,035 to €13,856
- Financial income -€15,727
down €15,727 (-100.0%), from €15,727 to €1
- Taxes -€6,283
down €6,283 (-72.7%), from €8,647 to €2,364
- Gross operating margin -€5,854
down €5,854 (-10.5%), from €56,014 to €50,161
- Financial charges +€2,604
up €2,604 (+35.8%), from €7,278 to €9,882
- Depreciation -€1,400
down €1,400 (-4.5%), from €31,394 to €29,994
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.
Derived cash bridge
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 | €590,335 | €583,448 | -€6,887 | -1.2% |
| Fixed assets | 21/28 | €445,761 | €415,767 | -€29,994 | -6.7% |
| Tangible fixed assets | 22/27 | €445,611 | €415,617 | -€29,994 | -6.7% |
| Land and buildings | 22 | €410,060 | €398,113 | -€11,947 | -2.9% |
| Plant, machinery and equipment | 23 | €12,483 | €7,399 | -€5,085 | -40.7% |
| Furniture and vehicles | 24 | €23,068 | €10,105 | -€12,963 | -56.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €144,574 | €167,681 | +€23,107 | +16.0% |
| Amounts receivable within one year | 40/41 | €31,080 | €44,417 | +€13,337 | +42.9% |
| Trade receivables | 40 | €22,751 | €28,088 | +€5,337 | +23.5% |
| Other amounts receivable | 41 | €8,330 | €16,330 | +€8,000 | +96.0% |
| Current investments | 50/53 | €43,500 | €47,000 | +€3,500 | +8.0% |
| Cash at bank and in hand | 54/58 | €68,973 | €69,010 | +€37 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,021 | €7,254 | +€6,232 | +610% |
| Total equity and liabilities | 10/49 | €590,335 | €583,448 | -€6,887 | -1.2% |
| Equity | 10/15 | €410,117 | €413,757 | +€3,640 | +0.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €391,117 | €394,757 | +€3,640 | +0.9% |
| Tax-exempt reserves | 132 | €25,015 | €25,015 | = | 0.0% |
| Distributable reserves | 133 | €366,102 | €369,742 | +€3,640 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,218 | €169,691 | -€10,527 | -5.8% |
| Amounts payable after more than one year | 17 | €144,622 | €137,414 | -€7,208 | -5.0% |
| Financial debts | 170/4 | €17,362 | €3,506 | -€13,856 | -79.8% |
| Other amounts payable | 178/9 | €127,260 | €133,908 | +€6,648 | +5.2% |
| Amounts payable within one year | 42/48 | €35,421 | €32,277 | -€3,144 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €21,035 | €13,856 | -€7,179 | -34.1% |
| Trade debts | 44 | €7,854 | €9,002 | +€1,148 | +14.6% |
| Suppliers | 440/4 | €7,854 | €9,002 | +€1,148 | +14.6% |
| Taxes, remuneration and social security | 45 | €6,532 | €9,419 | +€2,887 | +44.2% |
| Taxes | 450/3 | €6,532 | €7,542 | +€1,010 | +15.5% |
| Remuneration and social security | 454/9 | €0 | €1,877 | +€1,877 | |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,394 | €29,994 | -€1,400 | -4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€779 | -€779 | |
| Other operating charges | 640/8 | €4,681 | €5,061 | +€380 | +8.1% |
| Gross operating margin | 9900 | €56,014 | €50,161 | -€5,854 | -10.5% |
| Operating profit (loss) | 9901 | €19,940 | €15,885 | -€4,055 | -20.3% |
| Financial income | 75/76B | €15,727 | €1 | -€15,727 | -100.0% |
| Recurring financial income | 75 | €15,727 | €1 | -€15,727 | -100.0% |
| Financial charges | 65/66B | €7,278 | €9,882 | +€2,604 | +35.8% |
| Recurring financial charges | 65 | €7,278 | €9,882 | +€2,604 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €28,390 | €6,003 | -€22,386 | -78.9% |
| Income taxes | 67/77 | €8,647 | €2,364 | -€6,283 | -72.7% |
| Profit (loss) for the period | 9904 | €19,743 | €3,640 | -€16,103 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,743 | €3,640 | -€16,103 | -81.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.