David Pinte: 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.
David Pinte
Largest movements
- Cash -€52,222
down €52,222 (-58.2%), from €89,744 to €37,522
mainly Contributions, distributions and other (-€88,309) and Other debts (-€84,121)
- Current investments -€43,073
down €43,073 (-100.0%), from €43,073 to €0
- Tangible fixed assets -€14,514
down €14,514 (-23.6%), from €61,461 to €46,947
of which Furniture and vehicles: -€12,596
- Other debts -€84,121
down €84,121 (-74.8%), from €112,430 to €28,309
- Reserves -€28,309
down €28,309 (-38.6%), from €73,410 to €45,101
- Tax, wage and social debts -€3,858
down €3,858 (-36.8%), from €10,476 to €6,618
- Profit (loss) carried forward +€2,459
up €2,459, from €0 to €2,459
- Depreciation +€7,043
up €7,043 (+94.3%), from €7,471 to €14,514
- Financial income +€5,934
up €5,934 (+180357.4%), from €3 to €5,937
- Gross operating margin -€4,389
down €4,389 (-4.8%), from €91,912 to €87,523
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.
Cash bridge derived
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 | €216,048 | €103,740 | -€112,308 | -52.0% |
| Fixed assets | 21/28 | €61,711 | €46,947 | -€14,764 | -23.9% |
| Tangible fixed assets | 22/27 | €61,461 | €46,947 | -€14,514 | -23.6% |
| Land and buildings | 22 | €2,889 | €1,297 | -€1,592 | -55.1% |
| Plant, machinery and equipment | 23 | €1,672 | €1,346 | -€326 | -19.5% |
| Furniture and vehicles | 24 | €56,900 | €44,304 | -€12,596 | -22.1% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €154,337 | €56,793 | -€97,544 | -63.2% |
| Amounts receivable within one year | 40/41 | €18,489 | €18,067 | -€422 | -2.3% |
| Trade receivables | 40 | €18,489 | €10,893 | -€7,597 | -41.1% |
| Other amounts receivable | 41 | €0 | €7,175 | +€7,175 | |
| Current investments | 50/53 | €43,073 | €0 | -€43,073 | -100.0% |
| Cash at bank and in hand | 54/58 | €89,744 | €37,522 | -€52,222 | -58.2% |
| Deferred charges and accrued income | 490/1 | €3,031 | €1,203 | -€1,827 | -60.3% |
| Total equity and liabilities | 10/49 | €216,048 | €103,740 | -€112,308 | -52.0% |
| Equity | 10/15 | €92,010 | €66,159 | -€25,851 | -28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,410 | €45,101 | -€28,309 | -38.6% |
| Distributable reserves | 133 | €73,410 | €45,101 | -€28,309 | -38.6% |
| Profit (loss) carried forward | 14 | €0 | €2,459 | +€2,459 | |
| Amounts payable | 17/49 | €124,038 | €37,581 | -€86,457 | -69.7% |
| Amounts payable within one year | 42/48 | €124,028 | €37,581 | -€86,448 | -69.7% |
| Trade debts | 44 | €1,122 | €2,653 | +€1,531 | +136.4% |
| Suppliers | 440/4 | €1,122 | €2,653 | +€1,531 | +136.4% |
| Taxes, remuneration and social security | 45 | €10,476 | €6,618 | -€3,858 | -36.8% |
| Taxes | 450/3 | €10,476 | €6,618 | -€3,858 | -36.8% |
| Other amounts payable | 47/48 | €112,430 | €28,309 | -€84,121 | -74.8% |
| Accrued charges and deferred income | 492/3 | €10 | €0 | -€10 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,471 | €14,514 | +€7,043 | +94.3% |
| Other operating charges | 640/8 | €849 | €199 | -€649 | -76.5% |
| Gross operating margin | 9900 | €91,912 | €87,523 | -€4,389 | -4.8% |
| Operating profit (loss) | 9901 | €83,593 | €72,810 | -€10,782 | -12.9% |
| Financial income | 75/76B | €3 | €5,937 | +€5,934 | +180357.4% |
| Recurring financial income | 75 | €3 | €5,937 | +€5,934 | +180357.4% |
| Financial charges | 65/66B | €117 | €55 | -€61 | -52.5% |
| Recurring financial charges | 65 | €117 | €55 | -€61 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €83,479 | €78,692 | -€4,787 | -5.7% |
| Income taxes | 67/77 | €17,137 | €16,233 | -€904 | -5.3% |
| Profit (loss) for the period | 9904 | €66,342 | €62,459 | -€3,883 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,342 | €62,459 | -€3,883 | -5.9% |
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 9 October 2026 via checked.be.