F.A PINSA: what changed
Two fiscal 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.
F.A PINSA
Largest movements
- Stocks and contracts +€3,166
up €3,166 (+110.9%), from €2,854 to €6,020
- Tangible fixed assets +€2,353
up €2,353 (+102.6%), from €2,293 to €4,646
- Receivables within one year -€1,161
down €1,161 (-38.0%), from €3,058 to €1,896
of which Other amounts receivable: -€2,361
- Cash +€1,118
up €1,118 (+113.3%), from €987 to €2,105
mainly Other debts (+€8,070) and Trade debts (+€1,755)
- Other debts +€8,070
up €8,070 (+84.9%), from €9,500 to €17,570
- Profit (loss) carried forward -€4,349
down €4,349 (-88.1%), from -€4,936 to -€9,284
- Trade debts +€1,755
up €1,755 (+198.4%), from €884 to €2,639
- Gross operating margin -€8,549
down €8,549, from €8,142 to -€407
- Financial charges -€3,315
down €3,315 (-67.9%), from €4,885 to €1,570
of which Non-recurring financial charges: -€2,815
- Depreciation +€972
up €972 (+200.9%), from €484 to €1,457
- Other operating charges +€847
up €847 (+1239.0%), from €68 to €916
- Taxes -€624
no longer reported in 2025 (was €624)
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 | €9,191 | €14,668 | +€5,476 | +59.6% |
| Fixed assets | 21/28 | €2,293 | €4,646 | +€2,353 | +102.6% |
| Tangible fixed assets | 22/27 | €2,293 | €4,646 | +€2,353 | +102.6% |
| Plant, machinery and equipment | 23 | €2,293 | €4,646 | +€2,353 | +102.6% |
| Current assets | 29/58 | €6,899 | €10,022 | +€3,123 | +45.3% |
| Stocks and contracts in progress | 3 | €2,854 | €6,020 | +€3,166 | +110.9% |
| Stocks | 30/36 | €2,854 | €6,020 | +€3,166 | +110.9% |
| Amounts receivable within one year | 40/41 | €3,058 | €1,896 | -€1,161 | -38.0% |
| Trade receivables | 40 | - | €1,200 | +€1,200 | |
| Other amounts receivable | 41 | €3,058 | €696 | -€2,361 | -77.2% |
| Cash at bank and in hand | 54/58 | €987 | €2,105 | +€1,118 | +113.3% |
| Total equity and liabilities | 10/49 | €9,191 | €14,668 | +€5,476 | +59.6% |
| Equity | 10/15 | -€1,936 | -€6,284 | -€4,349 | -224.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,936 | -€9,284 | -€4,349 | -88.1% |
| Amounts payable | 17/49 | €11,127 | €20,952 | +€9,825 | +88.3% |
| Amounts payable within one year | 42/48 | €11,127 | €20,952 | +€9,825 | +88.3% |
| Trade debts | 44 | €884 | €2,639 | +€1,755 | +198.4% |
| Suppliers | 440/4 | €884 | €2,639 | +€1,755 | +198.4% |
| Taxes, remuneration and social security | 45 | €743 | €743 | = | 0.0% |
| Taxes | 450/3 | €743 | €743 | = | 0.0% |
| Other amounts payable | 47/48 | €9,500 | €17,570 | +€8,070 | +84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €1,457 | +€972 | +200.9% |
| Other operating charges | 640/8 | €68 | €916 | +€847 | +1239.0% |
| Gross operating margin | 9900 | €8,142 | -€407 | -€8,549 | |
| Operating profit (loss) | 9901 | €7,590 | -€2,779 | -€10,369 | |
| Financial charges | 65/66B | €4,885 | €1,570 | -€3,315 | -67.9% |
| Recurring financial charges | 65 | €2,070 | €1,570 | -€500 | -24.2% |
| Non-recurring financial charges | 66B | €2,815 | - | -€2,815 | |
| Profit (loss) for the period before taxes | 9903 | €2,705 | -€4,349 | -€7,054 | |
| Income taxes | 67/77 | €624 | - | -€624 | |
| Profit (loss) for the period | 9904 | €2,081 | -€4,349 | -€6,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,081 | -€4,349 | -€6,430 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.