PIN LIN: 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.
PIN LIN
Largest movements
- Receivables within one year +€35,580
up €35,580 (+146%), from €24,352 to €59,933
of which Other amounts receivable: +€53,722
- Cash +€18,125
up €18,125 (+25.3%), from €71,519 to €89,644
mainly Net result for the year (+€38,884) and Tax, wage and social debts (+€24,591)
- Tangible fixed assets +€4,307
up €4,307 (+16.1%), from €26,727 to €31,034
of which Plant, machinery and equipment: +€7,173
- Reserves +€37,000
up €37,000 (+94.7%), from €39,091 to €76,091
- Tax, wage and social debts +€24,591
up €24,591 (+85.8%), from €28,668 to €53,260
of which Taxes: +€22,046
- Other debts -€14,494
no longer reported in 2025 (was €14,494)
- Trade debts +€6,174
up €6,174 (+343%), from €1,798 to €7,971
- Accrued charges and deferred income +€2,488
up €2,488 (+491%), from €507 to €2,994
- Purchases and services +€127,482
up €127,482 (+70.1%), from €181,933 to €309,416
- Gross operating margin -€10,726
down €10,726 (-7.7%), from €139,148 to €128,422
- Staff costs +€7,043
up €7,043 (+14.7%), from €47,848 to €54,891
- Taxes -€3,080
down €3,080 (-13.9%), from €22,187 to €19,107
- Other operating charges -€3,007
down €3,007 (-64.6%), from €4,652 to €1,645
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 | €142,925 | €200,567 | +€57,642 | +40.3% |
| Formation expenses | 20 | €522 | €281 | -€241 | -46.2% |
| Fixed assets | 21/28 | €26,932 | €31,239 | +€4,307 | +16.0% |
| Tangible fixed assets | 22/27 | €26,727 | €31,034 | +€4,307 | +16.1% |
| Land and buildings | 22 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Plant, machinery and equipment | 23 | €9,266 | €16,439 | +€7,173 | +77.4% |
| Furniture and vehicles | 24 | €5,461 | €6,594 | +€1,134 | +20.8% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €115,471 | €169,047 | +€53,576 | +46.4% |
| Stocks and contracts in progress | 3 | €19,600 | €19,470 | -€130 | -0.7% |
| Stocks | 30/36 | €19,600 | €19,470 | -€130 | -0.7% |
| Amounts receivable within one year | 40/41 | €24,352 | €59,933 | +€35,580 | +146% |
| Trade receivables | 40 | €24,298 | €6,157 | -€18,142 | -74.7% |
| Other amounts receivable | 41 | €54 | €53,776 | +€53,722 | +98,972% |
| Cash at bank and in hand | 54/58 | €71,519 | €89,644 | +€18,125 | +25.3% |
| Total equity and liabilities | 10/49 | €142,925 | €200,567 | +€57,642 | +40.3% |
| Equity | 10/15 | €97,458 | €136,342 | +€38,884 | +39.9% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €39,091 | €76,091 | +€37,000 | +94.7% |
| Distributable reserves | 133 | €39,091 | €76,091 | +€37,000 | +94.7% |
| Profit (loss) carried forward | 14 | €23,367 | €25,251 | +€1,884 | +8.1% |
| Amounts payable | 17/49 | €45,467 | €64,225 | +€18,758 | +41.3% |
| Amounts payable within one year | 42/48 | €44,961 | €61,231 | +€16,270 | +36.2% |
| Trade debts | 44 | €1,798 | €7,971 | +€6,174 | +343% |
| Suppliers | 440/4 | €1,798 | €7,971 | +€6,174 | +343% |
| Taxes, remuneration and social security | 45 | €28,668 | €53,260 | +€24,591 | +85.8% |
| Taxes | 450/3 | €24,182 | €46,228 | +€22,046 | +91.2% |
| Remuneration and social security | 454/9 | €4,486 | €7,031 | +€2,545 | +56.7% |
| Other amounts payable | 47/48 | €14,494 | - | -€14,494 | |
| Accrued charges and deferred income | 492/3 | €507 | €2,994 | +€2,488 | +491% |
| Goods, raw materials, services and sundry goods | 60/61 | €181,933 | €309,416 | +€127,482 | +70.1% |
| Remuneration, social security and pensions | 62 | €47,848 | €54,891 | +€7,043 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,293 | €11,627 | +€2,334 | +25.1% |
| Other operating charges | 640/8 | €4,652 | €1,645 | -€3,007 | -64.6% |
| Gross operating margin | 9900 | €139,148 | €128,422 | -€10,726 | -7.7% |
| Operating profit (loss) | 9901 | €77,356 | €60,260 | -€17,096 | -22.1% |
| Financial charges | 65/66B | €1,969 | €2,269 | +€300 | +15.2% |
| Recurring financial charges | 65 | €1,969 | €2,269 | +€300 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €75,387 | €57,991 | -€17,396 | -23.1% |
| Income taxes | 67/77 | €22,187 | €19,107 | -€3,080 | -13.9% |
| Profit (loss) for the period | 9904 | €53,200 | €38,884 | -€14,316 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,200 | €38,884 | -€14,316 | -26.9% |
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 18 October 2026 via checked.be.