Pinacoteca: 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.
Pinacoteca
Largest movements
- Tangible fixed assets -€4,672
down €4,672 (-4.3%), from €109,375 to €104,703
- Current investments +€2,001
up €2,001 (+9753.3%), from €21 to €2,022
- Other debts -€9,000
down €9,000 (-59.7%), from €15,078 to €6,078
- Reserves +€4,400
up €4,400 (+5.8%), from €76,426 to €80,826
- Tax, wage and social debts +€1,486
new in 2025: €1,486
- Gross operating margin +€5,509
up €5,509 (+61.8%), from €8,919 to €14,428
- Taxes +€1,486
up €1,486 (+200820.3%), from €1 to €1,487
- Financial charges -€277
down €277 (-86.8%), from €319 to €42
- Depreciation -€238
down €238 (-4.8%), from €4,910 to €4,672
- Other operating charges -€178
down €178 (-4.4%), from €4,007 to €3,829
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 | €110,340 | €107,911 | -€2,429 | -2.2% |
| Fixed assets | 21/28 | €109,375 | €104,703 | -€4,672 | -4.3% |
| Tangible fixed assets | 22/27 | €109,375 | €104,703 | -€4,672 | -4.3% |
| Land and buildings | 22 | €109,375 | €104,703 | -€4,672 | -4.3% |
| Current assets | 29/58 | €965 | €3,209 | +€2,244 | +232.6% |
| Current investments | 50/53 | €21 | €2,022 | +€2,001 | +9753.3% |
| Cash at bank and in hand | 54/58 | €944 | €1,187 | +€242 | +25.7% |
| Total equity and liabilities | 10/49 | €110,340 | €107,911 | -€2,429 | -2.2% |
| Equity | 10/15 | €95,026 | €99,426 | +€4,400 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,426 | €80,826 | +€4,400 | +5.8% |
| Distributable reserves | 133 | €76,426 | €80,826 | +€4,400 | +5.8% |
| Amounts payable | 17/49 | €15,314 | €8,486 | -€6,828 | -44.6% |
| Amounts payable within one year | 42/48 | €15,314 | €8,486 | -€6,828 | -44.6% |
| Trade debts | 44 | €236 | €921 | +€685 | +290.5% |
| Suppliers | 440/4 | €236 | €921 | +€685 | +290.5% |
| Taxes, remuneration and social security | 45 | - | €1,486 | +€1,486 | |
| Taxes | 450/3 | - | €1,486 | +€1,486 | |
| Other amounts payable | 47/48 | €15,078 | €6,078 | -€9,000 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €4,672 | -€238 | -4.8% |
| Other operating charges | 640/8 | €4,007 | €3,829 | -€178 | -4.4% |
| Gross operating margin | 9900 | €8,919 | €14,428 | +€5,509 | +61.8% |
| Operating profit (loss) | 9901 | €2 | €5,927 | +€5,925 | +392402.6% |
| Financial income | 75/76B | €2 | €2 | -€0 | -19.9% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -19.9% |
| Financial charges | 65/66B | €319 | €42 | -€277 | -86.8% |
| Recurring financial charges | 65 | €319 | €42 | -€277 | -86.8% |
| Profit (loss) for the period before taxes | 9903 | -€315 | €5,887 | +€6,202 | |
| Income taxes | 67/77 | €1 | €1,487 | +€1,486 | +200820.3% |
| Profit (loss) for the period | 9904 | -€316 | €4,400 | +€4,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€316 | €4,400 | +€4,716 |
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 11 October 2026 via checked.be.