PINAR & CO: 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.
PINAR & CO
Largest movements
- Receivables within one year -€21,281
down €21,281 (-74.0%), from €28,739 to €7,458
of which Trade receivables: -€28,618
- Cash -€7,840
down €7,840 (-7.2%), from €108,588 to €100,748
mainly Contributions, distributions and other (-€120,000) and Tax, wage and social debts (-€12,725)
- Deferred charges and accrued income +€2,639
new in 2025: €2,639
- Profit (loss) carried forward -€152,412
down €152,412 (-100%), from €152,412 to €0
- Reserves +€93,397
new in 2025: €93,397
- Other debts +€41,794
up €41,794 (+3,745%), from €1,116 to €42,910
- Tax, wage and social debts -€12,725
down €12,725 (-36.6%), from €34,788 to €22,062
- Gross operating margin +€13,769
up €13,769 (+19.4%), from €71,114 to €84,883
- Taxes +€2,324
up €2,324 (+17.1%), from €13,609 to €15,933
- Depreciation +€1,381
up €1,381 (+24.1%), from €5,742 to €7,124
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 | €192,038 | €164,248 | -€27,791 | -14.5% |
| Fixed assets | 21/28 | €54,710 | €53,402 | -€1,308 | -2.4% |
| Tangible fixed assets | 22/27 | €54,310 | €53,002 | -€1,308 | -2.4% |
| Plant, machinery and equipment | 23 | €50,112 | €51,209 | +€1,097 | +2.2% |
| Furniture and vehicles | 24 | €4,198 | €1,793 | -€2,405 | -57.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €137,328 | €110,845 | -€26,482 | -19.3% |
| Amounts receivable within one year | 40/41 | €28,739 | €7,458 | -€21,281 | -74.0% |
| Trade receivables | 40 | €28,739 | €121 | -€28,618 | -99.6% |
| Other amounts receivable | 41 | - | €7,337 | +€7,337 | |
| Cash at bank and in hand | 54/58 | €108,588 | €100,748 | -€7,840 | -7.2% |
| Deferred charges and accrued income | 490/1 | - | €2,639 | +€2,639 | |
| Total equity and liabilities | 10/49 | €192,038 | €164,248 | -€27,791 | -14.5% |
| Equity | 10/15 | €155,412 | €96,397 | -€59,015 | -38.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €93,397 | +€93,397 | |
| Distributable reserves | 133 | - | €93,397 | +€93,397 | |
| Profit (loss) carried forward | 14 | €152,412 | €0 | -€152,412 | -100% |
| Amounts payable | 17/49 | €36,626 | €67,851 | +€31,224 | +85.3% |
| Amounts payable within one year | 42/48 | €36,626 | €67,851 | +€31,224 | +85.3% |
| Financial debts | 43 | - | €679 | +€679 | |
| Credit institutions | 430/8 | - | €679 | +€679 | |
| Trade debts | 44 | €722 | €2,199 | +€1,477 | +204% |
| Suppliers | 440/4 | €722 | €2,199 | +€1,477 | +204% |
| Taxes, remuneration and social security | 45 | €34,788 | €22,062 | -€12,725 | -36.6% |
| Taxes | 450/3 | €34,788 | €22,062 | -€12,725 | -36.6% |
| Other amounts payable | 47/48 | €1,116 | €42,910 | +€41,794 | +3,745% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,742 | €7,124 | +€1,381 | +24.1% |
| Other operating charges | 640/8 | €632 | €711 | +€78 | +12.4% |
| Non-recurring operating charges | 66A | - | €1,061 | +€1,061 | |
| Gross operating margin | 9900 | €71,114 | €84,883 | +€13,769 | +19.4% |
| Operating profit (loss) | 9901 | €64,739 | €75,987 | +€11,248 | +17.4% |
| Financial income | 75/76B | €761 | €1,069 | +€308 | +40.4% |
| Recurring financial income | 75 | €761 | €1,069 | +€308 | +40.4% |
| Financial charges | 65/66B | €839 | €138 | -€700 | -83.5% |
| Recurring financial charges | 65 | €839 | €138 | -€700 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | €64,662 | €76,918 | +€12,256 | +19.0% |
| Income taxes | 67/77 | €13,609 | €15,933 | +€2,324 | +17.1% |
| Profit (loss) for the period | 9904 | €51,052 | €60,985 | +€9,933 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,052 | €60,985 | +€9,933 | +19.5% |
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 25 October 2026 via checked.be.