PINASTER MANAGEMENT: 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.
PINASTER MANAGEMENT
Largest movements
- Financial fixed assets +€126,000
new in 2025: €126,000
- Receivables within one year +€7,492
up €7,492 (+1217.6%), from €615 to €8,107
of which Trade receivables: +€8,107
- Other debts +€115,911
up €115,911 (+990.7%), from €11,700 to €127,611
- Profit (loss) carried forward +€9,570
up €9,570, from -€4,250 to €5,319
- Tax, wage and social debts +€6,856
new in 2025: €6,856
- Gross operating margin +€16,441
up €16,441, from -€4,250 to €12,191
- Taxes +€2,611
new in 2025: €2,611
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 | €10,306 | €143,302 | +€132,996 | +1290.4% |
| Fixed assets | 21/28 | - | €126,000 | +€126,000 | |
| Financial fixed assets | 28 | - | €126,000 | +€126,000 | |
| Current assets | 29/58 | €10,306 | €17,302 | +€6,996 | +67.9% |
| Amounts receivable within one year | 40/41 | €615 | €8,107 | +€7,492 | +1217.6% |
| Trade receivables | 40 | - | €8,107 | +€8,107 | |
| Other amounts receivable | 41 | €615 | €0 | -€615 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,691 | €9,195 | -€496 | -5.1% |
| Total equity and liabilities | 10/49 | €10,306 | €143,302 | +€132,996 | +1290.4% |
| Equity | 10/15 | -€2,750 | €6,819 | +€9,570 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,250 | €5,319 | +€9,570 | |
| Amounts payable | 17/49 | €13,057 | €136,483 | +€123,426 | +945.3% |
| Amounts payable within one year | 42/48 | €13,057 | €136,483 | +€123,426 | +945.3% |
| Trade debts | 44 | €1,357 | €2,016 | +€659 | +48.6% |
| Suppliers | 440/4 | €1,357 | €2,016 | +€659 | +48.6% |
| Taxes, remuneration and social security | 45 | - | €6,856 | +€6,856 | |
| Taxes | 450/3 | - | €6,856 | +€6,856 | |
| Other amounts payable | 47/48 | €11,700 | €127,611 | +€115,911 | +990.7% |
| Gross operating margin | 9900 | -€4,250 | €12,191 | +€16,441 | |
| Operating profit (loss) | 9901 | -€4,250 | €12,191 | +€16,441 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | - | €12 | +€12 | |
| Recurring financial charges | 65 | - | €12 | +€12 | |
| Profit (loss) for the period before taxes | 9903 | -€4,250 | €12,181 | +€16,431 | |
| Income taxes | 67/77 | - | €2,611 | +€2,611 | |
| Profit (loss) for the period | 9904 | -€4,250 | €9,570 | +€13,820 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,250 | €9,570 | +€13,820 |
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 2 October 2026 via checked.be.