PINCA INC.: what changed
PINCA INC.
Largest movements
- Tangible fixed assets -€202,237
down €202,237 (-94.3%), from €214,448 to €12,211
of which Land and buildings: -€201,885
- Financial fixed assets +€30,000
up €30,000 (+1,852%), from €1,620 to €31,620
- Receivables within one year +€17,546
up €17,546 (+79.3%), from €22,113 to €39,660
of which Other amounts receivable: +€17,220
- Deferred charges and accrued income +€5,264
up €5,264 (+1,875%), from €281 to €5,545
- Cash -€3,330
down €3,330 (-9.9%), from €33,535 to €30,205
- Debts after one year -€135,087
down €135,087 (-100%), from €135,087 to €0
- Current portion of long-term debt -€31,177
down €31,177 (-100%), from €31,177 to €0
- Reserves +€4,850
up €4,850 (+10.7%), from €45,534 to €50,384
- Tax, wage and social debts +€2,864
up €2,864 (+23.5%), from €12,175 to €15,039
- Gross operating margin -€29,954
down €29,954 (-40.1%), from €74,608 to €44,654
- Depreciation -€19,676
down €19,676 (-71.8%), from €27,422 to €7,746
- Other operating charges +€4,001
up €4,001 (+146%), from €2,749 to €6,750
- Financial charges -€1,159
down €1,159 (-9.7%), from €11,893 to €10,734
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,997 | €119,239 | -€152,757 | -56.2% |
| Fixed assets | 21/28 | €216,068 | €43,831 | -€172,237 | -79.7% |
| Tangible fixed assets | 22/27 | €214,448 | €12,211 | -€202,237 | -94.3% |
| Land and buildings | 22 | €201,885 | €0 | -€201,885 | -100% |
| Plant, machinery and equipment | 23 | €7,076 | €4,679 | -€2,397 | -33.9% |
| Furniture and vehicles | 24 | €5,487 | €7,532 | +€2,044 | +37.3% |
| Financial fixed assets | 28 | €1,620 | €31,620 | +€30,000 | +1,852% |
| Current assets | 29/58 | €55,929 | €75,409 | +€19,480 | +34.8% |
| Amounts receivable within one year | 40/41 | €22,113 | €39,660 | +€17,546 | +79.3% |
| Trade receivables | 40 | €17,859 | €18,186 | +€327 | +1.8% |
| Other amounts receivable | 41 | €4,254 | €21,473 | +€17,220 | +405% |
| Cash at bank and in hand | 54/58 | €33,535 | €30,205 | -€3,330 | -9.9% |
| Deferred charges and accrued income | 490/1 | €281 | €5,545 | +€5,264 | +1,875% |
| Total equity and liabilities | 10/49 | €271,997 | €119,239 | -€152,757 | -56.2% |
| Equity | 10/15 | €74,034 | €78,884 | +€4,850 | +6.6% |
| Contributions | 10/11 | €28,500 | €28,500 | = | 0.0% |
| Reserves | 13 | €45,534 | €50,384 | +€4,850 | +10.7% |
| Distributable reserves | 133 | €45,534 | €50,384 | +€4,850 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €197,962 | €40,355 | -€157,607 | -79.6% |
| Amounts payable after more than one year | 17 | €135,087 | €0 | -€135,087 | -100% |
| Financial debts | 170/4 | €135,087 | €0 | -€135,087 | -100% |
| Amounts payable within one year | 42/48 | €62,875 | €40,355 | -€22,520 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €31,177 | €0 | -€31,177 | -100% |
| Financial debts | 43 | €6,690 | €8,413 | +€1,722 | +25.7% |
| Other loans | 439 | €6,690 | €8,413 | +€1,722 | +25.7% |
| Trade debts | 44 | €2,310 | €4,226 | +€1,915 | +82.9% |
| Suppliers | 440/4 | €2,310 | €4,226 | +€1,915 | +82.9% |
| Taxes, remuneration and social security | 45 | €12,175 | €15,039 | +€2,864 | +23.5% |
| Taxes | 450/3 | €12,175 | €15,039 | +€2,864 | +23.5% |
| Other amounts payable | 47/48 | €10,523 | €12,678 | +€2,155 | +20.5% |
| Non-recurring operating income | 76A | €32,500 | €0 | -€32,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,422 | €7,746 | -€19,676 | -71.8% |
| Other operating charges | 640/8 | €2,749 | €6,750 | +€4,001 | +146% |
| Non-recurring operating charges | 66A | - | €7,714 | +€7,714 | |
| Gross operating margin | 9900 | €74,608 | €44,654 | -€29,954 | -40.1% |
| Operating profit (loss) | 9901 | €44,436 | €22,443 | -€21,994 | -49.5% |
| Financial income | 75/76B | €8 | €0 | -€8 | -99.5% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -99.5% |
| Financial charges | 65/66B | €11,893 | €10,734 | -€1,159 | -9.7% |
| Recurring financial charges | 65 | €11,893 | €10,734 | -€1,159 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €32,551 | €11,709 | -€20,843 | -64.0% |
| Income taxes | 67/77 | €3,746 | €3,527 | -€220 | -5.9% |
| Profit (loss) for the period | 9904 | €28,805 | €8,182 | -€20,623 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,805 | €8,182 | -€20,623 | -71.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.