PINCEEL: 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.
PINCEEL
Largest movements
- Cash +€96,999
up €96,999 (+571.2%), from €16,983 to €113,982
mainly Trade debts (+€254,515) and Depreciation (+€667)
- Receivables within one year +€90,208
up €90,208 (+20.2%), from €446,257 to €536,465
of which Trade receivables: +€90,221
- Trade debts +€254,515
up €254,515 (+74.2%), from €342,977 to €597,492
- Profit (loss) carried forward -€37,286
down €37,286, from €0 to -€37,286
- Tax, wage and social debts -€12,775
down €12,775 (-43.1%), from €29,664 to €16,889
of which Taxes: -€18,076
- Other debts -€9,868
down €9,868 (-12.0%), from €82,438 to €72,570
- Other operating charges +€61,786
up €61,786 (+1450.5%), from €4,260 to €66,045
- Write-downs -€41,511
down €41,511 (-31.5%), from €131,677 to €90,165
- Staff costs +€34,231
up €34,231 (+36.9%), from €92,796 to €127,027
- Gross operating margin -€11,112
down €11,112 (-4.3%), from €259,878 to €248,766
- Financial income +€11,034
up €11,034 (+376.7%), from €2,929 to €13,963
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,127 | €906,712 | +€194,585 | +27.3% |
| Fixed assets | 21/28 | €4,515 | €3,848 | -€667 | -14.8% |
| Tangible fixed assets | 22/27 | €915 | €248 | -€667 | -72.9% |
| Furniture and vehicles | 24 | €915 | €248 | -€667 | -72.9% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €707,612 | €902,863 | +€195,252 | +27.6% |
| Stocks and contracts in progress | 3 | €244,372 | €252,416 | +€8,045 | +3.3% |
| Stocks | 30/36 | €244,372 | €252,416 | +€8,045 | +3.3% |
| Amounts receivable within one year | 40/41 | €446,257 | €536,465 | +€90,208 | +20.2% |
| Trade receivables | 40 | €432,503 | €522,724 | +€90,221 | +20.9% |
| Other amounts receivable | 41 | €13,755 | €13,741 | -€13 | -0.1% |
| Cash at bank and in hand | 54/58 | €16,983 | €113,982 | +€96,999 | +571.2% |
| Total equity and liabilities | 10/49 | €712,127 | €906,712 | +€194,585 | +27.3% |
| Equity | 10/15 | €132,047 | €94,761 | -€37,286 | -28.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,047 | €112,047 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €110,047 | €110,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€37,286 | -€37,286 | |
| Amounts payable | 17/49 | €580,080 | €811,951 | +€231,871 | +40.0% |
| Amounts payable within one year | 42/48 | €580,080 | €811,951 | +€231,871 | +40.0% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €342,977 | €597,492 | +€254,515 | +74.2% |
| Suppliers | 440/4 | €342,977 | €597,492 | +€254,515 | +74.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,664 | €16,889 | -€12,775 | -43.1% |
| Taxes | 450/3 | €21,591 | €3,515 | -€18,076 | -83.7% |
| Remuneration and social security | 454/9 | €8,073 | €13,374 | +€5,301 | +65.7% |
| Other amounts payable | 47/48 | €82,438 | €72,570 | -€9,868 | -12.0% |
| Non-recurring operating income | 76A | €1,441 | €0 | -€1,441 | -100.0% |
| Remuneration, social security and pensions | 62 | €92,796 | €127,027 | +€34,231 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €667 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,677 | €90,165 | -€41,511 | -31.5% |
| Other operating charges | 640/8 | €4,260 | €66,045 | +€61,786 | +1450.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €259,878 | €248,766 | -€11,112 | -4.3% |
| Operating profit (loss) | 9901 | €30,479 | -€35,138 | -€65,617 | |
| Financial income | 75/76B | €2,929 | €13,963 | +€11,034 | +376.7% |
| Recurring financial income | 75 | €2,929 | €13,963 | +€11,034 | +376.7% |
| Financial charges | 65/66B | €25,904 | €16,111 | -€9,792 | -37.8% |
| Recurring financial charges | 65 | €25,904 | €16,111 | -€9,792 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €7,505 | -€37,286 | -€44,791 | |
| Income taxes | 67/77 | €5,278 | €0 | -€5,278 | -100.0% |
| Profit (loss) for the period | 9904 | €2,227 | -€37,286 | -€39,513 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,227 | -€37,286 | -€39,513 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.