PINCETTE: 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.
PINCETTE
Largest movements
- Cash -€120,788
down €120,788 (-61.3%), from €197,107 to €76,319
mainly Contributions, distributions and other (-€91,355) and Receivables within one year (-€63,241)
- Receivables within one year +€63,241
up €63,241 (+349%), from €18,135 to €81,375
of which Other amounts receivable: +€65,556
- Current investments +€6,002
up €6,002 (+17.2%), from €34,995 to €40,997
- Tangible fixed assets -€4,517
down €4,517 (-2.7%), from €164,424 to €159,907
- Reserves -€44,456
down €44,456 (-16.7%), from €266,338 to €221,882
of which Distributable reserves: -€44,456
- Debts after one year -€6,635
down €6,635 (-7.0%), from €94,406 to €87,771
- Other debts -€5,906
no longer reported in 2025 (was €5,906)
- Gross operating margin -€3,444
down €3,444 (-4.8%), from €72,059 to €68,615
- Financial income +€2,820
up €2,820 (+309%), from €911 to €3,732
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 | €415,187 | €358,858 | -€56,329 | -13.6% |
| Fixed assets | 21/28 | €164,424 | €159,907 | -€4,517 | -2.7% |
| Tangible fixed assets | 22/27 | €164,424 | €159,907 | -€4,517 | -2.7% |
| Land and buildings | 22 | €164,424 | €159,907 | -€4,517 | -2.7% |
| Current assets | 29/58 | €250,763 | €198,951 | -€51,812 | -20.7% |
| Amounts receivable within one year | 40/41 | €18,135 | €81,375 | +€63,241 | +349% |
| Trade receivables | 40 | €15,719 | €13,403 | -€2,316 | -14.7% |
| Other amounts receivable | 41 | €2,416 | €67,972 | +€65,556 | +2,713% |
| Current investments | 50/53 | €34,995 | €40,997 | +€6,002 | +17.2% |
| Cash at bank and in hand | 54/58 | €197,107 | €76,319 | -€120,788 | -61.3% |
| Deferred charges and accrued income | 490/1 | €526 | €259 | -€267 | -50.7% |
| Total equity and liabilities | 10/49 | €415,187 | €358,858 | -€56,329 | -13.6% |
| Equity | 10/15 | €302,938 | €258,482 | -€44,456 | -14.7% |
| Contributions | 10/11 | €36,600 | €36,600 | = | 0.0% |
| Reserves | 13 | €266,338 | €221,882 | -€44,456 | -16.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €264,478 | €220,022 | -€44,456 | -16.8% |
| Amounts payable | 17/49 | €112,249 | €100,376 | -€11,873 | -10.6% |
| Amounts payable after more than one year | 17 | €94,406 | €87,771 | -€6,635 | -7.0% |
| Financial debts | 170/4 | €94,406 | €87,771 | -€6,635 | -7.0% |
| Amounts payable within one year | 42/48 | €17,843 | €12,606 | -€5,238 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €6,482 | €6,635 | +€153 | +2.4% |
| Trade debts | 44 | €1,471 | €1,508 | +€37 | +2.5% |
| Suppliers | 440/4 | €1,471 | €1,508 | +€37 | +2.5% |
| Taxes, remuneration and social security | 45 | €3,983 | €4,462 | +€479 | +12.0% |
| Taxes | 450/3 | €3,983 | €4,462 | +€479 | +12.0% |
| Other amounts payable | 47/48 | €5,906 | - | -€5,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,517 | €4,517 | = | 0.0% |
| Other operating charges | 640/8 | €560 | €578 | +€18 | +3.2% |
| Gross operating margin | 9900 | €72,059 | €68,615 | -€3,444 | -4.8% |
| Operating profit (loss) | 9901 | €66,982 | €63,520 | -€3,461 | -5.2% |
| Financial income | 75/76B | €911 | €3,732 | +€2,820 | +309% |
| Recurring financial income | 75 | €911 | €3,732 | +€2,820 | +309% |
| Financial charges | 65/66B | €3,119 | €2,490 | -€629 | -20.2% |
| Recurring financial charges | 65 | €3,119 | €2,490 | -€629 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €64,775 | €64,762 | -€12 | 0.0% |
| Income taxes | 67/77 | €17,902 | €17,864 | -€39 | -0.2% |
| Profit (loss) for the period | 9904 | €46,872 | €46,899 | +€27 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,872 | €46,899 | +€27 | +0.1% |
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 16 October 2026 via checked.be.