PINCHART & ASSOCIATES: what changed
PINCHART & ASSOCIATES
Largest movements
- Deferred charges and accrued income +€16,321
up €16,321 (+881%), from €1,854 to €18,174
- Receivables within one year -€7,952
down €7,952 (-16.2%), from €49,059 to €41,107
of which Other amounts receivable: -€5,543
- Cash -€4,603
down €4,603 (-13.1%), from €35,147 to €30,544
mainly Other debts (-€32,819) and Contributions, distributions and other (-€25,928)
- Tangible fixed assets +€2,884
up €2,884 (+918%), from €314 to €3,198
of which Plant, machinery and equipment: +€3,166
- Provisions +€42,071
new in 2025: €42,071
- Other debts -€32,819
down €32,819 (-55.9%), from €58,747 to €25,928
- Tax, wage and social debts -€2,313
down €2,313 (-45.3%), from €5,112 to €2,798
- Provisions +€42,071
new in 2025: €42,071
- Gross operating margin +€11,031
up €11,031 (+14.4%), from €76,600 to €87,631
- Taxes +€1,897
up €1,897 (+11.1%), from €17,162 to €19,059
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
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €86,374 | €93,023 | +€6,649 | +7.7% |
| Fixed assets | 21/28 | €314 | €3,198 | +€2,884 | +918% |
| Tangible fixed assets | 22/27 | €314 | €3,198 | +€2,884 | +918% |
| Plant, machinery and equipment | 23 | - | €3,166 | +€3,166 | |
| Furniture and vehicles | 24 | €314 | €32 | -€282 | -89.9% |
| Current assets | 29/58 | €86,060 | €89,825 | +€3,765 | +4.4% |
| Amounts receivable within one year | 40/41 | €49,059 | €41,107 | -€7,952 | -16.2% |
| Trade receivables | 40 | €19,522 | €17,113 | -€2,409 | -12.3% |
| Other amounts receivable | 41 | €29,537 | €23,994 | -€5,543 | -18.8% |
| Cash at bank and in hand | 54/58 | €35,147 | €30,544 | -€4,603 | -13.1% |
| Deferred charges and accrued income | 490/1 | €1,854 | €18,174 | +€16,321 | +881% |
| Total equity and liabilities | 10/49 | €86,374 | €93,023 | +€6,649 | +7.7% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €42,071 | +€42,071 | |
| Provisions for liabilities and charges | 160/5 | - | €42,071 | +€42,071 | |
| Other liabilities and charges | 164/5 | - | €42,071 | +€42,071 | |
| Amounts payable | 17/49 | €65,914 | €30,492 | -€35,422 | -53.7% |
| Amounts payable within one year | 42/48 | €64,824 | €29,402 | -€35,422 | -54.6% |
| Trade debts | 44 | €965 | €675 | -€290 | -30.0% |
| Suppliers | 440/4 | €965 | €675 | -€290 | -30.0% |
| Taxes, remuneration and social security | 45 | €5,112 | €2,798 | -€2,313 | -45.3% |
| Taxes | 450/3 | €5,112 | €2,798 | -€2,313 | -45.3% |
| Other amounts payable | 47/48 | €58,747 | €25,928 | -€32,819 | -55.9% |
| Accrued charges and deferred income | 492/3 | €1,091 | €1,091 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €319 | +€37 | +13.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €42,071 | +€42,071 | |
| Other operating charges | 640/8 | €670 | €682 | +€13 | +1.9% |
| Gross operating margin | 9900 | €76,600 | €87,631 | +€11,031 | +14.4% |
| Operating profit (loss) | 9901 | €75,648 | €44,558 | -€31,090 | -41.1% |
| Financial income | 75/76B | €314 | €518 | +€203 | +64.8% |
| Recurring financial income | 75 | €314 | €518 | +€203 | +64.8% |
| Financial charges | 65/66B | €54 | €88 | +€34 | +63.7% |
| Recurring financial charges | 65 | €54 | €88 | +€34 | +63.7% |
| Profit (loss) for the period before taxes | 9903 | €75,908 | €44,987 | -€30,921 | -40.7% |
| Income taxes | 67/77 | €17,162 | €19,059 | +€1,897 | +11.1% |
| Profit (loss) for the period | 9904 | €58,746 | €25,928 | -€32,818 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,746 | €25,928 | -€32,818 | -55.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.