PINCIUC GROEP: what changed
PINCIUC GROEP
Largest movements
- Receivables within one year -€80,085
down €80,085 (-24.5%), from €326,418 to €246,333
of which Trade receivables: -€80,072
- Cash -€37,034
down €37,034 (-37.4%), from €99,091 to €62,058
mainly Trade debts (-€178,048) and Deferred charges and accrued income (-€1,750)
- Tangible fixed assets -€6,953
down €6,953 (-52.8%), from €13,176 to €6,223
- Trade debts -€178,048
down €178,048 (-47.6%), from €374,241 to €196,193
- Profit (loss) carried forward +€43,508
up €43,508 (+87.4%), from €49,754 to €93,262
- Other debts +€13,461
up €13,461, from €0 to €13,461
- Taxes +€26,928
new in 2025: €26,928
- Gross operating margin -€5,662
down €5,662 (-6.0%), from €94,920 to €89,258
- Financial charges -€4,490
down €4,490 (-41.0%), from €10,960 to €6,470
- Other operating charges -€2,515
down €2,515 (-38.7%), from €6,502 to €3,987
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 | €445,418 | €323,096 | -€122,322 | -27.5% |
| Fixed assets | 21/28 | €15,126 | €8,173 | -€6,953 | -46.0% |
| Tangible fixed assets | 22/27 | €13,176 | €6,223 | -€6,953 | -52.8% |
| Furniture and vehicles | 24 | €13,176 | €6,223 | -€6,953 | -52.8% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €430,292 | €314,923 | -€115,369 | -26.8% |
| Amounts receivable within one year | 40/41 | €326,418 | €246,333 | -€80,085 | -24.5% |
| Trade receivables | 40 | €320,685 | €240,613 | -€80,072 | -25.0% |
| Other amounts receivable | 41 | €5,733 | €5,720 | -€13 | -0.2% |
| Cash at bank and in hand | 54/58 | €99,091 | €62,058 | -€37,034 | -37.4% |
| Deferred charges and accrued income | 490/1 | €4,783 | €6,533 | +€1,750 | +36.6% |
| Total equity and liabilities | 10/49 | €445,418 | €323,096 | -€122,322 | -27.5% |
| Equity | 10/15 | €52,754 | €96,262 | +€43,508 | +82.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,754 | €93,262 | +€43,508 | +87.4% |
| Amounts payable | 17/49 | €392,664 | €226,835 | -€165,830 | -42.2% |
| Amounts payable within one year | 42/48 | €392,664 | €226,835 | -€165,830 | -42.2% |
| Trade debts | 44 | €374,241 | €196,193 | -€178,048 | -47.6% |
| Suppliers | 440/4 | €374,241 | €196,193 | -€178,048 | -47.6% |
| Taxes, remuneration and social security | 45 | €18,423 | €17,180 | -€1,243 | -6.7% |
| Taxes | 450/3 | - | €15,730 | +€15,730 | |
| Remuneration and social security | 454/9 | €18,423 | €1,450 | -€16,973 | -92.1% |
| Other amounts payable | 47/48 | €0 | €13,461 | +€13,461 | |
| Non-recurring operating income | 76A | €802 | - | -€802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,709 | €6,953 | -€756 | -9.8% |
| Other operating charges | 640/8 | €6,502 | €3,987 | -€2,515 | -38.7% |
| Non-recurring operating charges | 66A | €20,013 | €1,437 | -€18,576 | -92.8% |
| Gross operating margin | 9900 | €94,920 | €89,258 | -€5,662 | -6.0% |
| Operating profit (loss) | 9901 | €60,696 | €76,881 | +€16,185 | +26.7% |
| Financial income | 75/76B | €18 | €25 | +€7 | +38.9% |
| Recurring financial income | 75 | €18 | €25 | +€7 | +38.9% |
| Financial charges | 65/66B | €10,960 | €6,470 | -€4,490 | -41.0% |
| Recurring financial charges | 65 | €10,960 | €6,470 | -€4,490 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €49,754 | €70,436 | +€20,683 | +41.6% |
| Income taxes | 67/77 | - | €26,928 | +€26,928 | |
| Profit (loss) for the period | 9904 | €49,754 | €43,508 | -€6,246 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,754 | €43,508 | -€6,246 | -12.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.