PINCKAERS CONSTRUCTION: 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.
PINCKAERS CONSTRUCTION
Largest movements
- Tangible fixed assets -€32,113
down €32,113 (-35.1%), from €91,454 to €59,341
of which Leasing and similar rights: -€29,558
- Receivables within one year -€20,198
down €20,198 (-88.9%), from €22,711 to €2,513
of which Trade receivables: -€18,484
- Stocks and contracts +€15,900
up €15,900 (+216%), from €7,350 to €23,250
- Cash +€3,055
up €3,055 (+128%), from €2,379 to €5,434
mainly Depreciation (+€32,113) and Receivables within one year (+€20,198)
- Debts after one year -€23,886
down €23,886 (-42.2%), from €56,595 to €32,709
- Profit (loss) carried forward +€14,431
up €14,431 (+170%), from €8,501 to €22,932
- Trade debts -€14,396
down €14,396 (-55.0%), from €26,194 to €11,798
- Current portion of long-term debt -€8,871
down €8,871 (-27.0%), from €32,807 to €23,936
- Gross operating margin +€21,509
up €21,509 (+26.9%), from €80,051 to €101,560
- Depreciation -€8,083
down €8,083 (-20.1%), from €40,197 to €32,113
- Staff costs +€6,481
up €6,481 (+14.5%), from €44,617 to €51,098
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 | €125,232 | €91,875 | -€33,357 | -26.6% |
| Fixed assets | 21/28 | €91,589 | €59,476 | -€32,113 | -35.1% |
| Tangible fixed assets | 22/27 | €91,454 | €59,341 | -€32,113 | -35.1% |
| Plant, machinery and equipment | 23 | €7,005 | €4,838 | -€2,168 | -30.9% |
| Furniture and vehicles | 24 | €388 | €0 | -€388 | -100% |
| Leasing and similar rights | 25 | €84,061 | €54,503 | -€29,558 | -35.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €33,643 | €32,399 | -€1,244 | -3.7% |
| Stocks and contracts in progress | 3 | €7,350 | €23,250 | +€15,900 | +216% |
| Stocks | 30/36 | €7,350 | €23,250 | +€15,900 | +216% |
| Amounts receivable within one year | 40/41 | €22,711 | €2,513 | -€20,198 | -88.9% |
| Trade receivables | 40 | €19,104 | €620 | -€18,484 | -96.8% |
| Other amounts receivable | 41 | €3,607 | €1,893 | -€1,714 | -47.5% |
| Cash at bank and in hand | 54/58 | €2,379 | €5,434 | +€3,055 | +128% |
| Deferred charges and accrued income | 490/1 | €1,203 | €1,203 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €125,232 | €91,875 | -€33,357 | -26.6% |
| Equity | 10/15 | €9,001 | €23,432 | +€14,431 | +160% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,501 | €22,932 | +€14,431 | +170% |
| Amounts payable | 17/49 | €116,231 | €68,443 | -€47,788 | -41.1% |
| Amounts payable after more than one year | 17 | €56,595 | €32,709 | -€23,886 | -42.2% |
| Financial debts | 170/4 | €56,595 | €32,709 | -€23,886 | -42.2% |
| Amounts payable within one year | 42/48 | €59,635 | €35,734 | -€23,902 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €32,807 | €23,936 | -€8,871 | -27.0% |
| Trade debts | 44 | €26,194 | €11,798 | -€14,396 | -55.0% |
| Suppliers | 440/4 | €26,194 | €11,798 | -€14,396 | -55.0% |
| Taxes, remuneration and social security | 45 | €634 | €0 | -€634 | -100% |
| Remuneration and social security | 454/9 | €634 | €0 | -€634 | -100% |
| Remuneration, social security and pensions | 62 | €44,617 | €51,098 | +€6,481 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,197 | €32,113 | -€8,083 | -20.1% |
| Other operating charges | 640/8 | €1,124 | €1,211 | +€87 | +7.7% |
| Gross operating margin | 9900 | €80,051 | €101,560 | +€21,509 | +26.9% |
| Operating profit (loss) | 9901 | -€5,887 | €17,138 | +€23,025 | |
| Financial charges | 65/66B | €3,685 | €2,708 | -€977 | -26.5% |
| Recurring financial charges | 65 | €3,685 | €2,708 | -€977 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,571 | €14,431 | +€24,002 | |
| Profit (loss) for the period | 9904 | -€9,571 | €14,431 | +€24,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,571 | €14,431 | +€24,002 |
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 25 October 2026 via checked.be.