Pinckers Distribution: 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.
Pinckers Distribution
Largest movements
- Cash -€62,471
down €62,471 (-7.6%), from €818,601 to €756,131
mainly Investment in fixed assets (net) (-€441,763) and Contributions, distributions and other (-€95,488)
- Tangible fixed assets +€55,064
up €55,064 (+4.6%), from €1.2m to €1.2m
of which Furniture and vehicles: +€80,469
- Receivables within one year +€28,328
up €28,328 (+5.0%), from €561,067 to €589,395
of which Other amounts receivable: +€16,143
- Tax, wage and social debts -€71,857
down €71,857 (-26.4%), from €272,621 to €200,764
of which Taxes: -€47,029
- Trade debts +€54,865
up €54,865 (+20.3%), from €270,179 to €325,044
- Current portion of long-term debt +€44,454
up €44,454 (+15.6%), from €285,536 to €329,991
- Gross operating margin -€277,561
down €277,561 (-12.3%), from €2.3m to €2.0m
- Taxes -€64,176
down €64,176 (-67.3%), from €95,427 to €31,250
- Depreciation -€47,611
down €47,611 (-11.0%), from €434,310 to €386,700
- Financial income -€28,124
down €28,124 (-26.7%), from €105,398 to €77,274
of which Non-recurring financial income: -€31,114
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 | €2,565,377 | €2,586,298 | +€20,921 | +0.8% |
| Fixed assets | 21/28 | €1,185,709 | €1,240,772 | +€55,064 | +4.6% |
| Tangible fixed assets | 22/27 | €1,185,709 | €1,240,772 | +€55,064 | +4.6% |
| Land and buildings | 22 | - | €22,468 | +€22,468 | |
| Plant, machinery and equipment | 23 | €151,683 | €120,973 | -€30,710 | -20.2% |
| Furniture and vehicles | 24 | €233,273 | €313,742 | +€80,469 | +34.5% |
| Leasing and similar rights | 25 | €800,753 | €783,589 | -€17,164 | -2.1% |
| Current assets | 29/58 | €1,379,669 | €1,345,526 | -€34,143 | -2.5% |
| Amounts receivable within one year | 40/41 | €561,067 | €589,395 | +€28,328 | +5.0% |
| Trade receivables | 40 | €547,230 | €559,415 | +€12,185 | +2.2% |
| Other amounts receivable | 41 | €13,837 | €29,980 | +€16,143 | +117% |
| Cash at bank and in hand | 54/58 | €818,601 | €756,131 | -€62,471 | -7.6% |
| Total equity and liabilities | 10/49 | €2,565,377 | €2,586,298 | +€20,921 | +0.8% |
| Equity | 10/15 | €1,161,885 | €1,163,355 | +€1,470 | +0.1% |
| Contributions | 10/11 | €12,009 | €12,009 | = | 0.0% |
| Reserves | 13 | €1,149,875 | €1,151,345 | +€1,470 | +0.1% |
| Tax-exempt reserves | 132 | €122,732 | €130,746 | +€8,014 | +6.5% |
| Distributable reserves | 133 | €1,027,143 | €1,020,600 | -€6,544 | -0.6% |
| Amounts payable | 17/49 | €1,403,493 | €1,422,943 | +€19,450 | +1.4% |
| Amounts payable after more than one year | 17 | €574,284 | €567,145 | -€7,139 | -1.2% |
| Financial debts | 170/4 | €574,284 | €567,145 | -€7,139 | -1.2% |
| Amounts payable within one year | 42/48 | €829,209 | €855,798 | +€26,589 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €285,536 | €329,991 | +€44,454 | +15.6% |
| Trade debts | 44 | €270,179 | €325,044 | +€54,865 | +20.3% |
| Suppliers | 440/4 | €270,179 | €325,044 | +€54,865 | +20.3% |
| Taxes, remuneration and social security | 45 | €272,621 | €200,764 | -€71,857 | -26.4% |
| Taxes | 450/3 | €164,299 | €117,270 | -€47,029 | -28.6% |
| Remuneration and social security | 454/9 | €108,322 | €83,493 | -€24,829 | -22.9% |
| Other amounts payable | 47/48 | €873 | - | -€873 | |
| Remuneration, social security and pensions | 62 | €1,259,872 | €1,257,986 | -€1,886 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434,310 | €386,700 | -€47,611 | -11.0% |
| Other operating charges | 640/8 | €141,168 | €126,589 | -€14,578 | -10.3% |
| Gross operating margin | 9900 | €2,254,442 | €1,976,881 | -€277,561 | -12.3% |
| Operating profit (loss) | 9901 | €419,093 | €205,606 | -€213,486 | -50.9% |
| Financial income | 75/76B | €105,398 | €77,274 | -€28,124 | -26.7% |
| Recurring financial income | 75 | €65,104 | €68,094 | +€2,990 | +4.6% |
| Non-recurring financial income | 76B | €40,294 | €9,180 | -€31,114 | -77.2% |
| Financial charges | 65/66B | €160,157 | €154,672 | -€5,485 | -3.4% |
| Recurring financial charges | 65 | €146,644 | €112,041 | -€34,603 | -23.6% |
| Non-recurring financial charges | 66B | €13,513 | €42,631 | +€29,119 | +215% |
| Profit (loss) for the period before taxes | 9903 | €364,334 | €128,209 | -€236,125 | -64.8% |
| Income taxes | 67/77 | €95,427 | €31,250 | -€64,176 | -67.3% |
| Profit (loss) for the period | 9904 | €268,907 | €96,958 | -€171,949 | -63.9% |
| Transfer to tax-exempt reserves | 689 | €37,863 | €8,014 | -€29,849 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €231,044 | €88,944 | -€142,100 | -61.5% |
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 21 October 2026 via checked.be.