Pinçon: what changed
Two fiscal 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.
Pinçon
Largest movements
- Receivables within one year -€42,680
down €42,680 (-86.5%), from €49,340 to €6,660
of which Trade receivables: -€44,162
- Tangible fixed assets -€10,715
down €10,715 (-25.7%), from €41,774 to €31,059
of which Furniture and vehicles: -€9,385
- Cash -€6,106
down €6,106 (-54.9%), from €11,123 to €5,016
mainly Net result for the year (-€53,619) and Tax, wage and social debts (-€12,975)
- Deferred charges and accrued income -€5,932
no longer reported in 2025 (was €5,932)
- Profit (loss) carried forward -€53,619
new in 2025: -€53,619
- Tax, wage and social debts -€12,975
down €12,975 (-63.7%), from €20,369 to €7,395
of which Taxes: -€8,300
- Other debts +€2,068
up €2,068 (+2.6%), from €78,669 to €80,737
- Gross operating margin -€66,831
down €66,831, from €29,001 to -€37,830
- Staff costs -€8,822
down €8,822 (-66.6%), from €13,241 to €4,419
- Taxes -€1,700
down €1,700 (-92.0%), from €1,847 to €148
- Depreciation +€454
up €454 (+4.4%), from €10,261 to €10,715
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.
Cash bridge derived
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 | €108,169 | €42,735 | -€65,434 | -60.5% |
| Fixed assets | 21/28 | €41,774 | €31,059 | -€10,715 | -25.7% |
| Tangible fixed assets | 22/27 | €41,774 | €31,059 | -€10,715 | -25.7% |
| Plant, machinery and equipment | 23 | €1,636 | €866 | -€771 | -47.1% |
| Furniture and vehicles | 24 | €37,538 | €28,154 | -€9,385 | -25.0% |
| Other tangible fixed assets | 26 | €2,600 | €2,040 | -€560 | -21.5% |
| Current assets | 29/58 | €66,394 | €11,676 | -€54,718 | -82.4% |
| Amounts receivable within one year | 40/41 | €49,340 | €6,660 | -€42,680 | -86.5% |
| Trade receivables | 40 | €49,340 | €5,179 | -€44,162 | -89.5% |
| Other amounts receivable | 41 | - | €1,481 | +€1,481 | |
| Cash at bank and in hand | 54/58 | €11,123 | €5,016 | -€6,106 | -54.9% |
| Deferred charges and accrued income | 490/1 | €5,932 | - | -€5,932 | |
| Total equity and liabilities | 10/49 | €108,169 | €42,735 | -€65,434 | -60.5% |
| Equity | 10/15 | €8,220 | -€45,399 | -€53,619 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,220 | €3,220 | = | 0.0% |
| Distributable reserves | 133 | €3,220 | €3,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€53,619 | -€53,619 | |
| Amounts payable | 17/49 | €99,949 | €88,134 | -€11,815 | -11.8% |
| Amounts payable within one year | 42/48 | €99,949 | €88,134 | -€11,815 | -11.8% |
| Trade debts | 44 | €911 | €3 | -€908 | -99.7% |
| Suppliers | 440/4 | €911 | €3 | -€908 | -99.7% |
| Taxes, remuneration and social security | 45 | €20,369 | €7,395 | -€12,975 | -63.7% |
| Taxes | 450/3 | €15,694 | €7,395 | -€8,300 | -52.9% |
| Remuneration and social security | 454/9 | €4,675 | - | -€4,675 | |
| Other amounts payable | 47/48 | €78,669 | €80,737 | +€2,068 | +2.6% |
| Remuneration, social security and pensions | 62 | €13,241 | €4,419 | -€8,822 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,261 | €10,715 | +€454 | +4.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €29,001 | -€37,830 | -€66,831 | |
| Operating profit (loss) | 9901 | €5,112 | -€53,364 | -€58,476 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €59 | €107 | +€48 | +80.8% |
| Recurring financial charges | 65 | €59 | €107 | +€48 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €5,067 | -€53,471 | -€58,538 | |
| Income taxes | 67/77 | €1,847 | €148 | -€1,700 | -92.0% |
| Profit (loss) for the period | 9904 | €3,220 | -€53,619 | -€56,838 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,220 | -€53,619 | -€56,838 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.