PINCOR: 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.
PINCOR
Largest movements
- Tangible fixed assets -€55,231
down €55,231 (-6.1%), from €903,278 to €848,047
of which Land and buildings: -€41,548
- Cash +€34,816
up €34,816 (+34.3%), from €101,560 to €136,376
mainly Depreciation (+€55,231) and Net result for the year (+€47,376)
- Debts after one year -€53,261
down €53,261 (-16.8%), from €317,551 to €264,290
- Reserves +€41,323
up €41,323 (+76.1%), from €54,324 to €95,647
of which Tax-exempt reserves: +€91,878
- Other debts -€28,203
down €28,203 (-3.6%), from €786,360 to €758,157
- Gross operating margin +€11,267
up €11,267 (+11.0%), from €102,343 to €113,610
- Financial charges +€5,214
up €5,214 (+90.1%), from €5,789 to €11,003
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,444,484 | €1,414,733 | -€29,751 | -2.1% |
| Fixed assets | 21/28 | €903,318 | €848,137 | -€55,181 | -6.1% |
| Tangible fixed assets | 22/27 | €903,278 | €848,047 | -€55,231 | -6.1% |
| Land and buildings | 22 | €835,082 | €793,534 | -€41,548 | -5.0% |
| Plant, machinery and equipment | 23 | €4,658 | €3,117 | -€1,541 | -33.1% |
| Furniture and vehicles | 24 | €63,538 | €51,396 | -€12,142 | -19.1% |
| Financial fixed assets | 28 | €40 | €90 | +€50 | +125% |
| Current assets | 29/58 | €541,166 | €566,596 | +€25,430 | +4.7% |
| Stocks and contracts in progress | 3 | €424,835 | €424,835 | = | 0.0% |
| Stocks | 30/36 | €424,835 | €424,835 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,269 | €5,269 | = | 0.0% |
| Trade receivables | 40 | €5,269 | €5,269 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €101,560 | €136,376 | +€34,816 | +34.3% |
| Deferred charges and accrued income | 490/1 | €9,502 | €116 | -€9,386 | -98.8% |
| Total equity and liabilities | 10/49 | €1,444,484 | €1,414,733 | -€29,751 | -2.1% |
| Equity | 10/15 | €271,847 | €319,223 | +€47,376 | +17.4% |
| Contributions | 10/11 | €176,200 | €176,200 | = | 0.0% |
| Reserves | 13 | €54,324 | €95,647 | +€41,323 | +76.1% |
| Non-distributable reserves | 130/1 | €3,769 | €3,769 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,769 | €3,769 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €91,878 | +€91,878 | |
| Distributable reserves | 133 | €50,555 | - | -€50,555 | |
| Profit (loss) carried forward | 14 | €41,323 | €47,376 | +€6,053 | +14.6% |
| Amounts payable | 17/49 | €1,172,637 | €1,095,510 | -€77,127 | -6.6% |
| Amounts payable after more than one year | 17 | €317,551 | €264,290 | -€53,261 | -16.8% |
| Financial debts | 170/4 | €317,551 | €264,290 | -€53,261 | -16.8% |
| Amounts payable within one year | 42/48 | €855,086 | €831,220 | -€23,866 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €53,024 | €53,261 | +€237 | +0.4% |
| Trade debts | 44 | €5,211 | €6,459 | +€1,248 | +23.9% |
| Suppliers | 440/4 | €5,211 | €6,459 | +€1,248 | +23.9% |
| Taxes, remuneration and social security | 45 | €10,491 | €13,343 | +€2,852 | +27.2% |
| Taxes | 450/3 | €10,491 | €13,343 | +€2,852 | +27.2% |
| Other amounts payable | 47/48 | €786,360 | €758,157 | -€28,203 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,231 | €55,231 | = | 0.0% |
| Gross operating margin | 9900 | €102,343 | €113,610 | +€11,267 | +11.0% |
| Operating profit (loss) | 9901 | €47,112 | €58,379 | +€11,267 | +23.9% |
| Financial charges | 65/66B | €5,789 | €11,003 | +€5,214 | +90.1% |
| Recurring financial charges | 65 | €5,789 | €11,003 | +€5,214 | +90.1% |
| Profit (loss) for the period before taxes | 9903 | €41,323 | €47,376 | +€6,053 | +14.6% |
| Profit (loss) for the period | 9904 | €41,323 | €47,376 | +€6,053 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,323 | €47,376 | +€6,053 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.