PINDAKAAS: 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.
PINDAKAAS
Largest movements
- Current investments -€490,618
down €490,618 (-100.0%), from €490,618 to €0
- Tangible fixed assets -€184,392
down €184,392 (-9.2%), from €2.0m to €1.8m
of which Other tangible fixed assets: -€251,792
- Cash +€117,029
up €117,029 (+18.1%), from €646,183 to €763,212
mainly Current investments (+€490,618) and Depreciation (+€294,276)
- Debts after one year -€1.0m
down €1.0m (-50.3%), from €2.0m to €1.0m
of which Trade debts: -€2.0m
- Profit (loss) carried forward +€176,120
up €176,120 (+41.0%), from €429,513 to €605,633
- Current portion of long-term debt +€157,722
new in 2025: €157,722
- Trade debts +€127,231
up €127,231 (+14.6%), from €872,712 to €999,943
- Gross operating margin -€242,956
down €242,956 (-14.9%), from €1.6m to €1.4m
- Staff costs -€133,944
down €133,944 (-13.6%), from €986,412 to €852,469
- Taxes +€23,972
up €23,972 (+65.8%), from €36,423 to €60,395
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 | €3,599,733 | €3,019,016 | -€580,717 | -16.1% |
| Fixed assets | 21/28 | €1,997,033 | €1,812,640 | -€184,392 | -9.2% |
| Tangible fixed assets | 22/27 | €1,997,033 | €1,812,640 | -€184,392 | -9.2% |
| Plant, machinery and equipment | 23 | €163,852 | €231,252 | +€67,400 | +41.1% |
| Other tangible fixed assets | 26 | €1,833,181 | €1,581,389 | -€251,792 | -13.7% |
| Current assets | 29/58 | €1,602,700 | €1,206,376 | -€396,325 | -24.7% |
| Stocks and contracts in progress | 3 | €365,651 | €354,165 | -€11,486 | -3.1% |
| Stocks | 30/36 | €365,651 | €354,165 | -€11,486 | -3.1% |
| Amounts receivable within one year | 40/41 | €61,992 | €54,753 | -€7,239 | -11.7% |
| Trade receivables | 40 | €25,949 | €3,715 | -€22,234 | -85.7% |
| Other amounts receivable | 41 | €36,043 | €51,038 | +€14,995 | +41.6% |
| Current investments | 50/53 | €490,618 | €0 | -€490,618 | -100.0% |
| Cash at bank and in hand | 54/58 | €646,183 | €763,212 | +€117,029 | +18.1% |
| Deferred charges and accrued income | 490/1 | €38,256 | €34,245 | -€4,011 | -10.5% |
| Total equity and liabilities | 10/49 | €3,599,733 | €3,019,016 | -€580,717 | -16.1% |
| Equity | 10/15 | €479,513 | €655,633 | +€176,120 | +36.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €429,513 | €605,633 | +€176,120 | +41.0% |
| Amounts payable | 17/49 | €3,120,220 | €2,363,383 | -€756,837 | -24.3% |
| Amounts payable after more than one year | 17 | €2,025,300 | €1,007,402 | -€1.0m | -50.3% |
| Financial debts | 170/4 | - | €1,003,573 | +€1.0m | |
| Trade debts | 175 | €2,025,300 | €3,828 | -€2.0m | -99.8% |
| Amounts payable within one year | 42/48 | €1,094,921 | €1,355,981 | +€261,061 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | - | €157,722 | +€157,722 | |
| Trade debts | 44 | €872,712 | €999,943 | +€127,231 | +14.6% |
| Suppliers | 440/4 | €872,712 | €999,943 | +€127,231 | +14.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €222,209 | €198,317 | -€23,893 | -10.8% |
| Taxes | 450/3 | €129,332 | €118,952 | -€10,380 | -8.0% |
| Remuneration and social security | 454/9 | €92,877 | €79,364 | -€13,513 | -14.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €986,412 | €852,469 | -€133,944 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295,227 | €294,276 | -€951 | -0.3% |
| Other operating charges | 640/8 | €5,586 | €461 | -€5,125 | -91.7% |
| Gross operating margin | 9900 | €1,625,836 | €1,382,879 | -€242,956 | -14.9% |
| Operating profit (loss) | 9901 | €338,611 | €235,674 | -€102,937 | -30.4% |
| Financial income | 75/76B | €25,379 | €25,525 | +€146 | +0.6% |
| Recurring financial income | 75 | €25,379 | €25,525 | +€146 | +0.6% |
| Financial charges | 65/66B | €21,287 | €24,683 | +€3,395 | +16.0% |
| Recurring financial charges | 65 | €21,287 | €24,683 | +€3,395 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €342,702 | €236,516 | -€106,187 | -31.0% |
| Income taxes | 67/77 | €36,423 | €60,395 | +€23,972 | +65.8% |
| Profit (loss) for the period | 9904 | €306,279 | €176,120 | -€130,159 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €306,279 | €176,120 | -€130,159 | -42.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.