PINDINELLO: 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.
PINDINELLO
Largest movements
- Receivables within one year -€18,114
down €18,114 (-31.5%), from €57,462 to €39,348
of which Other amounts receivable: -€18,120
- Tangible fixed assets -€1,160
down €1,160 (-19.8%), from €5,866 to €4,706
of which Plant, machinery and equipment: -€1,160
- Profit (loss) carried forward -€30,474
down €30,474, from €3,827 to -€26,648
- Trade debts +€7,113
up €7,113 (+75.3%), from €9,450 to €16,563
- Short-term financial debts +€2,301
up €2,301 (+23.3%), from €9,874 to €12,175
- Tax, wage and social debts +€1,176
up €1,176 (+6.2%), from €19,072 to €20,248
of which Remuneration and social security: +€748
- Purchases and services +€35,280
up €35,280 (+18.7%), from €188,477 to €223,757
- Gross operating margin -€32,397
down €32,397 (-56.1%), from €57,763 to €25,367
- Turnover +€2,884
up €2,884 (+1.2%), from €246,240 to €249,124
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,945 | €44,063 | -€19,881 | -31.1% |
| Fixed assets | 21/28 | €5,866 | €4,706 | -€1,160 | -19.8% |
| Tangible fixed assets | 22/27 | €5,866 | €4,706 | -€1,160 | -19.8% |
| Plant, machinery and equipment | 23 | €5,434 | €4,274 | -€1,160 | -21.4% |
| Furniture and vehicles | 24 | €432 | €432 | = | 0.0% |
| Current assets | 29/58 | €58,078 | €39,357 | -€18,721 | -32.2% |
| Amounts receivable within one year | 40/41 | €57,462 | €39,348 | -€18,114 | -31.5% |
| Trade receivables | 40 | €5,019 | €5,025 | +€6 | +0.1% |
| Other amounts receivable | 41 | €52,443 | €34,324 | -€18,120 | -34.6% |
| Current investments | 50/53 | €72 | €9 | -€63 | -87.9% |
| Deferred charges and accrued income | 490/1 | €544 | - | -€544 | |
| Total equity and liabilities | 10/49 | €63,945 | €44,063 | -€19,881 | -31.1% |
| Equity | 10/15 | €22,577 | -€7,898 | -€30,474 | |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,827 | -€26,648 | -€30,474 | |
| Amounts payable | 17/49 | €41,368 | €51,961 | +€10,593 | +25.6% |
| Amounts payable within one year | 42/48 | €41,368 | €51,961 | +€10,593 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €2,971 | €2,975 | +€4 | +0.1% |
| Financial debts | 43 | €9,874 | €12,175 | +€2,301 | +23.3% |
| Credit institutions | 430/8 | €9,874 | €12,175 | +€2,301 | +23.3% |
| Trade debts | 44 | €9,450 | €16,563 | +€7,113 | +75.3% |
| Suppliers | 440/4 | €9,450 | €16,563 | +€7,113 | +75.3% |
| Taxes, remuneration and social security | 45 | €19,072 | €20,248 | +€1,176 | +6.2% |
| Taxes | 450/3 | €8,959 | €9,387 | +€427 | +4.8% |
| Remuneration and social security | 454/9 | €10,113 | €10,861 | +€748 | +7.4% |
| Turnover | 70 | €246,240 | €249,124 | +€2,884 | +1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €188,477 | €223,757 | +€35,280 | +18.7% |
| Remuneration, social security and pensions | 62 | €43,145 | €42,717 | -€428 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €1,160 | +€793 | +216% |
| Other operating charges | 640/8 | €4,621 | €6,983 | +€2,362 | +51.1% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €57,763 | €25,367 | -€32,397 | -56.1% |
| Operating profit (loss) | 9901 | €9,631 | -€25,493 | -€35,124 | |
| Financial income | 75/76B | €2,292 | €2,453 | +€161 | +7.0% |
| Recurring financial income | 75 | €2,292 | €2,453 | +€161 | +7.0% |
| Financial charges | 65/66B | €2,154 | €2,853 | +€698 | +32.4% |
| Recurring financial charges | 65 | €2,154 | €2,853 | +€698 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €9,769 | -€25,892 | -€35,661 | |
| Income taxes | 67/77 | €4,000 | €4,582 | +€582 | +14.5% |
| Profit (loss) for the period | 9904 | €5,769 | -€30,474 | -€36,243 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,769 | -€30,474 | -€36,243 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.