Pinfosys: 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.
Pinfosys
Largest movements
- Receivables after one year -€19,530
down €19,530 (-15.6%), from €125,000 to €105,470
- Cash -€7,498
down €7,498 (-8.5%), from €88,312 to €80,814
mainly Tax, wage and social debts (-€20,502) and Receivables within one year (-€2,858)
- Receivables within one year +€2,858
up €2,858 (+37.7%), from €7,581 to €10,438
of which Trade receivables: +€2,803
- Profit (loss) carried forward -€183,521
no longer reported in 2025 (was €183,521)
- Reserves +€180,860
new in 2025: €180,860
- Tax, wage and social debts -€20,502
down €20,502 (-51.8%), from €39,578 to €19,076
- Gross operating margin -€92,140
down €92,140, from €89,757 to -€2,383
- Taxes -€18,429
down €18,429 (-99.8%), from €18,474 to €45
- Financial income +€4,443
up €4,443 (+281%), from €1,580 to €6,023
- Financial charges +€4,119
up €4,119 (+6,450%), from €64 to €4,182
- Depreciation +€1,176
up €1,176 (+236%), from €499 to €1,674
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 | €225,571 | €201,400 | -€24,170 | -10.7% |
| Fixed assets | 21/28 | €4,136 | €3,953 | -€183 | -4.4% |
| Tangible fixed assets | 22/27 | €4,136 | €3,953 | -€183 | -4.4% |
| Plant, machinery and equipment | 23 | €255 | €117 | -€137 | -53.9% |
| Furniture and vehicles | 24 | €3,881 | €2,806 | -€1,075 | -27.7% |
| Other tangible fixed assets | 26 | - | €1,030 | +€1,030 | |
| Current assets | 29/58 | €221,435 | €197,447 | -€23,988 | -10.8% |
| Amounts receivable after more than one year | 29 | €125,000 | €105,470 | -€19,530 | -15.6% |
| Other amounts receivable | 291 | €125,000 | €105,470 | -€19,530 | -15.6% |
| Amounts receivable within one year | 40/41 | €7,581 | €10,438 | +€2,858 | +37.7% |
| Trade receivables | 40 | - | €2,803 | +€2,803 | |
| Other amounts receivable | 41 | €7,581 | €7,635 | +€55 | +0.7% |
| Cash at bank and in hand | 54/58 | €88,312 | €80,814 | -€7,498 | -8.5% |
| Deferred charges and accrued income | 490/1 | €542 | €724 | +€183 | +33.7% |
| Total equity and liabilities | 10/49 | €225,571 | €201,400 | -€24,170 | -10.7% |
| Equity | 10/15 | €183,522 | €180,861 | -€2,662 | -1.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | - | €180,860 | +€180,860 | |
| Distributable reserves | 133 | - | €180,860 | +€180,860 | |
| Profit (loss) carried forward | 14 | €183,521 | - | -€183,521 | |
| Amounts payable | 17/49 | €42,048 | €20,540 | -€21,508 | -51.2% |
| Amounts payable within one year | 42/48 | €42,048 | €19,946 | -€22,103 | -52.6% |
| Trade debts | 44 | €2,470 | €870 | -€1,601 | -64.8% |
| Suppliers | 440/4 | €2,470 | €870 | -€1,601 | -64.8% |
| Taxes, remuneration and social security | 45 | €39,578 | €19,076 | -€20,502 | -51.8% |
| Taxes | 450/3 | €39,578 | €19,076 | -€20,502 | -51.8% |
| Accrued charges and deferred income | 492/3 | - | €594 | +€594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €499 | €1,674 | +€1,176 | +236% |
| Other operating charges | 640/8 | €555 | €400 | -€156 | -28.0% |
| Gross operating margin | 9900 | €89,757 | -€2,383 | -€92,140 | |
| Operating profit (loss) | 9901 | €88,703 | -€4,457 | -€93,160 | |
| Financial income | 75/76B | €1,580 | €6,023 | +€4,443 | +281% |
| Recurring financial income | 75 | €1,580 | €6,023 | +€4,443 | +281% |
| Financial charges | 65/66B | €64 | €4,182 | +€4,119 | +6,450% |
| Recurring financial charges | 65 | €64 | €4,182 | +€4,119 | +6,450% |
| Profit (loss) for the period before taxes | 9903 | €90,218 | -€2,617 | -€92,835 | |
| Income taxes | 67/77 | €18,474 | €45 | -€18,429 | -99.8% |
| Profit (loss) for the period | 9904 | €71,744 | -€2,662 | -€74,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,744 | -€2,662 | -€74,406 |
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 31 October 2026 via checked.be.