PING: 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.
PING
Largest movements
- Tangible fixed assets +€41,282
up €41,282 (+179.0%), from €23,058 to €64,340
of which Furniture and vehicles: +€33,341
- Cash +€18,038
up €18,038 (+160.8%), from €11,215 to €29,253
mainly Debts after one year (+€29,377) and Other debts (+€13,732)
- Receivables within one year +€5,555
up €5,555 (+4.9%), from €113,721 to €119,276
of which Trade receivables: +€7,378
- Deferred charges and accrued income -€2,312
down €2,312 (-43.4%), from €5,331 to €3,018
- Debts after one year +€29,377
new in 2025: €29,377
- Other debts +€13,732
up €13,732 (+248.9%), from €5,518 to €19,249
- Profit (loss) carried forward +€13,675
up €13,675 (+4.1%), from -€336,902 to -€323,227
- Current portion of long-term debt +€6,169
up €6,169 (+287.5%), from €2,146 to €8,315
- Tax, wage and social debts -€2,432
down €2,432 (-86.7%), from €2,804 to €372
of which Remuneration and social security: -€1,368
- Provisions -€47,314
no longer reported in 2025 (was €47,314)
- Staff costs -€4,889
down €4,889 (-41.9%), from €11,656 to €6,767
- Depreciation -€4,451
down €4,451 (-39.1%), from €11,378 to €6,927
- Gross operating margin -€4,206
down €4,206 (-10.9%), from €38,535 to €34,329
- Taxes +€1,954
up €1,954 (+491.6%), from €398 to €2,352
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 | €155,104 | €217,682 | +€62,579 | +40.3% |
| Fixed assets | 21/28 | €23,158 | €64,440 | +€41,282 | +178.3% |
| Tangible fixed assets | 22/27 | €23,058 | €64,340 | +€41,282 | +179.0% |
| Plant, machinery and equipment | 23 | €475 | €155 | -€319 | -67.3% |
| Furniture and vehicles | 24 | €10,549 | €43,890 | +€33,341 | +316.0% |
| Other tangible fixed assets | 26 | €12,034 | €20,294 | +€8,260 | +68.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €131,946 | €153,243 | +€21,297 | +16.1% |
| Stocks and contracts in progress | 3 | €579 | €595 | +€16 | +2.8% |
| Stocks | 30/36 | €579 | €595 | +€16 | +2.8% |
| Amounts receivable within one year | 40/41 | €113,721 | €119,276 | +€5,555 | +4.9% |
| Trade receivables | 40 | €51,033 | €58,411 | +€7,378 | +14.5% |
| Other amounts receivable | 41 | €62,688 | €60,865 | -€1,823 | -2.9% |
| Current investments | 50/53 | €1,101 | €1,101 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,215 | €29,253 | +€18,038 | +160.8% |
| Deferred charges and accrued income | 490/1 | €5,331 | €3,018 | -€2,312 | -43.4% |
| Total equity and liabilities | 10/49 | €155,104 | €217,682 | +€62,579 | +40.3% |
| Equity | 10/15 | €94,098 | €107,773 | +€13,675 | +14.5% |
| Contributions | 10/11 | €431,000 | €431,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€336,902 | -€323,227 | +€13,675 | +4.1% |
| Provisions and deferred taxes | 16 | €47,314 | €47,314 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,314 | €47,314 | = | 0.0% |
| Other liabilities and charges | 164/5 | €47,314 | €47,314 | = | 0.0% |
| Amounts payable | 17/49 | €13,691 | €62,595 | +€48,904 | +357.2% |
| Amounts payable after more than one year | 17 | - | €29,377 | +€29,377 | |
| Financial debts | 170/4 | - | €29,377 | +€29,377 | |
| Amounts payable within one year | 42/48 | €13,691 | €33,218 | +€19,526 | +142.6% |
| Current portion of amounts payable after more than one year | 42 | €2,146 | €8,315 | +€6,169 | +287.5% |
| Trade debts | 44 | €3,224 | €5,281 | +€2,057 | +63.8% |
| Suppliers | 440/4 | €3,224 | €5,281 | +€2,057 | +63.8% |
| Taxes, remuneration and social security | 45 | €2,804 | €372 | -€2,432 | -86.7% |
| Taxes | 450/3 | €1,436 | €372 | -€1,064 | -74.1% |
| Remuneration and social security | 454/9 | €1,368 | - | -€1,368 | |
| Other amounts payable | 47/48 | €5,518 | €19,249 | +€13,732 | +248.9% |
| Remuneration, social security and pensions | 62 | €11,656 | €6,767 | -€4,889 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,378 | €6,927 | -€4,451 | -39.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €47,314 | - | -€47,314 | |
| Other operating charges | 640/8 | €1,260 | €1,523 | +€264 | +20.9% |
| Gross operating margin | 9900 | €38,535 | €34,329 | -€4,206 | -10.9% |
| Operating profit (loss) | 9901 | -€33,072 | €19,112 | +€52,184 | |
| Financial income | 75/76B | €368 | €274 | -€94 | -25.7% |
| Recurring financial income | 75 | €368 | €274 | -€94 | -25.7% |
| Financial charges | 65/66B | €1,537 | €3,359 | +€1,822 | +118.5% |
| Recurring financial charges | 65 | €1,537 | €3,359 | +€1,822 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,241 | €16,027 | +€50,268 | |
| Income taxes | 67/77 | €398 | €2,352 | +€1,954 | +491.6% |
| Profit (loss) for the period | 9904 | -€34,638 | €13,675 | +€48,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,638 | €13,675 | +€48,313 |
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 7 October 2026 via checked.be.