PING AN 168: 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.
PING AN 168
Largest movements
- Cash +€19,491
up €19,491 (+60.3%), from €32,333 to €51,824
mainly Other debts (+€28,501) and Depreciation (+€27,050)
- Receivables within one year -€15,954
down €15,954 (-56.8%), from €28,084 to €12,130
- Stocks and contracts +€8,988
up €8,988 (+11.0%), from €81,390 to €90,377
- Tangible fixed assets +€2,323
up €2,323 (+4.7%), from €49,213 to €51,536
of which Furniture and vehicles: +€3,233
- Other debts +€28,501
up €28,501 (+377%), from €7,560 to €36,061
- Reserves -€13,898
down €13,898 (-8.9%), from €155,430 to €141,532
of which Distributable reserves: -€13,898
- Tax, wage and social debts +€6,062
up €6,062 (+84.0%), from €7,213 to €13,274
of which Taxes: +€4,523
- Current portion of long-term debt -€4,367
down €4,367 (-57.9%), from €7,548 to €3,181
- Debts after one year -€3,181
no longer reported in 2025 (was €3,181)
- Gross operating margin +€23,613
up €23,613 (+36.4%), from €64,938 to €88,550
- Taxes +€10,587
up €10,587 (+369%), from €2,870 to €13,457
- Staff costs -€7,277
down €7,277 (-25.6%), from €28,401 to €21,123
- Depreciation +€4,139
up €4,139 (+18.1%), from €22,911 to €27,050
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 | €201,452 | €216,241 | +€14,789 | +7.3% |
| Fixed assets | 21/28 | €59,646 | €61,564 | +€1,918 | +3.2% |
| Intangible fixed assets | 21 | €1,334 | €929 | -€405 | -30.4% |
| Tangible fixed assets | 22/27 | €49,213 | €51,536 | +€2,323 | +4.7% |
| Furniture and vehicles | 24 | €40,666 | €43,899 | +€3,233 | +7.9% |
| Other tangible fixed assets | 26 | €8,547 | €7,637 | -€910 | -10.6% |
| Financial fixed assets | 28 | €9,099 | €9,099 | = | 0.0% |
| Current assets | 29/58 | €141,807 | €154,678 | +€12,871 | +9.1% |
| Stocks and contracts in progress | 3 | €81,390 | €90,377 | +€8,988 | +11.0% |
| Stocks | 30/36 | €81,390 | €90,377 | +€8,988 | +11.0% |
| Amounts receivable within one year | 40/41 | €28,084 | €12,130 | -€15,954 | -56.8% |
| Other amounts receivable | 41 | €28,084 | €12,130 | -€15,954 | -56.8% |
| Cash at bank and in hand | 54/58 | €32,333 | €51,824 | +€19,491 | +60.3% |
| Deferred charges and accrued income | 490/1 | - | €347 | +€347 | |
| Total equity and liabilities | 10/49 | €201,452 | €216,241 | +€14,789 | +7.3% |
| Equity | 10/15 | €174,030 | €160,132 | -€13,898 | -8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155,430 | €141,532 | -€13,898 | -8.9% |
| Non-distributable reserves | 130/1 | €1,637 | €1,637 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,637 | €1,637 | = | 0.0% |
| Distributable reserves | 133 | €153,793 | €139,895 | -€13,898 | -9.0% |
| Amounts payable | 17/49 | €27,423 | €56,109 | +€28,686 | +105% |
| Amounts payable after more than one year | 17 | €3,181 | - | -€3,181 | |
| Financial debts | 170/4 | €3,181 | - | -€3,181 | |
| Amounts payable within one year | 42/48 | €24,216 | €56,109 | +€31,893 | +132% |
| Current portion of amounts payable after more than one year | 42 | €7,548 | €3,181 | -€4,367 | -57.9% |
| Trade debts | 44 | €1,896 | €3,593 | +€1,697 | +89.5% |
| Suppliers | 440/4 | €1,896 | €3,593 | +€1,697 | +89.5% |
| Taxes, remuneration and social security | 45 | €7,213 | €13,274 | +€6,062 | +84.0% |
| Taxes | 450/3 | €5,082 | €9,604 | +€4,523 | +89.0% |
| Remuneration and social security | 454/9 | €2,131 | €3,670 | +€1,539 | +72.2% |
| Other amounts payable | 47/48 | €7,560 | €36,061 | +€28,501 | +377% |
| Accrued charges and deferred income | 492/3 | €26 | - | -€26 | |
| Remuneration, social security and pensions | 62 | €28,401 | €21,123 | -€7,277 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,911 | €27,050 | +€4,139 | +18.1% |
| Other operating charges | 640/8 | €3,124 | €3,052 | -€72 | -2.3% |
| Gross operating margin | 9900 | €64,938 | €88,550 | +€23,613 | +36.4% |
| Operating profit (loss) | 9901 | €10,502 | €37,325 | +€26,823 | +255% |
| Financial charges | 65/66B | €2,630 | €2,481 | -€149 | -5.7% |
| Recurring financial charges | 65 | €2,630 | €2,481 | -€149 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €7,872 | €34,844 | +€26,972 | +343% |
| Income taxes | 67/77 | €2,870 | €13,457 | +€10,587 | +369% |
| Profit (loss) for the period | 9904 | €5,002 | €21,387 | +€16,385 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €5,002 | €21,387 | +€16,385 | +328% |
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 15 October 2026 via checked.be.