pINGct: 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.
pINGct
Largest movements
- Intangible fixed assets -€130,136
down €130,136 (-11.8%), from €1.1m to €976,022
- Cash +€33,077
up €33,077 (+59.0%), from €56,043 to €89,120
mainly Depreciation (+€130,916) and Net result for the year (+€19,525)
- Debts after one year -€105,847
down €105,847 (-10.9%), from €971,253 to €865,405
- Other debts +€19,500
new in 2025: €19,500
- Trade debts -€18,986
down €18,986 (-17.7%), from €107,435 to €88,449
- Gross operating margin +€18,237
up €18,237 (+3.8%), from €484,072 to €502,309
- Staff costs +€12,374
up €12,374 (+4.4%), from €281,142 to €293,516
- Financial charges -€8,921
down €8,921 (-17.5%), from €50,997 to €42,076
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 | €1,244,343 | €1,149,221 | -€95,122 | -7.6% |
| Fixed assets | 21/28 | €1,106,434 | €980,365 | -€126,069 | -11.4% |
| Intangible fixed assets | 21 | €1,106,159 | €976,022 | -€130,136 | -11.8% |
| Tangible fixed assets | 22/27 | €276 | €4,343 | +€4,067 | +1,474% |
| Furniture and vehicles | 24 | €276 | €4,343 | +€4,067 | +1,474% |
| Current assets | 29/58 | €137,909 | €168,856 | +€30,947 | +22.4% |
| Amounts receivable within one year | 40/41 | €75,544 | €73,408 | -€2,136 | -2.8% |
| Trade receivables | 40 | €75,544 | €73,408 | -€2,136 | -2.8% |
| Cash at bank and in hand | 54/58 | €56,043 | €89,120 | +€33,077 | +59.0% |
| Deferred charges and accrued income | 490/1 | €6,321 | €6,328 | +€7 | +0.1% |
| Total equity and liabilities | 10/49 | €1,244,343 | €1,149,221 | -€95,122 | -7.6% |
| Equity | 10/15 | €33,509 | €33,534 | +€25 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,900 | €14,900 | = | 0.0% |
| Distributable reserves | 133 | €14,900 | €14,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9 | €34 | +€25 | +284% |
| Amounts payable | 17/49 | €1,210,834 | €1,115,687 | -€95,147 | -7.9% |
| Amounts payable after more than one year | 17 | €971,253 | €865,405 | -€105,847 | -10.9% |
| Financial debts | 170/4 | €971,253 | €865,405 | -€105,847 | -10.9% |
| Amounts payable within one year | 42/48 | €239,581 | €250,281 | +€10,700 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €101,891 | €105,847 | +€3,957 | +3.9% |
| Trade debts | 44 | €107,435 | €88,449 | -€18,986 | -17.7% |
| Suppliers | 440/4 | €107,435 | €88,449 | -€18,986 | -17.7% |
| Taxes, remuneration and social security | 45 | €30,256 | €36,485 | +€6,229 | +20.6% |
| Taxes | 450/3 | €422 | €4,822 | +€4,401 | +1,044% |
| Remuneration and social security | 454/9 | €29,834 | €31,663 | +€1,829 | +6.1% |
| Other amounts payable | 47/48 | - | €19,500 | +€19,500 | |
| Remuneration, social security and pensions | 62 | €281,142 | €293,516 | +€12,374 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,072 | €130,916 | -€155 | -0.1% |
| Other operating charges | 640/8 | €1,211 | €1,998 | +€787 | +65.0% |
| Gross operating margin | 9900 | €484,072 | €502,309 | +€18,237 | +3.8% |
| Operating profit (loss) | 9901 | €70,647 | €75,878 | +€5,231 | +7.4% |
| Financial income | 75/76B | €679 | €779 | +€99 | +14.6% |
| Recurring financial income | 75 | €679 | €779 | +€99 | +14.6% |
| Financial charges | 65/66B | €50,997 | €42,076 | -€8,921 | -17.5% |
| Recurring financial charges | 65 | €50,997 | €42,076 | -€8,921 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €20,329 | €34,581 | +€14,252 | +70.1% |
| Income taxes | 67/77 | €10,624 | €15,056 | +€4,432 | +41.7% |
| Profit (loss) for the period | 9904 | €9,705 | €19,525 | +€9,820 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €9,705 | €19,525 | +€9,820 | +101% |
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 13 October 2026 via checked.be.