PINGNET: 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.
PINGNET
Largest movements
- Receivables within one year +€34,288
up €34,288 (+40.7%), from €84,244 to €118,532
of which Trade receivables: +€36,373
- Current investments -€31,686
down €31,686 (-8.7%), from €362,299 to €330,613
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€91,590
down €91,590 (-100.0%), from €91,632 to €42
- Financial charges +€33,189
up €33,189 (+2950.3%), from €1,125 to €34,314
- Taxes -€10,610
down €10,610 (-44.1%), from €24,062 to €13,451
- Gross operating margin +€3,445
up €3,445 (+6.8%), from €50,405 to €53,850
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 | €474,520 | €475,877 | +€1,357 | +0.3% |
| Fixed assets | 21/28 | €1,046 | €2,578 | +€1,532 | +146.4% |
| Tangible fixed assets | 22/27 | €1,046 | €2,578 | +€1,532 | +146.4% |
| Plant, machinery and equipment | 23 | - | €1,489 | +€1,489 | |
| Furniture and vehicles | 24 | €1,046 | €1,089 | +€43 | +4.1% |
| Current assets | 29/58 | €473,473 | €473,298 | -€175 | 0.0% |
| Amounts receivable within one year | 40/41 | €84,244 | €118,532 | +€34,288 | +40.7% |
| Trade receivables | 40 | €82,159 | €118,532 | +€36,373 | +44.3% |
| Other amounts receivable | 41 | €2,085 | €0 | -€2,085 | -100.0% |
| Current investments | 50/53 | €362,299 | €330,613 | -€31,686 | -8.7% |
| Cash at bank and in hand | 54/58 | €26,930 | €24,154 | -€2,776 | -10.3% |
| Total equity and liabilities | 10/49 | €474,520 | €475,877 | +€1,357 | +0.3% |
| Equity | 10/15 | €387,648 | €391,749 | +€4,101 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €369,048 | €373,149 | +€4,101 | +1.1% |
| Distributable reserves | 133 | €369,048 | €373,149 | +€4,101 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,871 | €84,127 | -€2,744 | -3.2% |
| Amounts payable within one year | 42/48 | €86,871 | €84,127 | -€2,744 | -3.2% |
| Trade debts | 44 | €331 | €119 | -€213 | -64.2% |
| Suppliers | 440/4 | €331 | €119 | -€213 | -64.2% |
| Taxes, remuneration and social security | 45 | €9,272 | €6,758 | -€2,514 | -27.1% |
| Taxes | 450/3 | €9,272 | €6,758 | -€2,514 | -27.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €77,268 | €77,250 | -€18 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €572 | -€440 | -43.5% |
| Other operating charges | 640/8 | €1,092 | €1,075 | -€17 | -1.5% |
| Non-recurring operating charges | 66A | - | €378 | +€378 | |
| Gross operating margin | 9900 | €50,405 | €53,850 | +€3,445 | +6.8% |
| Operating profit (loss) | 9901 | €48,300 | €51,825 | +€3,524 | +7.3% |
| Financial income | 75/76B | €91,632 | €42 | -€91,590 | -100.0% |
| Recurring financial income | 75 | €91,632 | €42 | -€91,590 | -100.0% |
| Financial charges | 65/66B | €1,125 | €34,314 | +€33,189 | +2950.3% |
| Recurring financial charges | 65 | €1,125 | €34,314 | +€33,189 | +2950.3% |
| Profit (loss) for the period before taxes | 9903 | €138,807 | €17,552 | -€121,255 | -87.4% |
| Income taxes | 67/77 | €24,062 | €13,451 | -€10,610 | -44.1% |
| Profit (loss) for the period | 9904 | €114,746 | €4,101 | -€110,645 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,746 | €4,101 | -€110,645 | -96.4% |
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.