PINGOVAL: 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.
PINGOVAL
Largest movements
- Tangible fixed assets -€211,620
down €211,620 (-50.4%), from €419,620 to €208,000
- Profit (loss) carried forward -€224,500
down €224,500 (-167.4%), from -€134,121 to -€358,620
- Debts after one year +€9,051
up €9,051 (+1.7%), from €530,803 to €539,854
of which Other amounts payable: +€35,439
- Depreciation -€8,059
no longer reported in 2025 (was €8,059)
- Financial charges +€597
up €597 (+6.3%), from €9,476 to €10,074
- Other operating charges -€360
down €360 (-30.9%), from €1,166 to €806
- Gross operating margin +€64
no longer reported in 2025 (was -€64)
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 | €423,156 | €209,618 | -€213,538 | -50.5% |
| Fixed assets | 21/28 | €419,620 | €208,000 | -€211,620 | -50.4% |
| Tangible fixed assets | 22/27 | €419,620 | €208,000 | -€211,620 | -50.4% |
| Land and buildings | 22 | €419,620 | €208,000 | -€211,620 | -50.4% |
| Current assets | 29/58 | €3,536 | €1,618 | -€1,918 | -54.2% |
| Amounts receivable within one year | 40/41 | €1,387 | €1,387 | = | 0.0% |
| Other amounts receivable | 41 | €1,387 | €1,387 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,149 | €231 | -€1,918 | -89.2% |
| Total equity and liabilities | 10/49 | €423,156 | €209,618 | -€213,538 | -50.5% |
| Equity | 10/15 | -€131,121 | -€355,620 | -€224,500 | -171.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,121 | -€358,620 | -€224,500 | -167.4% |
| Amounts payable | 17/49 | €554,277 | €565,239 | +€10,962 | +2.0% |
| Amounts payable after more than one year | 17 | €530,803 | €539,854 | +€9,051 | +1.7% |
| Financial debts | 170/4 | €240,106 | €213,718 | -€26,388 | -11.0% |
| Other amounts payable | 178/9 | €290,697 | €326,136 | +€35,439 | +12.2% |
| Amounts payable within one year | 42/48 | €23,474 | €25,385 | +€1,910 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €20,546 | €20,844 | +€298 | +1.4% |
| Trade debts | 44 | €387 | €2,000 | +€1,613 | +416.3% |
| Suppliers | 440/4 | €387 | €2,000 | +€1,613 | +416.3% |
| Other amounts payable | 47/48 | €2,541 | €2,541 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,059 | - | -€8,059 | |
| Other operating charges | 640/8 | €1,166 | €806 | -€360 | -30.9% |
| Non-recurring operating charges | 66A | - | €213,620 | +€213,620 | |
| Gross operating margin | 9900 | -€64 | - | +€64 | |
| Operating profit (loss) | 9901 | -€9,288 | -€214,426 | -€205,138 | -2208.6% |
| Financial charges | 65/66B | €9,476 | €10,074 | +€597 | +6.3% |
| Recurring financial charges | 65 | €9,476 | €10,074 | +€597 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,764 | -€224,500 | -€205,735 | -1096.4% |
| Profit (loss) for the period | 9904 | -€18,764 | -€224,500 | -€205,735 | -1096.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,764 | -€224,500 | -€205,735 | -1096.4% |
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 8 October 2026 via checked.be.