PINGPONG: 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.
PINGPONG
Largest movements
- Receivables within one year +€38,204
up €38,204 (+24.2%), from €157,688 to €195,892
of which Trade receivables: +€30,996
- Cash +€24,881
up €24,881 (+73.3%), from €33,925 to €58,806
mainly Net result for the year (+€56,780) and Tax, wage and social debts (+€16,615)
- Tangible fixed assets +€3,818
up €3,818 (+298.4%), from €1,280 to €5,097
- Reserves +€56,780
up €56,780 (+204.1%), from €27,819 to €84,599
of which Distributable reserves: +€56,780
- Tax, wage and social debts +€16,615
up €16,615 (+86.8%), from €19,132 to €35,747
- Other debts -€4,482
down €4,482 (-4.6%), from €97,825 to €93,343
- Gross operating margin +€59,140
up €59,140 (+254.9%), from €23,198 to €82,338
- Taxes +€15,859
up €15,859 (+196.4%), from €8,075 to €23,935
- Other operating charges +€5,690
up €5,690 (+1177.2%), from €483 to €6,173
- Financial income -€4,440
down €4,440 (-35.0%), from €12,675 to €8,235
- Depreciation +€885
up €885 (+265.1%), from €334 to €1,219
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 | €222,893 | €289,913 | +€67,020 | +30.1% |
| Fixed assets | 21/28 | €1,280 | €5,097 | +€3,818 | +298.4% |
| Tangible fixed assets | 22/27 | €1,280 | €5,097 | +€3,818 | +298.4% |
| Furniture and vehicles | 24 | €1,280 | €5,097 | +€3,818 | +298.4% |
| Current assets | 29/58 | €221,613 | €284,816 | +€63,202 | +28.5% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,688 | €195,892 | +€38,204 | +24.2% |
| Trade receivables | 40 | €4,254 | €35,250 | +€30,996 | +728.6% |
| Other amounts receivable | 41 | €153,434 | €160,642 | +€7,208 | +4.7% |
| Cash at bank and in hand | 54/58 | €33,925 | €58,806 | +€24,881 | +73.3% |
| Deferred charges and accrued income | 490/1 | - | €118 | +€118 | |
| Total equity and liabilities | 10/49 | €222,893 | €289,913 | +€67,020 | +30.1% |
| Equity | 10/15 | €98,109 | €154,889 | +€56,780 | +57.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,819 | €84,599 | +€56,780 | +204.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,959 | €82,739 | +€56,780 | +218.7% |
| Profit (loss) carried forward | 14 | €51,690 | €51,690 | = | 0.0% |
| Amounts payable | 17/49 | €124,784 | €135,024 | +€10,240 | +8.2% |
| Amounts payable within one year | 42/48 | €124,784 | €135,024 | +€10,240 | +8.2% |
| Financial debts | 43 | €2,297 | - | -€2,297 | |
| Credit institutions | 430/8 | €2,297 | - | -€2,297 | |
| Trade debts | 44 | €5,530 | €5,934 | +€404 | +7.3% |
| Suppliers | 440/4 | €5,530 | €5,934 | +€404 | +7.3% |
| Taxes, remuneration and social security | 45 | €19,132 | €35,747 | +€16,615 | +86.8% |
| Taxes | 450/3 | €19,132 | €35,747 | +€16,615 | +86.8% |
| Other amounts payable | 47/48 | €97,825 | €93,343 | -€4,482 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334 | €1,219 | +€885 | +265.1% |
| Other operating charges | 640/8 | €483 | €6,173 | +€5,690 | +1177.2% |
| Non-recurring operating charges | 66A | €217 | €1,556 | +€1,339 | +617.9% |
| Gross operating margin | 9900 | €23,198 | €82,338 | +€59,140 | +254.9% |
| Operating profit (loss) | 9901 | €22,164 | €73,390 | +€51,226 | +231.1% |
| Financial income | 75/76B | €12,675 | €8,235 | -€4,440 | -35.0% |
| Recurring financial income | 75 | €12,675 | €8,235 | -€4,440 | -35.0% |
| Financial charges | 65/66B | €805 | €911 | +€106 | +13.2% |
| Recurring financial charges | 65 | €805 | €911 | +€106 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €34,034 | €80,715 | +€46,680 | +137.2% |
| Income taxes | 67/77 | €8,075 | €23,935 | +€15,859 | +196.4% |
| Profit (loss) for the period | 9904 | €25,959 | €56,780 | +€30,821 | +118.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,959 | €56,780 | +€30,821 | +118.7% |
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 6 October 2026 via checked.be.