PINGUIN: 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.
PINGUIN
Largest movements
- Cash +€30,254
up €30,254 (+208.0%), from €14,543 to €44,797
mainly Net result for the year (+€24,560) and Tax, wage and social debts (+€5,909)
- Receivables within one year -€3,843
down €3,843 (-53.2%), from €7,220 to €3,377
of which Other amounts receivable: -€2,662
- Tangible fixed assets +€2,805
up €2,805 (+45.1%), from €6,219 to €9,024
of which Furniture and vehicles: +€2,661
- Deferred charges and accrued income -€1,549
down €1,549 (-50.8%), from €3,048 to €1,499
- Profit (loss) carried forward +€24,560
up €24,560 (+143.5%), from €17,116 to €41,676
- Tax, wage and social debts +€5,909
new in 2025: €5,909
- Debts after one year -€3,267
no longer reported in 2025 (was €3,267)
- Trade debts +€1,987
up €1,987 (+555.0%), from €358 to €2,345
- Current portion of long-term debt -€866
down €866 (-21.0%), from €4,133 to €3,267
- Gross operating margin +€19,136
up €19,136 (+134.5%), from €14,231 to €33,367
- Taxes +€4,232
new in 2025: €4,232
- Depreciation +€359
up €359 (+10.1%), from €3,541 to €3,900
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 | €31,030 | €58,697 | +€27,667 | +89.2% |
| Fixed assets | 21/28 | €6,219 | €9,024 | +€2,805 | +45.1% |
| Tangible fixed assets | 22/27 | €6,219 | €9,024 | +€2,805 | +45.1% |
| Plant, machinery and equipment | 23 | €6,219 | €6,363 | +€144 | +2.3% |
| Furniture and vehicles | 24 | - | €2,661 | +€2,661 | |
| Current assets | 29/58 | €24,811 | €49,673 | +€24,862 | +100.2% |
| Amounts receivable within one year | 40/41 | €7,220 | €3,377 | -€3,843 | -53.2% |
| Trade receivables | 40 | €4,558 | €3,377 | -€1,181 | -25.9% |
| Other amounts receivable | 41 | €2,662 | - | -€2,662 | |
| Cash at bank and in hand | 54/58 | €14,543 | €44,797 | +€30,254 | +208.0% |
| Deferred charges and accrued income | 490/1 | €3,048 | €1,499 | -€1,549 | -50.8% |
| Total equity and liabilities | 10/49 | €31,030 | €58,697 | +€27,667 | +89.2% |
| Equity | 10/15 | €22,616 | €47,176 | +€24,560 | +108.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,116 | €41,676 | +€24,560 | +143.5% |
| Amounts payable | 17/49 | €8,414 | €11,521 | +€3,107 | +36.9% |
| Amounts payable after more than one year | 17 | €3,267 | - | -€3,267 | |
| Financial debts | 170/4 | €3,267 | - | -€3,267 | |
| Amounts payable within one year | 42/48 | €5,147 | €11,521 | +€6,374 | +123.8% |
| Current portion of amounts payable after more than one year | 42 | €4,133 | €3,267 | -€866 | -21.0% |
| Trade debts | 44 | €358 | €2,345 | +€1,987 | +555.0% |
| Suppliers | 440/4 | €358 | €2,345 | +€1,987 | +555.0% |
| Taxes, remuneration and social security | 45 | - | €5,909 | +€5,909 | |
| Taxes | 450/3 | - | €5,909 | +€5,909 | |
| Other amounts payable | 47/48 | €656 | - | -€656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,541 | €3,900 | +€359 | +10.1% |
| Other operating charges | 640/8 | €526 | €472 | -€54 | -10.3% |
| Gross operating margin | 9900 | €14,231 | €33,367 | +€19,136 | +134.5% |
| Operating profit (loss) | 9901 | €10,164 | €28,995 | +€18,831 | +185.3% |
| Financial income | 75/76B | €98 | €200 | +€102 | +104.1% |
| Recurring financial income | 75 | €98 | €200 | +€102 | +104.1% |
| Financial charges | 65/66B | €644 | €403 | -€241 | -37.4% |
| Recurring financial charges | 65 | €644 | €403 | -€241 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €9,618 | €28,792 | +€19,174 | +199.4% |
| Income taxes | 67/77 | - | €4,232 | +€4,232 | |
| Profit (loss) for the period | 9904 | €9,618 | €24,560 | +€14,942 | +155.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,618 | €24,560 | +€14,942 | +155.4% |
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.