Pingwin: 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.
Pingwin
Largest movements
- Cash -€22,062
down €22,062 (-46.1%), from €47,874 to €25,812
mainly Tax, wage and social debts (-€11,899) and Net result for the year (-€6,389)
- Receivables within one year +€2,762
up €2,762 (+307.2%), from €899 to €3,661
of which Trade receivables: +€1,833
- Tax, wage and social debts -€11,899
down €11,899 (-100.0%), from €11,899 to €0
- Profit (loss) carried forward -€6,389
down €6,389 (-54.5%), from -€11,732 to -€18,121
- Other debts -€549
down €549 (-100.0%), from €549 to €0
- Gross operating margin +€3,007
up €3,007 (+32.9%), from -€9,137 to -€6,130
- Staff costs -€2,210
down €2,210 (-95.7%), from €2,310 to €100
- Other operating charges -€137
down €137 (-100.0%), from €137 to €0
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 | €48,773 | €29,473 | -€19,300 | -39.6% |
| Current assets | 29/58 | €48,773 | €29,473 | -€19,300 | -39.6% |
| Amounts receivable within one year | 40/41 | €899 | €3,661 | +€2,762 | +307.2% |
| Trade receivables | 40 | €899 | €2,732 | +€1,833 | +203.9% |
| Other amounts receivable | 41 | - | €929 | +€929 | |
| Cash at bank and in hand | 54/58 | €47,874 | €25,812 | -€22,062 | -46.1% |
| Total equity and liabilities | 10/49 | €48,773 | €29,473 | -€19,300 | -39.6% |
| Equity | 10/15 | €35,834 | €29,445 | -€6,389 | -17.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,066 | €45,066 | = | 0.0% |
| Distributable reserves | 133 | €45,066 | €45,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,732 | -€18,121 | -€6,389 | -54.5% |
| Amounts payable | 17/49 | €12,939 | €27 | -€12,911 | -99.8% |
| Amounts payable within one year | 42/48 | €12,939 | €27 | -€12,911 | -99.8% |
| Trade debts | 44 | €491 | €27 | -€464 | -94.4% |
| Suppliers | 440/4 | €491 | €27 | -€464 | -94.4% |
| Taxes, remuneration and social security | 45 | €11,899 | €0 | -€11,899 | -100.0% |
| Taxes | 450/3 | €11,899 | €0 | -€11,899 | -100.0% |
| Other amounts payable | 47/48 | €549 | €0 | -€549 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,310 | €100 | -€2,210 | -95.7% |
| Other operating charges | 640/8 | €137 | €0 | -€137 | -100.0% |
| Gross operating margin | 9900 | -€9,137 | -€6,130 | +€3,007 | +32.9% |
| Operating profit (loss) | 9901 | -€11,584 | -€6,230 | +€5,353 | +46.2% |
| Financial charges | 65/66B | €148 | €158 | +€10 | +6.5% |
| Recurring financial charges | 65 | €148 | €158 | +€10 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,732 | -€6,389 | +€5,344 | +45.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,732 | -€6,389 | +€5,344 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,732 | -€6,389 | +€5,344 | +45.5% |
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 2 October 2026 via checked.be.