PININ: what changed
Two financial 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.
PININ
Largest movements
- Current investments +€120,000
new in 2025: €120,000
- Cash -€38,494
down €38,494 (-83.8%), from €45,948 to €7,453
mainly Current investments (-€120,000) and Receivables within one year (-€1,599)
- Receivables within one year +€1,599
up €1,599 (+9.8%), from €16,277 to €17,876
of which Trade receivables: +€2,115
- Reserves +€47,134
up €47,134 (+109%), from €43,376 to €90,510
of which Distributable reserves: +€47,134
- Tax, wage and social debts +€28,228
up €28,228 (+4,672%), from €604 to €28,833
- Profit (loss) carried forward +€3,675
up €3,675, from -€3,675 to €0
- Other debts +€3,297
up €3,297 (+74.6%), from €4,417 to €7,714
- Gross operating margin +€65,958
up €65,958 (+530%), from €12,437 to €78,395
- Taxes +€26,211
up €26,211 (+8,659%), from €303 to €26,514
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.
Derived cash bridge
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 | €64,960 | €147,380 | +€82,420 | +127% |
| Fixed assets | 21/28 | €2,736 | €2,051 | -€685 | -25.0% |
| Tangible fixed assets | 22/27 | €2,736 | €2,051 | -€685 | -25.0% |
| Furniture and vehicles | 24 | €2,736 | €2,051 | -€685 | -25.0% |
| Current assets | 29/58 | €62,224 | €145,329 | +€83,105 | +134% |
| Amounts receivable within one year | 40/41 | €16,277 | €17,876 | +€1,599 | +9.8% |
| Trade receivables | 40 | €15,760 | €17,876 | +€2,115 | +13.4% |
| Other amounts receivable | 41 | €516 | €0 | -€516 | -100% |
| Current investments | 50/53 | - | €120,000 | +€120,000 | |
| Cash at bank and in hand | 54/58 | €45,948 | €7,453 | -€38,494 | -83.8% |
| Total equity and liabilities | 10/49 | €64,960 | €147,380 | +€82,420 | +127% |
| Equity | 10/15 | €58,251 | €109,060 | +€50,809 | +87.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €43,376 | €90,510 | +€47,134 | +109% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,376 | €90,510 | +€47,134 | +109% |
| Profit (loss) carried forward | 14 | -€3,675 | €0 | +€3,675 | |
| Amounts payable | 17/49 | €6,709 | €38,320 | +€31,611 | +471% |
| Amounts payable within one year | 42/48 | €6,709 | €38,320 | +€31,611 | +471% |
| Trade debts | 44 | €1,688 | €1,774 | +€86 | +5.1% |
| Suppliers | 440/4 | €1,688 | €1,774 | +€86 | +5.1% |
| Taxes, remuneration and social security | 45 | €604 | €28,833 | +€28,228 | +4,672% |
| Taxes | 450/3 | €604 | €28,833 | +€28,228 | +4,672% |
| Other amounts payable | 47/48 | €4,417 | €7,714 | +€3,297 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €685 | = | 0.0% |
| Other operating charges | 640/8 | €115 | €139 | +€24 | +20.9% |
| Gross operating margin | 9900 | €12,437 | €78,395 | +€65,958 | +530% |
| Operating profit (loss) | 9901 | €11,637 | €77,571 | +€65,934 | +567% |
| Financial income | 75/76B | €412 | €142 | -€270 | -65.5% |
| Recurring financial income | 75 | €412 | €142 | -€270 | -65.5% |
| Financial charges | 65/66B | €228 | €390 | +€162 | +71.0% |
| Recurring financial charges | 65 | €228 | €390 | +€162 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €11,821 | €77,323 | +€65,502 | +554% |
| Income taxes | 67/77 | €303 | €26,514 | +€26,211 | +8,659% |
| Profit (loss) for the period | 9904 | €11,518 | €50,809 | +€39,291 | +341% |
| Profit (loss) for the period to be appropriated | 9905 | €11,518 | €50,809 | +€39,291 | +341% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.