Piniva: 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.
Piniva
Largest movements
- Tangible fixed assets -€23,228
down €23,228 (-97.7%), from €23,780 to €551
of which Furniture and vehicles: -€22,902
- Receivables within one year +€11,398
up €11,398 (+381.8%), from €2,985 to €14,384
of which Trade receivables: +€12,000
- Cash -€8,057
down €8,057 (-29.6%), from €27,187 to €19,130
mainly Current portion of long-term debt (-€12,241) and Receivables within one year (-€11,398)
- Stocks and contracts +€3,000
up €3,000 (+40.0%), from €7,500 to €10,500
- Deferred charges and accrued income +€1,977
up €1,977 (+63.6%), from €3,109 to €5,086
- Current portion of long-term debt -€12,241
no longer reported in 2025 (was €12,241)
- Debts after one year -€9,115
no longer reported in 2025 (was €9,115)
- Other debts +€6,330
up €6,330 (+26.9%), from €23,525 to €29,855
- Profit (loss) carried forward +€972
up €972 (+14.1%), from -€6,873 to -€5,901
- Tax, wage and social debts -€912
no longer reported in 2025 (was €912)
of which Taxes: -€912
- Depreciation -€13,568
down €13,568 (-82.8%), from €16,395 to €2,826
- Gross operating margin -€6,916
down €6,916 (-52.1%), from €13,276 to €6,360
- Financial charges -€773
down €773 (-34.5%), from €2,241 to €1,469
- Other operating charges -€304
down €304 (-21.7%), from €1,396 to €1,093
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 | €64,561 | €49,651 | -€14,910 | -23.1% |
| Fixed assets | 21/28 | €23,780 | €551 | -€23,228 | -97.7% |
| Tangible fixed assets | 22/27 | €23,780 | €551 | -€23,228 | -97.7% |
| Plant, machinery and equipment | 23 | €878 | €551 | -€326 | -37.2% |
| Furniture and vehicles | 24 | €22,902 | - | -€22,902 | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €40,781 | €49,099 | +€8,318 | +20.4% |
| Stocks and contracts in progress | 3 | €7,500 | €10,500 | +€3,000 | +40.0% |
| Stocks | 30/36 | €7,500 | €10,500 | +€3,000 | +40.0% |
| Amounts receivable within one year | 40/41 | €2,985 | €14,384 | +€11,398 | +381.8% |
| Trade receivables | 40 | €0 | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €2,985 | €2,384 | -€602 | -20.2% |
| Cash at bank and in hand | 54/58 | €27,187 | €19,130 | -€8,057 | -29.6% |
| Deferred charges and accrued income | 490/1 | €3,109 | €5,086 | +€1,977 | +63.6% |
| Total equity and liabilities | 10/49 | €64,561 | €49,651 | -€14,910 | -23.1% |
| Equity | 10/15 | €18,248 | €19,221 | +€972 | +5.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,121 | €22,121 | = | 0.0% |
| Distributable reserves | 133 | €22,121 | €22,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,873 | -€5,901 | +€972 | +14.1% |
| Amounts payable | 17/49 | €46,312 | €30,430 | -€15,882 | -34.3% |
| Amounts payable after more than one year | 17 | €9,115 | - | -€9,115 | |
| Financial debts | 170/4 | €9,115 | - | -€9,115 | |
| Amounts payable within one year | 42/48 | €37,198 | €30,430 | -€6,767 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €12,241 | - | -€12,241 | |
| Trade debts | 44 | €519 | €575 | +€57 | +10.9% |
| Suppliers | 440/4 | €519 | €575 | +€57 | +10.9% |
| Taxes, remuneration and social security | 45 | €912 | - | -€912 | |
| Taxes | 450/3 | €912 | - | -€912 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,525 | €29,855 | +€6,330 | +26.9% |
| Non-recurring operating income | 76A | €662 | - | -€662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,395 | €2,826 | -€13,568 | -82.8% |
| Other operating charges | 640/8 | €1,396 | €1,093 | -€304 | -21.7% |
| Gross operating margin | 9900 | €13,276 | €6,360 | -€6,916 | -52.1% |
| Operating profit (loss) | 9901 | -€4,515 | €2,441 | +€6,956 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,241 | €1,469 | -€773 | -34.5% |
| Recurring financial charges | 65 | €2,241 | €1,469 | -€773 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,757 | €972 | +€7,729 | |
| Income taxes | 67/77 | €116 | - | -€116 | |
| Profit (loss) for the period | 9904 | -€6,873 | €972 | +€7,845 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,873 | €972 | +€7,845 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.