Pinjo: 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.
Pinjo
Largest movements
- Intangible fixed assets -€31,891
down €31,891 (-24.6%), from €129,793 to €97,901
- Receivables within one year -€11,967
down €11,967 (-99.2%), from €12,068 to €101
of which Trade receivables: -€10,144
- Stocks and contracts -€5,240
down €5,240 (-100.0%), from €5,240 to €0
- Profit (loss) carried forward -€76,000
down €76,000 (-54.9%), from -€138,365 to -€214,365
- Debts after one year +€35,167
up €35,167 (+13.4%), from €262,701 to €297,867
- Trade debts -€10,120
down €10,120 (-85.9%), from €11,782 to €1,662
- Gross operating margin +€25,730
up €25,730 (+51.9%), from -€49,577 to -€23,847
- Depreciation +€6,146
up €6,146 (+20.4%), from €30,117 to €36,262
- Financial charges +€4,016
up €4,016 (+34.2%), from €11,756 to €15,771
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 | €156,291 | €105,370 | -€50,921 | -32.6% |
| Fixed assets | 21/28 | €132,457 | €99,734 | -€32,722 | -24.7% |
| Intangible fixed assets | 21 | €129,793 | €97,901 | -€31,891 | -24.6% |
| Tangible fixed assets | 22/27 | €2,664 | €1,833 | -€831 | -31.2% |
| Furniture and vehicles | 24 | €2,664 | €1,833 | -€831 | -31.2% |
| Current assets | 29/58 | €23,835 | €5,636 | -€18,199 | -76.4% |
| Stocks and contracts in progress | 3 | €5,240 | €0 | -€5,240 | -100.0% |
| Stocks | 30/36 | €5,240 | €0 | -€5,240 | -100.0% |
| Amounts receivable within one year | 40/41 | €12,068 | €101 | -€11,967 | -99.2% |
| Trade receivables | 40 | €10,144 | €0 | -€10,144 | -100.0% |
| Other amounts receivable | 41 | €1,923 | €101 | -€1,823 | -94.8% |
| Cash at bank and in hand | 54/58 | €6,527 | €5,535 | -€992 | -15.2% |
| Total equity and liabilities | 10/49 | €156,291 | €105,370 | -€50,921 | -32.6% |
| Equity | 10/15 | -€118,365 | -€194,365 | -€76,000 | -64.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,365 | -€214,365 | -€76,000 | -54.9% |
| Amounts payable | 17/49 | €274,656 | €299,735 | +€25,079 | +9.1% |
| Amounts payable after more than one year | 17 | €262,701 | €297,867 | +€35,167 | +13.4% |
| Financial debts | 170/4 | €262,701 | €297,867 | +€35,167 | +13.4% |
| Amounts payable within one year | 42/48 | €11,956 | €1,868 | -€10,088 | -84.4% |
| Trade debts | 44 | €11,782 | €1,662 | -€10,120 | -85.9% |
| Suppliers | 440/4 | €11,782 | €1,662 | -€10,120 | -85.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €174 | €206 | +€32 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,117 | €36,262 | +€6,146 | +20.4% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€49,577 | -€23,847 | +€25,730 | +51.9% |
| Operating profit (loss) | 9901 | -€79,812 | -€60,229 | +€19,583 | +24.5% |
| Financial income | 75/76B | €92 | €0 | -€92 | -100.0% |
| Recurring financial income | 75 | €92 | €0 | -€92 | -100.0% |
| Financial charges | 65/66B | €11,756 | €15,771 | +€4,016 | +34.2% |
| Recurring financial charges | 65 | €11,756 | €15,771 | +€4,016 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€91,475 | -€76,000 | +€15,475 | +16.9% |
| Profit (loss) for the period | 9904 | -€91,475 | -€76,000 | +€15,475 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,475 | -€76,000 | +€15,475 | +16.9% |
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.