Pink 45: 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.
Pink 45
Largest movements
- Stocks and contracts -€7,052
down €7,052 (-33.4%), from €21,087 to €14,035
- Tangible fixed assets +€2,959
up €2,959 (+171.5%), from €1,726 to €4,685
of which Other tangible fixed assets: +€3,058
- Cash +€1,395
up €1,395 (+38.4%), from €3,632 to €5,027
mainly Contributions, distributions and other (+€25,000) and Stocks and contracts (+€7,052)
- Contributions +€25,000
up €25,000 (+500.0%), from €5,000 to €30,000
- Other debts -€13,173
down €13,173 (-47.6%), from €27,648 to €14,475
- Profit (loss) carried forward -€9,992
down €9,992 (-90.8%), from -€11,000 to -€20,991
- Reserves -€2,064
no longer reported in 2025 (was €2,064)
- Trade debts -€1,413
no longer reported in 2025 (was €1,413)
- Depreciation +€563
up €563 (+32.6%), from €1,726 to €2,289
- Other operating charges +€359
up €359 (+54.6%), from €658 to €1,017
- Staff costs -€294
no longer reported in 2025 (was €294)
- Gross operating margin -€273
down €273 (-3.3%), from -€8,168 to -€8,441
- Financial charges +€153
up €153 (+97.7%), from €157 to €309
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 | €26,617 | €23,919 | -€2,698 | -10.1% |
| Fixed assets | 21/28 | €1,726 | €4,685 | +€2,959 | +171.5% |
| Tangible fixed assets | 22/27 | €1,726 | €4,685 | +€2,959 | +171.5% |
| Furniture and vehicles | 24 | €1,726 | €1,627 | -€99 | -5.7% |
| Other tangible fixed assets | 26 | - | €3,058 | +€3,058 | |
| Current assets | 29/58 | €24,891 | €19,234 | -€5,657 | -22.7% |
| Stocks and contracts in progress | 3 | €21,087 | €14,035 | -€7,052 | -33.4% |
| Stocks | 30/36 | €21,087 | €14,035 | -€7,052 | -33.4% |
| Amounts receivable within one year | 40/41 | €172 | €172 | = | 0.0% |
| Other amounts receivable | 41 | €172 | €172 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,632 | €5,027 | +€1,395 | +38.4% |
| Total equity and liabilities | 10/49 | €26,617 | €23,919 | -€2,698 | -10.1% |
| Equity | 10/15 | -€3,936 | €9,009 | +€12,944 | |
| Contributions | 10/11 | €5,000 | €30,000 | +€25,000 | +500.0% |
| Capital | 10 | €5,000 | €30,000 | +€25,000 | +500.0% |
| Issued capital | 100 | €5,000 | €30,000 | +€25,000 | +500.0% |
| Reserves | 13 | €2,064 | - | -€2,064 | |
| Distributable reserves | 133 | €2,064 | - | -€2,064 | |
| Profit (loss) carried forward | 14 | -€11,000 | -€20,991 | -€9,992 | -90.8% |
| Amounts payable | 17/49 | €30,553 | €14,910 | -€15,643 | -51.2% |
| Amounts payable within one year | 42/48 | €30,553 | €14,910 | -€15,643 | -51.2% |
| Trade debts | 44 | €1,413 | - | -€1,413 | |
| Suppliers | 440/4 | €1,413 | - | -€1,413 | |
| Taxes, remuneration and social security | 45 | €1,492 | €435 | -€1,057 | -70.8% |
| Taxes | 450/3 | €1,492 | €435 | -€1,057 | -70.8% |
| Other amounts payable | 47/48 | €27,648 | €14,475 | -€13,173 | -47.6% |
| Remuneration, social security and pensions | 62 | €294 | - | -€294 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,726 | €2,289 | +€563 | +32.6% |
| Other operating charges | 640/8 | €658 | €1,017 | +€359 | +54.6% |
| Gross operating margin | 9900 | -€8,168 | -€8,441 | -€273 | -3.3% |
| Operating profit (loss) | 9901 | -€10,846 | -€11,746 | -€901 | -8.3% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €157 | €309 | +€153 | +97.7% |
| Recurring financial charges | 65 | €157 | €309 | +€153 | +97.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,000 | -€12,056 | -€1,056 | -9.6% |
| Profit (loss) for the period | 9904 | -€11,000 | -€12,056 | -€1,056 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,000 | -€12,056 | -€1,056 | -9.6% |
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.