PINK BAY: 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 BAY
Largest movements
- Receivables within one year -€105,648
down €105,648 (-60.7%), from €174,186 to €68,538
of which Trade receivables: -€111,965
- Deferred charges and accrued income +€23,677
up €23,677 (+124%), from €19,169 to €42,846
- Cash -€18,510
down €18,510 (-78.9%), from €23,465 to €4,955
mainly Accrued charges and deferred income (-€51,464) and Contributions, distributions and other (-€50,000)
- Financial fixed assets -€5,740
down €5,740 (-89.8%), from €6,390 to €650
- Tangible fixed assets +€2,986
up €2,986 (+10,839%), from €28 to €3,014
of which Furniture and vehicles: +€3,014
- Accrued charges and deferred income -€51,464
down €51,464 (-100.0%), from €51,464 to €0
- Tax, wage and social debts -€44,047
down €44,047 (-67.4%), from €65,311 to €21,264
of which Taxes: -€57,068
- Debts after one year -€17,595
down €17,595 (-48.8%), from €36,023 to €18,427
- Profit (loss) carried forward +€13,230
up €13,230 (+75.8%), from €17,465 to €30,696
- Trade debts -€12,780
down €12,780 (-45.6%), from €28,001 to €15,221
- Gross operating margin +€57,384
up €57,384 (+52.6%), from €109,181 to €166,566
- Staff costs -€7,687
down €7,687 (-7.0%), from €109,790 to €102,103
- Write-downs -€5,404
new in 2025: -€5,404
- Other operating charges +€1,914
up €1,914 (+484%), from €395 to €2,309
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.
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 | €225,065 | €120,876 | -€104,188 | -46.3% |
| Fixed assets | 21/28 | €8,244 | €4,536 | -€3,707 | -45.0% |
| Intangible fixed assets | 21 | €1,826 | €873 | -€954 | -52.2% |
| Tangible fixed assets | 22/27 | €28 | €3,014 | +€2,986 | +10,839% |
| Furniture and vehicles | 24 | €0 | €3,014 | +€3,014 | |
| Other tangible fixed assets | 26 | €28 | €0 | -€28 | -100% |
| Financial fixed assets | 28 | €6,390 | €650 | -€5,740 | -89.8% |
| Current assets | 29/58 | €216,821 | €116,340 | -€100,481 | -46.3% |
| Amounts receivable within one year | 40/41 | €174,186 | €68,538 | -€105,648 | -60.7% |
| Trade receivables | 40 | €174,186 | €62,221 | -€111,965 | -64.3% |
| Other amounts receivable | 41 | - | €6,317 | +€6,317 | |
| Cash at bank and in hand | 54/58 | €23,465 | €4,955 | -€18,510 | -78.9% |
| Deferred charges and accrued income | 490/1 | €19,169 | €42,846 | +€23,677 | +124% |
| Total equity and liabilities | 10/49 | €225,065 | €120,876 | -€104,188 | -46.3% |
| Equity | 10/15 | €27,465 | €40,696 | +€13,230 | +48.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,465 | €30,696 | +€13,230 | +75.8% |
| Amounts payable | 17/49 | €197,599 | €80,181 | -€117,418 | -59.4% |
| Amounts payable after more than one year | 17 | €36,023 | €18,427 | -€17,595 | -48.8% |
| Financial debts | 170/4 | €36,023 | €18,427 | -€17,595 | -48.8% |
| Amounts payable within one year | 42/48 | €110,112 | €61,754 | -€48,359 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €16,800 | €16,800 | = | 0.0% |
| Financial debts | 43 | - | €8,468 | +€8,468 | |
| Credit institutions | 430/8 | - | €8,468 | +€8,468 | |
| Trade debts | 44 | €28,001 | €15,221 | -€12,780 | -45.6% |
| Suppliers | 440/4 | €28,001 | €15,221 | -€12,780 | -45.6% |
| Taxes, remuneration and social security | 45 | €65,311 | €21,264 | -€44,047 | -67.4% |
| Taxes | 450/3 | €61,407 | €4,339 | -€57,068 | -92.9% |
| Remuneration and social security | 454/9 | €3,904 | €16,925 | +€13,021 | +334% |
| Accrued charges and deferred income | 492/3 | €51,464 | €0 | -€51,464 | -100.0% |
| Remuneration, social security and pensions | 62 | €109,790 | €102,103 | -€7,687 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,397 | €2,114 | +€717 | +51.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,404 | -€5,404 | |
| Other operating charges | 640/8 | €395 | €2,309 | +€1,914 | +484% |
| Gross operating margin | 9900 | €109,181 | €166,566 | +€57,384 | +52.6% |
| Operating profit (loss) | 9901 | -€2,401 | €65,443 | +€67,845 | |
| Financial income | 75/76B | €109 | €219 | +€110 | +101% |
| Recurring financial income | 75 | €109 | €219 | +€110 | +101% |
| Financial charges | 65/66B | €1,564 | €2,432 | +€868 | +55.5% |
| Recurring financial charges | 65 | €1,564 | €2,432 | +€868 | +55.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,856 | €63,230 | +€67,087 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,856 | €63,230 | +€67,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,856 | €63,230 | +€67,087 |
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 24 October 2026 via checked.be.