PINK GLASSES: 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 GLASSES
Largest movements
- Tangible fixed assets +€219,021
up €219,021 (+1,693%), from €12,936 to €231,957
of which Land and buildings: +€219,413
- Cash -€70,748
down €70,748 (-44.5%), from €159,158 to €88,410
mainly Investment in fixed assets (net) (-€255,728) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€13,805
down €13,805 (-27.7%), from €49,901 to €36,096
of which Trade receivables: -€21,566
- Debts after one year +€175,830
new in 2025: €175,830
- Reserves -€59,097
down €59,097 (-29.0%), from €203,736 to €144,638
- Current portion of long-term debt +€17,945
new in 2025: €17,945
- Depreciation +€34,529
up €34,529 (+1,585%), from €2,179 to €36,707
- Gross operating margin -€11,562
down €11,562 (-10.7%), from €108,424 to €96,861
- Taxes -€10,134
down €10,134 (-43.4%), from €23,338 to €13,205
- Financial charges +€4,439
up €4,439 (+8,857%), from €50 to €4,489
- Other operating charges +€1,187
up €1,187 (+320%), from €371 to €1,558
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 | €225,380 | €359,978 | +€134,597 | +59.7% |
| Fixed assets | 21/28 | €12,936 | €231,957 | +€219,021 | +1,693% |
| Tangible fixed assets | 22/27 | €12,936 | €231,957 | +€219,021 | +1,693% |
| Land and buildings | 22 | - | €219,413 | +€219,413 | |
| Plant, machinery and equipment | 23 | €263 | €164 | -€99 | -37.7% |
| Furniture and vehicles | 24 | €7,595 | €7,958 | +€363 | +4.8% |
| Other tangible fixed assets | 26 | €5,078 | €4,422 | -€656 | -12.9% |
| Current assets | 29/58 | €212,444 | €128,021 | -€84,423 | -39.7% |
| Amounts receivable within one year | 40/41 | €49,901 | €36,096 | -€13,805 | -27.7% |
| Trade receivables | 40 | €49,867 | €28,301 | -€21,566 | -43.2% |
| Other amounts receivable | 41 | €34 | €7,795 | +€7,762 | +23,004% |
| Cash at bank and in hand | 54/58 | €159,158 | €88,410 | -€70,748 | -44.5% |
| Deferred charges and accrued income | 490/1 | €3,386 | €3,515 | +€129 | +3.8% |
| Total equity and liabilities | 10/49 | €225,380 | €359,978 | +€134,597 | +59.7% |
| Equity | 10/15 | €206,236 | €147,138 | -€59,097 | -28.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €203,736 | €144,638 | -€59,097 | -29.0% |
| Distributable reserves | 133 | €203,736 | €144,638 | -€59,097 | -29.0% |
| Amounts payable | 17/49 | €19,144 | €212,839 | +€193,695 | +1,012% |
| Amounts payable after more than one year | 17 | - | €175,830 | +€175,830 | |
| Financial debts | 170/4 | - | €175,830 | +€175,830 | |
| Amounts payable within one year | 42/48 | €19,144 | €36,718 | +€17,573 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | - | €17,945 | +€17,945 | |
| Trade debts | 44 | €2,719 | €3,280 | +€561 | +20.6% |
| Suppliers | 440/4 | €2,719 | €3,280 | +€561 | +20.6% |
| Taxes, remuneration and social security | 45 | €15,829 | €13,963 | -€1,866 | -11.8% |
| Taxes | 450/3 | €15,829 | €13,963 | -€1,866 | -11.8% |
| Other amounts payable | 47/48 | €596 | €1,530 | +€934 | +157% |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,179 | €36,707 | +€34,529 | +1,585% |
| Other operating charges | 640/8 | €371 | €1,558 | +€1,187 | +320% |
| Gross operating margin | 9900 | €108,424 | €96,861 | -€11,562 | -10.7% |
| Operating profit (loss) | 9901 | €105,874 | €58,596 | -€47,278 | -44.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €50 | €4,489 | +€4,439 | +8,857% |
| Recurring financial charges | 65 | €50 | €4,489 | +€4,439 | +8,857% |
| Profit (loss) for the period before taxes | 9903 | €105,824 | €54,107 | -€51,717 | -48.9% |
| Income taxes | 67/77 | €23,338 | €13,205 | -€10,134 | -43.4% |
| Profit (loss) for the period | 9904 | €82,486 | €40,903 | -€41,583 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,486 | €40,903 | -€41,583 | -50.4% |
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 27 October 2026 via checked.be.