PINK NOISE: 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 NOISE
Largest movements
- Cash -€26,424
down €26,424 (-27.1%), from €97,339 to €70,915
mainly Stocks and contracts (-€22,143) and Net result for the year (-€2,477)
- Stocks and contracts +€22,143
up €22,143 (+9.2%), from €239,500 to €261,644
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€55,947
down €55,947 (-97.7%), from €57,251 to €1,304
- Taxes -€12,111
down €12,111 (-100.0%), from €12,111 to €0
- Depreciation -€2,674
no longer reported in 2025 (was €2,674)
- Other operating charges +€1,960
up €1,960 (+299%), from €656 to €2,616
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 | €355,987 | €351,768 | -€4,218 | -1.2% |
| Fixed assets | 21/28 | €3,425 | €3,425 | = | 0.0% |
| Financial fixed assets | 28 | €3,425 | €3,425 | = | 0.0% |
| Current assets | 29/58 | €352,562 | €348,344 | -€4,218 | -1.2% |
| Stocks and contracts in progress | 3 | €239,500 | €261,644 | +€22,143 | +9.2% |
| Stocks | 30/36 | €239,500 | €261,644 | +€22,143 | +9.2% |
| Amounts receivable within one year | 40/41 | €15,723 | €15,785 | +€62 | +0.4% |
| Other amounts receivable | 41 | €15,723 | €15,785 | +€62 | +0.4% |
| Cash at bank and in hand | 54/58 | €97,339 | €70,915 | -€26,424 | -27.1% |
| Total equity and liabilities | 10/49 | €355,987 | €351,768 | -€4,218 | -1.2% |
| Equity | 10/15 | €351,023 | €348,546 | -€2,477 | -0.7% |
| Contributions | 10/11 | €39,832 | €39,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €311,190 | €308,713 | -€2,477 | -0.8% |
| Amounts payable | 17/49 | €4,964 | €3,223 | -€1,741 | -35.1% |
| Amounts payable within one year | 42/48 | €4,964 | €3,223 | -€1,741 | -35.1% |
| Trade debts | 44 | €4,964 | €3,223 | -€1,741 | -35.1% |
| Suppliers | 440/4 | €4,964 | €3,223 | -€1,741 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,674 | - | -€2,674 | |
| Other operating charges | 640/8 | €656 | €2,616 | +€1,960 | +299% |
| Gross operating margin | 9900 | €57,251 | €1,304 | -€55,947 | -97.7% |
| Operating profit (loss) | 9901 | €53,921 | -€1,311 | -€55,232 | |
| Financial charges | 65/66B | €640 | €1,166 | +€526 | +82.3% |
| Recurring financial charges | 65 | €640 | €1,166 | +€526 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €53,282 | -€2,477 | -€55,759 | |
| Income taxes | 67/77 | €12,111 | €0 | -€12,111 | -100.0% |
| Profit (loss) for the period | 9904 | €41,171 | -€2,477 | -€43,648 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,171 | -€2,477 | -€43,648 |
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 30 October 2026 via checked.be.