PINK STAR: 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 STAR
Largest movements
- Receivables within one year -€54,730
down €54,730 (-99.5%), from €54,989 to €259
of which Trade receivables: -€54,479
- Stocks and contracts -€32,257
down €32,257 (-2.9%), from €1.1m to €1.1m
- Trade debts -€52,126
no longer reported in 2025 (was €52,126)
- Other debts -€45,963
down €45,963 (-18.1%), from €254,478 to €208,514
- Profit (loss) carried forward +€14,448
up €14,448 (+9.3%), from €156,150 to €170,598
- Gross operating margin +€15,150
up €15,150 (+114%), from €13,314 to €28,464
- Financial charges +€3,355
up €3,355 (+363%), from €925 to €4,280
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 | €1,266,369 | €1,185,909 | -€80,460 | -6.4% |
| Fixed assets | 21/28 | €55,211 | €52,247 | -€2,965 | -5.4% |
| Tangible fixed assets | 22/27 | €52,547 | €49,582 | -€2,965 | -5.6% |
| Land and buildings | 22 | €52,547 | €49,582 | -€2,965 | -5.6% |
| Financial fixed assets | 28 | €2,665 | €2,665 | = | 0.0% |
| Current assets | 29/58 | €1,211,157 | €1,133,662 | -€77,496 | -6.4% |
| Stocks and contracts in progress | 3 | €1,116,179 | €1,083,922 | -€32,257 | -2.9% |
| Stocks | 30/36 | €1,116,179 | €1,083,922 | -€32,257 | -2.9% |
| Amounts receivable within one year | 40/41 | €54,989 | €259 | -€54,730 | -99.5% |
| Trade receivables | 40 | €54,479 | - | -€54,479 | |
| Other amounts receivable | 41 | €510 | €259 | -€251 | -49.3% |
| Cash at bank and in hand | 54/58 | €39,990 | €49,481 | +€9,492 | +23.7% |
| Total equity and liabilities | 10/49 | €1,266,369 | €1,185,909 | -€80,460 | -6.4% |
| Equity | 10/15 | €956,765 | €971,213 | +€14,448 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €782,023 | €782,023 | = | 0.0% |
| Distributable reserves | 133 | €782,023 | €782,023 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,150 | €170,598 | +€14,448 | +9.3% |
| Amounts payable | 17/49 | €309,604 | €214,696 | -€94,908 | -30.7% |
| Amounts payable within one year | 42/48 | €309,604 | €214,696 | -€94,908 | -30.7% |
| Trade debts | 44 | €52,126 | - | -€52,126 | |
| Suppliers | 440/4 | €52,126 | - | -€52,126 | |
| Taxes, remuneration and social security | 45 | €3,000 | €6,181 | +€3,181 | +106% |
| Taxes | 450/3 | €3,000 | €6,181 | +€3,181 | +106% |
| Other amounts payable | 47/48 | €254,478 | €208,514 | -€45,963 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,965 | €2,965 | = | 0.0% |
| Other operating charges | 640/8 | €3,543 | €3,657 | +€114 | +3.2% |
| Gross operating margin | 9900 | €13,314 | €28,464 | +€15,150 | +114% |
| Operating profit (loss) | 9901 | €6,806 | €21,842 | +€15,036 | +221% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €925 | €4,280 | +€3,355 | +363% |
| Recurring financial charges | 65 | €925 | €4,280 | +€3,355 | +363% |
| Profit (loss) for the period before taxes | 9903 | €5,882 | €17,629 | +€11,748 | +200% |
| Income taxes | 67/77 | €2,998 | €3,181 | +€184 | +6.1% |
| Profit (loss) for the period | 9904 | €2,884 | €14,448 | +€11,564 | +401% |
| Profit (loss) for the period to be appropriated | 9905 | €2,884 | €14,448 | +€11,564 | +401% |
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 13 October 2026 via checked.be.