PINKERTON: 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.
PINKERTON
Largest movements
- Receivables within one year -€40,168
down €40,168 (-30.7%), from €130,918 to €90,750
of which Other amounts receivable: -€40,168
- Tangible fixed assets -€1,712
down €1,712 (-48.2%), from €3,554 to €1,842
of which Furniture and vehicles: -€2,038
- Reserves -€34,983
down €34,983 (-42.5%), from €82,245 to €47,262
- Tax, wage and social debts -€6,255
down €6,255 (-21.9%), from €28,574 to €22,319
of which Remuneration and social security: -€7,880
- Taxes +€3,109
up €3,109 (+23.8%), from €13,041 to €16,150
- Gross operating margin +€2,225
up €2,225 (+4.2%), from €52,975 to €55,201
- Depreciation -€1,988
down €1,988 (-67.6%), from €2,943 to €954
- Other operating charges +€922
up €922 (+145.0%), from €636 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.
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 | €140,634 | €98,247 | -€42,387 | -30.1% |
| Fixed assets | 21/28 | €3,554 | €1,842 | -€1,712 | -48.2% |
| Tangible fixed assets | 22/27 | €3,554 | €1,842 | -€1,712 | -48.2% |
| Plant, machinery and equipment | 23 | €1,516 | €1,842 | +€326 | +21.5% |
| Furniture and vehicles | 24 | €2,038 | €0 | -€2,038 | -100.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €137,080 | €96,405 | -€40,675 | -29.7% |
| Amounts receivable within one year | 40/41 | €130,918 | €90,750 | -€40,168 | -30.7% |
| Trade receivables | 40 | €90,750 | €90,750 | = | 0.0% |
| Other amounts receivable | 41 | €40,168 | €0 | -€40,168 | -100.0% |
| Cash at bank and in hand | 54/58 | €864 | €819 | -€45 | -5.3% |
| Deferred charges and accrued income | 490/1 | €5,297 | €4,836 | -€461 | -8.7% |
| Total equity and liabilities | 10/49 | €140,634 | €98,247 | -€42,387 | -30.1% |
| Equity | 10/15 | €83,032 | €48,049 | -€34,983 | -42.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €82,245 | €47,262 | -€34,983 | -42.5% |
| Distributable reserves | 133 | €82,245 | €47,262 | -€34,983 | -42.5% |
| Profit (loss) carried forward | 14 | €287 | €287 | = | 0.0% |
| Amounts payable | 17/49 | €57,602 | €50,198 | -€7,405 | -12.9% |
| Amounts payable within one year | 42/48 | €57,602 | €50,198 | -€7,405 | -12.9% |
| Trade debts | 44 | €4,029 | €2,778 | -€1,251 | -31.0% |
| Suppliers | 440/4 | €4,029 | €2,778 | -€1,251 | -31.0% |
| Taxes, remuneration and social security | 45 | €28,574 | €22,319 | -€6,255 | -21.9% |
| Taxes | 450/3 | €20,694 | €22,319 | +€1,625 | +7.9% |
| Remuneration and social security | 454/9 | €7,880 | €0 | -€7,880 | -100.0% |
| Other amounts payable | 47/48 | €25,000 | €25,101 | +€101 | +0.4% |
| Non-recurring operating income | 76A | - | €3,962 | +€3,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,943 | €954 | -€1,988 | -67.6% |
| Other operating charges | 640/8 | €636 | €1,558 | +€922 | +145.0% |
| Gross operating margin | 9900 | €52,975 | €55,201 | +€2,225 | +4.2% |
| Operating profit (loss) | 9901 | €49,397 | €52,689 | +€3,292 | +6.7% |
| Financial income | 75/76B | €14 | €7 | -€7 | -49.8% |
| Recurring financial income | 75 | €14 | €7 | -€7 | -49.8% |
| Financial charges | 65/66B | €324 | €330 | +€5 | +1.6% |
| Recurring financial charges | 65 | €324 | €330 | +€5 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €49,087 | €52,366 | +€3,279 | +6.7% |
| Income taxes | 67/77 | €13,041 | €16,150 | +€3,109 | +23.8% |
| Profit (loss) for the period | 9904 | €36,046 | €36,216 | +€171 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,046 | €36,216 | +€171 | +0.5% |
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.