PINKI: 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.
PINKI
Largest movements
- Receivables within one year +€213,144
up €213,144 (+21.0%), from €1.0m to €1.2m
of which Trade receivables: +€228,340
- Cash -€165,426
down €165,426 (-69.5%), from €238,028 to €72,602
mainly Receivables within one year (-€213,144) and Stocks and contracts (-€49,578)
- Stocks and contracts +€49,578
up €49,578 (+22.0%), from €225,255 to €274,834
- Current portion of long-term debt +€138,010
up €138,010 (+48.2%), from €286,397 to €424,408
- Trade debts -€43,584
down €43,584 (-3.9%), from €1.1m to €1.1m
- Other debts +€39,553
up €39,553 (+69.8%), from €56,694 to €96,246
- Profit (loss) carried forward -€25,666
down €25,666 (-19.2%), from -€133,771 to -€159,437
- Debts after one year -€24,408
down €24,408 (-100.0%), from €24,408 to €0
- Gross operating margin -€120,856
down €120,856 (-11.8%), from €1.0m to €905,395
- Staff costs -€66,927
down €66,927 (-7.6%), from €877,666 to €810,738
- Depreciation -€37,709
down €37,709 (-44.2%), from €85,323 to €47,613
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 | €1,698,890 | €1,782,553 | +€83,663 | +4.9% |
| Fixed assets | 21/28 | €204,536 | €190,678 | -€13,857 | -6.8% |
| Intangible fixed assets | 21 | €2,767 | €0 | -€2,767 | -100.0% |
| Tangible fixed assets | 22/27 | €198,343 | €187,253 | -€11,090 | -5.6% |
| Land and buildings | 22 | €121,396 | €111,749 | -€9,647 | -7.9% |
| Plant, machinery and equipment | 23 | €42,281 | €32,945 | -€9,336 | -22.1% |
| Furniture and vehicles | 24 | €34,666 | €42,559 | +€7,892 | +22.8% |
| Financial fixed assets | 28 | €3,425 | €3,425 | = | 0.0% |
| Current assets | 29/58 | €1,494,354 | €1,591,875 | +€97,521 | +6.5% |
| Stocks and contracts in progress | 3 | €225,255 | €274,834 | +€49,578 | +22.0% |
| Stocks | 30/36 | €225,255 | €274,834 | +€49,578 | +22.0% |
| Amounts receivable within one year | 40/41 | €1,013,287 | €1,226,432 | +€213,144 | +21.0% |
| Trade receivables | 40 | €828,060 | €1,056,400 | +€228,340 | +27.6% |
| Other amounts receivable | 41 | €185,228 | €170,032 | -€15,196 | -8.2% |
| Cash at bank and in hand | 54/58 | €238,028 | €72,602 | -€165,426 | -69.5% |
| Deferred charges and accrued income | 490/1 | €17,783 | €18,007 | +€223 | +1.3% |
| Total equity and liabilities | 10/49 | €1,698,890 | €1,782,553 | +€83,663 | +4.9% |
| Equity | 10/15 | €86,856 | €61,190 | -€25,666 | -29.6% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €60,627 | €60,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,793 | €14,793 | = | 0.0% |
| Distributable reserves | 133 | €29,834 | €29,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,771 | -€159,437 | -€25,666 | -19.2% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,612,034 | €1,721,363 | +€109,329 | +6.8% |
| Amounts payable after more than one year | 17 | €24,408 | €0 | -€24,408 | -100.0% |
| Trade debts | 175 | €24,408 | €0 | -€24,408 | -100.0% |
| Amounts payable within one year | 42/48 | €1,587,627 | €1,721,363 | +€133,736 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €286,397 | €424,408 | +€138,010 | +48.2% |
| Trade debts | 44 | €1,131,473 | €1,087,888 | -€43,584 | -3.9% |
| Suppliers | 440/4 | €1,131,473 | €1,087,888 | -€43,584 | -3.9% |
| Taxes, remuneration and social security | 45 | €113,063 | €112,821 | -€242 | -0.2% |
| Taxes | 450/3 | €492 | €153 | -€339 | -69.0% |
| Remuneration and social security | 454/9 | €112,571 | €112,668 | +€97 | +0.1% |
| Other amounts payable | 47/48 | €56,694 | €96,246 | +€39,553 | +69.8% |
| Non-recurring operating income | 76A | €68,714 | €706 | -€68,008 | -99.0% |
| Remuneration, social security and pensions | 62 | €877,666 | €810,738 | -€66,927 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,323 | €47,613 | -€37,709 | -44.2% |
| Other operating charges | 640/8 | €14,561 | €14,417 | -€144 | -1.0% |
| Non-recurring operating charges | 66A | €13,151 | €29,875 | +€16,724 | +127.2% |
| Gross operating margin | 9900 | €1,026,250 | €905,395 | -€120,856 | -11.8% |
| Operating profit (loss) | 9901 | €35,550 | €2,751 | -€32,799 | -92.3% |
| Financial income | 75/76B | €1,478 | €3,082 | +€1,603 | +108.5% |
| Recurring financial income | 75 | €1,478 | €3,082 | +€1,603 | +108.5% |
| Financial charges | 65/66B | €32,242 | €28,225 | -€4,016 | -12.5% |
| Recurring financial charges | 65 | €32,242 | €28,225 | -€4,016 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €4,787 | -€22,392 | -€27,179 | |
| Transfer from deferred taxes | 780 | €608 | €0 | -€608 | -100.0% |
| Income taxes | 67/77 | €1,089 | €3,273 | +€2,185 | +200.7% |
| Profit (loss) for the period | 9904 | €4,306 | -€25,666 | -€29,972 | |
| Transfer from tax-exempt reserves | 789 | €1,722 | €0 | -€1,722 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,029 | -€25,666 | -€31,694 |
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 11 October 2026 via checked.be.