PINKZEBRA: 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.
PINKZEBRA
Largest movements
- Receivables within one year -€18,607
down €18,607 (-60.9%), from €30,553 to €11,946
of which Trade receivables: -€18,607
- Tangible fixed assets -€8,242
down €8,242 (-5.4%), from €151,563 to €143,321
of which Land and buildings: -€6,120
- Cash +€4,026
up €4,026 (+184%), from €2,191 to €6,217
mainly Receivables within one year (+€18,607) and Depreciation (+€8,242)
- Current portion of long-term debt -€9,585
down €9,585 (-53.1%), from €18,061 to €8,476
- Debts after one year -€8,476
down €8,476 (-100%), from €8,476 to €0
- Reserves -€2,776
down €2,776 (-2.3%), from €119,783 to €117,007
of which Distributable reserves: -€2,776
- Tax, wage and social debts -€2,131
down €2,131 (-32.9%), from €6,468 to €4,338
- Gross operating margin -€38,600
down €38,600 (-78.2%), from €49,354 to €10,755
- Taxes -€5,971
down €5,971 (-100%), from €5,971 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €184,626 | €161,903 | -€22,723 | -12.3% |
| Fixed assets | 21/28 | €151,563 | €143,321 | -€8,242 | -5.4% |
| Tangible fixed assets | 22/27 | €151,563 | €143,321 | -€8,242 | -5.4% |
| Land and buildings | 22 | €148,132 | €142,012 | -€6,120 | -4.1% |
| Furniture and vehicles | 24 | €3,430 | €1,308 | -€2,122 | -61.9% |
| Current assets | 29/58 | €33,064 | €18,583 | -€14,481 | -43.8% |
| Amounts receivable within one year | 40/41 | €30,553 | €11,946 | -€18,607 | -60.9% |
| Trade receivables | 40 | €30,553 | €11,946 | -€18,607 | -60.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,191 | €6,217 | +€4,026 | +184% |
| Deferred charges and accrued income | 490/1 | €320 | €420 | +€100 | +31.2% |
| Total equity and liabilities | 10/49 | €184,626 | €161,903 | -€22,723 | -12.3% |
| Equity | 10/15 | €138,383 | €135,607 | -€2,776 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,783 | €117,007 | -€2,776 | -2.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €119,783 | €117,007 | -€2,776 | -2.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €46,243 | €26,296 | -€19,947 | -43.1% |
| Amounts payable after more than one year | 17 | €8,476 | €0 | -€8,476 | -100% |
| Financial debts | 170/4 | €8,476 | €0 | -€8,476 | -100% |
| Amounts payable within one year | 42/48 | €36,874 | €25,403 | -€11,471 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €18,061 | €8,476 | -€9,585 | -53.1% |
| Trade debts | 44 | €1,136 | €1,366 | +€231 | +20.3% |
| Suppliers | 440/4 | €1,136 | €1,366 | +€231 | +20.3% |
| Taxes, remuneration and social security | 45 | €6,468 | €4,338 | -€2,131 | -32.9% |
| Taxes | 450/3 | €6,468 | €4,338 | -€2,131 | -32.9% |
| Other amounts payable | 47/48 | €11,209 | €11,223 | +€14 | +0.1% |
| Accrued charges and deferred income | 492/3 | €893 | €893 | = | 0.0% |
| Non-recurring operating income | 76A | €5,108 | €0 | -€5,108 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,681 | €8,242 | -€439 | -5.1% |
| Other operating charges | 640/8 | €2,194 | €2,605 | +€410 | +18.7% |
| Gross operating margin | 9900 | €49,354 | €10,755 | -€38,600 | -78.2% |
| Operating profit (loss) | 9901 | €38,480 | -€92 | -€38,572 | |
| Financial income | 75/76B | €2 | €52 | +€51 | +3,145% |
| Recurring financial income | 75 | €2 | €52 | +€51 | +3,145% |
| Financial charges | 65/66B | €3,048 | €2,737 | -€311 | -10.2% |
| Recurring financial charges | 65 | €3,048 | €2,737 | -€311 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €35,433 | -€2,776 | -€38,210 | |
| Income taxes | 67/77 | €5,971 | €0 | -€5,971 | -100% |
| Profit (loss) for the period | 9904 | €29,462 | -€2,776 | -€32,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,462 | -€2,776 | -€32,238 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.