PINNA ANTONELLA: 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.
PINNA ANTONELLA
Largest movements
- Stocks and contracts +€5,321
up €5,321 (+62.4%), from €8,525 to €13,846
- Cash -€4,376
down €4,376 (-99.9%), from €4,380 to €3
mainly Other debts (-€8,474) and Stocks and contracts (-€5,321)
- Receivables within one year +€2,797
up €2,797 (+194%), from €1,445 to €4,242
- Tangible fixed assets -€1,440
down €1,440 (-10.8%), from €13,315 to €11,875
- Other debts -€8,474
down €8,474 (-43.1%), from €19,675 to €11,201
- Tax, wage and social debts +€5,129
up €5,129 (+115%), from €4,474 to €9,603
- Trade debts +€2,739
up €2,739 (+95.7%), from €2,861 to €5,600
- Short-term financial debts +€2,335
new in 2025: €2,335
- Profit (loss) carried forward +€572
up €572 (+369%), from €155 to €727
- Gross operating margin +€2,449
up €2,449 (+115%), from €2,134 to €4,583
- Financial charges +€707
up €707 (+168%), from €420 to €1,126
- Taxes +€562
up €562 (+118%), from €475 to €1,036
- Other operating charges +€408
new in 2025: €408
- Depreciation +€355
up €355 (+32.7%), from €1,086 to €1,440
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 | €27,665 | €29,966 | +€2,302 | +8.3% |
| Fixed assets | 21/28 | €13,315 | €11,875 | -€1,440 | -10.8% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -100% |
| Tangible fixed assets | 22/27 | €13,315 | €11,875 | -€1,440 | -10.8% |
| Other tangible fixed assets | 26 | €13,315 | €11,875 | -€1,440 | -10.8% |
| Current assets | 29/58 | €14,349 | €18,091 | +€3,742 | +26.1% |
| Stocks and contracts in progress | 3 | €8,525 | €13,846 | +€5,321 | +62.4% |
| Stocks | 30/36 | €8,525 | €13,846 | +€5,321 | +62.4% |
| Amounts receivable within one year | 40/41 | €1,445 | €4,242 | +€2,797 | +194% |
| Trade receivables | 40 | €1,445 | €4,242 | +€2,797 | +194% |
| Cash at bank and in hand | 54/58 | €4,380 | €3 | -€4,376 | -99.9% |
| Total equity and liabilities | 10/49 | €27,665 | €29,966 | +€2,302 | +8.3% |
| Equity | 10/15 | €655 | €1,227 | +€572 | +87.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155 | €727 | +€572 | +369% |
| Amounts payable | 17/49 | €27,010 | €28,739 | +€1,730 | +6.4% |
| Amounts payable within one year | 42/48 | €27,010 | €28,739 | +€1,730 | +6.4% |
| Financial debts | 43 | - | €2,335 | +€2,335 | |
| Credit institutions | 430/8 | - | €2,335 | +€2,335 | |
| Trade debts | 44 | €2,861 | €5,600 | +€2,739 | +95.7% |
| Suppliers | 440/4 | €2,861 | €5,600 | +€2,739 | +95.7% |
| Taxes, remuneration and social security | 45 | €4,474 | €9,603 | +€5,129 | +115% |
| Taxes | 450/3 | €4,474 | €9,603 | +€5,129 | +115% |
| Other amounts payable | 47/48 | €19,675 | €11,201 | -€8,474 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,086 | €1,440 | +€355 | +32.7% |
| Other operating charges | 640/8 | - | €408 | +€408 | |
| Gross operating margin | 9900 | €2,134 | €4,583 | +€2,449 | +115% |
| Operating profit (loss) | 9901 | €1,048 | €2,734 | +€1,686 | +161% |
| Financial income | 75/76B | €1 | €1 | -€1 | -59.0% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -59.0% |
| Financial charges | 65/66B | €420 | €1,126 | +€707 | +168% |
| Recurring financial charges | 65 | €420 | €1,126 | +€707 | +168% |
| Profit (loss) for the period before taxes | 9903 | €629 | €1,608 | +€979 | +156% |
| Income taxes | 67/77 | €475 | €1,036 | +€562 | +118% |
| Profit (loss) for the period | 9904 | €155 | €572 | +€417 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €155 | €572 | +€417 | +269% |
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 23 October 2026 via checked.be.