PINON ARCHITECTES: what changed
PINON ARCHITECTES
Largest movements
- Tangible fixed assets +€56,935
up €56,935 (+265%), from €21,513 to €78,448
of which Furniture and vehicles: +€55,681
- Receivables within one year -€31,876
down €31,876 (-6.9%), from €459,068 to €427,191
of which Trade receivables: -€45,967
- Cash +€16,751
up €16,751 (+19.1%), from €87,880 to €104,631
mainly Debts after one year (+€35,780) and Tax, wage and social debts (+€34,639)
- Deferred charges and accrued income +€8,985
up €8,985 (+90.1%), from €9,970 to €18,955
- Debts after one year +€35,780
up €35,780 (+959%), from €3,731 to €39,511
- Tax, wage and social debts +€34,639
up €34,639 (+305%), from €11,340 to €45,980
of which Taxes: +€31,009
- Reserves -€18,500
down €18,500 (-11.4%), from €162,360 to €143,860
of which Distributable reserves: -€18,500
- Other debts -€7,631
down €7,631 (-2.1%), from €355,248 to €347,617
- Gross operating margin -€131,383
down €131,383 (-50.7%), from €259,208 to €127,825
- Taxes -€34,014
down €34,014 (-78.4%), from €43,358 to €9,344
- Staff costs +€11,091
up €11,091 (+24.4%), from €45,411 to €56,502
- Financial charges +€6,260
up €6,260 (+41.9%), from €14,938 to €21,197
- Depreciation -€4,633
down €4,633 (-26.2%), from €17,718 to €13,085
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,733 | €629,528 | +€47,795 | +8.2% |
| Fixed assets | 21/28 | €24,816 | €78,751 | +€53,935 | +217% |
| Tangible fixed assets | 22/27 | €21,513 | €78,448 | +€56,935 | +265% |
| Plant, machinery and equipment | 23 | - | €1,254 | +€1,254 | |
| Furniture and vehicles | 24 | €21,513 | €77,194 | +€55,681 | +259% |
| Financial fixed assets | 28 | €3,303 | €303 | -€3,000 | -90.8% |
| Current assets | 29/58 | €556,917 | €550,777 | -€6,140 | -1.1% |
| Amounts receivable within one year | 40/41 | €459,068 | €427,191 | -€31,876 | -6.9% |
| Trade receivables | 40 | €452,425 | €406,459 | -€45,967 | -10.2% |
| Other amounts receivable | 41 | €6,642 | €20,732 | +€14,090 | +212% |
| Cash at bank and in hand | 54/58 | €87,880 | €104,631 | +€16,751 | +19.1% |
| Deferred charges and accrued income | 490/1 | €9,970 | €18,955 | +€8,985 | +90.1% |
| Total equity and liabilities | 10/49 | €581,733 | €629,528 | +€47,795 | +8.2% |
| Equity | 10/15 | €183,096 | €162,539 | -€20,556 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,360 | €143,860 | -€18,500 | -11.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €160,500 | €142,000 | -€18,500 | -11.5% |
| Profit (loss) carried forward | 14 | €2,136 | €79 | -€2,056 | -96.3% |
| Amounts payable | 17/49 | €398,637 | €466,989 | +€68,352 | +17.1% |
| Amounts payable after more than one year | 17 | €3,731 | €39,511 | +€35,780 | +959% |
| Financial debts | 170/4 | €3,731 | €39,511 | +€35,780 | +959% |
| Amounts payable within one year | 42/48 | €380,819 | €407,615 | +€26,796 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €11,138 | €10,417 | -€720 | -6.5% |
| Trade debts | 44 | €3,093 | €3,601 | +€508 | +16.4% |
| Suppliers | 440/4 | €3,093 | €3,601 | +€508 | +16.4% |
| Taxes, remuneration and social security | 45 | €11,340 | €45,980 | +€34,639 | +305% |
| Taxes | 450/3 | €2,266 | €33,275 | +€31,009 | +1,369% |
| Remuneration and social security | 454/9 | €9,075 | €12,705 | +€3,630 | +40.0% |
| Other amounts payable | 47/48 | €355,248 | €347,617 | -€7,631 | -2.1% |
| Accrued charges and deferred income | 492/3 | €14,087 | €19,863 | +€5,776 | +41.0% |
| Remuneration, social security and pensions | 62 | €45,411 | €56,502 | +€11,091 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,718 | €13,085 | -€4,633 | -26.2% |
| Other operating charges | 640/8 | €1,482 | €1,778 | +€296 | +20.0% |
| Gross operating margin | 9900 | €259,208 | €127,825 | -€131,383 | -50.7% |
| Operating profit (loss) | 9901 | €194,597 | €56,460 | -€138,137 | -71.0% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €14,938 | €21,197 | +€6,260 | +41.9% |
| Recurring financial charges | 65 | €14,938 | €21,197 | +€6,260 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €179,659 | €35,288 | -€144,371 | -80.4% |
| Income taxes | 67/77 | €43,358 | €9,344 | -€34,014 | -78.4% |
| Profit (loss) for the period | 9904 | €136,301 | €25,944 | -€110,358 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,301 | €25,944 | -€110,358 | -81.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.