PINSCO: 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.
PINSCO
Largest movements
- Financial fixed assets +€30,000
up €30,000 (+8.1%), from €369,375 to €399,375
- Receivables within one year +€15,498
up €15,498 (+26.3%), from €58,881 to €74,378
of which Trade receivables: +€19,334
- Profit (loss) carried forward +€20,677
up €20,677 (+95.5%), from -€21,641 to -€963
- Trade debts +€18,671
up €18,671 (+279%), from €6,687 to €25,358
- Other debts +€5,179
up €5,179 (+26.5%), from €19,537 to €24,716
- Gross operating margin +€57,573
up €57,573 (+86.7%), from €66,401 to €123,975
- Taxes +€13,781
up €13,781, from €0 to €13,781
- Staff costs +€5,363
up €5,363 (+9.4%), from €56,925 to €62,287
- Financial charges -€3,699
down €3,699 (-12.9%), from €28,633 to €24,934
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 | €444,616 | €488,804 | +€44,188 | +9.9% |
| Fixed assets | 21/28 | €371,222 | €399,375 | +€28,153 | +7.6% |
| Intangible fixed assets | 21 | €1,847 | €0 | -€1,847 | -100% |
| Financial fixed assets | 28 | €369,375 | €399,375 | +€30,000 | +8.1% |
| Current assets | 29/58 | €73,394 | €89,429 | +€16,035 | +21.8% |
| Amounts receivable within one year | 40/41 | €58,881 | €74,378 | +€15,498 | +26.3% |
| Trade receivables | 40 | €48,825 | €68,159 | +€19,334 | +39.6% |
| Other amounts receivable | 41 | €10,056 | €6,220 | -€3,836 | -38.2% |
| Cash at bank and in hand | 54/58 | €13,744 | €14,021 | +€277 | +2.0% |
| Deferred charges and accrued income | 490/1 | €770 | €1,029 | +€260 | +33.7% |
| Total equity and liabilities | 10/49 | €444,616 | €488,804 | +€44,188 | +9.9% |
| Equity | 10/15 | €46,413 | €67,090 | +€20,677 | +44.6% |
| Contributions | 10/11 | €6,225 | €6,225 | = | 0.0% |
| Reserves | 13 | €61,829 | €61,829 | = | 0.0% |
| Distributable reserves | 133 | €61,829 | €61,829 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,641 | -€963 | +€20,677 | +95.5% |
| Amounts payable | 17/49 | €398,203 | €421,713 | +€23,511 | +5.9% |
| Amounts payable after more than one year | 17 | €348,000 | €351,560 | +€3,560 | +1.0% |
| Financial debts | 170/4 | €348,000 | €351,560 | +€3,560 | +1.0% |
| Amounts payable within one year | 42/48 | €46,894 | €70,153 | +€23,259 | +49.6% |
| Financial debts | 43 | €5,885 | €5,873 | -€12 | -0.2% |
| Credit institutions | 430/8 | €5,885 | €5,873 | -€12 | -0.2% |
| Trade debts | 44 | €6,687 | €25,358 | +€18,671 | +279% |
| Suppliers | 440/4 | €6,687 | €25,358 | +€18,671 | +279% |
| Taxes, remuneration and social security | 45 | €14,785 | €14,206 | -€578 | -3.9% |
| Taxes | 450/3 | €8,873 | €7,357 | -€1,516 | -17.1% |
| Remuneration and social security | 454/9 | €5,912 | €6,849 | +€938 | +15.9% |
| Other amounts payable | 47/48 | €19,537 | €24,716 | +€5,179 | +26.5% |
| Accrued charges and deferred income | 492/3 | €3,309 | €0 | -€3,309 | -100% |
| Remuneration, social security and pensions | 62 | €56,925 | €62,287 | +€5,363 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,916 | €1,847 | -€1,070 | -36.7% |
| Other operating charges | 640/8 | €497 | €450 | -€48 | -9.6% |
| Gross operating margin | 9900 | €66,401 | €123,975 | +€57,573 | +86.7% |
| Operating profit (loss) | 9901 | €6,063 | €59,391 | +€53,328 | +880% |
| Financial income | 75/76B | €1 | €1 | -€0 | -36.9% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -36.9% |
| Financial charges | 65/66B | €28,633 | €24,934 | -€3,699 | -12.9% |
| Recurring financial charges | 65 | €28,633 | €24,934 | -€3,699 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,569 | €34,458 | +€57,027 | |
| Income taxes | 67/77 | €0 | €13,781 | +€13,781 | |
| Profit (loss) for the period | 9904 | -€22,569 | €20,677 | +€43,246 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,569 | €20,677 | +€43,246 |
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 18 October 2026 via checked.be.