PINSON: 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.
PINSON
Largest movements
- Cash +€100,822
up €100,822 (+183%), from €55,022 to €155,845
mainly Depreciation (+€88,545) and Receivables within one year (+€21,252)
- Tangible fixed assets -€88,545
down €88,545 (-5.0%), from €1.8m to €1.7m
of which Land and buildings: -€88,545
- Receivables within one year -€21,252
down €21,252 (-76.9%), from €27,629 to €6,377
of which Other amounts receivable: -€12,680
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€25,105
up €25,105 (+29.8%), from €84,210 to €109,315
- Taxes +€15,244
up €15,244 (+272%), from €5,597 to €20,841
- Other operating charges +€9,576
up €9,576 (+626%), from €1,530 to €11,106
- Depreciation +€7,500
up €7,500 (+9.3%), from €81,045 to €88,545
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 | €1,867,097 | €1,858,852 | -€8,245 | -0.4% |
| Fixed assets | 21/28 | €1,784,445 | €1,695,901 | -€88,545 | -5.0% |
| Tangible fixed assets | 22/27 | €1,784,445 | €1,695,901 | -€88,545 | -5.0% |
| Land and buildings | 22 | €1,784,445 | €1,695,901 | -€88,545 | -5.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €82,652 | €162,951 | +€80,300 | +97.2% |
| Amounts receivable within one year | 40/41 | €27,629 | €6,377 | -€21,252 | -76.9% |
| Trade receivables | 40 | €8,700 | €128 | -€8,572 | -98.5% |
| Other amounts receivable | 41 | €18,929 | €6,249 | -€12,680 | -67.0% |
| Cash at bank and in hand | 54/58 | €55,022 | €155,845 | +€100,822 | +183% |
| Deferred charges and accrued income | 490/1 | - | €730 | +€730 | |
| Total equity and liabilities | 10/49 | €1,867,097 | €1,858,852 | -€8,245 | -0.4% |
| Equity | 10/15 | €1,555,273 | €1,560,289 | +€5,017 | +0.3% |
| Contributions | 10/11 | €227,200 | €227,200 | = | 0.0% |
| Reserves | 13 | €1,328,073 | €1,333,089 | +€5,017 | +0.4% |
| Tax-exempt reserves | 132 | €935,095 | €885,997 | -€49,099 | -5.3% |
| Distributable reserves | 133 | €392,977 | €447,093 | +€54,115 | +13.8% |
| Provisions and deferred taxes | 16 | €311,698 | €295,332 | -€16,366 | -5.3% |
| Deferred taxes | 168 | €311,698 | €295,332 | -€16,366 | -5.3% |
| Amounts payable | 17/49 | €126 | €3,230 | +€3,104 | +2,464% |
| Amounts payable within one year | 42/48 | €126 | €3,230 | +€3,104 | +2,464% |
| Trade debts | 44 | €126 | €1,328 | +€1,202 | +954% |
| Suppliers | 440/4 | €126 | €1,328 | +€1,202 | +954% |
| Taxes, remuneration and social security | 45 | €0 | €1,902 | +€1,902 | |
| Taxes | 450/3 | €0 | €1,902 | +€1,902 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,045 | €88,545 | +€7,500 | +9.3% |
| Other operating charges | 640/8 | €1,530 | €11,106 | +€9,576 | +626% |
| Gross operating margin | 9900 | €84,210 | €109,315 | +€25,105 | +29.8% |
| Operating profit (loss) | 9901 | €1,635 | €9,665 | +€8,030 | +491% |
| Financial income | 75/76B | €65 | €45 | -€19 | -29.7% |
| Recurring financial income | 75 | €65 | €45 | -€19 | -29.7% |
| Financial charges | 65/66B | €53 | €218 | +€165 | +313% |
| Recurring financial charges | 65 | €53 | €218 | +€165 | +313% |
| Profit (loss) for the period before taxes | 9903 | €1,647 | €9,492 | +€7,845 | +476% |
| Transfer from deferred taxes | 780 | €14,980 | €16,366 | +€1,386 | +9.3% |
| Income taxes | 67/77 | €5,597 | €20,841 | +€15,244 | +272% |
| Profit (loss) for the period | 9904 | €11,030 | €5,017 | -€6,013 | -54.5% |
| Transfer from tax-exempt reserves | 789 | €44,940 | €49,099 | +€4,159 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,970 | €54,115 | -€1,854 | -3.3% |
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.