PINSTRIPE: 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.
PINSTRIPE
Largest movements
- Cash -€18,356
down €18,356 (-77.8%), from €23,606 to €5,250
mainly Contributions, distributions and other (-€47,000) and Receivables within one year (-€17,606)
- Receivables within one year +€17,606
up €17,606 (+22.7%), from €77,407 to €95,013
of which Other amounts receivable: +€20,969
- Tangible fixed assets -€12,187
down €12,187 (-30.4%), from €40,072 to €27,885
of which Furniture and vehicles: -€10,876
- Debts after one year -€11,590
down €11,590 (-41.7%), from €27,814 to €16,224
- Current portion of long-term debt -€6,326
down €6,326 (-19.2%), from €32,987 to €26,662
- Reserves +€3,289
up €3,289 (+5.6%), from €59,128 to €62,417
- Write-downs -€12,114
down €12,114 (-100.0%), from €12,114 to €0
- Gross operating margin -€6,519
down €6,519 (-7.2%), from €90,302 to €83,784
- Taxes +€1,283
up €1,283 (+9.1%), from €14,164 to €15,447
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.
Cash bridge derived
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 | €142,501 | €129,364 | -€13,137 | -9.2% |
| Fixed assets | 21/28 | €40,467 | €28,180 | -€12,287 | -30.4% |
| Intangible fixed assets | 21 | €395 | €295 | -€100 | -25.3% |
| Tangible fixed assets | 22/27 | €40,072 | €27,885 | -€12,187 | -30.4% |
| Plant, machinery and equipment | 23 | €2,387 | €1,075 | -€1,312 | -55.0% |
| Furniture and vehicles | 24 | €37,686 | €26,810 | -€10,876 | -28.9% |
| Current assets | 29/58 | €102,034 | €101,184 | -€850 | -0.8% |
| Amounts receivable within one year | 40/41 | €77,407 | €95,013 | +€17,606 | +22.7% |
| Trade receivables | 40 | €24,648 | €21,285 | -€3,363 | -13.6% |
| Other amounts receivable | 41 | €52,759 | €73,728 | +€20,969 | +39.7% |
| Cash at bank and in hand | 54/58 | €23,606 | €5,250 | -€18,356 | -77.8% |
| Deferred charges and accrued income | 490/1 | €1,021 | €921 | -€100 | -9.8% |
| Total equity and liabilities | 10/49 | €142,501 | €129,364 | -€13,137 | -9.2% |
| Equity | 10/15 | €61,102 | €64,392 | +€3,289 | +5.4% |
| Contributions | 10/11 | €1,975 | €1,975 | = | 0.0% |
| Reserves | 13 | €59,128 | €62,417 | +€3,289 | +5.6% |
| Distributable reserves | 133 | €59,128 | €62,417 | +€3,289 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,399 | €64,973 | -€16,426 | -20.2% |
| Amounts payable after more than one year | 17 | €27,814 | €16,224 | -€11,590 | -41.7% |
| Financial debts | 170/4 | €27,814 | €16,224 | -€11,590 | -41.7% |
| Amounts payable within one year | 42/48 | €53,459 | €48,749 | -€4,711 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €32,987 | €26,662 | -€6,326 | -19.2% |
| Financial debts | 43 | €3,179 | €3,202 | +€23 | +0.7% |
| Credit institutions | 430/8 | €3,179 | €3,202 | +€23 | +0.7% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €2,627 | €3,549 | +€922 | +35.1% |
| Suppliers | 440/4 | €2,627 | €3,549 | +€922 | +35.1% |
| Taxes, remuneration and social security | 45 | €14,666 | €15,336 | +€670 | +4.6% |
| Taxes | 450/3 | €11,487 | €12,158 | +€670 | +5.8% |
| Remuneration and social security | 454/9 | €3,178 | €3,178 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €13,172 | +€356 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,114 | €0 | -€12,114 | -100.0% |
| Other operating charges | 640/8 | €1,298 | €1,343 | +€45 | +3.5% |
| Gross operating margin | 9900 | €90,302 | €83,784 | -€6,519 | -7.2% |
| Operating profit (loss) | 9901 | €64,075 | €69,269 | +€5,195 | +8.1% |
| Financial income | 75/76B | €230 | €0 | -€230 | -100.0% |
| Recurring financial income | 75 | €230 | €0 | -€230 | -100.0% |
| Financial charges | 65/66B | €4,003 | €3,534 | -€470 | -11.7% |
| Recurring financial charges | 65 | €4,003 | €3,534 | -€470 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €60,301 | €65,736 | +€5,434 | +9.0% |
| Income taxes | 67/77 | €14,164 | €15,447 | +€1,283 | +9.1% |
| Profit (loss) for the period | 9904 | €46,137 | €50,289 | +€4,152 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,137 | €50,289 | +€4,152 | +9.0% |
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 10 October 2026 via checked.be.