PINTELON KOEN: 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.
PINTELON KOEN
Largest movements
- Cash +€85,244
up €85,244 (+65.7%), from €129,782 to €215,026
mainly Net result for the year (+€275,161) and Depreciation (+€93,929)
- Tangible fixed assets -€64,168
down €64,168 (-7.1%), from €906,780 to €842,612
- Receivables within one year +€52,002
up €52,002 (+15.3%), from €340,686 to €392,688
of which Trade receivables: +€84,741
- Stocks and contracts +€45,180
up €45,180 (+39.8%), from €113,477 to €158,656
- Intangible fixed assets -€30,000
down €30,000 (-19.7%), from €152,384 to €122,384
- Profit (loss) carried forward +€133,161
up €133,161 (+13.0%), from €1.0m to €1.2m
- Debts after one year -€83,408
down €83,408 (-11.9%), from €699,887 to €616,479
- Tax, wage and social debts +€46,577
up €46,577 (+362.6%), from €12,844 to €59,422
of which Taxes: +€46,113
- Gross operating margin +€71,291
up €71,291 (+16.5%), from €432,386 to €503,677
- Taxes +€26,101
up €26,101 (+39.1%), from €66,783 to €92,884
- Depreciation -€16,477
down €16,477 (-14.9%), from €110,406 to €93,929
- Financial income +€5,399
up €5,399 (+51.6%), from €10,465 to €15,864
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 | €1,899,152 | €1,986,982 | +€87,830 | +4.6% |
| Fixed assets | 21/28 | €1,059,163 | €964,996 | -€94,168 | -8.9% |
| Intangible fixed assets | 21 | €152,384 | €122,384 | -€30,000 | -19.7% |
| Tangible fixed assets | 22/27 | €906,780 | €842,612 | -€64,168 | -7.1% |
| Land and buildings | 22 | €805,358 | €774,880 | -€30,478 | -3.8% |
| Plant, machinery and equipment | 23 | €50,545 | €34,838 | -€15,707 | -31.1% |
| Furniture and vehicles | 24 | €42,912 | €26,261 | -€16,652 | -38.8% |
| Other tangible fixed assets | 26 | €7,965 | €6,634 | -€1,331 | -16.7% |
| Current assets | 29/58 | €839,989 | €1,021,986 | +€181,997 | +21.7% |
| Stocks and contracts in progress | 3 | €113,477 | €158,656 | +€45,180 | +39.8% |
| Stocks | 30/36 | €113,477 | €158,656 | +€45,180 | +39.8% |
| Amounts receivable within one year | 40/41 | €340,686 | €392,688 | +€52,002 | +15.3% |
| Trade receivables | 40 | €203,767 | €288,508 | +€84,741 | +41.6% |
| Other amounts receivable | 41 | €136,920 | €104,180 | -€32,739 | -23.9% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,782 | €215,026 | +€85,244 | +65.7% |
| Deferred charges and accrued income | 490/1 | €6,044 | €5,615 | -€429 | -7.1% |
| Total equity and liabilities | 10/49 | €1,899,152 | €1,986,982 | +€87,830 | +4.6% |
| Equity | 10/15 | €1,029,142 | €1,162,303 | +€133,161 | +12.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,024,142 | €1,157,303 | +€133,161 | +13.0% |
| Amounts payable | 17/49 | €870,010 | €824,679 | -€45,331 | -5.2% |
| Amounts payable after more than one year | 17 | €699,887 | €616,479 | -€83,408 | -11.9% |
| Financial debts | 170/4 | €699,887 | €616,479 | -€83,408 | -11.9% |
| Amounts payable within one year | 42/48 | €170,123 | €208,200 | +€38,076 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €81,257 | €83,408 | +€2,151 | +2.6% |
| Trade debts | 44 | €44,443 | €48,181 | +€3,738 | +8.4% |
| Suppliers | 440/4 | €44,443 | €48,181 | +€3,738 | +8.4% |
| Advances received on contracts in progress | 46 | €31,579 | €17,189 | -€14,389 | -45.6% |
| Taxes, remuneration and social security | 45 | €12,844 | €59,422 | +€46,577 | +362.6% |
| Taxes | 450/3 | €8,561 | €54,674 | +€46,113 | +538.7% |
| Remuneration and social security | 454/9 | €4,284 | €4,748 | +€464 | +10.8% |
| Remuneration, social security and pensions | 62 | €25,613 | €25,858 | +€245 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,406 | €93,929 | -€16,477 | -14.9% |
| Other operating charges | 640/8 | €2,701 | €5,140 | +€2,439 | +90.3% |
| Non-recurring operating charges | 66A | - | €238 | +€238 | |
| Gross operating margin | 9900 | €432,386 | €503,677 | +€71,291 | +16.5% |
| Operating profit (loss) | 9901 | €293,667 | €378,512 | +€84,845 | +28.9% |
| Financial income | 75/76B | €10,465 | €15,864 | +€5,399 | +51.6% |
| Recurring financial income | 75 | €10,465 | €15,864 | +€5,399 | +51.6% |
| Financial charges | 65/66B | €29,114 | €26,331 | -€2,783 | -9.6% |
| Recurring financial charges | 65 | €29,114 | €26,331 | -€2,783 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €275,018 | €368,045 | +€93,027 | +33.8% |
| Income taxes | 67/77 | €66,783 | €92,884 | +€26,101 | +39.1% |
| Profit (loss) for the period | 9904 | €208,235 | €275,161 | +€66,926 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208,235 | €275,161 | +€66,926 | +32.1% |
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 9 October 2026 via checked.be.