PINTO & PINTO: 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.
PINTO & PINTO
Largest movements
- Receivables within one year +€102,321
up €102,321 (+29.6%), from €346,144 to €448,465
of which Trade receivables: +€78,965
- Deferred charges and accrued income -€18,491
down €18,491 (-87.5%), from €21,131 to €2,640
- Tangible fixed assets +€16,941
up €16,941 (+478%), from €3,542 to €20,483
- Trade debts +€81,802
up €81,802 (+40.5%), from €201,806 to €283,608
- Current portion of long-term debt +€10,826
new in 2025: €10,826
- Profit (loss) carried forward +€8,933
up €8,933 (+9.6%), from €93,213 to €102,146
- Gross operating margin +€25,424
up €25,424 (+106%), from €24,020 to €49,444
- Financial charges +€17,410
up €17,410 (+180%), from €9,682 to €27,092
- Depreciation +€3,028
up €3,028 (+71.7%), from €4,221 to €7,249
- Taxes +€2,316
up €2,316 (+158%), from €1,469 to €3,785
- Staff costs -€965
down €965 (-30.2%), from €3,192 to €2,227
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 | €405,724 | €510,572 | +€104,848 | +25.8% |
| Fixed assets | 21/28 | €6,750 | €23,691 | +€16,941 | +251% |
| Tangible fixed assets | 22/27 | €3,542 | €20,483 | +€16,941 | +478% |
| Furniture and vehicles | 24 | €3,542 | €20,483 | +€16,941 | +478% |
| Financial fixed assets | 28 | €3,208 | €3,208 | = | 0.0% |
| Current assets | 29/58 | €398,974 | €486,881 | +€87,907 | +22.0% |
| Amounts receivable within one year | 40/41 | €346,144 | €448,465 | +€102,321 | +29.6% |
| Trade receivables | 40 | €280,619 | €359,584 | +€78,965 | +28.1% |
| Other amounts receivable | 41 | €65,525 | €88,881 | +€23,356 | +35.6% |
| Cash at bank and in hand | 54/58 | €31,699 | €35,776 | +€4,077 | +12.9% |
| Deferred charges and accrued income | 490/1 | €21,131 | €2,640 | -€18,491 | -87.5% |
| Total equity and liabilities | 10/49 | €405,724 | €510,572 | +€104,848 | +25.8% |
| Equity | 10/15 | €166,327 | €175,260 | +€8,933 | +5.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €54,114 | €54,114 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,100 | - | -€2,100 | |
| Reserves not available under the articles | 1311 | €2,100 | - | -€2,100 | |
| Tax-exempt reserves | 132 | €40,014 | €40,014 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €14,100 | +€2,100 | +17.5% |
| Profit (loss) carried forward | 14 | €93,213 | €102,146 | +€8,933 | +9.6% |
| Amounts payable | 17/49 | €239,397 | €335,312 | +€95,915 | +40.1% |
| Amounts payable after more than one year | 17 | - | €3,715 | +€3,715 | |
| Financial debts | 170/4 | - | €3,715 | +€3,715 | |
| Amounts payable within one year | 42/48 | €236,092 | €329,472 | +€93,380 | +39.6% |
| Current portion of amounts payable after more than one year | 42 | - | €10,826 | +€10,826 | |
| Trade debts | 44 | €201,806 | €283,608 | +€81,802 | +40.5% |
| Suppliers | 440/4 | €201,806 | €283,608 | +€81,802 | +40.5% |
| Taxes, remuneration and social security | 45 | €24,286 | €25,038 | +€752 | +3.1% |
| Taxes | 450/3 | €5,544 | €7,129 | +€1,585 | +28.6% |
| Remuneration and social security | 454/9 | €18,742 | €17,909 | -€833 | -4.4% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,305 | €2,125 | -€1,180 | -35.7% |
| Remuneration, social security and pensions | 62 | €3,192 | €2,227 | -€965 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,221 | €7,249 | +€3,028 | +71.7% |
| Other operating charges | 640/8 | €622 | €1,435 | +€813 | +131% |
| Non-recurring operating charges | 66A | €1,480 | - | -€1,480 | |
| Gross operating margin | 9900 | €24,020 | €49,444 | +€25,424 | +106% |
| Operating profit (loss) | 9901 | €14,505 | €38,533 | +€24,028 | +166% |
| Financial income | 75/76B | €919 | €1,277 | +€358 | +39.0% |
| Recurring financial income | 75 | €919 | €1,277 | +€358 | +39.0% |
| Financial charges | 65/66B | €9,682 | €27,092 | +€17,410 | +180% |
| Recurring financial charges | 65 | €9,682 | €27,092 | +€17,410 | +180% |
| Profit (loss) for the period before taxes | 9903 | €5,742 | €12,718 | +€6,976 | +121% |
| Income taxes | 67/77 | €1,469 | €3,785 | +€2,316 | +158% |
| Profit (loss) for the period | 9904 | €4,273 | €8,933 | +€4,660 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €4,273 | €8,933 | +€4,660 | +109% |
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.