PINZINI DECOR: 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.
PINZINI DECOR
Largest movements
- Receivables within one year +€10,362
up €10,362 (+207%), from €5,015 to €15,377
of which Trade receivables: +€9,563
- Tangible fixed assets -€7,612
down €7,612 (-50.0%), from €15,239 to €7,627
of which Furniture and vehicles: -€6,915
- Cash +€445
up €445 (+386%), from €115 to €560
mainly Net result for the year (+€13,545) and Depreciation (+€7,612)
- Profit (loss) carried forward +€13,545
up €13,545 (+54.9%), from -€24,692 to -€11,147
- Current portion of long-term debt -€3,842
down €3,842 (-35.8%), from €10,739 to €6,897
- Other debts -€3,220
no longer reported in 2025 (was €3,220)
- Trade debts -€2,320
down €2,320 (-10.7%), from €21,779 to €19,458
- Tax, wage and social debts -€797
down €797 (-12.4%), from €6,435 to €5,638
of which Remuneration and social security: -€1,328
- Gross operating margin +€25,126
up €25,126 (+50.5%), from €49,735 to €74,861
- Staff costs -€8,949
down €8,949 (-14.8%), from €60,344 to €51,396
- Other operating charges -€2,576
down €2,576 (-87.4%), from €2,947 to €371
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 | €20,480 | €23,846 | +€3,365 | +16.4% |
| Fixed assets | 21/28 | €15,239 | €7,627 | -€7,612 | -50.0% |
| Tangible fixed assets | 22/27 | €15,239 | €7,627 | -€7,612 | -50.0% |
| Plant, machinery and equipment | 23 | €514 | €285 | -€229 | -44.5% |
| Furniture and vehicles | 24 | €13,813 | €6,898 | -€6,915 | -50.1% |
| Other tangible fixed assets | 26 | €912 | €444 | -€468 | -51.3% |
| Current assets | 29/58 | €5,241 | €16,219 | +€10,978 | +209% |
| Amounts receivable within one year | 40/41 | €5,015 | €15,377 | +€10,362 | +207% |
| Trade receivables | 40 | €2,266 | €11,830 | +€9,563 | +422% |
| Other amounts receivable | 41 | €2,749 | €3,547 | +€798 | +29.0% |
| Cash at bank and in hand | 54/58 | €115 | €560 | +€445 | +386% |
| Deferred charges and accrued income | 490/1 | €111 | €282 | +€171 | +154% |
| Total equity and liabilities | 10/49 | €20,480 | €23,846 | +€3,365 | +16.4% |
| Equity | 10/15 | -€21,692 | -€8,147 | +€13,545 | +62.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,692 | -€11,147 | +€13,545 | +54.9% |
| Amounts payable | 17/49 | €42,173 | €31,993 | -€10,180 | -24.1% |
| Amounts payable within one year | 42/48 | €42,173 | €31,993 | -€10,180 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €10,739 | €6,897 | -€3,842 | -35.8% |
| Trade debts | 44 | €21,779 | €19,458 | -€2,320 | -10.7% |
| Suppliers | 440/4 | €21,779 | €19,458 | -€2,320 | -10.7% |
| Taxes, remuneration and social security | 45 | €6,435 | €5,638 | -€797 | -12.4% |
| Taxes | 450/3 | €903 | €1,434 | +€531 | +58.8% |
| Remuneration and social security | 454/9 | €5,532 | €4,204 | -€1,328 | -24.0% |
| Other amounts payable | 47/48 | €3,220 | - | -€3,220 | |
| Remuneration, social security and pensions | 62 | €60,344 | €51,396 | -€8,949 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,743 | €7,612 | -€131 | -1.7% |
| Other operating charges | 640/8 | €2,947 | €371 | -€2,576 | -87.4% |
| Gross operating margin | 9900 | €49,735 | €74,861 | +€25,126 | +50.5% |
| Operating profit (loss) | 9901 | -€21,298 | €15,483 | +€36,781 | |
| Financial income | 75/76B | €53 | €168 | +€115 | +218% |
| Recurring financial income | 75 | €53 | €168 | +€115 | +218% |
| Financial charges | 65/66B | €1,088 | €1,309 | +€221 | +20.3% |
| Recurring financial charges | 65 | €1,088 | €1,309 | +€221 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,333 | €14,342 | +€36,676 | |
| Income taxes | 67/77 | €432 | €797 | +€365 | +84.4% |
| Profit (loss) for the period | 9904 | -€22,766 | €13,545 | +€36,311 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,766 | €13,545 | +€36,311 |
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 27 October 2026 via checked.be.