PNK: what changed
Two fiscal 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.
PNK
Largest movements
- Stocks and contracts -€131,663
no longer reported in 2025 (was €131,663)
- Tangible fixed assets -€101,840
no longer reported in 2025 (was €101,840)
- Cash -€58,820
down €58,820 (-97.5%), from €60,336 to €1,516
mainly Trade debts (-€359,565) and Net result for the year (-€124,823)
- Receivables within one year -€44,894
down €44,894 (-81.8%), from €54,907 to €10,012
of which Other amounts receivable: -€24,339
- Trade debts -€359,565
down €359,565 (-99.1%), from €362,923 to €3,358
- Other debts +€279,532
up €279,532 (+2872.8%), from €9,730 to €289,262
- Profit (loss) carried forward -€124,823
down €124,823 (-52.7%), from -€237,000 to -€361,822
- Debts after one year -€92,879
no longer reported in 2025 (was €92,879)
- Current portion of long-term debt -€36,011
no longer reported in 2025 (was €36,011)
- Gross operating margin -€314,591
down €314,591, from €269,211 to -€45,379
- Staff costs -€73,268
down €73,268 (-91.1%), from €80,404 to €7,136
- Other operating charges +€60,265
up €60,265 (+3420.2%), from €1,762 to €62,027
- Depreciation -€57,283
no longer reported in 2025 (was €57,283)
- Financial charges -€21,303
down €21,303 (-67.3%), from €31,672 to €10,369
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 | €351,991 | €11,528 | -€340,462 | -96.7% |
| Fixed assets | 21/28 | €101,840 | - | -€101,840 | |
| Tangible fixed assets | 22/27 | €101,840 | - | -€101,840 | |
| Plant, machinery and equipment | 23 | €101,840 | - | -€101,840 | |
| Current assets | 29/58 | €250,151 | €11,528 | -€238,623 | -95.4% |
| Stocks and contracts in progress | 3 | €131,663 | - | -€131,663 | |
| Stocks | 30/36 | €131,663 | - | -€131,663 | |
| Amounts receivable within one year | 40/41 | €54,907 | €10,012 | -€44,894 | -81.8% |
| Trade receivables | 40 | €20,555 | - | -€20,555 | |
| Other amounts receivable | 41 | €34,352 | €10,012 | -€24,339 | -70.9% |
| Cash at bank and in hand | 54/58 | €60,336 | €1,516 | -€58,820 | -97.5% |
| Deferred charges and accrued income | 490/1 | €3,246 | - | -€3,246 | |
| Total equity and liabilities | 10/49 | €351,991 | €11,528 | -€340,462 | -96.7% |
| Equity | 10/15 | -€158,612 | -€283,434 | -€124,823 | -78.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €48,388 | €48,388 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,388 | €45,388 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€237,000 | -€361,822 | -€124,823 | -52.7% |
| Amounts payable | 17/49 | €510,602 | €294,962 | -€215,640 | -42.2% |
| Amounts payable after more than one year | 17 | €92,879 | - | -€92,879 | |
| Financial debts | 170/4 | €92,879 | - | -€92,879 | |
| Amounts payable within one year | 42/48 | €417,723 | €294,962 | -€122,761 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €36,011 | - | -€36,011 | |
| Trade debts | 44 | €362,923 | €3,358 | -€359,565 | -99.1% |
| Suppliers | 440/4 | €362,923 | €3,358 | -€359,565 | -99.1% |
| Advances received on contracts in progress | 46 | €745 | - | -€745 | |
| Taxes, remuneration and social security | 45 | €8,314 | €2,342 | -€5,971 | -71.8% |
| Taxes | 450/3 | - | €2,342 | +€2,342 | |
| Remuneration and social security | 454/9 | €8,314 | - | -€8,314 | |
| Other amounts payable | 47/48 | €9,730 | €289,262 | +€279,532 | +2872.8% |
| Remuneration, social security and pensions | 62 | €80,404 | €7,136 | -€73,268 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,283 | - | -€57,283 | |
| Other operating charges | 640/8 | €1,762 | €62,027 | +€60,265 | +3420.2% |
| Gross operating margin | 9900 | €269,211 | -€45,379 | -€314,591 | |
| Operating profit (loss) | 9901 | €129,762 | -€114,542 | -€244,304 | |
| Financial income | 75/76B | €4,265 | €88 | -€4,176 | -97.9% |
| Recurring financial income | 75 | €4,265 | €88 | -€4,176 | -97.9% |
| Financial charges | 65/66B | €31,672 | €10,369 | -€21,303 | -67.3% |
| Recurring financial charges | 65 | €31,672 | €10,369 | -€21,303 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €102,355 | -€124,823 | -€227,178 | |
| Profit (loss) for the period | 9904 | €102,355 | -€124,823 | -€227,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,355 | -€124,823 | -€227,178 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.