PINK: 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.
PINK
Largest movements
- Cash +€107,966
up €107,966 (+696%), from €15,519 to €123,485
mainly Net result for the year (+€121,652) and Receivables within one year (+€23,657)
- Receivables within one year -€23,657
down €23,657 (-97.8%), from €24,178 to €521
of which Other amounts receivable: -€23,136
- Tangible fixed assets -€11,661
down €11,661 (-2.5%), from €474,368 to €462,707
- Deferred charges and accrued income -€10,142
down €10,142 (-84.8%), from €11,956 to €1,814
- Reserves +€121,652
up €121,652 (+17.6%), from €690,029 to €811,680
of which Distributable reserves: +€76,102
- Other debts -€60,121
no longer reported in 2026 (was €60,121)
- Gross operating margin -€56,452
down €56,452 (-23.9%), from €236,445 to €179,993
- Taxes -€13,349
down €13,349 (-23.3%), from €57,269 to €43,920
- Other operating charges -€2,438
down €2,438 (-47.1%), from €5,177 to €2,739
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €826,571 | €889,077 | +€62,506 | +7.6% |
| Fixed assets | 21/28 | €474,368 | €462,707 | -€11,661 | -2.5% |
| Tangible fixed assets | 22/27 | €474,368 | €462,707 | -€11,661 | -2.5% |
| Land and buildings | 22 | €474,368 | €462,707 | -€11,661 | -2.5% |
| Current assets | 29/58 | €352,203 | €426,369 | +€74,167 | +21.1% |
| Amounts receivable within one year | 40/41 | €24,178 | €521 | -€23,657 | -97.8% |
| Trade receivables | 40 | €971 | €450 | -€521 | -53.7% |
| Other amounts receivable | 41 | €23,207 | €71 | -€23,136 | -99.7% |
| Current investments | 50/53 | €300,550 | €300,550 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,519 | €123,485 | +€107,966 | +696% |
| Deferred charges and accrued income | 490/1 | €11,956 | €1,814 | -€10,142 | -84.8% |
| Total equity and liabilities | 10/49 | €826,571 | €889,077 | +€62,506 | +7.6% |
| Equity | 10/15 | €765,029 | €886,680 | +€121,652 | +15.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €690,029 | €811,680 | +€121,652 | +17.6% |
| Tax-exempt reserves | 132 | €80,750 | €126,300 | +€45,550 | +56.4% |
| Distributable reserves | 133 | €609,279 | €685,380 | +€76,102 | +12.5% |
| Amounts payable | 17/49 | €61,542 | €2,396 | -€59,145 | -96.1% |
| Amounts payable within one year | 42/48 | €61,170 | €2,025 | -€59,145 | -96.7% |
| Trade debts | 44 | €1,049 | €1,925 | +€875 | +83.4% |
| Suppliers | 440/4 | €1,049 | €1,925 | +€875 | +83.4% |
| Taxes, remuneration and social security | 45 | - | €100 | +€100 | |
| Taxes | 450/3 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | €60,121 | - | -€60,121 | |
| Accrued charges and deferred income | 492/3 | €372 | €372 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,661 | €11,661 | = | 0.0% |
| Other operating charges | 640/8 | €5,177 | €2,739 | -€2,438 | -47.1% |
| Gross operating margin | 9900 | €236,445 | €179,993 | -€56,452 | -23.9% |
| Operating profit (loss) | 9901 | €219,608 | €165,593 | -€54,014 | -24.6% |
| Financial income | 75/76B | €984 | €2 | -€983 | -99.8% |
| Recurring financial income | 75 | €984 | €2 | -€983 | -99.8% |
| Financial charges | 65/66B | €1,715 | €24 | -€1,691 | -98.6% |
| Recurring financial charges | 65 | €1,715 | €24 | -€1,691 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €218,877 | €165,571 | -€53,306 | -24.4% |
| Income taxes | 67/77 | €57,269 | €43,920 | -€13,349 | -23.3% |
| Profit (loss) for the period | 9904 | €161,608 | €121,652 | -€39,957 | -24.7% |
| Transfer to tax-exempt reserves | 689 | €80,750 | €45,550 | -€35,200 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,858 | €76,102 | -€4,757 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.