7 Pines: 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.
7 Pines
Largest movements
- Cash +€22,593
up €22,593 (+62.9%), from €35,941 to €58,534
mainly Depreciation (+€17,548) and Net result for the year (+€12,525)
- Tangible fixed assets -€17,548
down €17,548 (-50.6%), from €34,701 to €17,153
- Current investments +€8,017
new in 2025: €8,017
- Receivables within one year -€4,375
down €4,375 (-8.1%), from €54,068 to €49,693
of which Other amounts receivable: -€8,364
- Debts after one year -€15,403
no longer reported in 2025 (was €15,403)
- Tax, wage and social debts +€9,966
up €9,966 (+610%), from €1,634 to €11,600
- Reserves +€9,838
up €9,838 (+12.4%), from €79,045 to €88,883
- Profit (loss) carried forward +€2,687
new in 2025: €2,687
- Trade debts +€1,426
up €1,426 (+216%), from €660 to €2,086
- Gross operating margin -€6,675
down €6,675 (-14.0%), from €47,583 to €40,908
- Taxes +€4,067
up €4,067 (+102%), from €3,978 to €8,045
- Depreciation -€1,940
down €1,940 (-10.0%), from €19,488 to €17,548
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 | €125,859 | €134,536 | +€8,677 | +6.9% |
| Fixed assets | 21/28 | €34,701 | €17,153 | -€17,548 | -50.6% |
| Tangible fixed assets | 22/27 | €34,701 | €17,153 | -€17,548 | -50.6% |
| Furniture and vehicles | 24 | €34,701 | €17,153 | -€17,548 | -50.6% |
| Current assets | 29/58 | €91,158 | €117,383 | +€26,226 | +28.8% |
| Amounts receivable within one year | 40/41 | €54,068 | €49,693 | -€4,375 | -8.1% |
| Trade receivables | 40 | €34,253 | €38,242 | +€3,989 | +11.6% |
| Other amounts receivable | 41 | €19,816 | €11,451 | -€8,364 | -42.2% |
| Current investments | 50/53 | - | €8,017 | +€8,017 | |
| Cash at bank and in hand | 54/58 | €35,941 | €58,534 | +€22,593 | +62.9% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,139 | -€9 | -0.8% |
| Total equity and liabilities | 10/49 | €125,859 | €134,536 | +€8,677 | +6.9% |
| Equity | 10/15 | €91,445 | €103,970 | +€12,525 | +13.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €79,045 | €88,883 | +€9,838 | +12.4% |
| Distributable reserves | 133 | €79,045 | €88,883 | +€9,838 | +12.4% |
| Profit (loss) carried forward | 14 | - | €2,687 | +€2,687 | |
| Amounts payable | 17/49 | €34,413 | €30,566 | -€3,848 | -11.2% |
| Amounts payable after more than one year | 17 | €15,403 | - | -€15,403 | |
| Financial debts | 170/4 | €15,403 | - | -€15,403 | |
| Amounts payable within one year | 42/48 | €19,010 | €30,566 | +€11,556 | +60.8% |
| Current portion of amounts payable after more than one year | 42 | €15,135 | €15,403 | +€268 | +1.8% |
| Financial debts | 43 | €1,581 | €1,476 | -€105 | -6.6% |
| Credit institutions | 430/8 | €1,581 | €1,476 | -€105 | -6.6% |
| Trade debts | 44 | €660 | €2,086 | +€1,426 | +216% |
| Suppliers | 440/4 | €660 | €2,086 | +€1,426 | +216% |
| Taxes, remuneration and social security | 45 | €1,634 | €11,600 | +€9,966 | +610% |
| Taxes | 450/3 | €1,634 | €11,600 | +€9,966 | +610% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,488 | €17,548 | -€1,940 | -10.0% |
| Other operating charges | 640/8 | €610 | €462 | -€149 | -24.4% |
| Non-recurring operating charges | 66A | - | €1,754 | +€1,754 | |
| Gross operating margin | 9900 | €47,583 | €40,908 | -€6,675 | -14.0% |
| Operating profit (loss) | 9901 | €27,485 | €21,144 | -€6,341 | -23.1% |
| Financial income | 75/76B | €54 | €227 | +€172 | +317% |
| Recurring financial income | 75 | €54 | €227 | +€172 | +317% |
| Financial charges | 65/66B | €996 | €801 | -€195 | -19.6% |
| Recurring financial charges | 65 | €996 | €801 | -€195 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €26,543 | €20,570 | -€5,973 | -22.5% |
| Income taxes | 67/77 | €3,978 | €8,045 | +€4,067 | +102% |
| Profit (loss) for the period | 9904 | €22,565 | €12,525 | -€10,041 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,565 | €12,525 | -€10,041 | -44.5% |
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 15 October 2026 via checked.be.