PINE APPLE: 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.
PINE APPLE
Largest movements
- Tangible fixed assets -€27,849
down €27,849 (-3.7%), from €758,001 to €730,152
of which Land and buildings: -€27,849
- Cash -€15,177
down €15,177 (-100.0%), from €15,177 to €0
mainly Net result for the year (-€36,777) and Provisions (-€7,050)
- Profit (loss) carried forward -€23,091
down €23,091 (-4.5%), from -€512,718 to -€535,809
- Reserves -€13,686
down €13,686 (-4.8%), from €282,509 to €268,824
of which Tax-exempt reserves: -€13,686
- Other operating charges +€5,137
up €5,137 (+55.1%), from €9,324 to €14,461
- Gross operating margin -€301
down €301 (-24.8%), from -€1,216 to -€1,517
- Financial charges -€104
down €104 (-100.0%), from €104 to €0
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 | €798,179 | €755,152 | -€43,026 | -5.4% |
| Fixed assets | 21/28 | €758,001 | €730,152 | -€27,849 | -3.7% |
| Tangible fixed assets | 22/27 | €758,001 | €730,152 | -€27,849 | -3.7% |
| Land and buildings | 22 | €758,001 | €730,152 | -€27,849 | -3.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €40,177 | €25,000 | -€15,177 | -37.8% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,000 | = | 0.0% |
| Trade receivables | 40 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,177 | €0 | -€15,177 | -100.0% |
| Total equity and liabilities | 10/49 | €798,179 | €755,152 | -€43,026 | -5.4% |
| Equity | 10/15 | €731,064 | €694,287 | -€36,777 | -5.0% |
| Contributions | 10/11 | €961,273 | €961,273 | = | 0.0% |
| Capital | 10 | €961,273 | €961,273 | = | 0.0% |
| Issued capital | 100 | €961,273 | €961,273 | = | 0.0% |
| Reserves | 13 | €282,509 | €268,824 | -€13,686 | -4.8% |
| Non-distributable reserves | 130/1 | €11,400 | €11,400 | = | 0.0% |
| Legal reserve | 130 | €11,400 | €11,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,625 | €66,939 | -€13,686 | -17.0% |
| Distributable reserves | 133 | €190,484 | €190,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€512,718 | -€535,809 | -€23,091 | -4.5% |
| Provisions and deferred taxes | 16 | €41,534 | €34,484 | -€7,050 | -17.0% |
| Deferred taxes | 168 | €41,534 | €34,484 | -€7,050 | -17.0% |
| Amounts payable | 17/49 | €25,581 | €26,381 | +€801 | +3.1% |
| Amounts payable within one year | 42/48 | €25,581 | €26,381 | +€801 | +3.1% |
| Trade debts | 44 | €10,540 | €5,244 | -€5,296 | -50.2% |
| Suppliers | 440/4 | €10,540 | €5,244 | -€5,296 | -50.2% |
| Other amounts payable | 47/48 | €15,041 | €21,137 | +€6,097 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,849 | €27,849 | = | 0.0% |
| Other operating charges | 640/8 | €9,324 | €14,461 | +€5,137 | +55.1% |
| Gross operating margin | 9900 | -€1,216 | -€1,517 | -€301 | -24.8% |
| Operating profit (loss) | 9901 | -€38,389 | -€43,827 | -€5,438 | -14.2% |
| Financial charges | 65/66B | €104 | €0 | -€104 | -100.0% |
| Recurring financial charges | 65 | €104 | €0 | -€104 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€38,493 | -€43,827 | -€5,334 | -13.9% |
| Transfer from deferred taxes | 780 | €7,050 | €7,050 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€31,443 | -€36,777 | -€5,334 | -17.0% |
| Transfer from tax-exempt reserves | 789 | €13,686 | €13,686 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,757 | -€23,091 | -€5,334 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.