Pine Creek: 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.
Pine Creek
Largest movements
- Receivables within one year +€48,142
new in 2025: €48,142
- Receivables after one year -€46,425
down €46,425 (-20.3%), from €228,977 to €182,551
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€3,995
down €3,995 (-6,262%), from -€64 to -€4,059
- Financial income -€2,083
down €2,083 (-20.9%), from €9,944 to €7,861
- Taxes -€1,708
down €1,708 (-87.1%), from €1,960 to €252
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 | €2,057,991 | €2,060,462 | +€2,471 | +0.1% |
| Formation expenses | 20 | €906 | €517 | -€390 | -43.0% |
| Fixed assets | 21/28 | €1,828,042 | €1,828,042 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,828,042 | €1,828,042 | = | 0.0% |
| Land and buildings | 22 | €1,797,526 | €1,797,526 | = | 0.0% |
| Assets under construction and advance payments | 27 | €30,516 | €30,516 | = | 0.0% |
| Current assets | 29/58 | €229,043 | €231,904 | +€2,860 | +1.2% |
| Amounts receivable after more than one year | 29 | €228,977 | €182,551 | -€46,425 | -20.3% |
| Other amounts receivable | 291 | €228,977 | €182,551 | -€46,425 | -20.3% |
| Amounts receivable within one year | 40/41 | - | €48,142 | +€48,142 | |
| Other amounts receivable | 41 | - | €48,142 | +€48,142 | |
| Cash at bank and in hand | 54/58 | €67 | €1,210 | +€1,143 | +1,713% |
| Total equity and liabilities | 10/49 | €2,057,991 | €2,060,462 | +€2,471 | +0.1% |
| Equity | 10/15 | €2,057,532 | €2,059,464 | +€1,932 | +0.1% |
| Contributions | 10/11 | €2,050,000 | €2,050,000 | = | 0.0% |
| Capital | 10 | - | €2,050,000 | +€2.1m | |
| Issued capital | 100 | - | €2,050,000 | +€2.1m | |
| Profit (loss) carried forward | 14 | €7,532 | €9,464 | +€1,932 | +25.7% |
| Amounts payable | 17/49 | €460 | €998 | +€539 | +117% |
| Amounts payable within one year | 42/48 | €460 | €998 | +€539 | +117% |
| Trade debts | 44 | - | €998 | +€998 | |
| Suppliers | 440/4 | - | €998 | +€998 | |
| Taxes, remuneration and social security | 45 | €460 | - | -€460 | |
| Taxes | 450/3 | €460 | - | -€460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €390 | = | 0.0% |
| Other operating charges | 640/8 | €1,139 | €1,175 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€64 | -€4,059 | -€3,995 | -6,262% |
| Operating profit (loss) | 9901 | -€1,593 | -€5,623 | -€4,030 | -253% |
| Financial income | 75/76B | €9,944 | €7,861 | -€2,083 | -20.9% |
| Recurring financial income | 75 | €9,944 | €7,861 | -€2,083 | -20.9% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €8,299 | €2,184 | -€6,114 | -73.7% |
| Income taxes | 67/77 | €1,960 | €252 | -€1,708 | -87.1% |
| Profit (loss) for the period | 9904 | €6,339 | €1,932 | -€4,407 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,339 | €1,932 | -€4,407 | -69.5% |
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 17 October 2026 via checked.be.