Pinecone Ops: 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.
Pinecone Ops
Largest movements
- Receivables within one year -€43,542
down €43,542 (-44.8%), from €97,255 to €53,714
of which Trade receivables: -€77,161
- Cash +€43,391
up €43,391 (+200.8%), from €21,605 to €64,996
mainly Net result for the year (+€44,142) and Receivables within one year (+€43,542)
- Deferred charges and accrued income +€4,020
up €4,020 (+872.1%), from €461 to €4,481
- Tangible fixed assets -€2,990
down €2,990 (-65.3%), from €4,578 to €1,588
- Other debts +€41,646
up €41,646 (+809.4%), from €5,145 to €46,791
- Reserves -€34,755
down €34,755 (-35.6%), from €97,716 to €62,961
- Trade debts -€4,567
down €4,567 (-77.4%), from €5,901 to €1,334
- Tax, wage and social debts -€1,444
down €1,444 (-14.2%), from €10,137 to €8,693
- Gross operating margin +€7,902
up €7,902 (+16.6%), from €47,669 to €55,571
- Financial income +€3,923
up €3,923 (+5364.1%), from €73 to €3,996
- Taxes +€2,379
up €2,379 (+25.8%), from €9,225 to €11,604
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 | €123,899 | €124,779 | +€879 | +0.7% |
| Fixed assets | 21/28 | €4,578 | €1,588 | -€2,990 | -65.3% |
| Tangible fixed assets | 22/27 | €4,578 | €1,588 | -€2,990 | -65.3% |
| Furniture and vehicles | 24 | €4,578 | €1,588 | -€2,990 | -65.3% |
| Current assets | 29/58 | €119,321 | €123,190 | +€3,869 | +3.2% |
| Amounts receivable within one year | 40/41 | €97,255 | €53,714 | -€43,542 | -44.8% |
| Trade receivables | 40 | €82,085 | €4,924 | -€77,161 | -94.0% |
| Other amounts receivable | 41 | €15,170 | €48,789 | +€33,620 | +221.6% |
| Cash at bank and in hand | 54/58 | €21,605 | €64,996 | +€43,391 | +200.8% |
| Deferred charges and accrued income | 490/1 | €461 | €4,481 | +€4,020 | +872.1% |
| Total equity and liabilities | 10/49 | €123,899 | €124,779 | +€879 | +0.7% |
| Equity | 10/15 | €102,716 | €67,961 | -€34,755 | -33.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,716 | €62,961 | -€34,755 | -35.6% |
| Distributable reserves | 133 | €97,716 | €62,961 | -€34,755 | -35.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,183 | €56,818 | +€35,635 | +168.2% |
| Amounts payable within one year | 42/48 | €21,183 | €56,818 | +€35,635 | +168.2% |
| Trade debts | 44 | €5,901 | €1,334 | -€4,567 | -77.4% |
| Suppliers | 440/4 | €5,901 | €1,334 | -€4,567 | -77.4% |
| Taxes, remuneration and social security | 45 | €10,137 | €8,693 | -€1,444 | -14.2% |
| Taxes | 450/3 | €10,137 | €8,693 | -€1,444 | -14.2% |
| Other amounts payable | 47/48 | €5,145 | €46,791 | +€41,646 | +809.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,910 | €2,990 | +€80 | +2.7% |
| Other operating charges | 640/8 | €760 | €765 | +€5 | +0.6% |
| Gross operating margin | 9900 | €47,669 | €55,571 | +€7,902 | +16.6% |
| Operating profit (loss) | 9901 | €44,000 | €51,817 | +€7,817 | +17.8% |
| Financial income | 75/76B | €73 | €3,996 | +€3,923 | +5364.1% |
| Recurring financial income | 75 | €73 | €3,996 | +€3,923 | +5364.1% |
| Financial charges | 65/66B | €93 | €67 | -€26 | -27.8% |
| Recurring financial charges | 65 | €93 | €67 | -€26 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €43,980 | €55,746 | +€11,765 | +26.8% |
| Income taxes | 67/77 | €9,225 | €11,604 | +€2,379 | +25.8% |
| Profit (loss) for the period | 9904 | €34,755 | €44,142 | +€9,387 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,755 | €44,142 | +€9,387 | +27.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.