LA PINEALE: 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.
LA PINEALE
Largest movements
- Cash -€20,757
down €20,757 (-31.9%), from €65,040 to €44,283
mainly Contributions, distributions and other (-€107,000) and Receivables within one year (-€20,498)
- Receivables within one year +€20,498
up €20,498 (+105%), from €19,518 to €40,016
- Receivables after one year +€16,818
up €16,818 (+45.6%), from €36,860 to €53,678
- Deferred charges and accrued income +€3,625
up €3,625 (+221%), from €1,643 to €5,268
- Tangible fixed assets -€2,447
down €2,447 (-6.8%), from €36,133 to €33,685
of which Furniture and vehicles: -€5,806
- Other debts +€115,214
up €115,214 (+52,180%), from €221 to €115,434
- Reserves -€95,015
down €95,015 (-84.2%), from €112,797 to €17,782
- Tax, wage and social debts +€8,516
up €8,516 (+78.8%), from €10,807 to €19,323
of which Taxes: +€8,516
- Debts after one year -€7,423
down €7,423 (-63.4%), from €11,710 to €4,287
- Trade debts -€3,520
down €3,520 (-82.6%), from €4,260 to €740
- Gross operating margin +€20,493
up €20,493 (+285%), from €7,185 to €27,679
- Financial income -€11,110
down €11,110 (-87.8%), from €12,650 to €1,541
- Taxes +€4,046
up €4,046 (+144%), from €2,805 to €6,851
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 | €173,074 | €190,760 | +€17,687 | +10.2% |
| Fixed assets | 21/28 | €50,013 | €47,516 | -€2,497 | -5.0% |
| Tangible fixed assets | 22/27 | €36,133 | €33,685 | -€2,447 | -6.8% |
| Furniture and vehicles | 24 | €18,343 | €12,537 | -€5,806 | -31.7% |
| Other tangible fixed assets | 26 | €17,789 | €21,148 | +€3,359 | +18.9% |
| Financial fixed assets | 28 | €13,880 | €13,830 | -€50 | -0.4% |
| Current assets | 29/58 | €123,061 | €143,245 | +€20,184 | +16.4% |
| Amounts receivable after more than one year | 29 | €36,860 | €53,678 | +€16,818 | +45.6% |
| Other amounts receivable | 291 | €36,860 | €53,678 | +€16,818 | +45.6% |
| Amounts receivable within one year | 40/41 | €19,518 | €40,016 | +€20,498 | +105% |
| Trade receivables | 40 | €19,518 | €40,016 | +€20,498 | +105% |
| Cash at bank and in hand | 54/58 | €65,040 | €44,283 | -€20,757 | -31.9% |
| Deferred charges and accrued income | 490/1 | €1,643 | €5,268 | +€3,625 | +221% |
| Total equity and liabilities | 10/49 | €173,074 | €190,760 | +€17,687 | +10.2% |
| Equity | 10/15 | €138,169 | €43,154 | -€95,015 | -68.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €112,797 | €17,782 | -€95,015 | -84.2% |
| Distributable reserves | 133 | €112,797 | €17,782 | -€95,015 | -84.2% |
| Profit (loss) carried forward | 14 | €19,172 | €19,172 | = | 0.0% |
| Amounts payable | 17/49 | €34,904 | €147,606 | +€112,702 | +323% |
| Amounts payable after more than one year | 17 | €11,710 | €4,287 | -€7,423 | -63.4% |
| Financial debts | 170/4 | €11,710 | €4,287 | -€7,423 | -63.4% |
| Amounts payable within one year | 42/48 | €22,760 | €142,920 | +€120,160 | +528% |
| Current portion of amounts payable after more than one year | 42 | €7,473 | €7,423 | -€50 | -0.7% |
| Trade debts | 44 | €4,260 | €740 | -€3,520 | -82.6% |
| Suppliers | 440/4 | €4,260 | €740 | -€3,520 | -82.6% |
| Taxes, remuneration and social security | 45 | €10,807 | €19,323 | +€8,516 | +78.8% |
| Taxes | 450/3 | €8,307 | €16,823 | +€8,516 | +103% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €221 | €115,434 | +€115,214 | +52,180% |
| Accrued charges and deferred income | 492/3 | €435 | €400 | -€35 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,173 | €8,390 | +€217 | +2.7% |
| Other operating charges | 640/8 | €724 | €687 | -€38 | -5.2% |
| Gross operating margin | 9900 | €7,185 | €27,679 | +€20,493 | +285% |
| Operating profit (loss) | 9901 | -€1,712 | €18,602 | +€20,314 | |
| Financial income | 75/76B | €12,650 | €1,541 | -€11,110 | -87.8% |
| Recurring financial income | 75 | €12,650 | €1,541 | -€11,110 | -87.8% |
| Financial charges | 65/66B | €1,496 | €1,307 | -€189 | -12.7% |
| Recurring financial charges | 65 | €1,496 | €1,307 | -€189 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €9,442 | €18,836 | +€9,394 | +99.5% |
| Income taxes | 67/77 | €2,805 | €6,851 | +€4,046 | +144% |
| Profit (loss) for the period | 9904 | €6,637 | €11,985 | +€5,347 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,637 | €11,985 | +€5,347 | +80.6% |
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 30 October 2026 via checked.be.