BIETRUME PICAR: what changed
What changed
BIETRUME PICAR
NACE 68.321, Property management for co-owned buildings (syndics)
filed annual accounts (NBB)
Net result for the year
€6,182
2024 · €23,858-€17,676
Equity
€77,470
2024 · €71,288+€6,182
Cash
€13,669
2024 · €9,311+€4,358
Balance sheet total
€1.0m
2024 · €1.0m-€31,161
Largest movements
Assets
- Tangible fixed assets -€82,435
down €82,435 (-9.6%), from €854,642 to €772,207
of which Land and buildings: -€52,342
- Receivables within one year +€47,766
up €47,766 (+35.6%), from €134,080 to €181,847
of which Other amounts receivable: +€31,713
Equity and liabilities
- Debts after one year -€52,613
down €52,613 (-6.3%), from €838,985 to €786,371
- Tax, wage and social debts -€33,028
down €33,028 (-76.0%), from €43,443 to €10,415
- Trade debts +€32,839
up €32,839 (+131%), from €25,054 to €57,893
- Current portion of long-term debt +€15,503
up €15,503 (+21.9%), from €70,930 to €86,433
Income statement
- Gross operating margin -€33,138
down €33,138 (-19.2%), from €172,290 to €139,151
- Depreciation -€15,960
down €15,960 (-16.0%), from €99,595 to €83,636
- Taxes -€2,185
down €2,185 (-34.7%), from €6,300 to €4,115
- Financial charges -€2,080
down €2,080 (-5.9%), from €35,034 to €32,953
- Other operating charges -€1,985
down €1,985 (-26.4%), from €7,504 to €5,520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,858
Gross operating margin
-€33,138
Depreciation
+€15,960
Other operating charges
+€1,985
Other operating items
-€7,061
Financial income
+€313
Financial charges
+€2,080
Taxes
+€2,185
Result 2025
€6,182
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€41,513
Investment
€0
Financing
-€37,154
Cash 2024
€9,311
From operations (derived)
+€41,513
Net result for the year
+€6,182
Depreciation
+€83,636
Receivables within one year
-€47,766
Deferred charges and accrued income
-€350
Trade debts
+€32,839
Tax, wage and social debts
-€33,028
Financing
-€37,154
Debts after one year
-€52,613
Current portion of long-term debt
+€15,503
Short-term financial debts
-€44
Cash 2025
€13,669
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,049,743 | €1,018,582 | -€31,161 | -3.0% |
| Formation expenses | 20 | €3,601 | €2,401 | -€1,200 | -33.3% |
| Fixed assets | 21/28 | €902,750 | €820,315 | -€82,435 | -9.1% |
| Tangible fixed assets | 22/27 | €854,642 | €772,207 | -€82,435 | -9.6% |
| Land and buildings | 22 | €764,099 | €711,757 | -€52,342 | -6.9% |
| Plant, machinery and equipment | 23 | €74,388 | €50,111 | -€24,277 | -32.6% |
| Furniture and vehicles | 24 | €16,155 | €10,338 | -€5,817 | -36.0% |
| Financial fixed assets | 28 | €48,108 | €48,108 | = | 0.0% |
| Current assets | 29/58 | €143,391 | €195,866 | +€52,474 | +36.6% |
| Amounts receivable within one year | 40/41 | €134,080 | €181,847 | +€47,766 | +35.6% |
| Trade receivables | 40 | €37,860 | €53,913 | +€16,053 | +42.4% |
| Other amounts receivable | 41 | €96,220 | €127,933 | +€31,713 | +33.0% |
| Cash at bank and in hand | 54/58 | €9,311 | €13,669 | +€4,358 | +46.8% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €1,049,743 | €1,018,582 | -€31,161 | -3.0% |
| Equity | 10/15 | €71,288 | €77,470 | +€6,182 | +8.7% |
| Contributions | 10/11 | €118,000 | €118,000 | = | 0.0% |
| Capital | 10 | €118,000 | €118,000 | = | 0.0% |
| Issued capital | 100 | €118,000 | €118,000 | = | 0.0% |
| Reserves | 13 | €372 | €372 | = | 0.0% |
| Non-distributable reserves | 130/1 | €372 | €372 | = | 0.0% |
| Legal reserve | 130 | €372 | €372 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,084 | -€40,902 | +€6,182 | +13.1% |
| Amounts payable | 17/49 | €978,455 | €941,112 | -€37,343 | -3.8% |
| Amounts payable after more than one year | 17 | €838,985 | €786,371 | -€52,613 | -6.3% |
| Financial debts | 170/4 | €838,985 | €786,371 | -€52,613 | -6.3% |
| Amounts payable within one year | 42/48 | €139,470 | €154,741 | +€15,270 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €70,930 | €86,433 | +€15,503 | +21.9% |
| Financial debts | 43 | €44 | - | -€44 | |
| Credit institutions | 430/8 | €44 | - | -€44 | |
| Trade debts | 44 | €25,054 | €57,893 | +€32,839 | +131% |
| Suppliers | 440/4 | €25,054 | €57,893 | +€32,839 | +131% |
| Taxes, remuneration and social security | 45 | €43,443 | €10,415 | -€33,028 | -76.0% |
| Taxes | 450/3 | €43,443 | €10,415 | -€33,028 | -76.0% |
| Non-recurring operating income | 76A | - | €4,460 | +€4,460 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,595 | €83,636 | -€15,960 | -16.0% |
| Other operating charges | 640/8 | €7,504 | €5,520 | -€1,985 | -26.4% |
| Non-recurring operating charges | 66A | - | €7,061 | +€7,061 | |
| Gross operating margin | 9900 | €172,290 | €139,151 | -€33,138 | -19.2% |
| Operating profit (loss) | 9901 | €65,190 | €42,935 | -€22,255 | -34.1% |
| Financial income | 75/76B | €2 | €315 | +€313 | +15,578% |
| Recurring financial income | 75 | €2 | €315 | +€313 | +15,578% |
| Financial charges | 65/66B | €35,034 | €32,953 | -€2,080 | -5.9% |
| Recurring financial charges | 65 | €35,034 | €32,953 | -€2,080 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €30,158 | €10,297 | -€19,861 | -65.9% |
| Income taxes | 67/77 | €6,300 | €4,115 | -€2,185 | -34.7% |
| Profit (loss) for the period | 9904 | €23,858 | €6,182 | -€17,676 | -74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,858 | €6,182 | -€17,676 | -74.1% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.