DE PIKARDIJN: 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.
DE PIKARDIJN
Largest movements
- Cash +€13,358
up €13,358 (+102%), from €13,051 to €26,409
mainly Net result for the year (+€26,364) and Other debts (+€21,402)
- Tangible fixed assets +€10,116
up €10,116 (+39.0%), from €25,943 to €36,059
of which Other tangible fixed assets: +€10,795
- Receivables within one year +€8,467
up €8,467 (+421%), from €2,011 to €10,478
of which Other amounts receivable: +€9,559
- Stocks and contracts +€1,317
up €1,317 (+37.6%), from €3,501 to €4,818
- Profit (loss) carried forward +€25,190
up €25,190, from -€25,190 to €0
- Other debts +€21,402
up €21,402 (+212%), from €10,092 to €31,494
- Short-term financial debts -€9,713
down €9,713 (-100%), from €9,713 to €0
- Trade debts +€4,108
up €4,108 (+26.8%), from €15,338 to €19,446
- Debts after one year -€4,073
down €4,073 (-47.5%), from €8,580 to €4,507
- Gross operating margin +€78,150
up €78,150 (+898%), from €8,701 to €86,851
- Staff costs +€27,169
up €27,169 (+129%), from €21,026 to €48,195
- Depreciation +€6,314
up €6,314 (+193%), from €3,270 to €9,584
- Financial income -€2,966
down €2,966 (-99.4%), from €2,983 to €17
of which Non-recurring financial income: -€2,983
- Financial charges +€872
up €872 (+118%), from €737 to €1,609
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 | €46,717 | €80,556 | +€33,839 | +72.4% |
| Fixed assets | 21/28 | €25,943 | €36,836 | +€10,893 | +42.0% |
| Tangible fixed assets | 22/27 | €25,943 | €36,059 | +€10,116 | +39.0% |
| Land and buildings | 22 | €784 | €552 | -€232 | -29.6% |
| Plant, machinery and equipment | 23 | €13,553 | €15,632 | +€2,079 | +15.3% |
| Furniture and vehicles | 24 | €7,599 | €5,074 | -€2,525 | -33.2% |
| Other tangible fixed assets | 26 | €4,006 | €14,801 | +€10,795 | +269% |
| Financial fixed assets | 28 | €0 | €777 | +€777 | |
| Current assets | 29/58 | €20,775 | €43,720 | +€22,945 | +110% |
| Stocks and contracts in progress | 3 | €3,501 | €4,818 | +€1,317 | +37.6% |
| Stocks | 30/36 | €3,501 | €4,818 | +€1,317 | +37.6% |
| Amounts receivable within one year | 40/41 | €2,011 | €10,478 | +€8,467 | +421% |
| Trade receivables | 40 | €1,989 | €896 | -€1,093 | -54.9% |
| Other amounts receivable | 41 | €23 | €9,582 | +€9,559 | +41,562% |
| Cash at bank and in hand | 54/58 | €13,051 | €26,409 | +€13,358 | +102% |
| Deferred charges and accrued income | 490/1 | €2,211 | €2,014 | -€197 | -8.9% |
| Total equity and liabilities | 10/49 | €46,717 | €80,556 | +€33,839 | +72.4% |
| Equity | 10/15 | -€6,590 | €18,941 | +€25,531 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €341 | +€341 | |
| Distributable reserves | 133 | - | €341 | +€341 | |
| Profit (loss) carried forward | 14 | -€25,190 | €0 | +€25,190 | |
| Amounts payable | 17/49 | €53,307 | €61,615 | +€8,308 | +15.6% |
| Amounts payable after more than one year | 17 | €8,580 | €4,507 | -€4,073 | -47.5% |
| Financial debts | 170/4 | €8,580 | €4,507 | -€4,073 | -47.5% |
| Amounts payable within one year | 42/48 | €44,727 | €57,108 | +€12,381 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €3,992 | €4,073 | +€81 | +2.0% |
| Financial debts | 43 | €9,713 | €0 | -€9,713 | -100% |
| Credit institutions | 430/8 | €9,713 | €0 | -€9,713 | -100% |
| Trade debts | 44 | €15,338 | €19,446 | +€4,108 | +26.8% |
| Suppliers | 440/4 | €15,338 | €19,446 | +€4,108 | +26.8% |
| Taxes, remuneration and social security | 45 | €5,592 | €2,094 | -€3,498 | -62.6% |
| Taxes | 450/3 | €2,302 | €2,094 | -€208 | -9.0% |
| Remuneration and social security | 454/9 | €3,291 | €0 | -€3,291 | -100% |
| Other amounts payable | 47/48 | €10,092 | €31,494 | +€21,402 | +212% |
| Remuneration, social security and pensions | 62 | €21,026 | €48,195 | +€27,169 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,270 | €9,584 | +€6,314 | +193% |
| Other operating charges | 640/8 | €680 | €1,115 | +€435 | +64.0% |
| Gross operating margin | 9900 | €8,701 | €86,851 | +€78,150 | +898% |
| Operating profit (loss) | 9901 | -€16,274 | €27,957 | +€44,231 | |
| Financial income | 75/76B | €2,983 | €17 | -€2,966 | -99.4% |
| Recurring financial income | 75 | €2,983 | €17 | -€2,966 | -99.4% |
| Non-recurring financial income | 76B | €2,983 | €0 | -€2,983 | -100% |
| Financial charges | 65/66B | €737 | €1,609 | +€872 | +118% |
| Recurring financial charges | 65 | €737 | €1,609 | +€872 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€14,028 | €26,364 | +€40,392 | |
| Profit (loss) for the period | 9904 | -€14,028 | €26,364 | +€40,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,028 | €26,364 | +€40,392 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.