il Picchio: 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.
il Picchio
Largest movements
- Receivables within one year +€26,099
up €26,099 (+156%), from €16,757 to €42,855
- Tangible fixed assets -€3,171
down €3,171 (-19.9%), from €15,922 to €12,751
of which Plant, machinery and equipment: -€2,521
- Stocks and contracts +€2,696
up €2,696 (+55.9%), from €4,826 to €7,522
- Cash -€2,020
down €2,020 (-17.5%), from €11,567 to €9,547
mainly Receivables within one year (-€26,099) and Stocks and contracts (-€2,696)
- Tax, wage and social debts +€10,692
up €10,692 (+98.1%), from €10,896 to €21,589
of which Taxes: +€7,745
- Reserves +€8,524
new in 2025: €8,524
- Trade debts +€3,998
up €3,998 (+15.2%), from €26,325 to €30,323
- Staff costs +€41,382
up €41,382 (+186%), from €22,199 to €63,581
- Gross operating margin +€38,730
up €38,730 (+95.8%), from €40,435 to €79,165
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 | €49,462 | €72,676 | +€23,214 | +46.9% |
| Fixed assets | 21/28 | €15,922 | €12,751 | -€3,171 | -19.9% |
| Tangible fixed assets | 22/27 | €15,922 | €12,751 | -€3,171 | -19.9% |
| Plant, machinery and equipment | 23 | €10,019 | €7,498 | -€2,521 | -25.2% |
| Other tangible fixed assets | 26 | €5,903 | €5,253 | -€650 | -11.0% |
| Current assets | 29/58 | €33,539 | €59,924 | +€26,385 | +78.7% |
| Stocks and contracts in progress | 3 | €4,826 | €7,522 | +€2,696 | +55.9% |
| Stocks | 30/36 | €4,826 | €7,522 | +€2,696 | +55.9% |
| Amounts receivable within one year | 40/41 | €16,757 | €42,855 | +€26,099 | +156% |
| Other amounts receivable | 41 | €16,757 | €42,855 | +€26,099 | +156% |
| Cash at bank and in hand | 54/58 | €11,567 | €9,547 | -€2,020 | -17.5% |
| Deferred charges and accrued income | 490/1 | €389 | - | -€389 | |
| Total equity and liabilities | 10/49 | €49,462 | €72,676 | +€23,214 | +46.9% |
| Equity | 10/15 | €12,240 | €20,764 | +€8,524 | +69.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €8,524 | +€8,524 | |
| Distributable reserves | 133 | - | €8,524 | +€8,524 | |
| Profit (loss) carried forward | 14 | €11,240 | €11,240 | = | 0.0% |
| Amounts payable | 17/49 | €37,221 | €51,912 | +€14,690 | +39.5% |
| Amounts payable within one year | 42/48 | €37,221 | €51,912 | +€14,690 | +39.5% |
| Trade debts | 44 | €26,325 | €30,323 | +€3,998 | +15.2% |
| Suppliers | 440/4 | €26,325 | €30,323 | +€3,998 | +15.2% |
| Taxes, remuneration and social security | 45 | €10,896 | €21,589 | +€10,692 | +98.1% |
| Taxes | 450/3 | €7,958 | €15,703 | +€7,745 | +97.3% |
| Remuneration and social security | 454/9 | €2,939 | €5,886 | +€2,947 | +100% |
| Remuneration, social security and pensions | 62 | €22,199 | €63,581 | +€41,382 | +186% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,182 | €3,171 | -€11 | -0.4% |
| Gross operating margin | 9900 | €40,435 | €79,165 | +€38,730 | +95.8% |
| Operating profit (loss) | 9901 | €15,054 | €12,414 | -€2,641 | -17.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,354 | €1,625 | +€271 | +20.0% |
| Recurring financial charges | 65 | €1,354 | €1,625 | +€271 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €13,701 | €10,789 | -€2,912 | -21.3% |
| Income taxes | 67/77 | €2,461 | €2,265 | -€196 | -8.0% |
| Profit (loss) for the period | 9904 | €11,240 | €8,524 | -€2,716 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,240 | €8,524 | -€2,716 | -24.2% |
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 13 October 2026 via checked.be.