Maison Picard: 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.
Maison Picard
Largest movements
- Tangible fixed assets -€10,436
down €10,436 (-3.7%), from €282,761 to €272,324
- Debts after one year -€21,400
down €21,400 (-25.7%), from €83,405 to €62,005
- Other debts +€18,835
up €18,835 (+5.7%), from €327,832 to €346,667
- Profit (loss) carried forward +€17,935
up €17,935 (+7.3%), from €245,195 to €263,131
- Tax, wage and social debts -€15,704
down €15,704 (-72.9%), from €21,535 to €5,831
- Gross operating margin -€133,142
down €133,142 (-69.9%), from €190,419 to €57,277
- Taxes -€16,161
down €16,161 (-68.8%), from €23,485 to €7,324
- Financial charges -€4,804
down €4,804 (-16.2%), from €29,724 to €24,920
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 | €796,151 | €793,408 | -€2,742 | -0.3% |
| Fixed assets | 21/28 | €302,761 | €292,324 | -€10,436 | -3.4% |
| Tangible fixed assets | 22/27 | €282,761 | €272,324 | -€10,436 | -3.7% |
| Land and buildings | 22 | €282,761 | €272,324 | -€10,436 | -3.7% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €493,390 | €501,084 | +€7,694 | +1.6% |
| Amounts receivable within one year | 40/41 | €166,576 | €174,516 | +€7,940 | +4.8% |
| Other amounts receivable | 41 | €166,576 | €174,516 | +€7,940 | +4.8% |
| Cash at bank and in hand | 54/58 | €291,008 | €290,702 | -€305 | -0.1% |
| Deferred charges and accrued income | 490/1 | €35,806 | €35,865 | +€59 | +0.2% |
| Total equity and liabilities | 10/49 | €796,151 | €793,408 | -€2,742 | -0.3% |
| Equity | 10/15 | €313,366 | €331,301 | +€17,935 | +5.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,195 | €263,131 | +€17,935 | +7.3% |
| Amounts payable | 17/49 | €482,785 | €462,107 | -€20,678 | -4.3% |
| Amounts payable after more than one year | 17 | €83,405 | €62,005 | -€21,400 | -25.7% |
| Financial debts | 170/4 | €83,405 | €62,005 | -€21,400 | -25.7% |
| Amounts payable within one year | 42/48 | €370,769 | €376,067 | +€5,298 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €21,152 | €21,400 | +€248 | +1.2% |
| Trade debts | 44 | €250 | €2,169 | +€1,920 | +768.6% |
| Suppliers | 440/4 | €250 | €2,169 | +€1,920 | +768.6% |
| Taxes, remuneration and social security | 45 | €21,535 | €5,831 | -€15,704 | -72.9% |
| Taxes | 450/3 | €21,535 | €5,831 | -€15,704 | -72.9% |
| Other amounts payable | 47/48 | €327,832 | €346,667 | +€18,835 | +5.7% |
| Accrued charges and deferred income | 492/3 | €28,611 | €24,035 | -€4,575 | -16.0% |
| Non-recurring operating income | 76A | €143,718 | - | -€143,718 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,962 | €10,436 | +€1,474 | +16.5% |
| Other operating charges | 640/8 | €5,309 | €5,242 | -€66 | -1.3% |
| Gross operating margin | 9900 | €190,419 | €57,277 | -€133,142 | -69.9% |
| Operating profit (loss) | 9901 | €176,148 | €41,598 | -€134,550 | -76.4% |
| Financial income | 75/76B | €9,534 | €8,581 | -€953 | -10.0% |
| Recurring financial income | 75 | €9,534 | €8,581 | -€953 | -10.0% |
| Financial charges | 65/66B | €29,724 | €24,920 | -€4,804 | -16.2% |
| Recurring financial charges | 65 | €29,724 | €24,920 | -€4,804 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €155,958 | €25,259 | -€130,699 | -83.8% |
| Income taxes | 67/77 | €23,485 | €7,324 | -€16,161 | -68.8% |
| Profit (loss) for the period | 9904 | €132,473 | €17,935 | -€114,538 | -86.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,473 | €17,935 | -€114,538 | -86.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.