Maison Pickery: 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 Pickery
Largest movements
- Stocks and contracts +€101,478
up €101,478 (+17.6%), from €575,587 to €677,065
- Deferred charges and accrued income -€24,614
down €24,614 (-85.6%), from €28,750 to €4,136
- Tangible fixed assets +€24,447
up €24,447 (+6.9%), from €351,898 to €376,345
of which Plant, machinery and equipment: +€30,299
- Receivables within one year +€18,457
up €18,457 (+39.7%), from €46,537 to €64,994
of which Other amounts receivable: +€19,306
- Intangible fixed assets -€15,010
down €15,010 (-48.0%), from €31,271 to €16,260
- Reserves +€148,201
up €148,201 (+30.9%), from €478,859 to €627,060
of which Distributable reserves: +€148,201
- Other debts -€69,166
down €69,166 (-23.6%), from €293,058 to €223,891
- Debts after one year -€55,760
down €55,760 (-33.4%), from €167,178 to €111,417
- Trade debts +€36,493
up €36,493 (+206%), from €17,680 to €54,173
- Short-term financial debts +€29,439
up €29,439, from €0 to €29,439
- Gross operating margin +€192,030
up €192,030 (+78.8%), from €243,663 to €435,693
- Staff costs +€90,965
up €90,965 (+128%), from €71,206 to €162,172
- Taxes +€24,543
up €24,543 (+118%), from €20,859 to €45,402
- Depreciation +€17,810
up €17,810 (+51.2%), from €34,817 to €52,627
- Financial charges +€6,937
up €6,937 (+30.2%), from €22,991 to €29,928
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 | €1,132,792 | €1,224,452 | +€91,661 | +8.1% |
| Fixed assets | 21/28 | €383,169 | €392,605 | +€9,437 | +2.5% |
| Intangible fixed assets | 21 | €31,271 | €16,260 | -€15,010 | -48.0% |
| Tangible fixed assets | 22/27 | €351,898 | €376,345 | +€24,447 | +6.9% |
| Land and buildings | 22 | €204,328 | €196,305 | -€8,023 | -3.9% |
| Plant, machinery and equipment | 23 | €117,441 | €147,739 | +€30,299 | +25.8% |
| Furniture and vehicles | 24 | €30,129 | €32,300 | +€2,171 | +7.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €749,623 | €831,847 | +€82,224 | +11.0% |
| Stocks and contracts in progress | 3 | €575,587 | €677,065 | +€101,478 | +17.6% |
| Stocks | 30/36 | €575,587 | €677,065 | +€101,478 | +17.6% |
| Amounts receivable within one year | 40/41 | €46,537 | €64,994 | +€18,457 | +39.7% |
| Trade receivables | 40 | €848 | €0 | -€848 | -100% |
| Other amounts receivable | 41 | €45,688 | €64,994 | +€19,306 | +42.3% |
| Cash at bank and in hand | 54/58 | €98,750 | €85,652 | -€13,098 | -13.3% |
| Deferred charges and accrued income | 490/1 | €28,750 | €4,136 | -€24,614 | -85.6% |
| Total equity and liabilities | 10/49 | €1,132,792 | €1,224,452 | +€91,661 | +8.1% |
| Equity | 10/15 | €497,409 | €645,610 | +€148,201 | +29.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €478,859 | €627,060 | +€148,201 | +30.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €478,859 | €627,060 | +€148,201 | +30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €635,383 | €578,843 | -€56,540 | -8.9% |
| Amounts payable after more than one year | 17 | €167,178 | €111,417 | -€55,760 | -33.4% |
| Financial debts | 170/4 | €167,178 | €111,417 | -€55,760 | -33.4% |
| Amounts payable within one year | 42/48 | €462,464 | €465,455 | +€2,991 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €91,913 | €80,970 | -€10,943 | -11.9% |
| Financial debts | 43 | €0 | €29,439 | +€29,439 | |
| Credit institutions | 430/8 | €0 | €29,439 | +€29,439 | |
| Trade debts | 44 | €17,680 | €54,173 | +€36,493 | +206% |
| Suppliers | 440/4 | €17,680 | €54,173 | +€36,493 | +206% |
| Taxes, remuneration and social security | 45 | €59,813 | €76,983 | +€17,169 | +28.7% |
| Taxes | 450/3 | €56,088 | €65,004 | +€8,916 | +15.9% |
| Remuneration and social security | 454/9 | €3,725 | €11,979 | +€8,254 | +222% |
| Other amounts payable | 47/48 | €293,058 | €223,891 | -€69,166 | -23.6% |
| Accrued charges and deferred income | 492/3 | €5,741 | €1,970 | -€3,771 | -65.7% |
| Remuneration, social security and pensions | 62 | €71,206 | €162,172 | +€90,965 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,817 | €52,627 | +€17,810 | +51.2% |
| Other operating charges | 640/8 | €6,776 | €2,926 | -€3,851 | -56.8% |
| Non-recurring operating charges | 66A | €2,900 | €0 | -€2,900 | -100% |
| Gross operating margin | 9900 | €243,663 | €435,693 | +€192,030 | +78.8% |
| Operating profit (loss) | 9901 | €127,964 | €217,969 | +€90,005 | +70.3% |
| Financial income | 75/76B | €2,427 | €5,562 | +€3,135 | +129% |
| Recurring financial income | 75 | €2,427 | €3,762 | +€1,335 | +55.0% |
| Non-recurring financial income | 76B | - | €1,800 | +€1,800 | |
| Financial charges | 65/66B | €22,991 | €29,928 | +€6,937 | +30.2% |
| Recurring financial charges | 65 | €22,991 | €29,928 | +€6,937 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €107,400 | €193,603 | +€86,203 | +80.3% |
| Income taxes | 67/77 | €20,859 | €45,402 | +€24,543 | +118% |
| Profit (loss) for the period | 9904 | €86,541 | €148,201 | +€61,660 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,541 | €148,201 | +€61,660 | +71.2% |
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 15 October 2026 via checked.be.