PIC INNOVATIONS: 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.
PIC INNOVATIONS
Largest movements
- Cash -€201,601
down €201,601 (-99.2%), from €203,144 to €1,543
mainly Contributions, distributions and other (-€480,377) and Current investments (-€88,985)
- Current investments +€88,985
up €88,985 (+175%), from €50,749 to €139,734
- Receivables after one year +€25,339
up €25,339 (+6.3%), from €404,714 to €430,053
- Deferred charges and accrued income -€25,304
down €25,304 (-95.4%), from €26,524 to €1,219
- Tangible fixed assets -€12,189
down €12,189 (-44.6%), from €27,303 to €15,114
- Reserves -€419,559
down €419,559 (-86.1%), from €487,451 to €67,893
- Other debts +€236,148
up €236,148 (+118%), from €200,000 to €436,148
- Tax, wage and social debts +€60,890
up €60,890 (+453%), from €13,452 to €74,342
of which Taxes: +€60,684
- Gross operating margin -€27,049
down €27,049 (-19.0%), from €142,083 to €115,034
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 | €719,187 | €595,031 | -€124,156 | -17.3% |
| Fixed assets | 21/28 | €27,303 | €15,114 | -€12,189 | -44.6% |
| Tangible fixed assets | 22/27 | €27,303 | €15,114 | -€12,189 | -44.6% |
| Furniture and vehicles | 24 | €27,303 | €15,114 | -€12,189 | -44.6% |
| Current assets | 29/58 | €691,883 | €579,917 | -€111,966 | -16.2% |
| Amounts receivable after more than one year | 29 | €404,714 | €430,053 | +€25,339 | +6.3% |
| Other amounts receivable | 291 | €404,714 | €430,053 | +€25,339 | +6.3% |
| Amounts receivable within one year | 40/41 | €6,753 | €7,368 | +€615 | +9.1% |
| Trade receivables | 40 | - | €4,242 | +€4,242 | |
| Other amounts receivable | 41 | €6,753 | €3,125 | -€3,627 | -53.7% |
| Current investments | 50/53 | €50,749 | €139,734 | +€88,985 | +175% |
| Cash at bank and in hand | 54/58 | €203,144 | €1,543 | -€201,601 | -99.2% |
| Deferred charges and accrued income | 490/1 | €26,524 | €1,219 | -€25,304 | -95.4% |
| Total equity and liabilities | 10/49 | €719,187 | €595,031 | -€124,156 | -17.3% |
| Equity | 10/15 | €502,451 | €82,893 | -€419,559 | -83.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €487,451 | €67,893 | -€419,559 | -86.1% |
| Distributable reserves | 133 | €487,451 | €67,893 | -€419,559 | -86.1% |
| Amounts payable | 17/49 | €216,735 | €512,139 | +€295,403 | +136% |
| Amounts payable within one year | 42/48 | €216,735 | €512,139 | +€295,403 | +136% |
| Trade debts | 44 | €3,283 | €1,649 | -€1,634 | -49.8% |
| Suppliers | 440/4 | €3,283 | €1,649 | -€1,634 | -49.8% |
| Taxes, remuneration and social security | 45 | €13,452 | €74,342 | +€60,890 | +453% |
| Taxes | 450/3 | €8,401 | €69,085 | +€60,684 | +722% |
| Remuneration and social security | 454/9 | €5,051 | €5,257 | +€206 | +4.1% |
| Other amounts payable | 47/48 | €200,000 | €436,148 | +€236,148 | +118% |
| Remuneration, social security and pensions | 62 | €39,813 | €38,800 | -€1,013 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,352 | €13,363 | -€989 | -6.9% |
| Other operating charges | 640/8 | €304 | €317 | +€13 | +4.3% |
| Gross operating margin | 9900 | €142,083 | €115,034 | -€27,049 | -19.0% |
| Operating profit (loss) | 9901 | €87,614 | €62,554 | -€25,060 | -28.6% |
| Financial income | 75/76B | €21,531 | €21,978 | +€447 | +2.1% |
| Recurring financial income | 75 | €21,531 | €21,978 | +€447 | +2.1% |
| Financial charges | 65/66B | €760 | -€394 | -€1,155 | |
| Recurring financial charges | 65 | €760 | -€394 | -€1,155 | |
| Profit (loss) for the period before taxes | 9903 | €108,385 | €84,927 | -€23,458 | -21.6% |
| Income taxes | 67/77 | €23,921 | €24,108 | +€186 | +0.8% |
| Profit (loss) for the period | 9904 | €84,463 | €60,819 | -€23,645 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,463 | €60,819 | -€23,645 | -28.0% |
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 20 October 2026 via checked.be.