PIC-NIC: what changed
Two fiscal 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-NIC
Largest movements
- Cash +€39,452
up €39,452 (+152.4%), from €25,879 to €65,331
mainly Net result for the year (+€20,936) and Depreciation (+€10,963)
- Tangible fixed assets -€10,963
down €10,963 (-33.6%), from €32,643 to €21,680
of which Plant, machinery and equipment: -€5,716
- Receivables within one year +€2,670
up €2,670 (+14.7%), from €18,201 to €20,871
of which Trade receivables: +€2,138
- Reserves +€17,436
up €17,436 (+80.7%), from €21,610 to €39,046
- Trade debts +€7,661
up €7,661 (+1128.3%), from €679 to €8,340
- Other debts +€4,966
up €4,966 (+61.8%), from €8,042 to €13,008
- Debts after one year +€3,000
up €3,000 (+12.5%), from €24,000 to €27,000
- Tax, wage and social debts -€1,903
down €1,903 (-25.7%), from €7,392 to €5,489
of which Remuneration and social security: -€3,418
- Gross operating margin +€38,505
up €38,505 (+69.5%), from €55,441 to €93,946
- Staff costs +€14,168
up €14,168 (+35.6%), from €39,753 to €53,921
- Taxes +€4,566
up €4,566 (+1099.3%), from €415 to €4,981
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 | €76,724 | €107,883 | +€31,160 | +40.6% |
| Fixed assets | 21/28 | €32,643 | €21,680 | -€10,963 | -33.6% |
| Tangible fixed assets | 22/27 | €32,643 | €21,680 | -€10,963 | -33.6% |
| Land and buildings | 22 | €948 | €632 | -€316 | -33.3% |
| Plant, machinery and equipment | 23 | €18,152 | €12,436 | -€5,716 | -31.5% |
| Furniture and vehicles | 24 | €13,543 | €8,612 | -€4,931 | -36.4% |
| Current assets | 29/58 | €44,080 | €86,203 | +€42,123 | +95.6% |
| Amounts receivable within one year | 40/41 | €18,201 | €20,871 | +€2,670 | +14.7% |
| Trade receivables | 40 | €18,201 | €20,340 | +€2,138 | +11.7% |
| Other amounts receivable | 41 | - | €532 | +€532 | |
| Cash at bank and in hand | 54/58 | €25,879 | €65,331 | +€39,452 | +152.4% |
| Total equity and liabilities | 10/49 | €76,724 | €107,883 | +€31,160 | +40.6% |
| Equity | 10/15 | €36,610 | €54,046 | +€17,436 | +47.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €21,610 | €39,046 | +€17,436 | +80.7% |
| Distributable reserves | 133 | €21,610 | €39,046 | +€17,436 | +80.7% |
| Amounts payable | 17/49 | €40,113 | €53,837 | +€13,724 | +34.2% |
| Amounts payable after more than one year | 17 | €24,000 | €27,000 | +€3,000 | +12.5% |
| Other amounts payable | 178/9 | €24,000 | €27,000 | +€3,000 | +12.5% |
| Amounts payable within one year | 42/48 | €16,113 | €26,837 | +€10,724 | +66.6% |
| Trade debts | 44 | €679 | €8,340 | +€7,661 | +1128.3% |
| Suppliers | 440/4 | €679 | €8,340 | +€7,661 | +1128.3% |
| Taxes, remuneration and social security | 45 | €7,392 | €5,489 | -€1,903 | -25.7% |
| Taxes | 450/3 | €3,741 | €5,257 | +€1,515 | +40.5% |
| Remuneration and social security | 454/9 | €3,651 | €233 | -€3,418 | -93.6% |
| Other amounts payable | 47/48 | €8,042 | €13,008 | +€4,966 | +61.8% |
| Remuneration, social security and pensions | 62 | €39,753 | €53,921 | +€14,168 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,796 | €10,963 | +€167 | +1.5% |
| Other operating charges | 640/8 | €3,005 | €3,016 | +€11 | +0.4% |
| Gross operating margin | 9900 | €55,441 | €93,946 | +€38,505 | +69.5% |
| Operating profit (loss) | 9901 | €1,887 | €26,046 | +€24,159 | +1280.3% |
| Financial income | 75/76B | €2 | €9 | +€6 | +282.2% |
| Recurring financial income | 75 | €2 | €9 | +€6 | +282.2% |
| Financial charges | 65/66B | €161 | €138 | -€23 | -14.2% |
| Recurring financial charges | 65 | €161 | €138 | -€23 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €1,729 | €25,917 | +€24,188 | +1399.3% |
| Income taxes | 67/77 | €415 | €4,981 | +€4,566 | +1099.3% |
| Profit (loss) for the period | 9904 | €1,313 | €20,936 | +€19,623 | +1494.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,313 | €20,936 | +€19,623 | +1494.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.