PIC SOUND: 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 SOUND
Largest movements
- Tangible fixed assets -€28,252
down €28,252 (-4.8%), from €585,551 to €557,299
- Cash +€6,421
up €6,421 (+22.5%), from €28,477 to €34,898
mainly Depreciation (+€28,252) and Receivables within one year (+€996)
- Reserves -€13,338
down €13,338 (-7.3%), from €181,795 to €168,457
of which Tax-exempt reserves: -€13,338
- Gross operating margin -€13,743
down €13,743 (-53.1%), from €25,858 to €12,115
- Depreciation -€1,018
down €1,018 (-3.5%), from €29,270 to €28,252
- Write-downs -€520
no longer reported in 2025 (was €520)
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 | €621,163 | €597,957 | -€23,206 | -3.7% |
| Fixed assets | 21/28 | €585,551 | €557,299 | -€28,252 | -4.8% |
| Tangible fixed assets | 22/27 | €585,551 | €557,299 | -€28,252 | -4.8% |
| Land and buildings | 22 | €225,324 | €219,089 | -€6,235 | -2.8% |
| Plant, machinery and equipment | 23 | €112,212 | €103,402 | -€8,810 | -7.9% |
| Furniture and vehicles | 24 | €13,453 | €7,425 | -€6,027 | -44.8% |
| Other tangible fixed assets | 26 | €234,562 | €227,382 | -€7,180 | -3.1% |
| Current assets | 29/58 | €35,612 | €40,658 | +€5,046 | +14.2% |
| Amounts receivable within one year | 40/41 | €4,809 | €3,814 | -€996 | -20.7% |
| Trade receivables | 40 | €4,809 | €3,441 | -€1,369 | -28.5% |
| Other amounts receivable | 41 | - | €373 | +€373 | |
| Cash at bank and in hand | 54/58 | €28,477 | €34,898 | +€6,421 | +22.5% |
| Deferred charges and accrued income | 490/1 | €2,325 | €1,947 | -€379 | -16.3% |
| Total equity and liabilities | 10/49 | €621,163 | €597,957 | -€23,206 | -3.7% |
| Equity | 10/15 | €141,988 | €123,325 | -€18,663 | -13.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €181,795 | €168,457 | -€13,338 | -7.3% |
| Tax-exempt reserves | 132 | €179,895 | €166,557 | -€13,338 | -7.4% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,808 | -€64,132 | -€5,325 | -9.1% |
| Provisions and deferred taxes | 16 | €66,018 | €62,683 | -€3,335 | -5.1% |
| Deferred taxes | 168 | €66,018 | €62,683 | -€3,335 | -5.1% |
| Amounts payable | 17/49 | €413,157 | €411,949 | -€1,208 | -0.3% |
| Amounts payable after more than one year | 17 | €35,800 | €35,800 | = | 0.0% |
| Financial debts | 170/4 | €35,800 | €35,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €374,918 | €373,669 | -€1,249 | -0.3% |
| Trade debts | 44 | €1,451 | €829 | -€622 | -42.9% |
| Suppliers | 440/4 | €1,451 | €829 | -€622 | -42.9% |
| Taxes, remuneration and social security | 45 | €907 | €158 | -€749 | -82.6% |
| Taxes | 450/3 | €907 | €158 | -€749 | -82.6% |
| Other amounts payable | 47/48 | €372,561 | €372,683 | +€122 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,439 | €2,479 | +€41 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,270 | €28,252 | -€1,018 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €520 | - | -€520 | |
| Other operating charges | 640/8 | €5,040 | €5,214 | +€173 | +3.4% |
| Gross operating margin | 9900 | €25,858 | €12,115 | -€13,743 | -53.1% |
| Operating profit (loss) | 9901 | -€8,973 | -€21,351 | -€12,378 | -138% |
| Financial charges | 65/66B | €511 | €505 | -€6 | -1.2% |
| Recurring financial charges | 65 | €511 | €505 | -€6 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,484 | -€21,856 | -€12,372 | -130% |
| Transfer from deferred taxes | 780 | €3,463 | €3,335 | -€129 | -3.7% |
| Income taxes | 67/77 | €134 | €142 | +€8 | +5.7% |
| Profit (loss) for the period | 9904 | -€6,155 | -€18,663 | -€12,508 | -203% |
| Transfer from tax-exempt reserves | 789 | €13,853 | €13,338 | -€514 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,698 | -€5,325 | -€13,023 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.