PIC@SSO: 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@SSO
Largest movements
- Receivables within one year +€19,891
up €19,891 (+41.7%), from €47,695 to €67,586
of which Other amounts receivable: +€16,041
- Cash +€13,422
up €13,422 (+1745.3%), from €769 to €14,191
mainly Net result for the year (+€96,298) and Depreciation (+€26,917)
- Reserves +€96,298
up €96,298 (+47.9%), from €201,146 to €297,443
of which Distributable reserves: +€96,298
- Debts after one year -€65,879
down €65,879 (-18.6%), from €353,829 to €287,950
- Gross operating margin +€98,151
up €98,151 (+97.9%), from €100,264 to €198,414
- Taxes +€28,536
up €28,536 (+120.4%), from €23,709 to €52,245
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 | €649,777 | €679,449 | +€29,672 | +4.6% |
| Fixed assets | 21/28 | €597,644 | €595,328 | -€2,317 | -0.4% |
| Tangible fixed assets | 22/27 | €597,644 | €594,728 | -€2,917 | -0.5% |
| Land and buildings | 22 | €595,770 | €570,728 | -€25,042 | -4.2% |
| Furniture and vehicles | 24 | €1,875 | - | -€1,875 | |
| Assets under construction and advance payments | 27 | - | €24,000 | +€24,000 | |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €52,133 | €84,121 | +€31,988 | +61.4% |
| Amounts receivable within one year | 40/41 | €47,695 | €67,586 | +€19,891 | +41.7% |
| Trade receivables | 40 | €22,300 | €26,150 | +€3,850 | +17.3% |
| Other amounts receivable | 41 | €25,395 | €41,436 | +€16,041 | +63.2% |
| Cash at bank and in hand | 54/58 | €769 | €14,191 | +€13,422 | +1745.3% |
| Deferred charges and accrued income | 490/1 | €3,669 | €2,345 | -€1,324 | -36.1% |
| Total equity and liabilities | 10/49 | €649,777 | €679,449 | +€29,672 | +4.6% |
| Equity | 10/15 | €213,646 | €309,943 | +€96,298 | +45.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €201,146 | €297,443 | +€96,298 | +47.9% |
| Non-distributable reserves | 130/1 | €1,250 | €1,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €199,896 | €296,193 | +€96,298 | +48.2% |
| Amounts payable | 17/49 | €436,132 | €369,506 | -€66,626 | -15.3% |
| Amounts payable after more than one year | 17 | €353,829 | €287,950 | -€65,879 | -18.6% |
| Financial debts | 170/4 | €353,829 | €287,950 | -€65,879 | -18.6% |
| Amounts payable within one year | 42/48 | €81,758 | €81,556 | -€203 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €65,305 | €65,879 | +€574 | +0.9% |
| Trade debts | 44 | €2,745 | €3,181 | +€436 | +15.9% |
| Suppliers | 440/4 | €2,745 | €3,181 | +€436 | +15.9% |
| Taxes, remuneration and social security | 45 | €13,709 | €12,496 | -€1,213 | -8.8% |
| Taxes | 450/3 | €13,709 | €12,496 | -€1,213 | -8.8% |
| Accrued charges and deferred income | 492/3 | €545 | - | -€545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,654 | €26,917 | -€737 | -2.7% |
| Other operating charges | 640/8 | €16,888 | €17,232 | +€344 | +2.0% |
| Gross operating margin | 9900 | €100,264 | €198,414 | +€98,151 | +97.9% |
| Operating profit (loss) | 9901 | €55,722 | €154,266 | +€98,544 | +176.8% |
| Financial income | 75/76B | €1,036 | €1,973 | +€937 | +90.5% |
| Recurring financial income | 75 | €1,036 | €1,973 | +€937 | +90.5% |
| Non-recurring financial income | 76B | - | €1,973 | +€1,973 | |
| Financial charges | 65/66B | €6,411 | €7,696 | +€1,285 | +20.0% |
| Recurring financial charges | 65 | €6,411 | €7,696 | +€1,285 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €50,347 | €148,543 | +€98,196 | +195.0% |
| Income taxes | 67/77 | €23,709 | €52,245 | +€28,536 | +120.4% |
| Profit (loss) for the period | 9904 | €26,638 | €96,298 | +€69,659 | +261.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,638 | €96,298 | +€69,659 | +261.5% |
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 9 October 2026 via checked.be.