PIC-VERT: 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-VERT
Largest movements
- Current investments +€314,638
up €314,638 (+19.7%), from €1.6m to €1.9m
- Cash -€303,364
down €303,364 (-91.6%), from €331,201 to €27,837
mainly Debts after one year (-€640,000) and Current investments (-€314,638)
- Reserves +€653,911
up €653,911 (+15.2%), from €4.3m to €5.0m
of which Distributable reserves: +€653,911
- Debts after one year -€640,000
down €640,000 (-11.6%), from €5.5m to €4.9m
- Financial income +€36,901
up €36,901 (+5.3%), from €700,699 to €737,600
- Taxes -€3,568
down €3,568 (-4.5%), from €79,194 to €75,626
- Financial charges -€2,736
down €2,736 (-33.2%), from €8,254 to €5,517
- Gross operating margin -€299
down €299 (-28.6%), from -€1,044 to -€1,343
- Other operating charges +€33
up €33 (+2.8%), from €1,171 to €1,203
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 | €12,113,705 | €12,124,898 | +€11,194 | +0.1% |
| Fixed assets | 21/28 | €10,185,000 | €10,185,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,185,000 | €10,185,000 | = | 0.0% |
| Current assets | 29/58 | €1,928,705 | €1,939,898 | +€11,194 | +0.6% |
| Amounts receivable within one year | 40/41 | €22 | - | -€22 | |
| Trade receivables | 40 | €22 | - | -€22 | |
| Current investments | 50/53 | €1,597,245 | €1,911,883 | +€314,638 | +19.7% |
| Cash at bank and in hand | 54/58 | €331,201 | €27,837 | -€303,364 | -91.6% |
| Deferred charges and accrued income | 490/1 | €237 | €178 | -€59 | -25.0% |
| Total equity and liabilities | 10/49 | €12,113,705 | €12,124,898 | +€11,194 | +0.1% |
| Equity | 10/15 | €6,504,154 | €7,158,065 | +€653,911 | +10.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,300,604 | €4,954,515 | +€653,911 | +15.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,294,404 | €4,948,315 | +€653,911 | +15.2% |
| Profit (loss) carried forward | 14 | €2,141,550 | €2,141,550 | = | 0.0% |
| Amounts payable | 17/49 | €5,609,551 | €4,966,833 | -€642,717 | -11.5% |
| Amounts payable after more than one year | 17 | €5,539,578 | €4,899,578 | -€640,000 | -11.6% |
| Other amounts payable | 178/9 | €5,539,578 | €4,899,578 | -€640,000 | -11.6% |
| Amounts payable within one year | 42/48 | €69,973 | €67,256 | -€2,717 | -3.9% |
| Taxes, remuneration and social security | 45 | €69,973 | €67,256 | -€2,717 | -3.9% |
| Taxes | 450/3 | €69,973 | €67,256 | -€2,717 | -3.9% |
| Other operating charges | 640/8 | €1,171 | €1,203 | +€33 | +2.8% |
| Gross operating margin | 9900 | -€1,044 | -€1,343 | -€299 | -28.6% |
| Operating profit (loss) | 9901 | -€2,214 | -€2,546 | -€332 | -15.0% |
| Financial income | 75/76B | €700,699 | €737,600 | +€36,901 | +5.3% |
| Recurring financial income | 75 | €700,699 | €737,600 | +€36,901 | +5.3% |
| Financial charges | 65/66B | €8,254 | €5,517 | -€2,736 | -33.2% |
| Recurring financial charges | 65 | €8,254 | €5,517 | -€2,736 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €690,231 | €729,537 | +€39,306 | +5.7% |
| Income taxes | 67/77 | €79,194 | €75,626 | -€3,568 | -4.5% |
| Profit (loss) for the period | 9904 | €611,037 | €653,911 | +€42,874 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €611,037 | €653,911 | +€42,874 | +7.0% |
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.