PICADERO: 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.
PICADERO
Largest movements
- Receivables within one year +€2,910
up €2,910 (+224%), from €1,298 to €4,208
of which Trade receivables: +€1,846
- Tangible fixed assets -€2,483
down €2,483 (-20.3%), from €12,257 to €9,775
- Cash -€1,694
down €1,694 (-94.1%), from €1,801 to €107
mainly Net result for the year (-€6,989) and Receivables within one year (-€2,910)
- Profit (loss) carried forward -€6,989
down €6,989 (-103%), from -€6,759 to -€13,747
- Other debts +€5,145
up €5,145 (+246%), from €2,094 to €7,238
- Trade debts +€559
up €559 (+35.8%), from €1,561 to €2,120
- Gross operating margin -€6,634
down €6,634, from €2,634 to -€4,000
- Depreciation +€2,327
up €2,327 (+1,491%), from €156 to €2,483
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 | €15,488 | €14,221 | -€1,267 | -8.2% |
| Fixed assets | 21/28 | €12,257 | €9,775 | -€2,483 | -20.3% |
| Tangible fixed assets | 22/27 | €12,257 | €9,775 | -€2,483 | -20.3% |
| Furniture and vehicles | 24 | €12,257 | €9,775 | -€2,483 | -20.3% |
| Current assets | 29/58 | €3,231 | €4,446 | +€1,216 | +37.6% |
| Amounts receivable within one year | 40/41 | €1,298 | €4,208 | +€2,910 | +224% |
| Trade receivables | 40 | €1,178 | €3,024 | +€1,846 | +157% |
| Other amounts receivable | 41 | €120 | €1,184 | +€1,064 | +888% |
| Cash at bank and in hand | 54/58 | €1,801 | €107 | -€1,694 | -94.1% |
| Deferred charges and accrued income | 490/1 | €132 | €132 | = | 0.0% |
| Total equity and liabilities | 10/49 | €15,488 | €14,221 | -€1,267 | -8.2% |
| Equity | 10/15 | €11,833 | €4,845 | -€6,989 | -59.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,759 | -€13,747 | -€6,989 | -103% |
| Amounts payable | 17/49 | €3,655 | €9,376 | +€5,722 | +157% |
| Amounts payable within one year | 42/48 | €3,655 | €9,376 | +€5,722 | +157% |
| Trade debts | 44 | €1,561 | €2,120 | +€559 | +35.8% |
| Suppliers | 440/4 | €1,561 | €2,120 | +€559 | +35.8% |
| Taxes, remuneration and social security | 45 | - | €18 | +€18 | |
| Taxes | 450/3 | - | €18 | +€18 | |
| Other amounts payable | 47/48 | €2,094 | €7,238 | +€5,145 | +246% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €2,483 | +€2,327 | +1,491% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,634 | -€4,000 | -€6,634 | |
| Operating profit (loss) | 9901 | €2,090 | -€6,883 | -€8,973 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €106 | €106 | +€0 | +0.1% |
| Recurring financial charges | 65 | €106 | €106 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €1,995 | -€6,989 | -€8,983 | |
| Profit (loss) for the period | 9904 | €1,995 | -€6,989 | -€8,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,995 | -€6,989 | -€8,983 |
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 22 October 2026 via checked.be.