PICAF: 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.
PICAF
Largest movements
- Tangible fixed assets -€2,752
down €2,752 (-9.2%), from €29,822 to €27,070
- Other debts -€1,887
down €1,887 (-9.7%), from €19,470 to €17,583
- Profit (loss) carried forward -€865
down €865 (-0.9%), from -€94,879 to -€95,744
- Other operating charges -€684
down €684 (-61.7%), from €1,109 to €425
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,946 | €27,194 | -€2,752 | -9.2% |
| Fixed assets | 21/28 | €29,946 | €27,194 | -€2,752 | -9.2% |
| Tangible fixed assets | 22/27 | €29,822 | €27,070 | -€2,752 | -9.2% |
| Land and buildings | 22 | €29,822 | €27,070 | -€2,752 | -9.2% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Total equity and liabilities | 10/49 | €29,946 | €27,194 | -€2,752 | -9.2% |
| Equity | 10/15 | €10,476 | €9,611 | -€865 | -8.3% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,879 | -€95,744 | -€865 | -0.9% |
| Amounts payable | 17/49 | €19,470 | €17,583 | -€1,887 | -9.7% |
| Amounts payable within one year | 42/48 | €19,470 | €17,583 | -€1,887 | -9.7% |
| Other amounts payable | 47/48 | €19,470 | €17,583 | -€1,887 | -9.7% |
| Turnover | 70 | €2,400 | €2,400 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €86 | €88 | +€2 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,751 | €2,752 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,109 | €425 | -€684 | -61.7% |
| Gross operating margin | 9900 | €2,314 | €2,312 | -€2 | -0.1% |
| Operating profit (loss) | 9901 | -€1,546 | -€865 | +€681 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,546 | -€865 | +€681 | +44.0% |
| Profit (loss) for the period | 9904 | -€1,546 | -€865 | +€681 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,546 | -€865 | +€681 | +44.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.