PICALOU: 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.
PICALOU
Largest movements
- Cash -€154,033
down €154,033 (-90.9%), from €169,483 to €15,450
mainly Contributions, distributions and other (-€337,060) and Deferred charges and accrued income (-€32,930)
- Deferred charges and accrued income +€32,930
up €32,930 (+2250.0%), from €1,464 to €34,394
- Tangible fixed assets -€11,664
down €11,664 (-46.5%), from €25,065 to €13,401
of which Furniture and vehicles: -€11,564
- Receivables within one year -€2,756
down €2,756 (-97.1%), from €2,838 to €82
- Profit (loss) carried forward -€206,798
down €206,798 (-91.9%), from €225,138 to €18,340
- Other debts +€86,189
up €86,189 (+7322.0%), from €1,177 to €87,366
- Tax, wage and social debts -€14,118
down €14,118 (-100.0%), from €14,118 to €0
- Gross operating margin +€8,183
up €8,183 (+4.8%), from €170,905 to €179,088
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 | €248,849 | €113,327 | -€135,522 | -54.5% |
| Fixed assets | 21/28 | €25,065 | €13,401 | -€11,664 | -46.5% |
| Tangible fixed assets | 22/27 | €25,065 | €13,401 | -€11,664 | -46.5% |
| Land and buildings | 22 | €650 | €549 | -€100 | -15.5% |
| Furniture and vehicles | 24 | €24,415 | €12,852 | -€11,564 | -47.4% |
| Current assets | 29/58 | €223,784 | €99,926 | -€123,858 | -55.3% |
| Amounts receivable within one year | 40/41 | €2,838 | €82 | -€2,756 | -97.1% |
| Other amounts receivable | 41 | €2,838 | €82 | -€2,756 | -97.1% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €169,483 | €15,450 | -€154,033 | -90.9% |
| Deferred charges and accrued income | 490/1 | €1,464 | €34,394 | +€32,930 | +2250.0% |
| Total equity and liabilities | 10/49 | €248,849 | €113,327 | -€135,522 | -54.5% |
| Equity | 10/15 | €230,138 | €23,340 | -€206,798 | -89.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €225,138 | €18,340 | -€206,798 | -91.9% |
| Amounts payable | 17/49 | €18,711 | €89,987 | +€71,276 | +380.9% |
| Amounts payable within one year | 42/48 | €18,711 | €89,595 | +€70,884 | +378.8% |
| Trade debts | 44 | €3,417 | €2,229 | -€1,188 | -34.8% |
| Suppliers | 440/4 | €3,417 | €2,229 | -€1,188 | -34.8% |
| Taxes, remuneration and social security | 45 | €14,118 | €0 | -€14,118 | -100.0% |
| Taxes | 450/3 | €14,118 | €0 | -€14,118 | -100.0% |
| Other amounts payable | 47/48 | €1,177 | €87,366 | +€86,189 | +7322.0% |
| Accrued charges and deferred income | 492/3 | - | €392 | +€392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,555 | €11,664 | +€109 | +0.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €170,905 | €179,088 | +€8,183 | +4.8% |
| Operating profit (loss) | 9901 | €158,962 | €167,024 | +€8,062 | +5.1% |
| Financial income | 75/76B | €1,190 | €1,244 | +€54 | +4.5% |
| Recurring financial income | 75 | €1,190 | €1,244 | +€54 | +4.5% |
| Financial charges | 65/66B | €221 | €217 | -€4 | -1.7% |
| Recurring financial charges | 65 | €221 | €217 | -€4 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €159,932 | €168,051 | +€8,119 | +5.1% |
| Income taxes | 67/77 | €36,191 | €37,789 | +€1,598 | +4.4% |
| Profit (loss) for the period | 9904 | €123,740 | €130,262 | +€6,522 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €123,740 | €130,262 | +€6,522 | +5.3% |
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 1 October 2026 via checked.be.