PICAM TRADING: 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.
PICAM TRADING
Largest movements
- Receivables within one year +€3,158
up €3,158 (+36.7%), from €8,614 to €11,771
of which Trade receivables: +€3,000
- Profit (loss) carried forward +€3,556
up €3,556 (+33.4%), from -€10,647 to -€7,091
- Other debts +€2,400
up €2,400 (+50.2%), from €4,782 to €7,182
- Tax, wage and social debts -€2,028
no longer reported in 2025 (was €2,028)
- Gross operating margin +€12,528
up €12,528, from -€5,631 to €6,897
- Taxes -€2,028
new in 2025: -€2,028
- Financial charges +€1,917
up €1,917 (+66.1%), from €2,899 to €4,815
- Other operating charges -€332
down €332 (-37.5%), from €887 to €554
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 | €44,810 | €48,356 | +€3,546 | +7.9% |
| Current assets | 29/58 | €44,810 | €48,356 | +€3,546 | +7.9% |
| Amounts receivable within one year | 40/41 | €8,614 | €11,771 | +€3,158 | +36.7% |
| Trade receivables | 40 | €1,888 | €4,888 | +€3,000 | +158.9% |
| Other amounts receivable | 41 | €6,726 | €6,883 | +€158 | +2.3% |
| Cash at bank and in hand | 54/58 | €197 | €584 | +€388 | +197.4% |
| Deferred charges and accrued income | 490/1 | €36,000 | €36,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €44,810 | €48,356 | +€3,546 | +7.9% |
| Equity | 10/15 | -€2,587 | €969 | +€3,556 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,647 | -€7,091 | +€3,556 | +33.4% |
| Amounts payable | 17/49 | €47,397 | €47,387 | -€11 | 0.0% |
| Amounts payable within one year | 42/48 | €47,397 | €47,387 | -€11 | 0.0% |
| Financial debts | 43 | €38,961 | €38,961 | = | 0.0% |
| Credit institutions | 430/8 | €38,961 | €38,961 | = | 0.0% |
| Trade debts | 44 | €1,625 | €1,243 | -€382 | -23.5% |
| Suppliers | 440/4 | €1,625 | €1,243 | -€382 | -23.5% |
| Taxes, remuneration and social security | 45 | €2,028 | - | -€2,028 | |
| Taxes | 450/3 | €2,028 | - | -€2,028 | |
| Other amounts payable | 47/48 | €4,782 | €7,182 | +€2,400 | +50.2% |
| Other operating charges | 640/8 | €887 | €554 | -€332 | -37.5% |
| Gross operating margin | 9900 | -€5,631 | €6,897 | +€12,528 | |
| Operating profit (loss) | 9901 | -€6,518 | €6,343 | +€12,860 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,899 | €4,815 | +€1,917 | +66.1% |
| Recurring financial charges | 65 | €2,899 | €4,815 | +€1,917 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,416 | €1,528 | +€10,944 | |
| Income taxes | 67/77 | - | -€2,028 | -€2,028 | |
| Profit (loss) for the period | 9904 | -€9,416 | €3,556 | +€12,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,416 | €3,556 | +€12,973 |
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 5 October 2026 via checked.be.