PICANETO: 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.
PICANETO
Largest movements
- Receivables within one year -€7,316
down €7,316 (-78.7%), from €9,294 to €1,978
- Stocks and contracts +€6,212
up €6,212 (+276.8%), from €2,244 to €8,456
- Cash -€3,017
down €3,017 (-9.1%), from €33,320 to €30,303
mainly Advances received (-€6,926) and Stocks and contracts (-€6,212)
- Tangible fixed assets +€676
new in 2025: €676
- Advances received -€6,926
no longer reported in 2025 (was €6,926)
- Other debts +€2,474
up €2,474 (+454.8%), from €544 to €3,018
- Profit (loss) carried forward +€2,467
up €2,467 (+18.4%), from €13,396 to €15,864
- Trade debts -€2,083
down €2,083 (-60.8%), from €3,424 to €1,341
- Financial charges +€755
up €755 (+492.9%), from €153 to €909
- Gross operating margin +€664
up €664 (+13.8%), from €4,813 to €5,477
- Depreciation +€149
new in 2025: €149
- Other operating charges +€81
up €81 (+4.2%), from €1,908 to €1,989
- Financial income -€77
down €77 (-67.4%), from €114 to €37
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 | €44,978 | €41,497 | -€3,482 | -7.7% |
| Fixed assets | 21/28 | €79 | €676 | +€598 | +759.0% |
| Tangible fixed assets | 22/27 | - | €676 | +€676 | |
| Furniture and vehicles | 24 | - | €676 | +€676 | |
| Financial fixed assets | 28 | €79 | - | -€79 | |
| Current assets | 29/58 | €44,900 | €40,821 | -€4,079 | -9.1% |
| Stocks and contracts in progress | 3 | €2,244 | €8,456 | +€6,212 | +276.8% |
| Stocks | 30/36 | €2,244 | €8,456 | +€6,212 | +276.8% |
| Amounts receivable within one year | 40/41 | €9,294 | €1,978 | -€7,316 | -78.7% |
| Trade receivables | 40 | €9,294 | €1,978 | -€7,316 | -78.7% |
| Cash at bank and in hand | 54/58 | €33,320 | €30,303 | -€3,017 | -9.1% |
| Deferred charges and accrued income | 490/1 | €42 | €83 | +€41 | +98.0% |
| Total equity and liabilities | 10/49 | €44,978 | €41,497 | -€3,482 | -7.7% |
| Equity | 10/15 | €33,396 | €35,864 | +€2,467 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,396 | €15,864 | +€2,467 | +18.4% |
| Amounts payable | 17/49 | €11,582 | €5,633 | -€5,949 | -51.4% |
| Amounts payable within one year | 42/48 | €11,582 | €5,296 | -€6,286 | -54.3% |
| Trade debts | 44 | €3,424 | €1,341 | -€2,083 | -60.8% |
| Suppliers | 440/4 | €3,424 | €1,341 | -€2,083 | -60.8% |
| Advances received on contracts in progress | 46 | €6,926 | - | -€6,926 | |
| Taxes, remuneration and social security | 45 | €688 | €936 | +€248 | +36.1% |
| Taxes | 450/3 | €88 | €936 | +€848 | +965.5% |
| Remuneration and social security | 454/9 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €544 | €3,018 | +€2,474 | +454.8% |
| Accrued charges and deferred income | 492/3 | - | €338 | +€338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €149 | +€149 | |
| Other operating charges | 640/8 | €1,908 | €1,989 | +€81 | +4.2% |
| Gross operating margin | 9900 | €4,813 | €5,477 | +€664 | +13.8% |
| Operating profit (loss) | 9901 | €2,905 | €3,339 | +€434 | +15.0% |
| Financial income | 75/76B | €114 | €37 | -€77 | -67.4% |
| Recurring financial income | 75 | €114 | €37 | -€77 | -67.4% |
| Financial charges | 65/66B | €153 | €909 | +€755 | +492.9% |
| Recurring financial charges | 65 | €153 | €909 | +€755 | +492.9% |
| Profit (loss) for the period before taxes | 9903 | €2,865 | €2,467 | -€398 | -13.9% |
| Profit (loss) for the period | 9904 | €2,865 | €2,467 | -€398 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,865 | €2,467 | -€398 | -13.9% |
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 11 October 2026 via checked.be.