PICANTE: 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.
PICANTE
Largest movements
- Tangible fixed assets +€6,684
new in 2025: €6,684
of which Furniture and vehicles: +€5,204
- Receivables within one year -€6,241
down €6,241 (-7.5%), from €83,304 to €77,063
of which Trade receivables: -€11,849
- Cash -€2,642
down €2,642 (-24.7%), from €10,711 to €8,069
mainly Other debts (-€8,619) and Investment in fixed assets (net) (-€7,656)
- Other debts -€8,619
down €8,619 (-80.8%), from €10,668 to €2,049
- Tax, wage and social debts -€4,603
down €4,603 (-45.0%), from €10,219 to €5,615
- Debts after one year +€3,711
up €3,711 (+12.4%), from €30,000 to €33,711
- Short-term financial debts +€3,524
new in 2025: €3,524
- Trade debts +€2,183
up €2,183 (+190%), from €1,149 to €3,332
- Gross operating margin -€15,989
down €15,989 (-76.9%), from €20,797 to €4,808
- Taxes -€3,025
down €3,025 (-67.0%), from €4,517 to €1,492
- Depreciation +€971
up €971 (+173%), from €562 to €1,533
- Other operating charges +€663
up €663 (+312%), from €213 to €876
- Financial charges -€337
down €337 (-33.6%), from €1,005 to €668
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 | €106,443 | €103,772 | -€2,671 | -2.5% |
| Formation expenses | 20 | €960 | €398 | -€561 | -58.5% |
| Fixed assets | 21/28 | €10,000 | €16,684 | +€6,684 | +66.8% |
| Tangible fixed assets | 22/27 | - | €6,684 | +€6,684 | |
| Plant, machinery and equipment | 23 | - | €1,480 | +€1,480 | |
| Furniture and vehicles | 24 | - | €5,204 | +€5,204 | |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €95,484 | €86,690 | -€8,794 | -9.2% |
| Amounts receivable within one year | 40/41 | €83,304 | €77,063 | -€6,241 | -7.5% |
| Trade receivables | 40 | €27,804 | €15,955 | -€11,849 | -42.6% |
| Other amounts receivable | 41 | €55,500 | €61,108 | +€5,608 | +10.1% |
| Cash at bank and in hand | 54/58 | €10,711 | €8,069 | -€2,642 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,558 | +€89 | +6.0% |
| Total equity and liabilities | 10/49 | €106,443 | €103,772 | -€2,671 | -2.5% |
| Equity | 10/15 | €54,320 | €54,560 | +€240 | +0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €49,320 | €49,560 | +€240 | +0.5% |
| Distributable reserves | 133 | €49,320 | €49,560 | +€240 | +0.5% |
| Amounts payable | 17/49 | €52,123 | €49,212 | -€2,911 | -5.6% |
| Amounts payable after more than one year | 17 | €30,000 | €33,711 | +€3,711 | +12.4% |
| Financial debts | 170/4 | €30,000 | €33,711 | +€3,711 | +12.4% |
| Amounts payable within one year | 42/48 | €22,036 | €15,414 | -€6,622 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | - | €894 | +€894 | |
| Financial debts | 43 | - | €3,524 | +€3,524 | |
| Credit institutions | 430/8 | - | €3,524 | +€3,524 | |
| Trade debts | 44 | €1,149 | €3,332 | +€2,183 | +190% |
| Suppliers | 440/4 | €1,149 | €3,332 | +€2,183 | +190% |
| Taxes, remuneration and social security | 45 | €10,219 | €5,615 | -€4,603 | -45.0% |
| Taxes | 450/3 | €10,219 | €5,615 | -€4,603 | -45.0% |
| Other amounts payable | 47/48 | €10,668 | €2,049 | -€8,619 | -80.8% |
| Accrued charges and deferred income | 492/3 | €88 | €88 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €1,533 | +€971 | +173% |
| Other operating charges | 640/8 | €213 | €876 | +€663 | +312% |
| Gross operating margin | 9900 | €20,797 | €4,808 | -€15,989 | -76.9% |
| Operating profit (loss) | 9901 | €20,023 | €2,399 | -€17,624 | -88.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +8,600% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +8,600% |
| Financial charges | 65/66B | €1,005 | €668 | -€337 | -33.6% |
| Recurring financial charges | 65 | €1,005 | €668 | -€337 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €19,018 | €1,732 | -€17,286 | -90.9% |
| Income taxes | 67/77 | €4,517 | €1,492 | -€3,025 | -67.0% |
| Profit (loss) for the period | 9904 | €14,500 | €240 | -€14,261 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,500 | €240 | -€14,261 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.