PICARD-DETHISE: 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.
PICARD-DETHISE
Largest movements
- Tangible fixed assets -€12,627
down €12,627 (-33.5%), from €37,673 to €25,046
- Cash +€2,479
up €2,479 (+509%), from €487 to €2,966
mainly Investment in fixed assets (net) (+€6,329) and Depreciation (+€6,298)
- Receivables within one year -€871
down €871 (-28.4%), from €3,072 to €2,201
of which Other amounts receivable: -€871
- Profit (loss) carried forward -€9,998
down €9,998 (-44.7%), from -€22,367 to -€32,365
- Other debts +€5,459
up €5,459 (+18.1%), from €30,239 to €35,699
- Trade debts -€3,683
down €3,683 (-51.4%), from €7,165 to €3,481
- Current portion of long-term debt -€2,797
down €2,797 (-100%), from €2,797 to €0
- Depreciation +€2,716
up €2,716 (+75.8%), from €3,583 to €6,298
- Gross operating margin -€1,423
down €1,423 (-77.1%), from -€1,846 to -€3,269
- Other operating charges -€492
down €492 (-88.2%), from €557 to €66
- Financial charges -€182
down €182 (-33.3%), from €547 to €365
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 | €41,982 | €30,963 | -€11,019 | -26.2% |
| Fixed assets | 21/28 | €37,673 | €25,046 | -€12,627 | -33.5% |
| Tangible fixed assets | 22/27 | €37,673 | €25,046 | -€12,627 | -33.5% |
| Furniture and vehicles | 24 | €37,673 | €25,046 | -€12,627 | -33.5% |
| Current assets | 29/58 | €4,309 | €5,917 | +€1,608 | +37.3% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,072 | €2,201 | -€871 | -28.4% |
| Trade receivables | 40 | €1,769 | €1,769 | = | 0.0% |
| Other amounts receivable | 41 | €1,304 | €432 | -€871 | -66.8% |
| Cash at bank and in hand | 54/58 | €487 | €2,966 | +€2,479 | +509% |
| Total equity and liabilities | 10/49 | €41,982 | €30,963 | -€11,019 | -26.2% |
| Equity | 10/15 | -€4,867 | -€14,865 | -€9,998 | -205% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,367 | -€32,365 | -€9,998 | -44.7% |
| Amounts payable | 17/49 | €46,849 | €45,828 | -€1,021 | -2.2% |
| Amounts payable after more than one year | 17 | €6,648 | €6,648 | = | 0.0% |
| Financial debts | 170/4 | €6,648 | €6,648 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,201 | €39,180 | -€1,021 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €2,797 | €0 | -€2,797 | -100% |
| Trade debts | 44 | €7,165 | €3,481 | -€3,683 | -51.4% |
| Suppliers | 440/4 | €7,165 | €3,481 | -€3,683 | -51.4% |
| Other amounts payable | 47/48 | €30,239 | €35,699 | +€5,459 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,583 | €6,298 | +€2,716 | +75.8% |
| Other operating charges | 640/8 | €557 | €66 | -€492 | -88.2% |
| Gross operating margin | 9900 | -€1,846 | -€3,269 | -€1,423 | -77.1% |
| Operating profit (loss) | 9901 | -€5,986 | -€9,633 | -€3,647 | -60.9% |
| Financial charges | 65/66B | €547 | €365 | -€182 | -33.3% |
| Recurring financial charges | 65 | €547 | €365 | -€182 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,533 | -€9,998 | -€3,465 | -53.0% |
| Profit (loss) for the period | 9904 | -€6,533 | -€9,998 | -€3,465 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,533 | -€9,998 | -€3,465 | -53.0% |
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 24 October 2026 via checked.be.