PICARDIE: 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.
PICARDIE
Largest movements
- Tangible fixed assets -€14,896
down €14,896 (-7.6%), from €196,763 to €181,868
of which Land and buildings: -€11,789
- Other debts -€9,325
down €9,325 (-15.2%), from €61,493 to €52,168
- Profit (loss) carried forward -€5,707
down €5,707 (-17.5%), from -€32,627 to -€38,334
- Gross operating margin -€4,313
down €4,313 (-26.7%), from €16,160 to €11,847
- Other operating charges -€306
down €306 (-10.4%), from €2,935 to €2,628
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 | €309,894 | €294,862 | -€15,032 | -4.9% |
| Fixed assets | 21/28 | €196,763 | €181,868 | -€14,896 | -7.6% |
| Tangible fixed assets | 22/27 | €196,763 | €181,868 | -€14,896 | -7.6% |
| Land and buildings | 22 | €191,682 | €179,892 | -€11,789 | -6.2% |
| Plant, machinery and equipment | 23 | €5,082 | €1,975 | -€3,106 | -61.1% |
| Current assets | 29/58 | €113,131 | €112,995 | -€137 | -0.1% |
| Amounts receivable within one year | 40/41 | €111,473 | €111,473 | = | 0.0% |
| Other amounts receivable | 41 | €111,473 | €111,473 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €236 | €87 | -€149 | -63.2% |
| Deferred charges and accrued income | 490/1 | €1,423 | €1,435 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €309,894 | €294,862 | -€15,032 | -4.9% |
| Equity | 10/15 | €211,401 | €205,694 | -€5,707 | -2.7% |
| Contributions | 10/11 | €237,500 | €237,500 | = | 0.0% |
| Capital | 10 | €237,500 | €237,500 | = | 0.0% |
| Issued capital | 100 | €237,500 | €237,500 | = | 0.0% |
| Reserves | 13 | €6,528 | €6,528 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,528 | €6,528 | = | 0.0% |
| Legal reserve | 130 | €6,528 | €6,528 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,627 | -€38,334 | -€5,707 | -17.5% |
| Amounts payable | 17/49 | €98,493 | €89,168 | -€9,325 | -9.5% |
| Amounts payable after more than one year | 17 | €37,000 | €37,000 | = | 0.0% |
| Financial debts | 170/4 | €37,000 | €37,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,493 | €52,168 | -€9,325 | -15.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €61,493 | €52,168 | -€9,325 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,896 | €14,896 | = | 0.0% |
| Other operating charges | 640/8 | €2,935 | €2,628 | -€306 | -10.4% |
| Gross operating margin | 9900 | €16,160 | €11,847 | -€4,313 | -26.7% |
| Operating profit (loss) | 9901 | -€1,670 | -€5,677 | -€4,007 | -240% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,700 | -€5,707 | -€4,007 | -236% |
| Profit (loss) for the period | 9904 | -€1,700 | -€5,707 | -€4,007 | -236% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,700 | -€5,707 | -€4,007 | -236% |
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 13 October 2026 via checked.be.