PICARDIMMO: 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.
PICARDIMMO
Largest movements
- Tangible fixed assets -€18,372
down €18,372 (-3.8%), from €477,551 to €459,180
of which Land and buildings: -€17,515
- Debts after one year +€342,596
up €342,596 (+294.6%), from €116,306 to €458,903
- Other debts -€342,596
down €342,596 (-99.3%), from €344,991 to €2,395
- Current portion of long-term debt -€14,674
no longer reported in 2025 (was €14,674)
- Tax, wage and social debts -€5,350
no longer reported in 2025 (was €5,350)
- Depreciation +€4,593
up €4,593 (+33.3%), from €13,779 to €18,372
- Gross operating margin +€1,893
up €1,893 (+9.9%), from €19,074 to €20,967
- Financial charges -€236
down €236 (-11.6%), from €2,042 to €1,806
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 | €497,478 | €472,205 | -€25,273 | -5.1% |
| Fixed assets | 21/28 | €477,551 | €459,180 | -€18,372 | -3.8% |
| Tangible fixed assets | 22/27 | €477,551 | €459,180 | -€18,372 | -3.8% |
| Land and buildings | 22 | €470,531 | €453,017 | -€17,515 | -3.7% |
| Plant, machinery and equipment | 23 | €7,020 | €6,163 | -€857 | -12.2% |
| Current assets | 29/58 | €19,927 | €13,026 | -€6,901 | -34.6% |
| Amounts receivable within one year | 40/41 | €3,500 | €40 | -€3,460 | -98.9% |
| Trade receivables | 40 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €16,134 | €12,681 | -€3,453 | -21.4% |
| Deferred charges and accrued income | 490/1 | €292 | €304 | +€12 | +4.1% |
| Total equity and liabilities | 10/49 | €497,478 | €472,205 | -€25,273 | -5.1% |
| Equity | 10/15 | €12,186 | €10,600 | -€1,585 | -13.0% |
| Contributions | 10/11 | €21,344 | €21,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,158 | -€10,743 | -€1,585 | -17.3% |
| Amounts payable | 17/49 | €485,293 | €461,605 | -€23,687 | -4.9% |
| Amounts payable after more than one year | 17 | €116,306 | €458,903 | +€342,596 | +294.6% |
| Financial debts | 170/4 | €116,306 | €458,903 | +€342,596 | +294.6% |
| Amounts payable within one year | 42/48 | €368,986 | €2,702 | -€366,284 | -99.3% |
| Current portion of amounts payable after more than one year | 42 | €14,674 | - | -€14,674 | |
| Trade debts | 44 | €3,971 | €307 | -€3,663 | -92.3% |
| Suppliers | 440/4 | €3,971 | €307 | -€3,663 | -92.3% |
| Taxes, remuneration and social security | 45 | €5,350 | - | -€5,350 | |
| Taxes | 450/3 | €5,350 | - | -€5,350 | |
| Other amounts payable | 47/48 | €344,991 | €2,395 | -€342,596 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,779 | €18,372 | +€4,593 | +33.3% |
| Other operating charges | 640/8 | €2,303 | €2,375 | +€72 | +3.1% |
| Gross operating margin | 9900 | €19,074 | €20,967 | +€1,893 | +9.9% |
| Operating profit (loss) | 9901 | €2,992 | €220 | -€2,772 | -92.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,042 | €1,806 | -€236 | -11.6% |
| Recurring financial charges | 65 | €2,042 | €1,806 | -€236 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €950 | -€1,585 | -€2,536 | |
| Profit (loss) for the period | 9904 | €950 | -€1,585 | -€2,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €950 | -€1,585 | -€2,536 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.