PICASO CONSULTANCY: 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.
PICASO CONSULTANCY
Largest movements
- Receivables within one year -€29,828
down €29,828 (-36.2%), from €82,304 to €52,476
of which Trade receivables: -€29,677
- Cash +€13,689
up €13,689 (+2,544%), from €538 to €14,227
mainly Receivables within one year (+€29,828) and Depreciation (+€14,050)
- Tangible fixed assets -€12,491
down €12,491 (-21.6%), from €57,769 to €45,278
of which Furniture and vehicles: -€13,320
- Reserves -€24,500
down €24,500 (-100%), from €24,500 to €0
- Profit (loss) carried forward -€11,310
down €11,310, from €108 to -€11,202
- Debts after one year -€11,020
down €11,020 (-29.3%), from €37,587 to €26,567
- Other debts +€10,095
up €10,095 (+16.9%), from €59,827 to €69,922
- Tax, wage and social debts +€8,666
up €8,666 (+146%), from €5,926 to €14,591
of which Taxes: +€8,666
- Write-downs -€27,871
down €27,871 (-50.0%), from €55,742 to €27,871
- Gross operating margin +€8,647
up €8,647 (+383%), from €2,256 to €10,903
- Depreciation +€2,539
up €2,539 (+22.1%), from €11,510 to €14,050
- Financial charges +€615
up €615 (+27.1%), from €2,266 to €2,881
- Other operating charges +€611
up €611 (+56.0%), from €1,091 to €1,702
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 | €141,893 | €114,027 | -€27,866 | -19.6% |
| Fixed assets | 21/28 | €57,769 | €45,278 | -€12,491 | -21.6% |
| Tangible fixed assets | 22/27 | €57,769 | €45,278 | -€12,491 | -21.6% |
| Plant, machinery and equipment | 23 | - | €1,479 | +€1,479 | |
| Furniture and vehicles | 24 | €55,677 | €42,357 | -€13,320 | -23.9% |
| Other tangible fixed assets | 26 | €2,092 | €1,442 | -€650 | -31.1% |
| Current assets | 29/58 | €84,124 | €68,748 | -€15,375 | -18.3% |
| Amounts receivable within one year | 40/41 | €82,304 | €52,476 | -€29,828 | -36.2% |
| Trade receivables | 40 | €82,153 | €52,476 | -€29,677 | -36.1% |
| Other amounts receivable | 41 | €150 | €0 | -€150 | -100% |
| Cash at bank and in hand | 54/58 | €538 | €14,227 | +€13,689 | +2,544% |
| Deferred charges and accrued income | 490/1 | €1,282 | €2,045 | +€763 | +59.5% |
| Total equity and liabilities | 10/49 | €141,893 | €114,027 | -€27,866 | -19.6% |
| Equity | 10/15 | €27,608 | -€8,202 | -€35,810 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,500 | €0 | -€24,500 | -100% |
| Distributable reserves | 133 | €24,500 | €0 | -€24,500 | -100% |
| Profit (loss) carried forward | 14 | €108 | -€11,202 | -€11,310 | |
| Amounts payable | 17/49 | €114,285 | €122,228 | +€7,943 | +7.0% |
| Amounts payable after more than one year | 17 | €37,587 | €26,567 | -€11,020 | -29.3% |
| Financial debts | 170/4 | €37,587 | €26,567 | -€11,020 | -29.3% |
| Amounts payable within one year | 42/48 | €76,698 | €95,661 | +€18,963 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €10,563 | €11,020 | +€456 | +4.3% |
| Trade debts | 44 | €382 | €128 | -€255 | -66.5% |
| Suppliers | 440/4 | €382 | €128 | -€255 | -66.5% |
| Taxes, remuneration and social security | 45 | €5,926 | €14,591 | +€8,666 | +146% |
| Taxes | 450/3 | €2,926 | €11,591 | +€8,666 | +296% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €59,827 | €69,922 | +€10,095 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,510 | €14,050 | +€2,539 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €55,742 | €27,871 | -€27,871 | -50.0% |
| Other operating charges | 640/8 | €1,091 | €1,702 | +€611 | +56.0% |
| Gross operating margin | 9900 | €2,256 | €10,903 | +€8,647 | +383% |
| Operating profit (loss) | 9901 | -€66,087 | -€32,719 | +€33,368 | +50.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €2,266 | €2,881 | +€615 | +27.1% |
| Recurring financial charges | 65 | €2,266 | €2,881 | +€615 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€68,353 | -€35,600 | +€32,753 | +47.9% |
| Income taxes | 67/77 | €76 | €210 | +€135 | +178% |
| Profit (loss) for the period | 9904 | -€68,429 | -€35,810 | +€32,619 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,429 | -€35,810 | +€32,619 | +47.7% |
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 24 October 2026 via checked.be.