PICASSO: 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.
PICASSO
Largest movements
- Receivables within one year -€4,129
down €4,129 (-6.1%), from €67,664 to €63,535
of which Other amounts receivable: -€4,179
- Cash +€2,033
up €2,033 (+8632.5%), from €24 to €2,057
mainly Receivables within one year (+€4,129) and Net result for the year (+€2,813)
- Other debts -€4,879
down €4,879 (-0.6%), from €757,858 to €752,978
- Profit (loss) carried forward +€2,813
up €2,813 (+0.4%), from -€727,001 to -€724,188
- Gross operating margin +€4,015
up €4,015, from -€1,270 to €2,746
- Other operating charges -€573
down €573 (-48.8%), from €1,172 to €600
- Financial charges -€41
down €41 (-30.3%), from €135 to €95
- Financial income -€33
down €33 (-2.6%), from €1,294 to €1,261
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 | €69,784 | €67,166 | -€2,618 | -3.8% |
| Fixed assets | 21/28 | €1,500 | €1,000 | -€500 | -33.3% |
| Tangible fixed assets | 22/27 | €1,500 | €1,000 | -€500 | -33.3% |
| Furniture and vehicles | 24 | €1,500 | €1,000 | -€500 | -33.3% |
| Current assets | 29/58 | €68,284 | €66,166 | -€2,118 | -3.1% |
| Amounts receivable within one year | 40/41 | €67,664 | €63,535 | -€4,129 | -6.1% |
| Trade receivables | 40 | €1,438 | €1,488 | +€50 | +3.5% |
| Other amounts receivable | 41 | €66,226 | €62,047 | -€4,179 | -6.3% |
| Cash at bank and in hand | 54/58 | €24 | €2,057 | +€2,033 | +8632.5% |
| Deferred charges and accrued income | 490/1 | €597 | €574 | -€22 | -3.7% |
| Total equity and liabilities | 10/49 | €69,784 | €67,166 | -€2,618 | -3.8% |
| Equity | 10/15 | -€689,024 | -€686,212 | +€2,813 | +0.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €13,187 | €13,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €13,187 | €13,187 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€727,001 | -€724,188 | +€2,813 | +0.4% |
| Amounts payable | 17/49 | €758,809 | €753,378 | -€5,431 | -0.7% |
| Amounts payable within one year | 42/48 | €758,809 | €753,378 | -€5,431 | -0.7% |
| Trade debts | 44 | €951 | €400 | -€551 | -58.0% |
| Suppliers | 440/4 | €951 | €400 | -€551 | -58.0% |
| Other amounts payable | 47/48 | €757,858 | €752,978 | -€4,879 | -0.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €1,172 | €600 | -€573 | -48.8% |
| Gross operating margin | 9900 | -€1,270 | €2,746 | +€4,015 | |
| Operating profit (loss) | 9901 | -€2,942 | €1,646 | +€4,588 | |
| Financial income | 75/76B | €1,294 | €1,261 | -€33 | -2.6% |
| Recurring financial income | 75 | €1,294 | €1,261 | -€33 | -2.6% |
| Financial charges | 65/66B | €135 | €95 | -€41 | -30.3% |
| Recurring financial charges | 65 | €135 | €95 | -€41 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,783 | €2,813 | +€4,596 | |
| Profit (loss) for the period | 9904 | -€1,783 | €2,813 | +€4,596 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,783 | €2,813 | +€4,596 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.