PICCARD ENGINEERING: 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.
PICCARD ENGINEERING
Largest movements
- Tangible fixed assets -€17,792
down €17,792 (-26.4%), from €67,473 to €49,681
of which Furniture and vehicles: -€13,063
- Other debts +€37,910
up €37,910 (+464%), from €8,171 to €46,081
- Reserves -€29,879
down €29,879 (-11.6%), from €258,327 to €228,448
- Debts after one year -€21,901
down €21,901 (-22.3%), from €98,019 to €76,118
- Short-term financial debts -€9,943
down €9,943 (-91.5%), from €10,864 to €920
- Financial income -€40,209
down €40,209 (-80.1%), from €50,226 to €10,017
- Taxes -€3,784
down €3,784 (-59.3%), from €6,379 to €2,595
- Gross operating margin -€3,588
down €3,588 (-11.6%), from €30,833 to €27,244
- Financial charges -€1,446
down €1,446 (-27.7%), from €5,213 to €3,767
- Other operating charges -€862
down €862 (-35.6%), from €2,419 to €1,557
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 | €415,694 | €399,481 | -€16,213 | -3.9% |
| Fixed assets | 21/28 | €348,723 | €330,931 | -€17,792 | -5.1% |
| Tangible fixed assets | 22/27 | €67,473 | €49,681 | -€17,792 | -26.4% |
| Land and buildings | 22 | €784 | €0 | -€784 | -100% |
| Plant, machinery and equipment | 23 | €11,243 | €7,298 | -€3,946 | -35.1% |
| Furniture and vehicles | 24 | €55,446 | €42,383 | -€13,063 | -23.6% |
| Financial fixed assets | 28 | €281,250 | €281,250 | = | 0.0% |
| Current assets | 29/58 | €66,971 | €68,550 | +€1,580 | +2.4% |
| Amounts receivable within one year | 40/41 | €27,297 | €26,256 | -€1,040 | -3.8% |
| Trade receivables | 40 | €18,415 | €25,607 | +€7,192 | +39.1% |
| Other amounts receivable | 41 | €8,882 | €650 | -€8,232 | -92.7% |
| Cash at bank and in hand | 54/58 | €37,134 | €38,364 | +€1,230 | +3.3% |
| Deferred charges and accrued income | 490/1 | €2,539 | €3,929 | +€1,390 | +54.7% |
| Total equity and liabilities | 10/49 | €415,694 | €399,481 | -€16,213 | -3.9% |
| Equity | 10/15 | €264,527 | €234,648 | -€29,879 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €258,327 | €228,448 | -€29,879 | -11.6% |
| Distributable reserves | 133 | €258,327 | €228,448 | -€29,879 | -11.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €151,167 | €164,833 | +€13,667 | +9.0% |
| Amounts payable after more than one year | 17 | €98,019 | €76,118 | -€21,901 | -22.3% |
| Financial debts | 170/4 | €98,019 | €76,118 | -€21,901 | -22.3% |
| Amounts payable within one year | 42/48 | €51,620 | €86,435 | +€34,815 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €21,495 | €21,901 | +€406 | +1.9% |
| Financial debts | 43 | €10,864 | €920 | -€9,943 | -91.5% |
| Credit institutions | 430/8 | €10,864 | €920 | -€9,943 | -91.5% |
| Trade debts | 44 | €211 | €2,583 | +€2,373 | +1,127% |
| Suppliers | 440/4 | €211 | €2,583 | +€2,373 | +1,127% |
| Taxes, remuneration and social security | 45 | €10,880 | €14,949 | +€4,069 | +37.4% |
| Taxes | 450/3 | €10,880 | €14,949 | +€4,069 | +37.4% |
| Other amounts payable | 47/48 | €8,171 | €46,081 | +€37,910 | +464% |
| Accrued charges and deferred income | 492/3 | €1,527 | €2,280 | +€753 | +49.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,338 | €25,737 | +€399 | +1.6% |
| Other operating charges | 640/8 | €2,419 | €1,557 | -€862 | -35.6% |
| Gross operating margin | 9900 | €30,833 | €27,244 | -€3,588 | -11.6% |
| Operating profit (loss) | 9901 | €3,076 | -€50 | -€3,126 | |
| Financial income | 75/76B | €50,226 | €10,017 | -€40,209 | -80.1% |
| Recurring financial income | 75 | €50,226 | €10,017 | -€40,209 | -80.1% |
| Financial charges | 65/66B | €5,213 | €3,767 | -€1,446 | -27.7% |
| Recurring financial charges | 65 | €5,213 | €3,767 | -€1,446 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €48,089 | €6,201 | -€41,888 | -87.1% |
| Income taxes | 67/77 | €6,379 | €2,595 | -€3,784 | -59.3% |
| Profit (loss) for the period | 9904 | €41,710 | €3,606 | -€38,104 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,710 | €3,606 | -€38,104 | -91.4% |
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 15 October 2026 via checked.be.