PICCAYA: 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.
PICCAYA
Largest movements
- Cash -€10,051
down €10,051 (-17.6%), from €57,216 to €47,165
mainly Investment in fixed assets (net) (-€6,109) and Tax, wage and social debts (-€2,906)
- Tangible fixed assets +€1,279
up €1,279 (+15.6%), from €8,198 to €9,477
of which Plant, machinery and equipment: +€1,972
- Tax, wage and social debts -€2,906
down €2,906 (-64.4%), from €4,510 to €1,604
of which Taxes: -€2,936
- Profit (loss) carried forward -€2,433
down €2,433 (-53.4%), from €4,555 to €2,121
- Other debts -€2,318
down €2,318 (-49.7%), from €4,667 to €2,349
- Trade debts -€1,585
no longer reported in 2025 (was €1,585)
- Gross operating margin -€23,608
down €23,608 (-79.8%), from €29,576 to €5,969
- Taxes -€5,597
no longer reported in 2025 (was €5,597)
- Staff costs -€1,041
down €1,041 (-50.4%), from €2,064 to €1,023
- Depreciation +€694
up €694 (+16.8%), from €4,136 to €4,830
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 | €71,197 | €61,956 | -€9,242 | -13.0% |
| Fixed assets | 21/28 | €8,644 | €9,923 | +€1,279 | +14.8% |
| Tangible fixed assets | 22/27 | €8,198 | €9,477 | +€1,279 | +15.6% |
| Land and buildings | 22 | €2,449 | €1,632 | -€816 | -33.3% |
| Plant, machinery and equipment | 23 | €266 | €2,239 | +€1,972 | +740% |
| Furniture and vehicles | 24 | €5,483 | €5,606 | +€123 | +2.2% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €62,553 | €52,032 | -€10,521 | -16.8% |
| Amounts receivable within one year | 40/41 | €5,337 | €4,867 | -€470 | -8.8% |
| Trade receivables | 40 | €2,607 | €2,132 | -€475 | -18.2% |
| Other amounts receivable | 41 | €2,730 | €2,735 | +€4 | +0.2% |
| Cash at bank and in hand | 54/58 | €57,216 | €47,165 | -€10,051 | -17.6% |
| Total equity and liabilities | 10/49 | €71,197 | €61,956 | -€9,242 | -13.0% |
| Equity | 10/15 | €60,397 | €57,964 | -€2,433 | -4.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €37,250 | €37,250 | = | 0.0% |
| Distributable reserves | 133 | €37,250 | €37,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,555 | €2,121 | -€2,433 | -53.4% |
| Amounts payable | 17/49 | €10,800 | €3,992 | -€6,808 | -63.0% |
| Amounts payable within one year | 42/48 | €10,762 | €3,953 | -€6,808 | -63.3% |
| Trade debts | 44 | €1,585 | - | -€1,585 | |
| Suppliers | 440/4 | €1,585 | - | -€1,585 | |
| Taxes, remuneration and social security | 45 | €4,510 | €1,604 | -€2,906 | -64.4% |
| Taxes | 450/3 | €3,092 | €156 | -€2,936 | -95.0% |
| Remuneration and social security | 454/9 | €1,418 | €1,448 | +€30 | +2.1% |
| Other amounts payable | 47/48 | €4,667 | €2,349 | -€2,318 | -49.7% |
| Accrued charges and deferred income | 492/3 | €38 | €38 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €2,064 | €1,023 | -€1,041 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,136 | €4,830 | +€694 | +16.8% |
| Other operating charges | 640/8 | €2,429 | €2,454 | +€25 | +1.0% |
| Gross operating margin | 9900 | €29,576 | €5,969 | -€23,608 | -79.8% |
| Operating profit (loss) | 9901 | €20,948 | -€2,338 | -€23,287 | |
| Financial income | 75/76B | - | €178 | +€178 | |
| Recurring financial income | 75 | - | €178 | +€178 | |
| Financial charges | 65/66B | €207 | €273 | +€66 | +31.7% |
| Recurring financial charges | 65 | €207 | €273 | +€66 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €20,741 | -€2,433 | -€23,175 | |
| Income taxes | 67/77 | €5,597 | - | -€5,597 | |
| Profit (loss) for the period | 9904 | €15,144 | -€2,433 | -€17,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,144 | -€2,433 | -€17,578 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.