PICCICUTO: 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.
PICCICUTO
Largest movements
- Receivables within one year -€46,068
down €46,068 (-25.5%), from €180,415 to €134,348
of which Trade receivables: -€49,308
- Cash -€33,847
down €33,847 (-27.5%), from €123,091 to €89,244
mainly Net result for the year (-€44,283) and Trade debts (-€12,009)
- Profit (loss) carried forward -€44,283
down €44,283, from €0 to -€44,283
- Trade debts -€12,009
down €12,009 (-94.5%), from €12,701 to €693
- Accrued charges and deferred income -€10,787
down €10,787 (-98.7%), from €10,926 to €139
- Reserves -€10,000
down €10,000 (-4.3%), from €232,546 to €222,546
of which Distributable reserves: -€10,000
- Debts after one year -€3,429
down €3,429 (-23.5%), from €14,571 to €11,143
of which Financial debts: -€3,429
- Gross operating margin -€177,137
down €177,137, from €146,046 to -€31,091
- Staff costs -€79,101
down €79,101, from €78,298 to -€803
- Taxes -€14,371
down €14,371 (-100.0%), from €14,371 to €0
- Financial charges -€1,816
down €1,816 (-56.8%), from €3,195 to €1,379
of which Non-recurring financial charges: -€1,940
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 | €304,106 | €224,191 | -€79,915 | -26.3% |
| Fixed assets | 21/28 | €599 | €599 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €599 | €599 | = | 0.0% |
| Current assets | 29/58 | €303,507 | €223,592 | -€79,915 | -26.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €180,415 | €134,348 | -€46,068 | -25.5% |
| Trade receivables | 40 | €154,084 | €104,776 | -€49,308 | -32.0% |
| Other amounts receivable | 41 | €26,331 | €29,571 | +€3,240 | +12.3% |
| Cash at bank and in hand | 54/58 | €123,091 | €89,244 | -€33,847 | -27.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €304,106 | €224,191 | -€79,915 | -26.3% |
| Equity | 10/15 | €245,046 | €190,763 | -€54,283 | -22.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €232,546 | €222,546 | -€10,000 | -4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €230,686 | €220,686 | -€10,000 | -4.3% |
| Profit (loss) carried forward | 14 | €0 | -€44,283 | -€44,283 | |
| Amounts payable | 17/49 | €59,060 | €33,428 | -€25,632 | -43.4% |
| Amounts payable after more than one year | 17 | €14,571 | €11,143 | -€3,429 | -23.5% |
| Financial debts | 170/4 | €14,571 | €11,143 | -€3,429 | -23.5% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €33,562 | €22,146 | -€11,417 | -34.0% |
| Current portion of amounts payable after more than one year | 42 | €3,618 | €4,286 | +€668 | +18.5% |
| Trade debts | 44 | €12,701 | €693 | -€12,009 | -94.5% |
| Suppliers | 440/4 | €12,701 | €693 | -€12,009 | -94.5% |
| Taxes, remuneration and social security | 45 | €14,371 | €14,371 | = | 0.0% |
| Taxes | 450/3 | €14,371 | €14,371 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,872 | €2,796 | -€76 | -2.6% |
| Accrued charges and deferred income | 492/3 | €10,926 | €139 | -€10,787 | -98.7% |
| Remuneration, social security and pensions | 62 | €78,298 | -€803 | -€79,101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €13,055 | €12,615 | -€439 | -3.4% |
| Gross operating margin | 9900 | €146,046 | -€31,091 | -€177,137 | |
| Operating profit (loss) | 9901 | €54,694 | -€42,903 | -€97,597 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €3,195 | €1,379 | -€1,816 | -56.8% |
| Recurring financial charges | 65 | €1,255 | €1,379 | +€124 | +9.8% |
| Non-recurring financial charges | 66B | €1,940 | €0 | -€1,940 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €51,500 | -€44,283 | -€95,783 | |
| Income taxes | 67/77 | €14,371 | €0 | -€14,371 | -100.0% |
| Profit (loss) for the period | 9904 | €37,129 | -€44,283 | -€81,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,129 | -€44,283 | -€81,411 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.