PICCOLINO: 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.
PICCOLINO
Largest movements
- Tangible fixed assets -€4,202
down €4,202 (-9.3%), from €45,266 to €41,064
of which Land and buildings: -€3,844
- Cash -€1,563
down €1,563 (-48.1%), from €3,250 to €1,688
mainly Net result for the year (-€9,601) and Deferred charges and accrued income (-€443)
- Profit (loss) carried forward -€9,601
down €9,601 (-34.4%), from -€27,940 to -€37,541
- Other debts +€4,500
up €4,500 (+8.3%), from €54,421 to €58,921
- Gross operating margin -€8,260
down €8,260, from €5,651 to -€2,608
- Taxes -€76
no longer reported in 2025 (was €76)
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 | €48,660 | €43,338 | -€5,322 | -10.9% |
| Fixed assets | 21/28 | €45,409 | €41,207 | -€4,202 | -9.3% |
| Tangible fixed assets | 22/27 | €45,266 | €41,064 | -€4,202 | -9.3% |
| Land and buildings | 22 | €42,897 | €39,053 | -€3,844 | -9.0% |
| Plant, machinery and equipment | 23 | €2,369 | €2,011 | -€358 | -15.1% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €3,250 | €2,130 | -€1,120 | -34.5% |
| Cash at bank and in hand | 54/58 | €3,250 | €1,688 | -€1,563 | -48.1% |
| Deferred charges and accrued income | 490/1 | - | €443 | +€443 | |
| Total equity and liabilities | 10/49 | €48,660 | €43,338 | -€5,322 | -10.9% |
| Equity | 10/15 | -€7,489 | -€17,090 | -€9,601 | -128% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,940 | -€37,541 | -€9,601 | -34.4% |
| Amounts payable | 17/49 | €56,149 | €60,427 | +€4,279 | +7.6% |
| Amounts payable within one year | 42/48 | €56,149 | €60,427 | +€4,279 | +7.6% |
| Trade debts | 44 | €1,475 | €1,506 | +€31 | +2.1% |
| Suppliers | 440/4 | €1,475 | €1,506 | +€31 | +2.1% |
| Taxes, remuneration and social security | 45 | €252 | - | -€252 | |
| Taxes | 450/3 | €252 | - | -€252 | |
| Other amounts payable | 47/48 | €54,421 | €58,921 | +€4,500 | +8.3% |
| Non-recurring operating income | 76A | €1,750 | - | -€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,202 | €4,202 | = | 0.0% |
| Other operating charges | 640/8 | €2,793 | €2,745 | -€48 | -1.7% |
| Gross operating margin | 9900 | €5,651 | -€2,608 | -€8,260 | |
| Operating profit (loss) | 9901 | -€1,344 | -€9,556 | -€8,211 | -611% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,389 | -€9,601 | -€8,211 | -591% |
| Income taxes | 67/77 | €76 | - | -€76 | |
| Profit (loss) for the period | 9904 | -€1,465 | -€9,601 | -€8,135 | -555% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,465 | -€9,601 | -€8,135 | -555% |
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 14 October 2026 via checked.be.