Pichal: 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.
Pichal
Largest movements
- Tangible fixed assets +€37,745
up €37,745 (+88.0%), from €42,916 to €80,662
of which Plant, machinery and equipment: +€37,120
- Cash -€4,008
no longer reported in 2024 (was €4,008)
mainly Investment in fixed assets (net) (-€74,049) and Debts after one year (-€12,478)
- Stocks and contracts +€1,490
up €1,490 (+19.4%), from €7,666 to €9,156
- Trade debts +€30,066
up €30,066 (+171.0%), from €17,578 to €47,645
- Debts after one year -€12,478
down €12,478 (-38.3%), from €32,554 to €20,076
- Short-term financial debts +€7,798
new in 2024: €7,798
- Other debts +€6,003
new in 2024: €6,003
- Tax, wage and social debts +€2,413
up €2,413 (+15.5%), from €15,575 to €17,989
of which Taxes: +€4,449
- Gross operating margin +€45,896
up €45,896 (+79.1%), from €58,036 to €103,932
- Staff costs +€33,839
up €33,839 (+149.7%), from €22,598 to €56,436
- Depreciation +€4,456
up €4,456 (+13.9%), from €31,994 to €36,449
- Other operating charges +€3,093
up €3,093 (+446.5%), from €693 to €3,786
- Taxes +€2,981
new in 2024: €2,981
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,433 | €133,146 | +€34,714 | +35.3% |
| Formation expenses | 20 | €1,264 | €1,264 | = | 0.0% |
| Fixed assets | 21/28 | €45,296 | €82,896 | +€37,599 | +83.0% |
| Tangible fixed assets | 22/27 | €42,916 | €80,662 | +€37,745 | +88.0% |
| Plant, machinery and equipment | 23 | €42,916 | €80,036 | +€37,120 | +86.5% |
| Furniture and vehicles | 24 | - | €625 | +€625 | |
| Financial fixed assets | 28 | €2,380 | €2,234 | -€146 | -6.1% |
| Current assets | 29/58 | €51,873 | €48,987 | -€2,886 | -5.6% |
| Stocks and contracts in progress | 3 | €7,666 | €9,156 | +€1,490 | +19.4% |
| Stocks | 30/36 | €7,666 | €9,156 | +€1,490 | +19.4% |
| Amounts receivable within one year | 40/41 | €40,050 | €39,831 | -€219 | -0.5% |
| Trade receivables | 40 | €28,757 | €39,153 | +€10,396 | +36.2% |
| Other amounts receivable | 41 | €11,293 | €678 | -€10,615 | -94.0% |
| Cash at bank and in hand | 54/58 | €4,008 | - | -€4,008 | |
| Deferred charges and accrued income | 490/1 | €149 | - | -€149 | |
| Total equity and liabilities | 10/49 | €98,433 | €133,146 | +€34,714 | +35.3% |
| Equity | 10/15 | €20,932 | €21,157 | +€225 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,932 | €16,157 | +€225 | +1.4% |
| Amounts payable | 17/49 | €77,501 | €111,989 | +€34,488 | +44.5% |
| Amounts payable after more than one year | 17 | €32,554 | €20,076 | -€12,478 | -38.3% |
| Financial debts | 170/4 | €32,554 | €20,076 | -€12,478 | -38.3% |
| Amounts payable within one year | 42/48 | €44,946 | €91,913 | +€46,966 | +104.5% |
| Current portion of amounts payable after more than one year | 42 | €11,793 | €12,478 | +€685 | +5.8% |
| Financial debts | 43 | - | €7,798 | +€7,798 | |
| Credit institutions | 430/8 | - | €7,798 | +€7,798 | |
| Trade debts | 44 | €17,578 | €47,645 | +€30,066 | +171.0% |
| Suppliers | 440/4 | €17,578 | €47,645 | +€30,066 | +171.0% |
| Taxes, remuneration and social security | 45 | €15,575 | €17,989 | +€2,413 | +15.5% |
| Taxes | 450/3 | €13,540 | €17,989 | +€4,449 | +32.9% |
| Remuneration and social security | 454/9 | €2,036 | - | -€2,036 | |
| Other amounts payable | 47/48 | - | €6,003 | +€6,003 | |
| Remuneration, social security and pensions | 62 | €22,598 | €56,436 | +€33,839 | +149.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,994 | €36,449 | +€4,456 | +13.9% |
| Other operating charges | 640/8 | €693 | €3,786 | +€3,093 | +446.5% |
| Gross operating margin | 9900 | €58,036 | €103,932 | +€45,896 | +79.1% |
| Operating profit (loss) | 9901 | €2,752 | €7,260 | +€4,509 | +163.9% |
| Financial income | 75/76B | €83 | €4 | -€79 | -94.8% |
| Recurring financial income | 75 | €83 | €4 | -€79 | -94.8% |
| Financial charges | 65/66B | €1,623 | €4,058 | +€2,435 | +150.0% |
| Recurring financial charges | 65 | €1,623 | €4,058 | +€2,435 | +150.0% |
| Profit (loss) for the period before taxes | 9903 | €1,211 | €3,206 | +€1,995 | +164.7% |
| Income taxes | 67/77 | - | €2,981 | +€2,981 | |
| Profit (loss) for the period | 9904 | €1,211 | €225 | -€986 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,211 | €225 | -€986 | -81.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.