PICHAL CONSULT: 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.
PICHAL CONSULT
Largest movements
- Cash +€43,637
up €43,637 (+76.9%), from €56,710 to €100,346
mainly Net result for the year (+€56,790) and Tax, wage and social debts (+€16,981)
- Current investments +€30,000
up €30,000 (+128%), from €23,500 to €53,500
- Receivables within one year +€16,981
up €16,981 (+36.4%), from €46,617 to €63,598
of which Other amounts receivable: +€16,981
- Deferred charges and accrued income -€10,936
down €10,936 (-99.0%), from €11,050 to €114
- Tangible fixed assets -€3,341
down €3,341 (-27.2%), from €12,285 to €8,944
of which Furniture and vehicles: -€2,995
- Profit (loss) carried forward +€56,790
new in 2025: €56,790
- Tax, wage and social debts +€16,981
up €16,981 (+57.6%), from €29,493 to €46,474
of which Taxes: +€19,203
- Taxes -€7,730
down €7,730 (-32.8%), from €23,562 to €15,832
- Gross operating margin -€6,599
down €6,599 (-8.0%), from €82,796 to €76,197
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 | €150,162 | €226,502 | +€76,341 | +50.8% |
| Fixed assets | 21/28 | €12,285 | €8,944 | -€3,341 | -27.2% |
| Tangible fixed assets | 22/27 | €12,285 | €8,944 | -€3,341 | -27.2% |
| Plant, machinery and equipment | 23 | €657 | €311 | -€347 | -52.7% |
| Furniture and vehicles | 24 | €11,628 | €8,633 | -€2,995 | -25.8% |
| Current assets | 29/58 | €137,876 | €217,558 | +€79,682 | +57.8% |
| Amounts receivable within one year | 40/41 | €46,617 | €63,598 | +€16,981 | +36.4% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 41 | €31,617 | €48,598 | +€16,981 | +53.7% |
| Current investments | 50/53 | €23,500 | €53,500 | +€30,000 | +128% |
| Cash at bank and in hand | 54/58 | €56,710 | €100,346 | +€43,637 | +76.9% |
| Deferred charges and accrued income | 490/1 | €11,050 | €114 | -€10,936 | -99.0% |
| Total equity and liabilities | 10/49 | €150,162 | €226,502 | +€76,341 | +50.8% |
| Equity | 10/15 | €115,102 | €171,892 | +€56,790 | +49.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €114,102 | €114,102 | = | 0.0% |
| Distributable reserves | 133 | €114,102 | €114,102 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €56,790 | +€56,790 | |
| Amounts payable | 17/49 | €35,060 | €54,610 | +€19,550 | +55.8% |
| Amounts payable within one year | 42/48 | €35,060 | €54,610 | +€19,550 | +55.8% |
| Trade debts | 44 | €4,066 | €4,836 | +€769 | +18.9% |
| Suppliers | 440/4 | €4,066 | €4,836 | +€769 | +18.9% |
| Taxes, remuneration and social security | 45 | €29,493 | €46,474 | +€16,981 | +57.6% |
| Taxes | 450/3 | €27,271 | €46,474 | +€19,203 | +70.4% |
| Remuneration and social security | 454/9 | €2,222 | €0 | -€2,222 | -100% |
| Other amounts payable | 47/48 | €1,500 | €3,300 | +€1,800 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,544 | €3,341 | +€797 | +31.3% |
| Other operating charges | 640/8 | €297 | €501 | +€204 | +68.7% |
| Gross operating margin | 9900 | €82,796 | €76,197 | -€6,599 | -8.0% |
| Operating profit (loss) | 9901 | €79,955 | €72,354 | -€7,601 | -9.5% |
| Financial income | 75/76B | €1,055 | €1,879 | +€824 | +78.1% |
| Recurring financial income | 75 | €1,055 | €1,879 | +€824 | +78.1% |
| Financial charges | 65/66B | €1,038 | €1,611 | +€573 | +55.2% |
| Recurring financial charges | 65 | €1,038 | €1,611 | +€573 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €79,972 | €72,622 | -€7,350 | -9.2% |
| Income taxes | 67/77 | €23,562 | €15,832 | -€7,730 | -32.8% |
| Profit (loss) for the period | 9904 | €56,410 | €56,790 | +€380 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,410 | €56,790 | +€380 | +0.7% |
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 24 October 2026 via checked.be.