Picheny: what changed
What changed
Picheny
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€2,110
2024 · -€2,297+€187
Equity
€12,090
2024 · €14,201-€2,110
Cash
€806
2024 · €860-€55
Balance sheet total
€73,915
2024 · €78,036-€4,121
Largest movements
Assets
- Tangible fixed assets -€4,669
down €4,669 (-79.3%), from €5,884 to €1,215
Equity and liabilities
- Profit (loss) carried forward -€2,110
down €2,110 (-26.4%), from €8,001 to €5,890
- Other debts -€1,736
down €1,736 (-2.8%), from €62,660 to €60,924
Income statement
- Depreciation -€266
down €266 (-5.4%), from €4,935 to €4,669
- Gross operating margin -€103
down €103 (-2.6%), from €3,997 to €3,894
- Taxes -€81
down €81 (-20.8%), from €388 to €307
- Other operating charges +€58
up €58 (+6.2%), from €929 to €986
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€2,297
Gross operating margin
-€103
Depreciation
+€266
Other operating charges
-€58
Taxes
+€81
Result 2025
-€2,110
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€55
Investment
€0
Financing
€0
Cash 2024
€860
From operations (derived)
-€55
Net result for the year
-€2,110
Depreciation
+€4,669
Receivables within one year
-€564
Deferred charges and accrued income
-€38
Trade debts
-€326
Tax, wage and social debts
+€52
Other debts
-€1,736
Cash 2025
€806
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,036 | €73,915 | -€4,121 | -5.3% |
| Fixed assets | 21/28 | €5,884 | €1,215 | -€4,669 | -79.3% |
| Tangible fixed assets | 22/27 | €5,884 | €1,215 | -€4,669 | -79.3% |
| Furniture and vehicles | 24 | €5,884 | €1,215 | -€4,669 | -79.3% |
| Current assets | 29/58 | €72,152 | €72,700 | +€548 | +0.8% |
| Amounts receivable within one year | 40/41 | €25,709 | €26,273 | +€564 | +2.2% |
| Trade receivables | 40 | €1,500 | €2,250 | +€750 | +50.0% |
| Other amounts receivable | 41 | €24,209 | €24,023 | -€186 | -0.8% |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €860 | €806 | -€55 | -6.3% |
| Deferred charges and accrued income | 490/1 | €583 | €621 | +€38 | +6.6% |
| Total equity and liabilities | 10/49 | €78,036 | €73,915 | -€4,121 | -5.3% |
| Equity | 10/15 | €14,201 | €12,090 | -€2,110 | -14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,001 | €5,890 | -€2,110 | -26.4% |
| Amounts payable | 17/49 | €63,836 | €61,825 | -€2,011 | -3.1% |
| Amounts payable within one year | 42/48 | €63,836 | €61,825 | -€2,011 | -3.1% |
| Trade debts | 44 | €845 | €519 | -€326 | -38.6% |
| Suppliers | 440/4 | €845 | €519 | -€326 | -38.6% |
| Taxes, remuneration and social security | 45 | €331 | €383 | +€52 | +15.6% |
| Taxes | 450/3 | €331 | €383 | +€52 | +15.6% |
| Other amounts payable | 47/48 | €62,660 | €60,924 | -€1,736 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,935 | €4,669 | -€266 | -5.4% |
| Other operating charges | 640/8 | €929 | €986 | +€58 | +6.2% |
| Gross operating margin | 9900 | €3,997 | €3,894 | -€103 | -2.6% |
| Operating profit (loss) | 9901 | -€1,867 | -€1,761 | +€106 | +5.7% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,909 | -€1,803 | +€106 | +5.6% |
| Income taxes | 67/77 | €388 | €307 | -€81 | -20.8% |
| Profit (loss) for the period | 9904 | -€2,297 | -€2,110 | +€187 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,297 | -€2,110 | +€187 | +8.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.