PICIDAE: 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.
PICIDAE
Largest movements
- Tangible fixed assets -€7,321
no longer reported in 2025 (was €7,321)
- Current investments +€6,060
up €6,060 (+57.1%), from €10,611 to €16,671
- Reserves +€14,963
up €14,963 (+47.7%), from €31,350 to €46,312
- Debts after one year -€11,464
down €11,464 (-16.2%), from €70,747 to €59,283
- Other debts -€2,660
down €2,660 (-11.3%), from €23,554 to €20,894
- Gross operating margin +€1,806
up €1,806 (+5.1%), from €35,491 to €37,298
- Taxes +€854
up €854 (+9.5%), from €9,014 to €9,867
- Depreciation -€679
down €679 (-8.5%), from €8,000 to €7,321
- Financial charges -€517
down €517 (-13.2%), from €3,934 to €3,417
- Other operating charges +€417
up €417 (+70.4%), from €592 to €1,009
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 | €184,229 | €184,139 | -€89 | 0.0% |
| Fixed assets | 21/28 | €145,969 | €138,648 | -€7,321 | -5.0% |
| Tangible fixed assets | 22/27 | €7,321 | - | -€7,321 | |
| Furniture and vehicles | 24 | €7,321 | - | -€7,321 | |
| Financial fixed assets | 28 | €138,648 | €138,648 | = | 0.0% |
| Current assets | 29/58 | €38,260 | €45,491 | +€7,231 | +18.9% |
| Amounts receivable within one year | 40/41 | €9,075 | €9,827 | +€752 | +8.3% |
| Trade receivables | 40 | €9,075 | €9,680 | +€605 | +6.7% |
| Other amounts receivable | 41 | - | €147 | +€147 | |
| Current investments | 50/53 | €10,611 | €16,671 | +€6,060 | +57.1% |
| Cash at bank and in hand | 54/58 | €18,089 | €18,542 | +€453 | +2.5% |
| Deferred charges and accrued income | 490/1 | €485 | €452 | -€34 | -7.0% |
| Total equity and liabilities | 10/49 | €184,229 | €184,139 | -€89 | 0.0% |
| Equity | 10/15 | €71,350 | €86,312 | +€14,963 | +21.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €31,350 | €46,312 | +€14,963 | +47.7% |
| Distributable reserves | 133 | €31,350 | €46,312 | +€14,963 | +47.7% |
| Amounts payable | 17/49 | €112,879 | €97,827 | -€15,052 | -13.3% |
| Amounts payable after more than one year | 17 | €70,747 | €59,283 | -€11,464 | -16.2% |
| Financial debts | 170/4 | €70,747 | €59,283 | -€11,464 | -16.2% |
| Amounts payable within one year | 42/48 | €40,285 | €36,931 | -€3,354 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €11,147 | €11,464 | +€317 | +2.8% |
| Trade debts | 44 | €744 | €951 | +€206 | +27.7% |
| Suppliers | 440/4 | €744 | €951 | +€206 | +27.7% |
| Taxes, remuneration and social security | 45 | €4,840 | €3,622 | -€1,217 | -25.2% |
| Taxes | 450/3 | €4,840 | €3,622 | -€1,217 | -25.2% |
| Other amounts payable | 47/48 | €23,554 | €20,894 | -€2,660 | -11.3% |
| Accrued charges and deferred income | 492/3 | €1,847 | €1,613 | -€234 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,000 | €7,321 | -€679 | -8.5% |
| Other operating charges | 640/8 | €592 | €1,009 | +€417 | +70.4% |
| Gross operating margin | 9900 | €35,491 | €37,298 | +€1,806 | +5.1% |
| Operating profit (loss) | 9901 | €26,899 | €28,968 | +€2,069 | +7.7% |
| Financial income | 75/76B | €18 | €112 | +€94 | +526% |
| Recurring financial income | 75 | €18 | €112 | +€94 | +526% |
| Financial charges | 65/66B | €3,934 | €3,417 | -€517 | -13.2% |
| Recurring financial charges | 65 | €3,934 | €3,417 | -€517 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €22,983 | €25,663 | +€2,680 | +11.7% |
| Income taxes | 67/77 | €9,014 | €9,867 | +€854 | +9.5% |
| Profit (loss) for the period | 9904 | €13,969 | €15,796 | +€1,827 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,969 | €15,796 | +€1,827 | +13.1% |
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 23 October 2026 via checked.be.