PICIMMO: 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.
PICIMMO
Largest movements
- Tangible fixed assets -€11,203
down €11,203 (-2.9%), from €391,706 to €380,503
- Reserves -€7,758
down €7,758 (-3.1%), from €251,514 to €243,757
of which Tax-exempt reserves: -€7,758
- Profit (loss) carried forward -€6,894
down €6,894 (-6.2%), from -€110,594 to -€117,488
- Gross operating margin -€1,608
down €1,608 (-39.9%), from -€4,027 to -€5,635
- Depreciation +€1,232
up €1,232 (+12.4%), from €9,971 to €11,203
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,487 | €381,284 | -€11,203 | -2.9% |
| Fixed assets | 21/28 | €391,706 | €380,503 | -€11,203 | -2.9% |
| Tangible fixed assets | 22/27 | €391,706 | €380,503 | -€11,203 | -2.9% |
| Land and buildings | 22 | €391,706 | €380,503 | -€11,203 | -2.9% |
| Current assets | 29/58 | €781 | €781 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €781 | €781 | = | 0.0% |
| Other amounts receivable | 41 | €781 | €781 | = | 0.0% |
| Total equity and liabilities | 10/49 | €392,487 | €381,284 | -€11,203 | -2.9% |
| Equity | 10/15 | €237,588 | €222,936 | -€14,652 | -6.2% |
| Contributions | 10/11 | €96,668 | €96,668 | = | 0.0% |
| Capital | 10 | €96,668 | €96,668 | = | 0.0% |
| Issued capital | 100 | €96,668 | €96,668 | = | 0.0% |
| Reserves | 13 | €251,514 | €243,757 | -€7,758 | -3.1% |
| Non-distributable reserves | 130/1 | €9,667 | €9,667 | = | 0.0% |
| Legal reserve | 130 | €9,667 | €9,667 | = | 0.0% |
| Tax-exempt reserves | 132 | €241,848 | €234,090 | -€7,758 | -3.2% |
| Profit (loss) carried forward | 14 | -€110,594 | -€117,488 | -€6,894 | -6.2% |
| Provisions and deferred taxes | 16 | €80,616 | €78,030 | -€2,586 | -3.2% |
| Deferred taxes | 168 | €80,616 | €78,030 | -€2,586 | -3.2% |
| Amounts payable | 17/49 | €74,283 | €80,318 | +€6,035 | +8.1% |
| Amounts payable within one year | 42/48 | €74,283 | €80,318 | +€6,035 | +8.1% |
| Trade debts | 44 | €398 | €2,635 | +€2,237 | +561.7% |
| Suppliers | 440/4 | €398 | €2,635 | +€2,237 | +561.7% |
| Other amounts payable | 47/48 | €73,885 | €77,683 | +€3,798 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,971 | €11,203 | +€1,232 | +12.4% |
| Other operating charges | 640/8 | €398 | €400 | +€2 | +0.4% |
| Gross operating margin | 9900 | -€4,027 | -€5,635 | -€1,608 | -39.9% |
| Operating profit (loss) | 9901 | -€14,396 | -€17,238 | -€2,841 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,396 | -€17,238 | -€2,841 | -19.7% |
| Transfer from deferred taxes | 780 | €2,586 | €2,586 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€11,810 | -€14,652 | -€2,841 | -24.1% |
| Transfer from tax-exempt reserves | 789 | €7,758 | €7,758 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,053 | -€6,894 | -€2,841 | -70.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.