Pick-It: 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.
Pick-It
Largest movements
- Receivables within one year +€213,594
up €213,594 (+28.1%), from €761,425 to €975,019
of which Other amounts receivable: +€239,667
- Cash +€188,113
up €188,113 (+61.8%), from €304,364 to €492,477
mainly Contributions, distributions and other (+€1.6m) and Debts after one year (+€246,463)
- Intangible fixed assets +€87,012
up €87,012 (+227.6%), from €38,223 to €125,235
- Stocks and contracts +€69,705
up €69,705 (+9.5%), from €730,064 to €799,769
- Deferred charges and accrued income +€39,464
up €39,464 (+87.3%), from €45,179 to €84,643
- Contributions +€867,710
up €867,710 (+169.3%), from €512,431 to €1.4m
- Profit (loss) carried forward -€376,319
down €376,319 (-52.0%), from -€723,266 to -€1.1m
- Short-term financial debts -€250,000
down €250,000 (-38.5%), from €650,000 to €400,000
- Debts after one year +€246,463
up €246,463 (+32.7%), from €753,537 to €1.0m
- Other debts +€59,989
up €59,989 (+2196.8%), from €2,731 to €62,719
- Gross operating margin -€286,267
down €286,267 (-43.5%), from €657,821 to €371,554
- Staff costs +€185,535
up €185,535 (+16.3%), from €1.1m to €1.3m
- Financial charges +€10,330
up €10,330 (+10.3%), from €100,485 to €110,815
- Write-downs -€6,951
down €6,951 (-68.0%), from €10,223 to €3,272
- Financial income +€6,606
up €6,606 (+34.8%), from €19,000 to €25,606
of which Non-recurring financial income: +€3,716
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
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 | €2,023,412 | €2,609,776 | +€586,364 | +29.0% |
| Fixed assets | 21/28 | €157,380 | €232,869 | +€75,488 | +48.0% |
| Intangible fixed assets | 21 | €38,223 | €125,235 | +€87,012 | +227.6% |
| Tangible fixed assets | 22/27 | €53,156 | €41,632 | -€11,524 | -21.7% |
| Plant, machinery and equipment | 23 | €24,297 | €20,919 | -€3,378 | -13.9% |
| Furniture and vehicles | 24 | €7,839 | €9,035 | +€1,196 | +15.3% |
| Leasing and similar rights | 25 | €21,020 | €11,678 | -€9,342 | -44.4% |
| Financial fixed assets | 28 | €66,001 | €66,001 | = | 0.0% |
| Current assets | 29/58 | €1,866,032 | €2,376,908 | +€510,875 | +27.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €730,064 | €799,769 | +€69,705 | +9.5% |
| Stocks | 30/36 | €730,064 | €799,769 | +€69,705 | +9.5% |
| Amounts receivable within one year | 40/41 | €761,425 | €975,019 | +€213,594 | +28.1% |
| Trade receivables | 40 | €380,088 | €354,015 | -€26,073 | -6.9% |
| Other amounts receivable | 41 | €381,337 | €621,004 | +€239,667 | +62.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €304,364 | €492,477 | +€188,113 | +61.8% |
| Deferred charges and accrued income | 490/1 | €45,179 | €84,643 | +€39,464 | +87.3% |
| Total equity and liabilities | 10/49 | €2,023,412 | €2,609,776 | +€586,364 | +29.0% |
| Equity | 10/15 | -€210,836 | €280,555 | +€491,391 | |
| Contributions | 10/11 | €512,431 | €1,380,140 | +€867,710 | +169.3% |
| Capital | 10 | €512,431 | €1,380,140 | +€867,710 | +169.3% |
| Issued capital | 100 | €512,431 | €1,380,140 | +€867,710 | +169.3% |
| Profit (loss) carried forward | 14 | -€723,266 | -€1,099,586 | -€376,319 | -52.0% |
| Amounts payable | 17/49 | €2,234,248 | €2,329,221 | +€94,973 | +4.3% |
| Amounts payable after more than one year | 17 | €753,537 | €1,000,000 | +€246,463 | +32.7% |
| Financial debts | 170/4 | €753,537 | €1,000,000 | +€246,463 | +32.7% |
| Amounts payable within one year | 42/48 | €1,449,723 | €1,308,849 | -€140,874 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €145,494 | €164,523 | +€19,029 | +13.1% |
| Financial debts | 43 | €650,000 | €400,000 | -€250,000 | -38.5% |
| Credit institutions | 430/8 | €650,000 | €400,000 | -€250,000 | -38.5% |
| Trade debts | 44 | €486,294 | €525,682 | +€39,387 | +8.1% |
| Suppliers | 440/4 | €486,294 | €525,682 | +€39,387 | +8.1% |
| Advances received on contracts in progress | 46 | €53,844 | €13,356 | -€40,487 | -75.2% |
| Taxes, remuneration and social security | 45 | €111,360 | €142,569 | +€31,209 | +28.0% |
| Taxes | 450/3 | €1,827 | €13,151 | +€11,323 | +619.6% |
| Remuneration and social security | 454/9 | €109,533 | €129,418 | +€19,885 | +18.2% |
| Other amounts payable | 47/48 | €2,731 | €62,719 | +€59,989 | +2196.8% |
| Accrued charges and deferred income | 492/3 | €30,988 | €20,372 | -€10,616 | -34.3% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €1,136,024 | €1,321,558 | +€185,535 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,435 | €41,847 | +€5,412 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,223 | €3,272 | -€6,951 | -68.0% |
| Other operating charges | 640/8 | €7,024 | €13,042 | +€6,018 | +85.7% |
| Non-recurring operating charges | 66A | €10,000 | €0 | -€10,000 | -100.0% |
| Gross operating margin | 9900 | €657,821 | €371,554 | -€286,267 | -43.5% |
| Operating profit (loss) | 9901 | -€541,886 | -€1,008,166 | -€466,280 | -86.0% |
| Financial income | 75/76B | €19,000 | €25,606 | +€6,606 | +34.8% |
| Recurring financial income | 75 | €19,000 | €21,889 | +€2,890 | +15.2% |
| Non-recurring financial income | 76B | - | €3,716 | +€3,716 | |
| Financial charges | 65/66B | €100,485 | €110,815 | +€10,330 | +10.3% |
| Recurring financial charges | 65 | €100,485 | €110,815 | +€10,330 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | -€623,371 | -€1,093,375 | -€470,004 | -75.4% |
| Income taxes | 67/77 | €781 | €6,211 | +€5,430 | +695.2% |
| Profit (loss) for the period | 9904 | -€624,152 | -€1,099,586 | -€475,434 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€624,152 | -€1,099,586 | -€475,434 | -76.2% |
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 7 October 2026 via checked.be.