PICKAVET INDUSTRIES CONSTRUCT: 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.
PICKAVET INDUSTRIES CONSTRUCT
Largest movements
- Tangible fixed assets -€159,414
down €159,414 (-12.0%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€142,482
- Cash -€140,865
down €140,865 (-32.7%), from €430,552 to €289,687
mainly Debts after one year (-€329,302) and Stocks and contracts (-€101,722)
- Stocks and contracts +€101,722
up €101,722 (+187%), from €54,387 to €156,109
of which Contracts in progress: +€104,442
- Debts after one year -€329,302
down €329,302 (-45.4%), from €725,770 to €396,468
- Reserves +€68,869
up €68,869 (+7.3%), from €943,156 to €1.0m
of which Distributable reserves: +€68,869
- Trade debts +€48,753
up €48,753 (+50.4%), from €96,662 to €145,414
- Staff costs -€56,612
down €56,612 (-32.7%), from €173,257 to €116,645
- Depreciation +€15,881
up €15,881 (+7.7%), from €205,267 to €221,148
- Gross operating margin -€9,651
down €9,651 (-2.0%), from €477,317 to €467,665
- Financial charges +€9,308
up €9,308 (+37.8%), from €24,635 to €33,944
- Taxes +€9,020
up €9,020 (+57.8%), from €15,611 to €24,630
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 | €2,121,495 | €1,906,146 | -€215,350 | -10.2% |
| Fixed assets | 21/28 | €1,330,064 | €1,174,428 | -€155,636 | -11.7% |
| Intangible fixed assets | 21 | - | €3,778 | +€3,778 | |
| Tangible fixed assets | 22/27 | €1,330,064 | €1,170,650 | -€159,414 | -12.0% |
| Land and buildings | 22 | €549,614 | €520,142 | -€29,472 | -5.4% |
| Plant, machinery and equipment | 23 | €646,852 | €504,370 | -€142,482 | -22.0% |
| Furniture and vehicles | 24 | €105,805 | €120,836 | +€15,031 | +14.2% |
| Other tangible fixed assets | 26 | €27,793 | €25,302 | -€2,491 | -9.0% |
| Current assets | 29/58 | €791,431 | €731,718 | -€59,713 | -7.5% |
| Stocks and contracts in progress | 3 | €54,387 | €156,109 | +€101,722 | +187% |
| Stocks | 30/36 | €54,387 | €51,668 | -€2,719 | -5.0% |
| Contracts in progress | 37 | €0 | €104,442 | +€104,442 | |
| Amounts receivable within one year | 40/41 | €238,789 | €218,126 | -€20,663 | -8.7% |
| Trade receivables | 40 | €224,370 | €218,126 | -€6,244 | -2.8% |
| Other amounts receivable | 41 | €14,419 | €0 | -€14,419 | -100% |
| Current investments | 50/53 | €59,140 | €59,140 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €430,552 | €289,687 | -€140,865 | -32.7% |
| Deferred charges and accrued income | 490/1 | €8,563 | €8,656 | +€93 | +1.1% |
| Total equity and liabilities | 10/49 | €2,121,495 | €1,906,146 | -€215,350 | -10.2% |
| Equity | 10/15 | €1,143,156 | €1,212,025 | +€68,869 | +6.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €943,156 | €1,012,025 | +€68,869 | +7.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €943,156 | €1,012,025 | +€68,869 | +7.3% |
| Amounts payable | 17/49 | €978,339 | €694,120 | -€284,219 | -29.1% |
| Amounts payable after more than one year | 17 | €725,770 | €396,468 | -€329,302 | -45.4% |
| Financial debts | 170/4 | €725,770 | €396,468 | -€329,302 | -45.4% |
| Amounts payable within one year | 42/48 | €252,569 | €286,620 | +€34,051 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €115,923 | €108,708 | -€7,215 | -6.2% |
| Trade debts | 44 | €96,662 | €145,414 | +€48,753 | +50.4% |
| Suppliers | 440/4 | €96,662 | €145,414 | +€48,753 | +50.4% |
| Taxes, remuneration and social security | 45 | €39,984 | €32,497 | -€7,486 | -18.7% |
| Taxes | 450/3 | €21,510 | €20,024 | -€1,485 | -6.9% |
| Remuneration and social security | 454/9 | €18,474 | €12,473 | -€6,001 | -32.5% |
| Accrued charges and deferred income | 492/3 | €0 | €11,032 | +€11,032 | |
| Non-recurring operating income | 76A | €51,000 | €413 | -€50,587 | -99.2% |
| Remuneration, social security and pensions | 62 | €173,257 | €116,645 | -€56,612 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,267 | €221,148 | +€15,881 | +7.7% |
| Other operating charges | 640/8 | €12,624 | €10,220 | -€2,405 | -19.0% |
| Gross operating margin | 9900 | €477,317 | €467,665 | -€9,651 | -2.0% |
| Operating profit (loss) | 9901 | €86,168 | €119,653 | +€33,484 | +38.9% |
| Financial income | 75/76B | €4,376 | €7,790 | +€3,414 | +78.0% |
| Recurring financial income | 75 | €4,376 | €7,790 | +€3,414 | +78.0% |
| Financial charges | 65/66B | €24,635 | €33,944 | +€9,308 | +37.8% |
| Recurring financial charges | 65 | €24,635 | €33,944 | +€9,308 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €65,910 | €93,499 | +€27,590 | +41.9% |
| Income taxes | 67/77 | €15,611 | €24,630 | +€9,020 | +57.8% |
| Profit (loss) for the period | 9904 | €50,299 | €68,869 | +€18,570 | +36.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,299 | €68,869 | +€18,570 | +36.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.