PICKING - LOCK: 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.
PICKING - LOCK
Largest movements
- Stocks and contracts -€578,168
down €578,168 (-100%), from €578,168 to €0
- Cash +€144,326
up €144,326 (+707%), from €20,427 to €164,753
mainly Stocks and contracts (+€578,168) and Tax, wage and social debts (+€99,339)
- Tangible fixed assets -€46,171
down €46,171 (-98.4%), from €46,920 to €749
of which Land and buildings: -€26,933
- Debts after one year -€547,000
down €547,000 (-100%), from €547,000 to €0
of which Financial debts: -€315,000
- Other debts -€113,917
down €113,917 (-96.3%), from €118,354 to €4,437
- Tax, wage and social debts +€99,339
up €99,339 (+296%), from €33,523 to €132,861
of which Taxes: +€115,795
- Profit (loss) carried forward +€79,591
up €79,591 (+62.1%), from -€128,170 to -€48,579
- Staff costs -€69,836
down €69,836 (-50.8%), from €137,455 to €67,619
- Financial charges -€17,811
down €17,811 (-61.6%), from €28,922 to €11,111
- Depreciation -€14,118
down €14,118 (-96.8%), from €14,592 to €474
- Gross operating margin +€13,090
up €13,090 (+8.7%), from €150,785 to €163,874
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 | €698,240 | €210,389 | -€487,852 | -69.9% |
| Fixed assets | 21/28 | €52,809 | €2,562 | -€50,247 | -95.1% |
| Tangible fixed assets | 22/27 | €46,920 | €749 | -€46,171 | -98.4% |
| Land and buildings | 22 | €26,933 | €0 | -€26,933 | -100% |
| Plant, machinery and equipment | 23 | €7,512 | €749 | -€6,763 | -90.0% |
| Furniture and vehicles | 24 | €12,475 | €0 | -€12,475 | -100% |
| Financial fixed assets | 28 | €5,890 | €1,814 | -€4,076 | -69.2% |
| Current assets | 29/58 | €645,431 | €207,826 | -€437,604 | -67.8% |
| Stocks and contracts in progress | 3 | €578,168 | €0 | -€578,168 | -100% |
| Stocks | 30/36 | €578,168 | €0 | -€578,168 | -100% |
| Amounts receivable within one year | 40/41 | €41,167 | €39,483 | -€1,684 | -4.1% |
| Trade receivables | 40 | €36,542 | €10,259 | -€26,284 | -71.9% |
| Other amounts receivable | 41 | €4,625 | €29,225 | +€24,600 | +532% |
| Cash at bank and in hand | 54/58 | €20,427 | €164,753 | +€144,326 | +707% |
| Deferred charges and accrued income | 490/1 | €5,669 | €3,590 | -€2,079 | -36.7% |
| Total equity and liabilities | 10/49 | €698,240 | €210,389 | -€487,852 | -69.9% |
| Equity | 10/15 | -€7,360 | €70,355 | +€77,715 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €98,933 | €98,933 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,486 | €12,486 | = | 0.0% |
| Distributable reserves | 133 | €86,448 | €86,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€128,170 | -€48,579 | +€79,591 | +62.1% |
| Investment grants | 15 | €1,876 | €0 | -€1,876 | -100% |
| Amounts payable | 17/49 | €705,600 | €140,034 | -€565,566 | -80.2% |
| Amounts payable after more than one year | 17 | €547,000 | €0 | -€547,000 | -100% |
| Financial debts | 170/4 | €315,000 | €0 | -€315,000 | -100% |
| Other amounts payable | 178/9 | €232,000 | €0 | -€232,000 | -100% |
| Amounts payable within one year | 42/48 | €158,600 | €140,034 | -€18,566 | -11.7% |
| Trade debts | 44 | €6,724 | €2,736 | -€3,988 | -59.3% |
| Suppliers | 440/4 | €6,724 | €2,736 | -€3,988 | -59.3% |
| Taxes, remuneration and social security | 45 | €33,523 | €132,861 | +€99,339 | +296% |
| Taxes | 450/3 | €12,157 | €127,952 | +€115,795 | +952% |
| Remuneration and social security | 454/9 | €21,365 | €4,909 | -€16,456 | -77.0% |
| Other amounts payable | 47/48 | €118,354 | €4,437 | -€113,917 | -96.3% |
| Non-recurring operating income | 76A | €0 | €109,407 | +€109,407 | |
| Remuneration, social security and pensions | 62 | €137,455 | €67,619 | -€69,836 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,592 | €474 | -€14,118 | -96.8% |
| Other operating charges | 640/8 | €7,112 | €7,391 | +€279 | +3.9% |
| Gross operating margin | 9900 | €150,785 | €163,874 | +€13,090 | +8.7% |
| Operating profit (loss) | 9901 | -€8,374 | €88,391 | +€96,765 | |
| Financial income | 75/76B | €848 | €2,312 | +€1,463 | +172% |
| Recurring financial income | 75 | €848 | €2,312 | +€1,463 | +172% |
| Financial charges | 65/66B | €28,922 | €11,111 | -€17,811 | -61.6% |
| Recurring financial charges | 65 | €28,922 | €11,111 | -€17,811 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,448 | €79,591 | +€116,039 | |
| Profit (loss) for the period | 9904 | -€36,448 | €79,591 | +€116,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,448 | €79,591 | +€116,039 |
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 27 October 2026 via checked.be.