Pickles Agency: what changed
What changed
Pickles Agency
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
-€130,059
2024 · €30,732-€160,791
Equity
-€426,353
2024 · -€296,294-€130,059
Cash
€7,765
2024 · €5,589+€2,176
Balance sheet total
€196,707
2024 · €231,632-€34,925
Largest movements
Assets
- Receivables within one year -€45,448
down €45,448 (-21.7%), from €209,693 to €164,245
of which Other amounts receivable: -€40,648
- Tangible fixed assets +€3,576
up €3,576 (+169%), from €2,121 to €5,697
- Deferred charges and accrued income +€3,159
up €3,159 (+88.5%), from €3,570 to €6,729
Equity and liabilities
- Profit (loss) carried forward -€130,059
down €130,059 (-36.1%), from -€360,154 to -€490,213
- Tax, wage and social debts +€34,009
up €34,009 (+110%), from €30,924 to €64,933
of which Remuneration and social security: +€33,213
- Other debts +€31,588
up €31,588 (+7.3%), from €431,532 to €463,120
- Trade debts +€29,503
up €29,503 (+45.1%), from €65,469 to €94,972
Income statement
- Turnover +€457,110
up €457,110 (+101%), from €450,794 to €907,904
- Staff costs +€264,861
up €264,861 (+124%), from €213,102 to €477,963
- Purchases and services +€222,740
up €222,740 (+72.9%), from €305,666 to €528,406
- Gross operating margin +€123,228
up €123,228 (+46.3%), from €266,211 to €389,439
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€30,732
Gross operating margin
+€123,228
Staff costs
-€264,861
Depreciation
-€6,114
Write-downs
-€34
Other operating charges
-€1,086
Other operating items
-€1,003
Financial income
+€0
Financial charges
-€8,378
Taxes
-€2,543
Result 2025
-€130,059
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€14,448
Investment
-€12,272
Financing
€0
Cash 2024
€5,589
From operations (derived)
+€14,448
Net result for the year
-€130,059
Depreciation
+€7,084
Receivables within one year
+€45,448
Deferred charges and accrued income
-€3,159
Provisions
+€34
Trade debts
+€29,503
Tax, wage and social debts
+€34,009
Other debts
+€31,588
Investment (derived)
-€12,272
Investment in fixed assets (net)
-€12,272
Cash 2025
€7,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,632 | €196,707 | -€34,925 | -15.1% |
| Fixed assets | 21/28 | €12,780 | €17,968 | +€5,188 | +40.6% |
| Intangible fixed assets | 21 | €10,660 | €12,271 | +€1,611 | +15.1% |
| Tangible fixed assets | 22/27 | €2,121 | €5,697 | +€3,576 | +169% |
| Plant, machinery and equipment | 23 | €2,121 | €5,697 | +€3,576 | +169% |
| Current assets | 29/58 | €218,852 | €178,739 | -€40,113 | -18.3% |
| Amounts receivable within one year | 40/41 | €209,693 | €164,245 | -€45,448 | -21.7% |
| Trade receivables | 40 | €169,045 | €164,245 | -€4,800 | -2.8% |
| Other amounts receivable | 41 | €40,648 | - | -€40,648 | |
| Cash at bank and in hand | 54/58 | €5,589 | €7,765 | +€2,176 | +38.9% |
| Deferred charges and accrued income | 490/1 | €3,570 | €6,729 | +€3,159 | +88.5% |
| Total equity and liabilities | 10/49 | €231,632 | €196,707 | -€34,925 | -15.1% |
| Equity | 10/15 | -€296,294 | -€426,353 | -€130,059 | -43.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€360,154 | -€490,213 | -€130,059 | -36.1% |
| Provisions and deferred taxes | 16 | - | €34 | +€34 | |
| Provisions for liabilities and charges | 160/5 | - | €34 | +€34 | |
| Pensions and similar obligations | 160 | - | €34 | +€34 | |
| Amounts payable | 17/49 | €527,926 | €623,026 | +€95,100 | +18.0% |
| Amounts payable within one year | 42/48 | €527,926 | €623,026 | +€95,100 | +18.0% |
| Trade debts | 44 | €65,469 | €94,972 | +€29,503 | +45.1% |
| Suppliers | 440/4 | €65,469 | €94,972 | +€29,503 | +45.1% |
| Taxes, remuneration and social security | 45 | €30,924 | €64,933 | +€34,009 | +110% |
| Taxes | 450/3 | €8,633 | €9,429 | +€796 | +9.2% |
| Remuneration and social security | 454/9 | €22,291 | €55,504 | +€33,213 | +149% |
| Other amounts payable | 47/48 | €431,532 | €463,120 | +€31,588 | +7.3% |
| Turnover | 70 | €450,794 | €907,904 | +€457,110 | +101% |
| Non-recurring operating income | 76A | €100,000 | - | -€100,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €305,666 | €528,406 | +€222,740 | +72.9% |
| Remuneration, social security and pensions | 62 | €213,102 | €477,963 | +€264,861 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €971 | €7,084 | +€6,114 | +630% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34 | +€34 | |
| Other operating charges | 640/8 | €1,925 | €3,011 | +€1,086 | +56.4% |
| Non-recurring operating charges | 66A | - | €1,003 | +€1,003 | |
| Gross operating margin | 9900 | €266,211 | €389,439 | +€123,228 | +46.3% |
| Operating profit (loss) | 9901 | €50,212 | -€99,657 | -€149,870 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €20,975 | €29,353 | +€8,378 | +39.9% |
| Recurring financial charges | 65 | €20,975 | €29,353 | +€8,378 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €29,237 | -€129,011 | -€158,248 | |
| Income taxes | 67/77 | -€1,494 | €1,049 | +€2,543 | |
| Profit (loss) for the period | 9904 | €30,732 | -€130,059 | -€160,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,732 | -€130,059 | -€160,791 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.