PICKOT: 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.
PICKOT
Largest movements
- Tangible fixed assets +€30,802
up €30,802 (+546.1%), from €5,640 to €36,443
- Receivables within one year -€28,915
down €28,915 (-20.2%), from €142,947 to €114,032
of which Other amounts receivable: -€40,459
- Cash +€17,861
up €17,861 (+646.8%), from €2,761 to €20,623
mainly Net result for the year (+€56,390) and Receivables within one year (+€28,915)
- Debts after one year +€24,848
up €24,848 (+72.0%), from €34,529 to €59,377
- Current portion of long-term debt -€4,500
down €4,500 (-26.1%), from €17,256 to €12,756
- Tax, wage and social debts -€3,477
down €3,477 (-100.0%), from €3,477 to €0
- Short-term financial debts +€2,930
up €2,930 (+14.3%), from €20,431 to €23,361
- Other debts +€2,490
up €2,490 (+99.9%), from €2,492 to €4,983
- Gross operating margin +€36,997
up €36,997 (+55.0%), from €67,320 to €104,317
- Financial charges +€8,341
up €8,341 (+105.0%), from €7,947 to €16,288
- Depreciation +€5,774
up €5,774 (+310.9%), from €1,857 to €7,631
- Financial income -€5,312
down €5,312 (-74.2%), from €7,159 to €1,847
- Taxes +€4,475
up €4,475 (+22.6%), from €19,805 to €24,280
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 | €221,362 | €240,276 | +€18,914 | +8.5% |
| Fixed assets | 21/28 | €63,540 | €94,343 | +€30,802 | +48.5% |
| Tangible fixed assets | 22/27 | €5,640 | €36,443 | +€30,802 | +546.1% |
| Furniture and vehicles | 24 | €5,640 | €36,443 | +€30,802 | +546.1% |
| Financial fixed assets | 28 | €57,900 | €57,900 | = | 0.0% |
| Current assets | 29/58 | €157,822 | €145,934 | -€11,889 | -7.5% |
| Amounts receivable within one year | 40/41 | €142,947 | €114,032 | -€28,915 | -20.2% |
| Trade receivables | 40 | €11,675 | €23,218 | +€11,543 | +98.9% |
| Other amounts receivable | 41 | €131,272 | €90,813 | -€40,459 | -30.8% |
| Current investments | 50/53 | €11,000 | €11,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,761 | €20,623 | +€17,861 | +646.8% |
| Deferred charges and accrued income | 490/1 | €1,113 | €279 | -€835 | -75.0% |
| Total equity and liabilities | 10/49 | €221,362 | €240,276 | +€18,914 | +8.5% |
| Equity | 10/15 | €139,186 | €137,441 | -€1,745 | -1.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €126,686 | €124,941 | -€1,745 | -1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,826 | €123,081 | -€1,745 | -1.4% |
| Amounts payable | 17/49 | €82,176 | €102,835 | +€20,659 | +25.1% |
| Amounts payable after more than one year | 17 | €34,529 | €59,377 | +€24,848 | +72.0% |
| Financial debts | 170/4 | €34,529 | €59,377 | +€24,848 | +72.0% |
| Amounts payable within one year | 42/48 | €47,647 | €43,458 | -€4,189 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €17,256 | €12,756 | -€4,500 | -26.1% |
| Financial debts | 43 | €20,431 | €23,361 | +€2,930 | +14.3% |
| Credit institutions | 430/8 | €20,431 | €23,361 | +€2,930 | +14.3% |
| Trade debts | 44 | €3,991 | €2,358 | -€1,632 | -40.9% |
| Suppliers | 440/4 | €3,991 | €2,358 | -€1,632 | -40.9% |
| Taxes, remuneration and social security | 45 | €3,477 | €0 | -€3,477 | -100.0% |
| Taxes | 450/3 | €3,477 | €0 | -€3,477 | -100.0% |
| Other amounts payable | 47/48 | €2,492 | €4,983 | +€2,490 | +99.9% |
| Non-recurring operating income | 76A | - | €16,846 | +€16,846 | |
| Remuneration, social security and pensions | 62 | €111 | €6 | -€106 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,857 | €7,631 | +€5,774 | +310.9% |
| Other operating charges | 640/8 | €54 | €1,569 | +€1,515 | +2812.5% |
| Gross operating margin | 9900 | €67,320 | €104,317 | +€36,997 | +55.0% |
| Operating profit (loss) | 9901 | €65,298 | €95,111 | +€29,814 | +45.7% |
| Financial income | 75/76B | €7,159 | €1,847 | -€5,312 | -74.2% |
| Recurring financial income | 75 | €7,159 | €1,847 | -€5,312 | -74.2% |
| Financial charges | 65/66B | €7,947 | €16,288 | +€8,341 | +105.0% |
| Recurring financial charges | 65 | €7,947 | €16,288 | +€8,341 | +105.0% |
| Profit (loss) for the period before taxes | 9903 | €64,509 | €80,670 | +€16,161 | +25.1% |
| Income taxes | 67/77 | €19,805 | €24,280 | +€4,475 | +22.6% |
| Profit (loss) for the period | 9904 | €44,704 | €56,390 | +€11,686 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,704 | €56,390 | +€11,686 | +26.1% |
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 5 October 2026 via checked.be.