PICKY: 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.
PICKY
Largest movements
- Intangible fixed assets -€1.6m
down €1.6m (-58.1%), from €2.8m to €1.2m
- Receivables within one year +€223,729
up €223,729 (+108.4%), from €206,305 to €430,034
of which Trade receivables: +€217,155
- Cash -€33,136
down €33,136 (-27.4%), from €120,851 to €87,715
mainly Other debts (-€1.1m) and Net result for the year (-€974,669)
- Profit (loss) carried forward -€1.5m
down €1.5m (-352.5%), from -€428,900 to -€1.9m
- Other debts -€1.1m
down €1.1m (-50.0%), from €2.2m to €1.1m
- Contributions +€1.1m
up €1.1m (+83.1%), from €1.3m to €2.4m
- Trade debts +€98,478
up €98,478 (+171.4%), from €57,467 to €155,944
- Depreciation +€538,376
up €538,376 (+97.4%), from €553,011 to €1.1m
- Gross operating margin -€58,694
down €58,694 (-24.3%), from €241,068 to €182,374
- Staff costs +€30,929
up €30,929 (+23010.6%), from €134 to €31,063
- Taxes +€4,035
up €4,035 (+13.7%), from €29,400 to €33,435
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 | €3,131,169 | €1,697,716 | -€1.4m | -45.8% |
| Fixed assets | 21/28 | €2,802,496 | €1,177,536 | -€1.6m | -58.0% |
| Intangible fixed assets | 21 | €2,798,768 | €1,172,561 | -€1.6m | -58.1% |
| Tangible fixed assets | 22/27 | €3,728 | €4,976 | +€1,248 | +33.5% |
| Furniture and vehicles | 24 | €3,728 | €4,976 | +€1,248 | +33.5% |
| Current assets | 29/58 | €328,673 | €520,180 | +€191,507 | +58.3% |
| Amounts receivable within one year | 40/41 | €206,305 | €430,034 | +€223,729 | +108.4% |
| Trade receivables | 40 | €206,305 | €423,460 | +€217,155 | +105.3% |
| Other amounts receivable | 41 | - | €6,574 | +€6,574 | |
| Cash at bank and in hand | 54/58 | €120,851 | €87,715 | -€33,136 | -27.4% |
| Deferred charges and accrued income | 490/1 | €1,517 | €2,431 | +€914 | +60.2% |
| Total equity and liabilities | 10/49 | €3,131,169 | €1,697,716 | -€1.4m | -45.8% |
| Equity | 10/15 | €863,514 | €426,052 | -€437,462 | -50.7% |
| Contributions | 10/11 | €1,292,414 | €2,366,829 | +€1.1m | +83.1% |
| Profit (loss) carried forward | 14 | -€428,900 | -€1,940,776 | -€1.5m | -352.5% |
| Amounts payable | 17/49 | €2,267,655 | €1,271,664 | -€995,991 | -43.9% |
| Amounts payable within one year | 42/48 | €2,267,589 | €1,271,197 | -€996,392 | -43.9% |
| Trade debts | 44 | €57,467 | €155,944 | +€98,478 | +171.4% |
| Suppliers | 440/4 | €57,467 | €155,944 | +€98,478 | +171.4% |
| Taxes, remuneration and social security | 45 | €59,780 | €39,336 | -€20,444 | -34.2% |
| Taxes | 450/3 | €59,780 | €37,081 | -€22,699 | -38.0% |
| Remuneration and social security | 454/9 | - | €2,255 | +€2,255 | |
| Other amounts payable | 47/48 | €2,150,343 | €1,075,917 | -€1.1m | -50.0% |
| Accrued charges and deferred income | 492/3 | €66 | €467 | +€401 | +610.4% |
| Remuneration, social security and pensions | 62 | €134 | €31,063 | +€30,929 | +23010.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €553,011 | €1,091,387 | +€538,376 | +97.4% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €241,068 | €182,374 | -€58,694 | -24.3% |
| Operating profit (loss) | 9901 | -€312,606 | -€940,621 | -€628,015 | -200.9% |
| Financial income | 75/76B | €85 | €25 | -€60 | -70.4% |
| Recurring financial income | 75 | €85 | €25 | -€60 | -70.4% |
| Financial charges | 65/66B | €84 | €639 | +€555 | +660.2% |
| Recurring financial charges | 65 | €84 | €639 | +€555 | +660.2% |
| Profit (loss) for the period before taxes | 9903 | -€312,605 | -€941,235 | -€628,629 | -201.1% |
| Income taxes | 67/77 | €29,400 | €33,435 | +€4,035 | +13.7% |
| Profit (loss) for the period | 9904 | -€342,005 | -€974,669 | -€632,665 | -185.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€342,005 | -€974,669 | -€632,665 | -185.0% |
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 9 October 2026 via checked.be.