PICLA: 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.
PICLA
Largest movements
- Receivables within one year +€36,973
up €36,973 (+24.5%), from €151,202 to €188,175
- Cash +€26,278
up €26,278 (+13.6%), from €193,720 to €219,998
mainly Net result for the year (+€46,315) and Trade debts (+€26,267)
- Profit (loss) carried forward +€46,315
up €46,315 (+14.6%), from €316,425 to €362,740
- Trade debts +€26,267
up €26,267 (+31.2%), from €84,090 to €110,356
- Tax, wage and social debts -€9,371
down €9,371 (-16.4%), from €56,989 to €47,619
of which Taxes: -€5,464
- Debts after one year -€7,620
down €7,620 (-44.7%), from €17,034 to €9,413
- Gross operating margin +€37,146
up €37,146 (+52.9%), from €70,281 to €107,427
- Taxes +€8,215
up €8,215 (+86.8%), from €9,465 to €17,680
- Financial charges +€2,104
up €2,104 (+30.6%), from €6,885 to €8,989
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 | €504,228 | €564,530 | +€60,302 | +12.0% |
| Fixed assets | 21/28 | €10,279 | €8,645 | -€1,633 | -15.9% |
| Intangible fixed assets | 21 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Tangible fixed assets | 22/27 | €1,279 | €2,645 | +€1,367 | +106.9% |
| Furniture and vehicles | 24 | €1,279 | €877 | -€402 | -31.4% |
| Other tangible fixed assets | 26 | - | €1,769 | +€1,769 | |
| Current assets | 29/58 | €493,949 | €555,885 | +€61,935 | +12.5% |
| Stocks and contracts in progress | 3 | €149,028 | €146,710 | -€2,317 | -1.6% |
| Stocks | 30/36 | €149,028 | €146,710 | -€2,317 | -1.6% |
| Amounts receivable within one year | 40/41 | €151,202 | €188,175 | +€36,973 | +24.5% |
| Trade receivables | 40 | €151,202 | €188,175 | +€36,973 | +24.5% |
| Cash at bank and in hand | 54/58 | €193,720 | €219,998 | +€26,278 | +13.6% |
| Deferred charges and accrued income | 490/1 | - | €1,001 | +€1,001 | |
| Total equity and liabilities | 10/49 | €504,228 | €564,530 | +€60,302 | +12.0% |
| Equity | 10/15 | €336,885 | €383,200 | +€46,315 | +13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,425 | €362,740 | +€46,315 | +14.6% |
| Amounts payable | 17/49 | €167,343 | €181,330 | +€13,987 | +8.4% |
| Amounts payable after more than one year | 17 | €17,034 | €9,413 | -€7,620 | -44.7% |
| Financial debts | 170/4 | €17,034 | €9,413 | -€7,620 | -44.7% |
| Amounts payable within one year | 42/48 | €150,309 | €171,916 | +€21,607 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €7,229 | €7,620 | +€391 | +5.4% |
| Trade debts | 44 | €84,090 | €110,356 | +€26,267 | +31.2% |
| Suppliers | 440/4 | €84,090 | €110,356 | +€26,267 | +31.2% |
| Taxes, remuneration and social security | 45 | €56,989 | €47,619 | -€9,371 | -16.4% |
| Taxes | 450/3 | €53,083 | €47,619 | -€5,464 | -10.3% |
| Remuneration and social security | 454/9 | €3,906 | - | -€3,906 | |
| Other amounts payable | 47/48 | €2,001 | €6,321 | +€4,320 | +215.9% |
| Remuneration, social security and pensions | 62 | €6,686 | €7,152 | +€465 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,942 | €4,173 | +€231 | +5.9% |
| Other operating charges | 640/8 | €1,441 | €878 | -€563 | -39.1% |
| Non-recurring operating charges | 66A | €15,000 | €22,240 | +€7,240 | +48.3% |
| Gross operating margin | 9900 | €70,281 | €107,427 | +€37,146 | +52.9% |
| Operating profit (loss) | 9901 | €43,212 | €72,984 | +€29,772 | +68.9% |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Financial charges | 65/66B | €6,885 | €8,989 | +€2,104 | +30.6% |
| Recurring financial charges | 65 | €6,885 | €8,989 | +€2,104 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €36,431 | €63,995 | +€27,565 | +75.7% |
| Income taxes | 67/77 | €9,465 | €17,680 | +€8,215 | +86.8% |
| Profit (loss) for the period | 9904 | €26,966 | €46,315 | +€19,349 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,966 | €46,315 | +€19,349 | +71.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.