PICO: 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.
PICO
Largest movements
- Receivables within one year +€2,207
new in 2025: €2,207
- Tangible fixed assets -€2,086
down €2,086 (-3.0%), from €70,133 to €68,047
- Profit (loss) carried forward +€5,228
up €5,228 (+2.8%), from -€188,299 to -€183,071
- Other debts -€4,453
down €4,453 (-100.0%), from €4,453 to €0
- Gross operating margin +€1,049
up €1,049 (+14.4%), from €7,300 to €8,350
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 | €73,104 | €73,937 | +€834 | +1.1% |
| Fixed assets | 21/28 | €70,133 | €68,047 | -€2,086 | -3.0% |
| Tangible fixed assets | 22/27 | €70,133 | €68,047 | -€2,086 | -3.0% |
| Land and buildings | 22 | €70,133 | €68,047 | -€2,086 | -3.0% |
| Current assets | 29/58 | €2,971 | €5,890 | +€2,919 | +98.3% |
| Amounts receivable within one year | 40/41 | - | €2,207 | +€2,207 | |
| Other amounts receivable | 41 | - | €2,207 | +€2,207 | |
| Cash at bank and in hand | 54/58 | €2,971 | €3,070 | +€99 | +3.3% |
| Deferred charges and accrued income | 490/1 | - | €614 | +€614 | |
| Total equity and liabilities | 10/49 | €73,104 | €73,937 | +€834 | +1.1% |
| Equity | 10/15 | €67,901 | €73,129 | +€5,228 | +7.7% |
| Contributions | 10/11 | €256,200 | €256,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,299 | -€183,071 | +€5,228 | +2.8% |
| Amounts payable | 17/49 | €5,202 | €808 | -€4,394 | -84.5% |
| Amounts payable within one year | 42/48 | €5,202 | €808 | -€4,394 | -84.5% |
| Trade debts | 44 | €749 | €808 | +€59 | +7.9% |
| Suppliers | 440/4 | €749 | €808 | +€59 | +7.9% |
| Other amounts payable | 47/48 | €4,453 | €0 | -€4,453 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,086 | €2,086 | = | 0.0% |
| Other operating charges | 640/8 | €1,021 | €1,051 | +€30 | +3.0% |
| Gross operating margin | 9900 | €7,300 | €8,350 | +€1,049 | +14.4% |
| Operating profit (loss) | 9901 | €4,194 | €5,213 | +€1,019 | +24.3% |
| Financial income | 75/76B | - | €60 | +€60 | |
| Recurring financial income | 75 | - | €60 | +€60 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €4,150 | €5,228 | +€1,077 | +26.0% |
| Profit (loss) for the period | 9904 | €4,150 | €5,228 | +€1,077 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,150 | €5,228 | +€1,077 | +26.0% |
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 29 September 2026 via checked.be.