PICO Médical: 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.
PICO Médical
Largest movements
- Cash +€133,139
up €133,139 (+115%), from €115,765 to €248,904
mainly Net result for the year (+€188,520) and Depreciation (+€16,606)
- Current investments +€49,000
new in 2025: €49,000
- Receivables within one year +€20,603
up €20,603 (+8,303%), from €248 to €20,851
of which Other amounts receivable: +€20,603
- Tangible fixed assets -€8,044
down €8,044 (-16.9%), from €47,460 to €39,416
of which Furniture and vehicles: -€8,464
- Reserves +€188,520
up €188,520 (+117%), from €161,818 to €350,338
- Tax, wage and social debts +€7,095
up €7,095 (+60.3%), from €11,757 to €18,852
of which Taxes: +€7,095
- Gross operating margin +€108,001
up €108,001 (+59.0%), from €183,028 to €291,029
- Taxes +€33,491
up €33,491 (+65.0%), from €51,509 to €85,001
- Depreciation +€3,310
up €3,310 (+24.9%), from €13,296 to €16,606
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.
Derived cash bridge
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 | €183,681 | €380,264 | +€196,583 | +107% |
| Formation expenses | 20 | €3,201 | €2,327 | -€874 | -27.3% |
| Fixed assets | 21/28 | €47,460 | €39,416 | -€8,044 | -16.9% |
| Tangible fixed assets | 22/27 | €47,460 | €39,416 | -€8,044 | -16.9% |
| Plant, machinery and equipment | 23 | €403 | €823 | +€420 | +104% |
| Furniture and vehicles | 24 | €47,057 | €38,593 | -€8,464 | -18.0% |
| Current assets | 29/58 | €133,020 | €338,521 | +€205,501 | +154% |
| Amounts receivable within one year | 40/41 | €248 | €20,851 | +€20,603 | +8,303% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €248 | €20,851 | +€20,603 | +8,303% |
| Current investments | 50/53 | - | €49,000 | +€49,000 | |
| Cash at bank and in hand | 54/58 | €115,765 | €248,904 | +€133,139 | +115% |
| Deferred charges and accrued income | 490/1 | €17,007 | €19,766 | +€2,759 | +16.2% |
| Total equity and liabilities | 10/49 | €183,681 | €380,264 | +€196,583 | +107% |
| Equity | 10/15 | €169,818 | €358,338 | +€188,520 | +111% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €161,818 | €350,338 | +€188,520 | +117% |
| Distributable reserves | 133 | €161,818 | €350,338 | +€188,520 | +117% |
| Amounts payable | 17/49 | €13,863 | €21,926 | +€8,063 | +58.2% |
| Amounts payable within one year | 42/48 | €13,863 | €21,926 | +€8,063 | +58.2% |
| Trade debts | 44 | €1,645 | €2,698 | +€1,053 | +64.0% |
| Suppliers | 440/4 | €1,645 | €2,698 | +€1,053 | +64.0% |
| Taxes, remuneration and social security | 45 | €11,757 | €18,852 | +€7,095 | +60.3% |
| Taxes | 450/3 | €11,757 | €18,852 | +€7,095 | +60.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €461 | €377 | -€85 | -18.3% |
| Non-recurring operating income | 76A | - | €530 | +€530 | |
| Remuneration, social security and pensions | 62 | - | €390 | +€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,296 | €16,606 | +€3,310 | +24.9% |
| Other operating charges | 640/8 | €644 | €408 | -€236 | -36.6% |
| Gross operating margin | 9900 | €183,028 | €291,029 | +€108,001 | +59.0% |
| Operating profit (loss) | 9901 | €169,088 | €273,626 | +€104,537 | +61.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €5 | €105 | +€100 | +1,963% |
| Recurring financial charges | 65 | €5 | €105 | +€100 | +1,963% |
| Profit (loss) for the period before taxes | 9903 | €169,083 | €273,521 | +€104,437 | +61.8% |
| Income taxes | 67/77 | €51,509 | €85,001 | +€33,491 | +65.0% |
| Profit (loss) for the period | 9904 | €117,574 | €188,520 | +€70,946 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,574 | €188,520 | +€70,946 | +60.3% |
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 24 October 2026 via checked.be.