PICOBELLO HOLDING: 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.
PICOBELLO HOLDING
Largest movements
- Stocks and contracts -€7.7m
down €7.7m (-100%), from €7.7m to €0
- Tangible fixed assets -€1.7m
down €1.7m (-88.9%), from €1.9m to €210,694
of which Land and buildings: -€1.9m
- Short-term financial debts -€9.4m
down €9.4m (-100%), from €9.4m to €0
- Other debts -€1.2m
down €1.2m (-92.0%), from €1.3m to €106,383
- Debts after one year +€848,143
up €848,143 (+236%), from €359,428 to €1.2m
- Profit (loss) carried forward +€349,693
up €349,693 (+79.1%), from -€441,928 to -€92,235
- Gross operating margin +€1.9m
up €1.9m (+1,081%), from €176,414 to €2.1m
- Depreciation +€1.7m
up €1.7m (+8,679%), from €19,233 to €1.7m
- Financial charges -€223,583
down €223,583 (-42.7%), from €524,088 to €300,505
- Financial income +€117,783
up €117,783 (+83.6%), from €140,955 to €258,739
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 | €10,937,084 | €1,596,907 | -€9.3m | -85.4% |
| Fixed assets | 21/28 | €3,172,703 | €1,484,265 | -€1.7m | -53.2% |
| Tangible fixed assets | 22/27 | €1,899,132 | €210,694 | -€1.7m | -88.9% |
| Land and buildings | 22 | €1,899,132 | €0 | -€1.9m | -100% |
| Other tangible fixed assets | 26 | - | €210,694 | +€210,694 | |
| Financial fixed assets | 28 | €1,273,571 | €1,273,571 | = | 0.0% |
| Current assets | 29/58 | €7,764,381 | €112,642 | -€7.7m | -98.5% |
| Stocks and contracts in progress | 3 | €7,706,488 | €0 | -€7.7m | -100% |
| Stocks | 30/36 | €7,706,488 | €0 | -€7.7m | -100% |
| Amounts receivable within one year | 40/41 | €56,276 | €59,662 | +€3,386 | +6.0% |
| Other amounts receivable | 41 | €56,276 | €59,662 | +€3,386 | +6.0% |
| Cash at bank and in hand | 54/58 | €1,616 | €50,023 | +€48,406 | +2,995% |
| Deferred charges and accrued income | 490/1 | - | €2,958 | +€2,958 | |
| Total equity and liabilities | 10/49 | €10,937,084 | €1,596,907 | -€9.3m | -85.4% |
| Equity | 10/15 | -€390,840 | -€41,147 | +€349,693 | +89.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,088 | €1,088 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,088 | €1,088 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,088 | €1,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€441,928 | -€92,235 | +€349,693 | +79.1% |
| Amounts payable | 17/49 | €11,327,924 | €1,638,054 | -€9.7m | -85.5% |
| Amounts payable after more than one year | 17 | €359,428 | €1,207,571 | +€848,143 | +236% |
| Financial debts | 170/4 | €359,428 | €1,207,571 | +€848,143 | +236% |
| Amounts payable within one year | 42/48 | €10,897,226 | €377,737 | -€10.5m | -96.5% |
| Current portion of amounts payable after more than one year | 42 | €126,857 | €126,857 | = | 0.0% |
| Financial debts | 43 | €9,390,874 | €0 | -€9.4m | -100% |
| Credit institutions | 430/8 | €9,390,874 | €0 | -€9.4m | -100% |
| Trade debts | 44 | €49,881 | €143,762 | +€93,881 | +188% |
| Suppliers | 440/4 | €49,881 | €143,762 | +€93,881 | +188% |
| Taxes, remuneration and social security | 45 | - | €735 | +€735 | |
| Taxes | 450/3 | - | €735 | +€735 | |
| Other amounts payable | 47/48 | €1,329,614 | €106,383 | -€1.2m | -92.0% |
| Accrued charges and deferred income | 492/3 | €71,270 | €52,746 | -€18,524 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,233 | €1,688,439 | +€1.7m | +8,679% |
| Other operating charges | 640/8 | €1,326 | €3,533 | +€2,206 | +166% |
| Gross operating margin | 9900 | €176,414 | €2,083,431 | +€1.9m | +1,081% |
| Operating profit (loss) | 9901 | €155,855 | €391,459 | +€235,604 | +151% |
| Financial income | 75/76B | €140,955 | €258,739 | +€117,783 | +83.6% |
| Recurring financial income | 75 | €140,955 | €258,739 | +€117,783 | +83.6% |
| Financial charges | 65/66B | €524,088 | €300,505 | -€223,583 | -42.7% |
| Recurring financial charges | 65 | €524,088 | €300,505 | -€223,583 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€227,278 | €349,693 | +€576,970 | |
| Profit (loss) for the period | 9904 | -€227,278 | €349,693 | +€576,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227,278 | €349,693 | +€576,970 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.