PICOBELLO II: 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 II
Largest movements
- Tangible fixed assets -€15,618
down €15,618 (-12.1%), from €129,499 to €113,880
of which Furniture and vehicles: -€12,244
- Receivables within one year -€11,056
down €11,056 (-60.2%), from €18,364 to €7,307
of which Other amounts receivable: -€8,189
- Cash +€7,249
up €7,249 (+22.7%), from €32,004 to €39,253
mainly Depreciation (+€23,051) and Trade debts (+€15,175)
- Debts after one year -€20,616
down €20,616 (-21.4%), from €96,426 to €75,810
- Profit (loss) carried forward -€17,381
down €17,381, from €5,244 to -€12,137
- Trade debts +€15,175
up €15,175 (+245%), from €6,204 to €21,379
- Other debts +€2,175
new in 2025: €2,175
- Gross operating margin -€30,425
down €30,425 (-39.6%), from €76,767 to €46,343
- Depreciation +€9,612
up €9,612 (+71.5%), from €13,439 to €23,051
- Taxes -€7,174
down €7,174 (-98.2%), from €7,309 to €135
- Staff costs +€6,184
up €6,184 (+21.9%), from €28,175 to €34,359
- Financial charges +€871
up €871 (+17.3%), from €5,028 to €5,899
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 | €192,765 | €173,855 | -€18,910 | -9.8% |
| Fixed assets | 21/28 | €134,749 | €119,130 | -€15,618 | -11.6% |
| Tangible fixed assets | 22/27 | €129,499 | €113,880 | -€15,618 | -12.1% |
| Land and buildings | 22 | €59,112 | €59,416 | +€304 | +0.5% |
| Plant, machinery and equipment | 23 | €13,227 | €9,550 | -€3,678 | -27.8% |
| Furniture and vehicles | 24 | €57,159 | €44,915 | -€12,244 | -21.4% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €58,016 | €54,724 | -€3,292 | -5.7% |
| Stocks and contracts in progress | 3 | €5,646 | €5,348 | -€298 | -5.3% |
| Stocks | 30/36 | €5,646 | €5,348 | -€298 | -5.3% |
| Amounts receivable within one year | 40/41 | €18,364 | €7,307 | -€11,056 | -60.2% |
| Trade receivables | 40 | €5,321 | €2,453 | -€2,868 | -53.9% |
| Other amounts receivable | 41 | €13,043 | €4,855 | -€8,189 | -62.8% |
| Cash at bank and in hand | 54/58 | €32,004 | €39,253 | +€7,249 | +22.7% |
| Deferred charges and accrued income | 490/1 | €2,003 | €2,816 | +€813 | +40.6% |
| Total equity and liabilities | 10/49 | €192,765 | €173,855 | -€18,910 | -9.8% |
| Equity | 10/15 | €62,012 | €44,631 | -€17,381 | -28.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €31,768 | €31,768 | = | 0.0% |
| Distributable reserves | 133 | €31,768 | €31,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,244 | -€12,137 | -€17,381 | |
| Amounts payable | 17/49 | €130,753 | €129,224 | -€1,529 | -1.2% |
| Amounts payable after more than one year | 17 | €96,426 | €75,810 | -€20,616 | -21.4% |
| Financial debts | 170/4 | €96,426 | €75,810 | -€20,616 | -21.4% |
| Amounts payable within one year | 42/48 | €34,327 | €53,014 | +€18,687 | +54.4% |
| Current portion of amounts payable after more than one year | 42 | €19,694 | €20,616 | +€922 | +4.7% |
| Trade debts | 44 | €6,204 | €21,379 | +€15,175 | +245% |
| Suppliers | 440/4 | €6,204 | €21,379 | +€15,175 | +245% |
| Taxes, remuneration and social security | 45 | €8,428 | €8,843 | +€415 | +4.9% |
| Taxes | 450/3 | €4,389 | €5,414 | +€1,024 | +23.3% |
| Remuneration and social security | 454/9 | €4,039 | €3,430 | -€609 | -15.1% |
| Other amounts payable | 47/48 | - | €2,175 | +€2,175 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €28,175 | €34,359 | +€6,184 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,439 | €23,051 | +€9,612 | +71.5% |
| Other operating charges | 640/8 | €1,307 | €690 | -€617 | -47.2% |
| Gross operating margin | 9900 | €76,767 | €46,343 | -€30,425 | -39.6% |
| Operating profit (loss) | 9901 | €33,846 | -€11,758 | -€45,603 | |
| Financial income | 75/76B | €200 | €411 | +€211 | +106% |
| Recurring financial income | 75 | €200 | €411 | +€211 | +106% |
| Financial charges | 65/66B | €5,028 | €5,899 | +€871 | +17.3% |
| Recurring financial charges | 65 | €5,028 | €5,899 | +€871 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €29,017 | -€17,246 | -€46,263 | |
| Income taxes | 67/77 | €7,309 | €135 | -€7,174 | -98.2% |
| Profit (loss) for the period | 9904 | €21,708 | -€17,381 | -€39,088 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,708 | -€17,381 | -€39,088 |
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 30 October 2026 via checked.be.