Picobello New: 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 New
Largest movements
- Cash +€277,727
up €277,727 (+13.8%), from €2.0m to €2.3m
mainly Net result for the year (+€272,897) and Other debts (+€214,853)
- Intangible fixed assets -€42,000
down €42,000 (-26.1%), from €161,000 to €119,000
- Receivables within one year -€39,921
down €39,921 (-17.5%), from €228,763 to €188,842
of which Trade receivables: -€32,319
- Other debts +€214,853
up €214,853 (+155%), from €138,272 to €353,125
- Tax, wage and social debts +€122,021
up €122,021 (+15.5%), from €785,152 to €907,173
of which Taxes: +€113,068
- Reserves -€93,798
down €93,798 (-7.8%), from €1.2m to €1.1m
- Trade debts -€52,461
down €52,461 (-16.0%), from €327,521 to €275,060
- Staff costs -€121,331
down €121,331 (-1.9%), from €6.3m to €6.2m
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 | €2,463,454 | €2,654,069 | +€190,615 | +7.7% |
| Fixed assets | 21/28 | €200,729 | €153,518 | -€47,211 | -23.5% |
| Intangible fixed assets | 21 | €161,000 | €119,000 | -€42,000 | -26.1% |
| Tangible fixed assets | 22/27 | €39,729 | €34,518 | -€5,211 | -13.1% |
| Land and buildings | 22 | €9,658 | €24,449 | +€14,791 | +153% |
| Plant, machinery and equipment | 23 | €4,855 | €2,767 | -€2,088 | -43.0% |
| Furniture and vehicles | 24 | €25,216 | €7,302 | -€17,914 | -71.0% |
| Current assets | 29/58 | €2,262,725 | €2,500,551 | +€237,826 | +10.5% |
| Amounts receivable within one year | 40/41 | €228,763 | €188,842 | -€39,921 | -17.5% |
| Trade receivables | 40 | €221,161 | €188,842 | -€32,319 | -14.6% |
| Other amounts receivable | 41 | €7,602 | - | -€7,602 | |
| Cash at bank and in hand | 54/58 | €2,013,342 | €2,291,069 | +€277,727 | +13.8% |
| Deferred charges and accrued income | 490/1 | €20,620 | €20,640 | +€20 | +0.1% |
| Total equity and liabilities | 10/49 | €2,463,454 | €2,654,069 | +€190,615 | +7.7% |
| Equity | 10/15 | €1,212,509 | €1,118,711 | -€93,798 | -7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,206,309 | €1,112,511 | -€93,798 | -7.8% |
| Distributable reserves | 133 | €1,206,309 | €1,112,511 | -€93,798 | -7.8% |
| Amounts payable | 17/49 | €1,250,945 | €1,535,358 | +€284,413 | +22.7% |
| Amounts payable within one year | 42/48 | €1,250,945 | €1,535,358 | +€284,413 | +22.7% |
| Trade debts | 44 | €327,521 | €275,060 | -€52,461 | -16.0% |
| Suppliers | 440/4 | €327,521 | €275,060 | -€52,461 | -16.0% |
| Taxes, remuneration and social security | 45 | €785,152 | €907,173 | +€122,021 | +15.5% |
| Taxes | 450/3 | - | €113,068 | +€113,068 | |
| Remuneration and social security | 454/9 | €785,152 | €794,105 | +€8,953 | +1.1% |
| Other amounts payable | 47/48 | €138,272 | €353,125 | +€214,853 | +155% |
| Remuneration, social security and pensions | 62 | €6,307,142 | €6,185,811 | -€121,331 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,748 | €66,796 | +€1,048 | +1.6% |
| Gross operating margin | 9900 | €6,751,952 | €6,711,612 | -€40,340 | -0.6% |
| Operating profit (loss) | 9901 | €379,062 | €459,005 | +€79,943 | +21.1% |
| Financial income | 75/76B | €5,265 | €31,338 | +€26,073 | +495% |
| Recurring financial income | 75 | €5,265 | €31,338 | +€26,073 | +495% |
| Financial charges | 65/66B | €1,582 | €1,506 | -€76 | -4.8% |
| Recurring financial charges | 65 | €1,582 | €1,506 | -€76 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €382,745 | €488,837 | +€106,092 | +27.7% |
| Income taxes | 67/77 | €167,973 | €215,940 | +€47,967 | +28.6% |
| Profit (loss) for the period | 9904 | €214,772 | €272,897 | +€58,125 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €214,772 | €272,897 | +€58,125 | +27.1% |
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 14 October 2026 via checked.be.