Picobello services: 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 services
Largest movements
- Receivables within one year -€38,907
down €38,907 (-67.8%), from €57,399 to €18,492
of which Trade receivables: -€22,344
- Cash +€14,145
up €14,145 (+25.0%), from €56,539 to €70,684
mainly Receivables within one year (+€38,907) and Depreciation (+€4,188)
- Tangible fixed assets -€1,857
down €1,857 (-10.9%), from €17,095 to €15,238
of which Plant, machinery and equipment: -€4,029
- Reserves -€24,710
down €24,710 (-23.9%), from €103,344 to €78,633
- Tax, wage and social debts -€4,687
down €4,687 (-24.0%), from €19,520 to €14,832
of which Taxes: -€7,228
- Trade debts +€1,862
up €1,862 (+94.5%), from €1,969 to €3,831
- Staff costs +€24,979
up €24,979 (+21.2%), from €118,093 to €143,073
- Gross operating margin +€14,429
up €14,429 (+11.1%), from €130,464 to €144,892
- Depreciation +€2,268
up €2,268 (+118.2%), from €1,920 to €4,188
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 | €131,033 | €104,413 | -€26,619 | -20.3% |
| Fixed assets | 21/28 | €17,095 | €15,238 | -€1,857 | -10.9% |
| Tangible fixed assets | 22/27 | €17,095 | €15,238 | -€1,857 | -10.9% |
| Plant, machinery and equipment | 23 | €17,095 | €13,066 | -€4,029 | -23.6% |
| Furniture and vehicles | 24 | - | €2,172 | +€2,172 | |
| Current assets | 29/58 | €113,937 | €89,175 | -€24,762 | -21.7% |
| Amounts receivable within one year | 40/41 | €57,399 | €18,492 | -€38,907 | -67.8% |
| Trade receivables | 40 | €30,835 | €8,491 | -€22,344 | -72.5% |
| Other amounts receivable | 41 | €26,564 | €10,001 | -€16,563 | -62.4% |
| Cash at bank and in hand | 54/58 | €56,539 | €70,684 | +€14,145 | +25.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €131,033 | €104,413 | -€26,619 | -20.3% |
| Equity | 10/15 | €109,544 | €84,833 | -€24,710 | -22.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,344 | €78,633 | -€24,710 | -23.9% |
| Distributable reserves | 133 | €103,344 | €78,633 | -€24,710 | -23.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,489 | €19,580 | -€1,909 | -8.9% |
| Amounts payable within one year | 42/48 | €21,489 | €19,580 | -€1,909 | -8.9% |
| Trade debts | 44 | €1,969 | €3,831 | +€1,862 | +94.5% |
| Suppliers | 440/4 | €1,969 | €3,831 | +€1,862 | +94.5% |
| Taxes, remuneration and social security | 45 | €19,520 | €14,832 | -€4,687 | -24.0% |
| Taxes | 450/3 | €7,623 | €395 | -€7,228 | -94.8% |
| Remuneration and social security | 454/9 | €11,897 | €14,437 | +€2,540 | +21.4% |
| Other amounts payable | 47/48 | - | €917 | +€917 | |
| Remuneration, social security and pensions | 62 | €118,093 | €143,073 | +€24,979 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,920 | €4,188 | +€2,268 | +118.2% |
| Other operating charges | 640/8 | €1,147 | €785 | -€362 | -31.6% |
| Gross operating margin | 9900 | €130,464 | €144,892 | +€14,429 | +11.1% |
| Operating profit (loss) | 9901 | €9,304 | -€3,153 | -€12,457 | |
| Financial income | 75/76B | €2 | €4 | +€2 | +91.4% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +91.4% |
| Financial charges | 65/66B | €232 | €388 | +€156 | +67.1% |
| Recurring financial charges | 65 | €232 | €388 | +€156 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | €9,074 | -€3,537 | -€12,611 | |
| Income taxes | 67/77 | €1,024 | €0 | -€1,024 | -100.0% |
| Profit (loss) for the period | 9904 | €8,049 | -€3,537 | -€11,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,049 | -€3,537 | -€11,586 |
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 11 October 2026 via checked.be.