PICODE SRL: what changed
PICODE SRL
Largest movements
- Cash +€52,163
up €52,163 (+68.1%), from €76,552 to €128,715
mainly Net result for the year (+€71,315) and Depreciation (+€7,044)
- Tangible fixed assets -€7,044
down €7,044 (-67.0%), from €10,519 to €3,476
- Receivables within one year -€1,969
down €1,969 (-8.2%), from €24,116 to €22,148
of which Trade receivables: -€2,090
- Deferred charges and accrued income +€1,890
up €1,890 (+344%), from €549 to €2,439
- Profit (loss) carried forward +€71,315
up €71,315 (+92.9%), from €76,729 to €148,044
- Other debts -€16,561
down €16,561 (-90.4%), from €18,317 to €1,756
- Tax, wage and social debts -€8,837
down €8,837 (-94.2%), from €9,381 to €544
of which Taxes: -€6,448
- Provisions -€23,400
down €23,400 (-92.9%), from €25,200 to €1,800
- Taxes +€5,875
up €5,875 (+43.9%), from €13,372 to €19,247
- Financial charges -€1,952
down €1,952 (-88.2%), from €2,212 to €260
- Gross operating margin +€1,662
up €1,662 (+1.7%), from €96,955 to €98,617
- Financial income +€1,601
up €1,601 (+800%), from €200 to €1,801
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,937 | €183,778 | +€46,841 | +34.2% |
| Fixed assets | 21/28 | €10,519 | €3,476 | -€7,044 | -67.0% |
| Tangible fixed assets | 22/27 | €10,519 | €3,476 | -€7,044 | -67.0% |
| Furniture and vehicles | 24 | €10,519 | €3,476 | -€7,044 | -67.0% |
| Current assets | 29/58 | €126,418 | €180,302 | +€53,884 | +42.6% |
| Amounts receivable within one year | 40/41 | €24,116 | €22,148 | -€1,969 | -8.2% |
| Trade receivables | 40 | €16,858 | €14,767 | -€2,090 | -12.4% |
| Other amounts receivable | 41 | €7,259 | €7,381 | +€122 | +1.7% |
| Current investments | 50/53 | €25,200 | €27,000 | +€1,800 | +7.1% |
| Cash at bank and in hand | 54/58 | €76,552 | €128,715 | +€52,163 | +68.1% |
| Deferred charges and accrued income | 490/1 | €549 | €2,439 | +€1,890 | +344% |
| Total equity and liabilities | 10/49 | €136,937 | €183,778 | +€46,841 | +34.2% |
| Equity | 10/15 | €80,729 | €152,044 | +€71,315 | +88.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,729 | €148,044 | +€71,315 | +92.9% |
| Provisions and deferred taxes | 16 | €25,200 | €27,000 | +€1,800 | +7.1% |
| Provisions for liabilities and charges | 160/5 | €25,200 | €27,000 | +€1,800 | +7.1% |
| Other liabilities and charges | 164/5 | €25,200 | €27,000 | +€1,800 | +7.1% |
| Amounts payable | 17/49 | €31,008 | €4,733 | -€26,275 | -84.7% |
| Amounts payable within one year | 42/48 | €31,008 | €4,733 | -€26,275 | -84.7% |
| Trade debts | 44 | €3,309 | €2,433 | -€876 | -26.5% |
| Suppliers | 440/4 | €3,309 | €2,433 | -€876 | -26.5% |
| Taxes, remuneration and social security | 45 | €9,381 | €544 | -€8,837 | -94.2% |
| Taxes | 450/3 | €6,992 | €544 | -€6,448 | -92.2% |
| Remuneration and social security | 454/9 | €2,389 | €0 | -€2,389 | -100% |
| Other amounts payable | 47/48 | €18,317 | €1,756 | -€16,561 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,044 | €7,044 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €25,200 | €1,800 | -€23,400 | -92.9% |
| Other operating charges | 640/8 | €925 | €752 | -€174 | -18.8% |
| Gross operating margin | 9900 | €96,955 | €98,617 | +€1,662 | +1.7% |
| Operating profit (loss) | 9901 | €63,786 | €89,022 | +€25,236 | +39.6% |
| Financial income | 75/76B | €200 | €1,801 | +€1,601 | +800% |
| Recurring financial income | 75 | €200 | €1,801 | +€1,601 | +800% |
| Financial charges | 65/66B | €2,212 | €260 | -€1,952 | -88.2% |
| Recurring financial charges | 65 | €2,212 | €260 | -€1,952 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €61,775 | €90,563 | +€28,788 | +46.6% |
| Income taxes | 67/77 | €13,372 | €19,247 | +€5,875 | +43.9% |
| Profit (loss) for the period | 9904 | €48,402 | €71,315 | +€22,913 | +47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,402 | €71,315 | +€22,913 | +47.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.