PICOGE: 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.
PICOGE
Largest movements
- Receivables within one year -€1,149
down €1,149 (-53.2%), from €2,157 to €1,009
of which Other amounts receivable: -€1,149
- Tangible fixed assets -€282
down €282 (-100%), from €282 to €0
of which Furniture and vehicles: -€282
- Cash -€87
down €87 (-6.9%), from €1,258 to €1,171
mainly Trade debts (-€785) and Net result for the year (-€385)
- Trade debts -€785
down €785 (-100%), from €785 to €0
- Profit (loss) carried forward -€385
down €385 (-9.1%), from -€4,255 to -€4,640
- Tax, wage and social debts -€299
down €299 (-100%), from €299 to €0
- Short-term financial debts -€48
down €48 (-100%), from €48 to €0
- Purchases and services -€5,857
down €5,857 (-85.3%), from €6,870 to €1,012
- Gross operating margin +€5,591
up €5,591, from -€5,470 to €121
- Depreciation -€2,450
down €2,450 (-89.7%), from €2,732 to €282
- Financial income +€1,092
new in 2024: €1,092
of which Non-recurring financial income: +€1,000
- Other operating charges +€1,046
up €1,046 (+6,799%), from €15 to €1,061
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,697 | €2,180 | -€1,517 | -41.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €282 | €0 | -€282 | -100% |
| Tangible fixed assets | 22/27 | €282 | €0 | -€282 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €282 | €0 | -€282 | -100% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Current assets | 29/58 | €3,415 | €2,180 | -€1,235 | -36.2% |
| Amounts receivable within one year | 40/41 | €2,157 | €1,009 | -€1,149 | -53.2% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €2,157 | €1,009 | -€1,149 | -53.2% |
| Cash at bank and in hand | 54/58 | €1,258 | €1,171 | -€87 | -6.9% |
| Total equity and liabilities | 10/49 | €3,697 | €2,180 | -€1,517 | -41.0% |
| Equity | 10/15 | €2,565 | €2,180 | -€385 | -15.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,255 | -€4,640 | -€385 | -9.1% |
| Amounts payable | 17/49 | €1,132 | €0 | -€1,132 | -100% |
| Amounts payable within one year | 42/48 | €1,132 | €0 | -€1,132 | -100% |
| Financial debts | 43 | €48 | €0 | -€48 | -100% |
| Credit institutions | 430/8 | €48 | €0 | -€48 | -100% |
| Trade debts | 44 | €785 | €0 | -€785 | -100% |
| Suppliers | 440/4 | €785 | €0 | -€785 | -100% |
| Taxes, remuneration and social security | 45 | €299 | €0 | -€299 | -100% |
| Taxes | 450/3 | €299 | €0 | -€299 | -100% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,870 | €1,012 | -€5,857 | -85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,732 | €282 | -€2,450 | -89.7% |
| Other operating charges | 640/8 | €15 | €1,061 | +€1,046 | +6,799% |
| Non-recurring operating charges | 66A | €1,106 | €117 | -€989 | -89.4% |
| Gross operating margin | 9900 | -€5,470 | €121 | +€5,591 | |
| Operating profit (loss) | 9901 | -€9,323 | -€1,339 | +€7,984 | +85.6% |
| Financial income | 75/76B | - | €1,092 | +€1,092 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €178 | €138 | -€40 | -22.3% |
| Recurring financial charges | 65 | €178 | €138 | -€40 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,501 | -€385 | +€9,116 | +95.9% |
| Income taxes | 67/77 | €149 | - | -€149 | |
| Profit (loss) for the period | 9904 | -€9,650 | -€385 | +€9,265 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,650 | -€385 | +€9,265 | +96.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.