PICOK: what changed
Two fiscal 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.
PICOK
Largest movements
- Cash +€3,160
up €3,160 (+183.0%), from €1,726 to €4,886
mainly Other debts (+€36,337) and Trade debts (+€11,508)
- Receivables within one year +€3,115
up €3,115 (+4.2%), from €73,594 to €76,709
of which Trade receivables: +€4,109
- Profit (loss) carried forward -€41,933
down €41,933 (-512.7%), from -€8,179 to -€50,111
- Other debts +€36,337
up €36,337 (+130.3%), from €27,881 to €64,218
- Trade debts +€11,508
up €11,508 (+483.6%), from €2,380 to €13,888
- Tax, wage and social debts +€2,142
up €2,142 (+856.8%), from €250 to €2,392
- Accrued charges and deferred income -€1,827
down €1,827 (-65.5%), from €2,788 to €961
- Financial charges -€58,043
down €58,043 (-99.5%), from €58,351 to €308
- Provisions +€51,103
no longer reported in 2025 (was -€51,103)
- Gross operating margin -€35,702
down €35,702 (-737.1%), from -€4,844 to -€40,546
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 | €75,440 | €81,668 | +€6,228 | +8.3% |
| Fixed assets | 21/28 | €73 | €73 | = | 0.0% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €75,367 | €81,596 | +€6,228 | +8.3% |
| Amounts receivable within one year | 40/41 | €73,594 | €76,709 | +€3,115 | +4.2% |
| Trade receivables | 40 | €72,600 | €76,709 | +€4,109 | +5.7% |
| Other amounts receivable | 41 | €994 | - | -€994 | |
| Cash at bank and in hand | 54/58 | €1,726 | €4,886 | +€3,160 | +183.0% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €75,440 | €81,668 | +€6,228 | +8.3% |
| Equity | 10/15 | €42,142 | €209 | -€41,933 | -99.5% |
| Reserves | 13 | €50,320 | €50,320 | = | 0.0% |
| Distributable reserves | 133 | €50,320 | €50,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,179 | -€50,111 | -€41,933 | -512.7% |
| Amounts payable | 17/49 | €33,298 | €81,459 | +€48,161 | +144.6% |
| Amounts payable within one year | 42/48 | €30,510 | €80,498 | +€49,987 | +163.8% |
| Trade debts | 44 | €2,380 | €13,888 | +€11,508 | +483.6% |
| Suppliers | 440/4 | €2,380 | €13,888 | +€11,508 | +483.6% |
| Taxes, remuneration and social security | 45 | €250 | €2,392 | +€2,142 | +856.8% |
| Taxes | 450/3 | €250 | €2,392 | +€2,142 | +856.8% |
| Other amounts payable | 47/48 | €27,881 | €64,218 | +€36,337 | +130.3% |
| Accrued charges and deferred income | 492/3 | €2,788 | €961 | -€1,827 | -65.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€51,103 | - | +€51,103 | |
| Other operating charges | 640/8 | €840 | €851 | +€11 | +1.3% |
| Gross operating margin | 9900 | -€4,844 | -€40,546 | -€35,702 | -737.1% |
| Operating profit (loss) | 9901 | €45,420 | -€41,397 | -€86,817 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €58,351 | €308 | -€58,043 | -99.5% |
| Recurring financial charges | 65 | €58,351 | €308 | -€58,043 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,931 | -€41,705 | -€28,774 | -222.5% |
| Income taxes | 67/77 | €247 | €228 | -€19 | -7.7% |
| Profit (loss) for the period | 9904 | -€13,177 | -€41,933 | -€28,755 | -218.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,177 | -€41,933 | -€28,755 | -218.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.