Picolo: 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.
Picolo
Largest movements
- Receivables within one year +€37,147
up €37,147 (+49.7%), from €74,775 to €111,922
- Cash +€3,728
up €3,728 (+871.8%), from €428 to €4,156
mainly Tax, wage and social debts (+€22,079) and Net result for the year (+€18,917)
- Tax, wage and social debts +€22,079
up €22,079 (+85.2%), from €25,924 to €48,003
of which Taxes: +€13,654
- Profit (loss) carried forward +€18,917
up €18,917 (+2037.4%), from €928 to €19,845
- Gross operating margin +€26,747
up €26,747 (+34.4%), from €77,784 to €104,531
- Taxes +€6,890
new in 2024: €6,890
- Other operating charges +€4,452
up €4,452 (+107.3%), from €4,149 to €8,601
- Staff costs +€3,143
up €3,143 (+4.8%), from €65,212 to €68,355
- Financial income +€1,784
up €1,784 (+94.8%), from €1,881 to €3,665
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.
Cash bridge derived
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 | €80,768 | €121,663 | +€40,895 | +50.6% |
| Fixed assets | 21/28 | €3,500 | €3,240 | -€260 | -7.4% |
| Intangible fixed assets | 21 | €2,570 | €2,190 | -€380 | -14.8% |
| Tangible fixed assets | 22/27 | €644 | €264 | -€380 | -59.0% |
| Plant, machinery and equipment | 23 | €644 | €264 | -€380 | -59.0% |
| Financial fixed assets | 28 | €285 | €785 | +€500 | +175.4% |
| Current assets | 29/58 | €77,268 | €118,423 | +€41,155 | +53.3% |
| Stocks and contracts in progress | 3 | €2,065 | €2,345 | +€280 | +13.6% |
| Stocks | 30/36 | €2,065 | €2,345 | +€280 | +13.6% |
| Amounts receivable within one year | 40/41 | €74,775 | €111,922 | +€37,147 | +49.7% |
| Other amounts receivable | 41 | €74,775 | €111,922 | +€37,147 | +49.7% |
| Cash at bank and in hand | 54/58 | €428 | €4,156 | +€3,728 | +871.8% |
| Total equity and liabilities | 10/49 | €80,768 | €121,663 | +€40,895 | +50.6% |
| Equity | 10/15 | €5,928 | €24,845 | +€18,917 | +319.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €928 | €19,845 | +€18,917 | +2037.4% |
| Amounts payable | 17/49 | €74,839 | €96,818 | +€21,978 | +29.4% |
| Amounts payable within one year | 42/48 | €74,839 | €96,818 | +€21,978 | +29.4% |
| Financial debts | 43 | €60 | - | -€60 | |
| Credit institutions | 430/8 | €60 | - | -€60 | |
| Trade debts | 44 | €48,604 | €48,814 | +€210 | +0.4% |
| Suppliers | 440/4 | €48,604 | €48,814 | +€210 | +0.4% |
| Taxes, remuneration and social security | 45 | €25,924 | €48,003 | +€22,079 | +85.2% |
| Taxes | 450/3 | €18,541 | €32,195 | +€13,654 | +73.6% |
| Remuneration and social security | 454/9 | €7,383 | €15,809 | +€8,426 | +114.1% |
| Other amounts payable | 47/48 | €251 | - | -€251 | |
| Remuneration, social security and pensions | 62 | €65,212 | €68,355 | +€3,143 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €760 | €760 | = | 0.0% |
| Other operating charges | 640/8 | €4,149 | €8,601 | +€4,452 | +107.3% |
| Gross operating margin | 9900 | €77,784 | €104,531 | +€26,747 | +34.4% |
| Operating profit (loss) | 9901 | €7,663 | €26,816 | +€19,152 | +249.9% |
| Financial income | 75/76B | €1,881 | €3,665 | +€1,784 | +94.8% |
| Recurring financial income | 75 | €1,881 | €3,665 | +€1,784 | +94.8% |
| Financial charges | 65/66B | €5,132 | €4,674 | -€458 | -8.9% |
| Recurring financial charges | 65 | €5,132 | €4,674 | -€458 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €4,413 | €25,807 | +€21,394 | +484.8% |
| Income taxes | 67/77 | - | €6,890 | +€6,890 | |
| Profit (loss) for the period | 9904 | €4,413 | €18,917 | +€14,504 | +328.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,413 | €18,917 | +€14,504 | +328.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.