PiCom: 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.
PiCom
Largest movements
- Cash +€6,572
up €6,572 (+180.5%), from €3,641 to €10,213
mainly Trade debts (+€1,925) and Receivables within one year (+€1,654)
- Receivables within one year -€1,654
down €1,654 (-100.0%), from €1,654 to €0
- Tangible fixed assets -€480
down €480 (-3.4%), from €14,007 to €13,527
- Trade debts +€1,925
up €1,925 (+1060.6%), from €182 to €2,106
- Accrued charges and deferred income +€1,571
new in 2025: €1,571
- Other debts +€1,346
new in 2025: €1,346
- Profit (loss) carried forward -€403
down €403 (-5.5%), from -€7,331 to -€7,734
- Gross operating margin +€3,325
up €3,325, from -€1,103 to €2,222
- Financial income -€285
down €285 (-100.0%), from €286 to €0
- Other operating charges +€62
up €62 (+3.1%), from €2,028 to €2,090
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 | €19,302 | €23,740 | +€4,438 | +23.0% |
| Fixed assets | 21/28 | €14,007 | €13,527 | -€480 | -3.4% |
| Tangible fixed assets | 22/27 | €14,007 | €13,527 | -€480 | -3.4% |
| Land and buildings | 22 | €14,007 | €13,527 | -€480 | -3.4% |
| Current assets | 29/58 | €5,295 | €10,213 | +€4,918 | +92.9% |
| Amounts receivable within one year | 40/41 | €1,654 | €0 | -€1,654 | -100.0% |
| Other amounts receivable | 41 | €1,654 | €0 | -€1,654 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,641 | €10,213 | +€6,572 | +180.5% |
| Total equity and liabilities | 10/49 | €19,302 | €23,740 | +€4,438 | +23.0% |
| Equity | 10/15 | €19,120 | €18,717 | -€403 | -2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,859 | €7,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,331 | -€7,734 | -€403 | -5.5% |
| Amounts payable | 17/49 | €182 | €5,023 | +€4,841 | +2667.5% |
| Amounts payable within one year | 42/48 | €182 | €3,452 | +€3,271 | +1802.1% |
| Trade debts | 44 | €182 | €2,106 | +€1,925 | +1060.6% |
| Suppliers | 440/4 | €182 | €2,106 | +€1,925 | +1060.6% |
| Other amounts payable | 47/48 | - | €1,346 | +€1,346 | |
| Accrued charges and deferred income | 492/3 | - | €1,571 | +€1,571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €480 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,028 | €2,090 | +€62 | +3.1% |
| Gross operating margin | 9900 | -€1,103 | €2,222 | +€3,325 | |
| Operating profit (loss) | 9901 | -€3,611 | -€348 | +€3,263 | +90.4% |
| Financial income | 75/76B | €286 | €0 | -€285 | -100.0% |
| Recurring financial income | 75 | €286 | €0 | -€285 | -100.0% |
| Financial charges | 65/66B | €55 | €55 | = | 0.0% |
| Recurring financial charges | 65 | €55 | €55 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,381 | -€403 | +€2,978 | +88.1% |
| Profit (loss) for the period | 9904 | -€3,381 | -€403 | +€2,978 | +88.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,381 | -€403 | +€2,978 | +88.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.