PICONS: 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.
PICONS
Largest movements
- Tangible fixed assets -€70,421
down €70,421 (-9.1%), from €770,248 to €699,827
of which Land and buildings: -€70,333
- Cash -€10,617
down €10,617 (-37.3%), from €28,430 to €17,813
mainly Other debts (-€78,502) and Receivables within one year (-€5,485)
- Other debts -€78,502
down €78,502 (-23.2%), from €338,511 to €260,009
- Gross operating margin +€4,547
up €4,547 (+6.2%), from €73,109 to €77,656
- Other operating charges -€1,251
down €1,251 (-16.1%), from €7,761 to €6,511
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 | €804,810 | €725,915 | -€78,895 | -9.8% |
| Fixed assets | 21/28 | €770,248 | €699,827 | -€70,421 | -9.1% |
| Tangible fixed assets | 22/27 | €770,248 | €699,827 | -€70,421 | -9.1% |
| Land and buildings | 22 | €769,873 | €699,540 | -€70,333 | -9.1% |
| Plant, machinery and equipment | 23 | €27 | €0 | -€27 | -100.0% |
| Furniture and vehicles | 24 | €348 | €287 | -€61 | -17.5% |
| Current assets | 29/58 | €34,562 | €26,089 | -€8,474 | -24.5% |
| Amounts receivable within one year | 40/41 | €502 | €5,987 | +€5,485 | +1092.6% |
| Trade receivables | 40 | €502 | €5,987 | +€5,485 | +1092.6% |
| Cash at bank and in hand | 54/58 | €28,430 | €17,813 | -€10,617 | -37.3% |
| Deferred charges and accrued income | 490/1 | €5,630 | €2,289 | -€3,341 | -59.3% |
| Total equity and liabilities | 10/49 | €804,810 | €725,915 | -€78,895 | -9.8% |
| Equity | 10/15 | €462,840 | €463,652 | +€811 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €604,214 | €604,214 | = | 0.0% |
| Distributable reserves | 133 | €604,214 | €604,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,973 | -€159,162 | +€811 | +0.5% |
| Amounts payable | 17/49 | €341,970 | €262,263 | -€79,706 | -23.3% |
| Amounts payable within one year | 42/48 | €340,284 | €260,575 | -€79,709 | -23.4% |
| Trade debts | 44 | €1,773 | €566 | -€1,207 | -68.1% |
| Suppliers | 440/4 | €1,773 | €566 | -€1,207 | -68.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €338,511 | €260,009 | -€78,502 | -23.2% |
| Accrued charges and deferred income | 492/3 | €1,685 | €1,688 | +€3 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,896 | €70,421 | +€525 | +0.8% |
| Other operating charges | 640/8 | €7,761 | €6,511 | -€1,251 | -16.1% |
| Gross operating margin | 9900 | €73,109 | €77,656 | +€4,547 | +6.2% |
| Operating profit (loss) | 9901 | -€4,549 | €724 | +€5,273 | |
| Financial income | 75/76B | €123 | €144 | +€22 | +17.8% |
| Recurring financial income | 75 | €123 | €144 | +€22 | +17.8% |
| Financial charges | 65/66B | €21 | €50 | +€30 | +144.5% |
| Recurring financial charges | 65 | €21 | €50 | +€30 | +144.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,447 | €818 | +€5,265 | |
| Income taxes | 67/77 | €25 | €7 | -€18 | -73.4% |
| Profit (loss) for the period | 9904 | -€4,472 | €811 | +€5,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,472 | €811 | +€5,283 |
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 7 October 2026 via checked.be.