PICORAMA: 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.
PICORAMA
Largest movements
- Receivables within one year +€15,223
up €15,223 (+4.2%), from €364,723 to €379,946
- Profit (loss) carried forward +€11,113
up €11,113 (+4.8%), from €230,185 to €241,298
- Financial income -€250,080
no longer reported in 2025 (was €250,080)
- Gross operating margin +€17,927
up €17,927, from -€4,176 to €13,751
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.
Derived cash bridge
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 | €489,406 | €504,696 | +€15,290 | +3.1% |
| Fixed assets | 21/28 | €124,636 | €124,636 | = | 0.0% |
| Tangible fixed assets | 22/27 | €124,579 | €124,579 | = | 0.0% |
| Land and buildings | 22 | €124,579 | €124,579 | = | 0.0% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €364,770 | €380,060 | +€15,290 | +4.2% |
| Amounts receivable within one year | 40/41 | €364,723 | €379,946 | +€15,223 | +4.2% |
| Other amounts receivable | 41 | €364,723 | €379,946 | +€15,223 | +4.2% |
| Cash at bank and in hand | 54/58 | €47 | €114 | +€67 | +143% |
| Total equity and liabilities | 10/49 | €489,406 | €504,696 | +€15,290 | +3.1% |
| Equity | 10/15 | €487,897 | €499,010 | +€11,113 | +2.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €92,712 | €92,712 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,185 | €241,298 | +€11,113 | +4.8% |
| Amounts payable | 17/49 | €1,509 | €5,686 | +€4,177 | +277% |
| Amounts payable within one year | 42/48 | €1,317 | €4,995 | +€3,678 | +279% |
| Trade debts | 44 | €308 | €185 | -€123 | -39.9% |
| Suppliers | 440/4 | €308 | €185 | -€123 | -39.9% |
| Other amounts payable | 47/48 | €1,009 | €4,810 | +€3,801 | +377% |
| Accrued charges and deferred income | 492/3 | €192 | €691 | +€499 | +260% |
| Other operating charges | 640/8 | €2,376 | €2,473 | +€97 | +4.1% |
| Gross operating margin | 9900 | -€4,176 | €13,751 | +€17,927 | |
| Operating profit (loss) | 9901 | -€6,552 | €11,278 | +€17,830 | |
| Financial income | 75/76B | €250,080 | - | -€250,080 | |
| Recurring financial income | 75 | €250,080 | - | -€250,080 | |
| Financial charges | 65/66B | €209 | €165 | -€44 | -21.1% |
| Recurring financial charges | 65 | €209 | €165 | -€44 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €243,319 | €11,113 | -€232,206 | -95.4% |
| Profit (loss) for the period | 9904 | €243,319 | €11,113 | -€232,206 | -95.4% |
| Profit (loss) for the period to be appropriated | 9905 | €243,319 | €11,113 | -€232,206 | -95.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.