PICOWAN SRL: 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.
PICOWAN SRL
Largest movements
- Cash -€4,422
down €4,422 (-20.7%), from €21,376 to €16,954
mainly Other debts (-€3,638) and Net result for the year (-€656)
- Other debts -€3,638
no longer reported in 2025 (was €3,638)
- Profit (loss) carried forward -€656
down €656 (-4.2%), from €15,610 to €14,954
- Gross operating margin -€30
down €30 (-5.1%), from -€580 to -€609
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 | €21,376 | €16,954 | -€4,422 | -20.7% |
| Current assets | 29/58 | €21,376 | €16,954 | -€4,422 | -20.7% |
| Cash at bank and in hand | 54/58 | €21,376 | €16,954 | -€4,422 | -20.7% |
| Total equity and liabilities | 10/49 | €21,376 | €16,954 | -€4,422 | -20.7% |
| Equity | 10/15 | €17,610 | €16,954 | -€656 | -3.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,610 | €14,954 | -€656 | -4.2% |
| Amounts payable | 17/49 | €3,766 | - | -€3,766 | |
| Amounts payable within one year | 42/48 | €3,766 | - | -€3,766 | |
| Trade debts | 44 | €129 | - | -€129 | |
| Suppliers | 440/4 | €129 | - | -€129 | |
| Other amounts payable | 47/48 | €3,638 | - | -€3,638 | |
| Gross operating margin | 9900 | -€580 | -€609 | -€30 | -5.1% |
| Operating profit (loss) | 9901 | -€580 | -€609 | -€30 | -5.1% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€626 | -€656 | -€30 | -4.7% |
| Profit (loss) for the period | 9904 | -€626 | -€656 | -€30 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€626 | -€656 | -€30 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.