PICPUSSEN: 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.
PICPUSSEN
Largest movements
- Stocks and contracts +€685,952
up €685,952 (+7.3%), from €9.4m to €10.1m
- Receivables within one year -€225,006
down €225,006 (-85.1%), from €264,287 to €39,281
of which Trade receivables: -€226,403
- Debts after one year +€492,497
up €492,497 (+4.6%), from €10.8m to €11.2m
- Other operating charges -€6,444
down €6,444 (-43.4%), from €14,858 to €8,414
- Gross operating margin +€2,219
up €2,219 (+20.7%), from -€10,713 to -€8,495
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 | €11,292,763 | €11,791,685 | +€498,923 | +4.4% |
| Fixed assets | 21/28 | €1,609,608 | €1,609,608 | = | 0.0% |
| Financial fixed assets | 28 | €1,609,608 | €1,609,608 | = | 0.0% |
| Current assets | 29/58 | €9,683,155 | €10,182,077 | +€498,923 | +5.2% |
| Stocks and contracts in progress | 3 | €9,415,388 | €10,101,340 | +€685,952 | +7.3% |
| Stocks | 30/36 | €9,415,388 | €10,101,340 | +€685,952 | +7.3% |
| Amounts receivable within one year | 40/41 | €264,287 | €39,281 | -€225,006 | -85.1% |
| Trade receivables | 40 | €250,187 | €23,784 | -€226,403 | -90.5% |
| Other amounts receivable | 41 | €14,099 | €15,497 | +€1,397 | +9.9% |
| Cash at bank and in hand | 54/58 | €2,646 | €40,589 | +€37,943 | +1,434% |
| Deferred charges and accrued income | 490/1 | €833 | €867 | +€34 | +4.1% |
| Total equity and liabilities | 10/49 | €11,292,763 | €11,791,685 | +€498,923 | +4.4% |
| Equity | 10/15 | €527,209 | €509,835 | -€17,375 | -3.3% |
| Contributions | 10/11 | €661,500 | €661,500 | = | 0.0% |
| Capital | 10 | €661,500 | €661,500 | = | 0.0% |
| Issued capital | 100 | €661,500 | €661,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,291 | -€151,666 | -€17,375 | -12.9% |
| Amounts payable | 17/49 | €10,765,554 | €11,281,851 | +€516,297 | +4.8% |
| Amounts payable after more than one year | 17 | €10,755,032 | €11,247,529 | +€492,497 | +4.6% |
| Financial debts | 170/4 | €10,755,032 | €11,247,529 | +€492,497 | +4.6% |
| Amounts payable within one year | 42/48 | €8,304 | €33,215 | +€24,911 | +300% |
| Trade debts | 44 | €8,304 | €33,215 | +€24,911 | +300% |
| Suppliers | 440/4 | €8,304 | €33,215 | +€24,911 | +300% |
| Accrued charges and deferred income | 492/3 | €2,218 | €1,106 | -€1,111 | -50.1% |
| Other operating charges | 640/8 | €14,858 | €8,414 | -€6,444 | -43.4% |
| Gross operating margin | 9900 | -€10,713 | -€8,495 | +€2,219 | +20.7% |
| Operating profit (loss) | 9901 | -€25,571 | -€16,909 | +€8,662 | +33.9% |
| Financial charges | 65/66B | €481 | €466 | -€15 | -3.1% |
| Recurring financial charges | 65 | €481 | €466 | -€15 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,052 | -€17,375 | +€8,677 | +33.3% |
| Profit (loss) for the period | 9904 | -€26,052 | -€17,375 | +€8,677 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,052 | -€17,375 | +€8,677 | +33.3% |
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 18 October 2026 via checked.be.