PICRON CONSTRUCTION: 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.
PICRON CONSTRUCTION
Largest movements
- Tangible fixed assets +€37,619
up €37,619 (+33.7%), from €111,643 to €149,262
of which Furniture and vehicles: +€54,912
- Cash +€31,121
up €31,121 (+31.2%), from €99,864 to €130,985
mainly Depreciation (+€46,758) and Net result for the year (+€42,053)
- Receivables within one year +€12,709
up €12,709 (+39.4%), from €32,288 to €44,997
of which Trade receivables: +€13,901
- Stocks and contracts -€9,939
down €9,939 (-40.5%), from €24,543 to €14,604
- Deferred charges and accrued income +€7,403
up €7,403 (+158.2%), from €4,679 to €12,082
- Profit (loss) carried forward +€42,053
up €42,053 (+32.4%), from €129,985 to €172,038
- Debts after one year +€26,040
up €26,040 (+46.4%), from €56,074 to €82,114
- Tax, wage and social debts +€10,152
up €10,152 (+394.6%), from €2,573 to €12,725
of which Taxes: +€9,426
- Gross operating margin +€82,037
up €82,037 (+40.7%), from €201,353 to €283,390
- Staff costs +€29,527
up €29,527 (+21.9%), from €134,967 to €164,494
- Taxes +€8,986
up €8,986 (+847.7%), from €1,060 to €10,046
- Depreciation -€6,524
down €6,524 (-12.2%), from €53,282 to €46,758
- Other operating charges +€5,064
up €5,064 (+59.0%), from €8,590 to €13,654
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 | €273,192 | €352,105 | +€78,913 | +28.9% |
| Fixed assets | 21/28 | €111,818 | €149,437 | +€37,619 | +33.6% |
| Tangible fixed assets | 22/27 | €111,643 | €149,262 | +€37,619 | +33.7% |
| Land and buildings | 22 | - | €2,062 | +€2,062 | |
| Plant, machinery and equipment | 23 | €50,289 | €38,724 | -€11,565 | -23.0% |
| Furniture and vehicles | 24 | €40,182 | €95,094 | +€54,912 | +136.7% |
| Leasing and similar rights | 25 | €21,172 | €13,382 | -€7,790 | -36.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €161,374 | €202,668 | +€41,294 | +25.6% |
| Stocks and contracts in progress | 3 | €24,543 | €14,604 | -€9,939 | -40.5% |
| Stocks | 30/36 | €24,543 | €14,604 | -€9,939 | -40.5% |
| Amounts receivable within one year | 40/41 | €32,288 | €44,997 | +€12,709 | +39.4% |
| Trade receivables | 40 | €2,174 | €16,075 | +€13,901 | +639.4% |
| Other amounts receivable | 41 | €30,114 | €28,922 | -€1,192 | -4.0% |
| Cash at bank and in hand | 54/58 | €99,864 | €130,985 | +€31,121 | +31.2% |
| Deferred charges and accrued income | 490/1 | €4,679 | €12,082 | +€7,403 | +158.2% |
| Total equity and liabilities | 10/49 | €273,192 | €352,105 | +€78,913 | +28.9% |
| Equity | 10/15 | €139,985 | €182,038 | +€42,053 | +30.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,985 | €172,038 | +€42,053 | +32.4% |
| Amounts payable | 17/49 | €133,207 | €170,067 | +€36,860 | +27.7% |
| Amounts payable after more than one year | 17 | €56,074 | €82,114 | +€26,040 | +46.4% |
| Financial debts | 170/4 | €56,074 | €82,114 | +€26,040 | +46.4% |
| Amounts payable within one year | 42/48 | €76,990 | €86,960 | +€9,970 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €46,630 | €43,148 | -€3,482 | -7.5% |
| Trade debts | 44 | €21,330 | €21,357 | +€27 | +0.1% |
| Suppliers | 440/4 | €21,330 | €21,357 | +€27 | +0.1% |
| Taxes, remuneration and social security | 45 | €2,573 | €12,725 | +€10,152 | +394.6% |
| Taxes | 450/3 | - | €9,426 | +€9,426 | |
| Remuneration and social security | 454/9 | €2,573 | €3,299 | +€726 | +28.2% |
| Other amounts payable | 47/48 | €6,457 | €9,730 | +€3,273 | +50.7% |
| Accrued charges and deferred income | 492/3 | €143 | €993 | +€850 | +594.4% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €134,967 | €164,494 | +€29,527 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,282 | €46,758 | -€6,524 | -12.2% |
| Other operating charges | 640/8 | €8,590 | €13,654 | +€5,064 | +59.0% |
| Non-recurring operating charges | 66A | - | €1,156 | +€1,156 | |
| Gross operating margin | 9900 | €201,353 | €283,390 | +€82,037 | +40.7% |
| Operating profit (loss) | 9901 | €4,514 | €57,328 | +€52,814 | +1170.0% |
| Financial income | 75/76B | €1,614 | €382 | -€1,232 | -76.3% |
| Recurring financial income | 75 | €1,614 | €382 | -€1,232 | -76.3% |
| Financial charges | 65/66B | €5,515 | €5,611 | +€96 | +1.7% |
| Recurring financial charges | 65 | €5,515 | €5,611 | +€96 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €613 | €52,099 | +€51,486 | +8399.0% |
| Income taxes | 67/77 | €1,060 | €10,046 | +€8,986 | +847.7% |
| Profit (loss) for the period | 9904 | -€447 | €42,053 | +€42,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€447 | €42,053 | +€42,500 |
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 5 October 2026 via checked.be.