PICTOBELLO: 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.
PICTOBELLO
Largest movements
- Current investments -€5,000
no longer reported in 2025 (was €5,000)
- Cash -€3,690
down €3,690 (-6.8%), from €54,064 to €50,374
mainly Trade debts (-€9,570) and Net result for the year (-€6,781)
- Receivables within one year -€3,404
down €3,404 (-7.3%), from €46,646 to €43,242
of which Other amounts receivable: -€8,257
- Tangible fixed assets -€1,729
down €1,729 (-21.6%), from €7,990 to €6,262
- Trade debts -€9,570
down €9,570 (-71.7%), from €13,342 to €3,772
- Profit (loss) carried forward -€6,781
down €6,781 (-12.8%), from €52,789 to €46,008
- Tax, wage and social debts +€1,596
up €1,596 (+6.2%), from €25,909 to €27,505
of which Remuneration and social security: +€2,339
- Gross operating margin -€100,222
down €100,222 (-99.5%), from €100,698 to €476
- Taxes -€21,285
down €21,285 (-99.3%), from €21,435 to €150
- Depreciation +€1,343
up €1,343 (+90.7%), from €1,480 to €2,823
- Financial income -€1,263
down €1,263 (-44.1%), from €2,863 to €1,599
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 | €118,040 | €103,285 | -€14,755 | -12.5% |
| Fixed assets | 21/28 | €7,990 | €6,262 | -€1,729 | -21.6% |
| Tangible fixed assets | 22/27 | €7,990 | €6,262 | -€1,729 | -21.6% |
| Furniture and vehicles | 24 | €7,990 | €6,262 | -€1,729 | -21.6% |
| Current assets | 29/58 | €110,049 | €97,023 | -€13,026 | -11.8% |
| Amounts receivable within one year | 40/41 | €46,646 | €43,242 | -€3,404 | -7.3% |
| Trade receivables | 40 | €19,791 | €24,644 | +€4,853 | +24.5% |
| Other amounts receivable | 41 | €26,855 | €18,598 | -€8,257 | -30.7% |
| Current investments | 50/53 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €54,064 | €50,374 | -€3,690 | -6.8% |
| Deferred charges and accrued income | 490/1 | €4,340 | €3,407 | -€932 | -21.5% |
| Total equity and liabilities | 10/49 | €118,040 | €103,285 | -€14,755 | -12.5% |
| Equity | 10/15 | €77,789 | €71,008 | -€6,781 | -8.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,789 | €46,008 | -€6,781 | -12.8% |
| Amounts payable | 17/49 | €40,250 | €32,277 | -€7,974 | -19.8% |
| Amounts payable within one year | 42/48 | €40,250 | €32,277 | -€7,974 | -19.8% |
| Trade debts | 44 | €13,342 | €3,772 | -€9,570 | -71.7% |
| Suppliers | 440/4 | €13,342 | €3,772 | -€9,570 | -71.7% |
| Taxes, remuneration and social security | 45 | €25,909 | €27,505 | +€1,596 | +6.2% |
| Taxes | 450/3 | €23,622 | €22,879 | -€742 | -3.1% |
| Remuneration and social security | 454/9 | €2,287 | €4,626 | +€2,339 | +102% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €2,823 | +€1,343 | +90.7% |
| Other operating charges | 640/8 | €977 | €531 | -€446 | -45.7% |
| Gross operating margin | 9900 | €100,698 | €476 | -€100,222 | -99.5% |
| Operating profit (loss) | 9901 | €98,242 | -€2,878 | -€101,119 | |
| Financial income | 75/76B | €2,863 | €1,599 | -€1,263 | -44.1% |
| Recurring financial income | 75 | €2,863 | €1,599 | -€1,263 | -44.1% |
| Financial charges | 65/66B | €5,879 | €5,353 | -€527 | -9.0% |
| Recurring financial charges | 65 | €5,879 | €5,353 | -€527 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €95,225 | -€6,631 | -€101,856 | |
| Income taxes | 67/77 | €21,435 | €150 | -€21,285 | -99.3% |
| Profit (loss) for the period | 9904 | €73,789 | -€6,781 | -€80,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,789 | -€6,781 | -€80,570 |
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 19 October 2026 via checked.be.