PICTON & C°: 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.
PICTON & C°
Largest movements
- Cash +€14,565
up €14,565 (+16.4%), from €88,881 to €103,445
mainly Net result for the year (+€26,467) and Depreciation (+€15,070)
- Deferred charges and accrued income +€3,245
up €3,245 (+159%), from €2,036 to €5,281
- Reserves +€26,467
up €26,467 (+16.4%), from €161,044 to €187,511
- Debts after one year -€12,789
down €12,789 (-19.1%), from €66,959 to €54,170
- Other debts +€9,666
up €9,666 (+2,459%), from €393 to €10,059
- Trade debts -€9,066
down €9,066 (-52.0%), from €17,439 to €8,373
- Gross operating margin +€7,666
up €7,666 (+14.2%), from €53,849 to €61,515
- Taxes +€2,762
up €2,762 (+21.1%), from €13,104 to €15,866
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 | €298,434 | €314,437 | +€16,003 | +5.4% |
| Fixed assets | 21/28 | €194,224 | €191,960 | -€2,263 | -1.2% |
| Tangible fixed assets | 22/27 | €194,224 | €191,960 | -€2,263 | -1.2% |
| Land and buildings | 22 | €154,564 | €149,244 | -€5,320 | -3.4% |
| Plant, machinery and equipment | 23 | €34,076 | €38,933 | +€4,857 | +14.3% |
| Furniture and vehicles | 24 | €5,584 | €3,784 | -€1,800 | -32.2% |
| Current assets | 29/58 | €104,210 | €122,476 | +€18,266 | +17.5% |
| Amounts receivable within one year | 40/41 | €13,294 | €13,750 | +€456 | +3.4% |
| Trade receivables | 40 | €10,750 | €10,750 | = | 0.0% |
| Other amounts receivable | 41 | €2,544 | €3,000 | +€456 | +17.9% |
| Cash at bank and in hand | 54/58 | €88,881 | €103,445 | +€14,565 | +16.4% |
| Deferred charges and accrued income | 490/1 | €2,036 | €5,281 | +€3,245 | +159% |
| Total equity and liabilities | 10/49 | €298,434 | €314,437 | +€16,003 | +5.4% |
| Equity | 10/15 | €190,829 | €217,296 | +€26,467 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,044 | €187,511 | +€26,467 | +16.4% |
| Distributable reserves | 133 | €161,044 | €187,511 | +€26,467 | +16.4% |
| Profit (loss) carried forward | 14 | €17,385 | €17,385 | = | 0.0% |
| Amounts payable | 17/49 | €107,606 | €97,141 | -€10,464 | -9.7% |
| Amounts payable after more than one year | 17 | €66,959 | €54,170 | -€12,789 | -19.1% |
| Financial debts | 170/4 | €66,959 | €54,170 | -€12,789 | -19.1% |
| Amounts payable within one year | 42/48 | €40,646 | €42,971 | +€2,325 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €12,501 | €12,789 | +€288 | +2.3% |
| Trade debts | 44 | €17,439 | €8,373 | -€9,066 | -52.0% |
| Suppliers | 440/4 | €17,439 | €8,373 | -€9,066 | -52.0% |
| Taxes, remuneration and social security | 45 | €10,313 | €11,750 | +€1,437 | +13.9% |
| Taxes | 450/3 | €10,313 | €11,750 | +€1,437 | +13.9% |
| Other amounts payable | 47/48 | €393 | €10,059 | +€9,666 | +2,459% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,489 | €15,070 | +€581 | +4.0% |
| Other operating charges | 640/8 | €2,606 | €2,178 | -€428 | -16.4% |
| Gross operating margin | 9900 | €53,849 | €61,515 | +€7,666 | +14.2% |
| Operating profit (loss) | 9901 | €36,754 | €44,267 | +€7,513 | +20.4% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €2,239 | €1,933 | -€306 | -13.7% |
| Recurring financial charges | 65 | €2,239 | €1,933 | -€306 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €34,585 | €42,333 | +€7,748 | +22.4% |
| Income taxes | 67/77 | €13,104 | €15,866 | +€2,762 | +21.1% |
| Profit (loss) for the period | 9904 | €21,481 | €26,467 | +€4,986 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,481 | €26,467 | +€4,986 | +23.2% |
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 23 October 2026 via checked.be.