PICTOREM: 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.
PICTOREM
Largest movements
- Cash -€6,099
down €6,099 (-33.7%), from €18,102 to €12,003
mainly Tax, wage and social debts (-€4,264) and Receivables within one year (-€2,412)
- Receivables within one year +€2,412
up €2,412 (+140.3%), from €1,718 to €4,130
of which Other amounts receivable: +€2,558
- Tangible fixed assets +€387
up €387 (+8.7%), from €4,448 to €4,834
- Intangible fixed assets -€335
down €335 (-23.8%), from €1,409 to €1,074
- Tax, wage and social debts -€4,264
down €4,264 (-62.2%), from €6,853 to €2,589
of which Taxes: -€4,024
- Reserves +€1,136
up €1,136 (+25.0%), from €4,545 to €5,682
- Other debts -€1,025
down €1,025 (-77.3%), from €1,326 to €301
- Trade debts +€613
up €613 (+145.0%), from €423 to €1,036
- Purchases and services +€22,338
up €22,338 (+26.4%), from €84,522 to €106,860
- Gross operating margin -€14,291
down €14,291 (-75.6%), from €18,908 to €4,617
- Turnover +€8,047
up €8,047 (+7.8%), from €103,358 to €111,406
- Taxes -€3,140
down €3,140 (-80.0%), from €3,925 to €784
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 | €26,262 | €22,734 | -€3,529 | -13.4% |
| Fixed assets | 21/28 | €5,857 | €5,908 | +€51 | +0.9% |
| Intangible fixed assets | 21 | €1,409 | €1,074 | -€335 | -23.8% |
| Tangible fixed assets | 22/27 | €4,448 | €4,834 | +€387 | +8.7% |
| Plant, machinery and equipment | 23 | €4,448 | €4,834 | +€387 | +8.7% |
| Current assets | 29/58 | €20,406 | €16,826 | -€3,580 | -17.5% |
| Amounts receivable within one year | 40/41 | €1,718 | €4,130 | +€2,412 | +140.3% |
| Trade receivables | 40 | €147 | - | -€147 | |
| Other amounts receivable | 41 | €1,572 | €4,130 | +€2,558 | +162.8% |
| Cash at bank and in hand | 54/58 | €18,102 | €12,003 | -€6,099 | -33.7% |
| Deferred charges and accrued income | 490/1 | €585 | €693 | +€108 | +18.4% |
| Total equity and liabilities | 10/49 | €26,262 | €22,734 | -€3,529 | -13.4% |
| Equity | 10/15 | €17,660 | €18,808 | +€1,147 | +6.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,545 | €5,682 | +€1,136 | +25.0% |
| Distributable reserves | 133 | €4,545 | €5,682 | +€1,136 | +25.0% |
| Profit (loss) carried forward | 14 | €8,115 | €8,126 | +€11 | +0.1% |
| Amounts payable | 17/49 | €8,602 | €3,926 | -€4,676 | -54.4% |
| Amounts payable within one year | 42/48 | €8,602 | €3,926 | -€4,676 | -54.4% |
| Trade debts | 44 | €423 | €1,036 | +€613 | +145.0% |
| Suppliers | 440/4 | €423 | €1,036 | +€613 | +145.0% |
| Taxes, remuneration and social security | 45 | €6,853 | €2,589 | -€4,264 | -62.2% |
| Taxes | 450/3 | €4,733 | €709 | -€4,024 | -85.0% |
| Remuneration and social security | 454/9 | €2,120 | €1,880 | -€240 | -11.3% |
| Other amounts payable | 47/48 | €1,326 | €301 | -€1,025 | -77.3% |
| Turnover | 70 | €103,358 | €111,406 | +€8,047 | +7.8% |
| Non-recurring operating income | 76A | €72 | €72 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €84,522 | €106,860 | +€22,338 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €675 | €1,637 | +€962 | +142.6% |
| Other operating charges | 640/8 | €1,110 | €633 | -€477 | -43.0% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €18,908 | €4,617 | -€14,291 | -75.6% |
| Operating profit (loss) | 9901 | €17,123 | €2,347 | -€14,776 | -86.3% |
| Financial charges | 65/66B | €538 | €416 | -€122 | -22.7% |
| Recurring financial charges | 65 | €538 | €416 | -€122 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €16,585 | €1,932 | -€14,654 | -88.4% |
| Income taxes | 67/77 | €3,925 | €784 | -€3,140 | -80.0% |
| Profit (loss) for the period | 9904 | €12,660 | €1,147 | -€11,513 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,660 | €1,147 | -€11,513 | -90.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.