Pictureweb: 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.
Pictureweb
Largest movements
- Cash +€14,463
up €14,463 (+107%), from €13,573 to €28,037
mainly Net result for the year (+€49,522) and Other debts (+€23,096)
- Receivables within one year +€13,045
up €13,045 (+30.1%), from €43,300 to €56,345
of which Trade receivables: +€12,725
- Tangible fixed assets -€4,514
down €4,514 (-35.5%), from €12,699 to €8,185
of which Furniture and vehicles: -€3,761
- Other debts +€23,096
up €23,096 (+66.0%), from €35,000 to €58,096
- Trade debts -€1,277
down €1,277 (-46.9%), from €2,725 to €1,448
- Gross operating margin +€15,560
up €15,560 (+25.4%), from €61,309 to €76,869
- Financial income -€10,530
down €10,530 (-100.0%), from €10,532 to €1
- Depreciation -€1,806
down €1,806 (-20.0%), from €9,019 to €7,213
- Taxes +€1,574
up €1,574 (+9.1%), from €17,220 to €18,794
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 | €71,058 | €93,281 | +€22,223 | +31.3% |
| Fixed assets | 21/28 | €12,699 | €8,185 | -€4,514 | -35.5% |
| Tangible fixed assets | 22/27 | €12,699 | €8,185 | -€4,514 | -35.5% |
| Plant, machinery and equipment | 23 | €4,052 | €3,300 | -€752 | -18.6% |
| Furniture and vehicles | 24 | €8,646 | €4,885 | -€3,761 | -43.5% |
| Current assets | 29/58 | €58,359 | €85,096 | +€26,737 | +45.8% |
| Amounts receivable within one year | 40/41 | €43,300 | €56,345 | +€13,045 | +30.1% |
| Trade receivables | 40 | €40,930 | €53,655 | +€12,725 | +31.1% |
| Other amounts receivable | 41 | €2,370 | €2,690 | +€320 | +13.5% |
| Cash at bank and in hand | 54/58 | €13,573 | €28,037 | +€14,463 | +107% |
| Deferred charges and accrued income | 490/1 | €1,486 | €715 | -€771 | -51.9% |
| Total equity and liabilities | 10/49 | €71,058 | €93,281 | +€22,223 | +31.3% |
| Equity | 10/15 | €28,709 | €28,709 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,109 | €10,109 | = | 0.0% |
| Distributable reserves | 133 | €10,109 | €10,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,348 | €64,571 | +€22,223 | +52.5% |
| Amounts payable within one year | 42/48 | €42,348 | €64,571 | +€22,223 | +52.5% |
| Trade debts | 44 | €2,725 | €1,448 | -€1,277 | -46.9% |
| Suppliers | 440/4 | €2,725 | €1,448 | -€1,277 | -46.9% |
| Taxes, remuneration and social security | 45 | €4,624 | €5,027 | +€404 | +8.7% |
| Taxes | 450/3 | €4,624 | €5,027 | +€404 | +8.7% |
| Other amounts payable | 47/48 | €35,000 | €58,096 | +€23,096 | +66.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,019 | €7,213 | -€1,806 | -20.0% |
| Other operating charges | 640/8 | €1,164 | €1,187 | +€23 | +2.0% |
| Gross operating margin | 9900 | €61,309 | €76,869 | +€15,560 | +25.4% |
| Operating profit (loss) | 9901 | €51,126 | €68,469 | +€17,343 | +33.9% |
| Financial income | 75/76B | €10,532 | €1 | -€10,530 | -100.0% |
| Recurring financial income | 75 | €10,532 | €1 | -€10,530 | -100.0% |
| Financial charges | 65/66B | €135 | €155 | +€20 | +14.7% |
| Recurring financial charges | 65 | €135 | €155 | +€20 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €61,523 | €68,316 | +€6,793 | +11.0% |
| Income taxes | 67/77 | €17,220 | €18,794 | +€1,574 | +9.1% |
| Profit (loss) for the period | 9904 | €44,303 | €49,522 | +€5,219 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,303 | €49,522 | +€5,219 | +11.8% |
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 16 October 2026 via checked.be.