PICUBE: 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.
PICUBE
Largest movements
- Tangible fixed assets -€16,184
down €16,184 (-5.4%), from €298,473 to €282,289
- Cash -€4,402
down €4,402 (-80.7%), from €5,458 to €1,056
mainly Current portion of long-term debt (-€32,225) and Smaller working-capital items (-€1)
- Current portion of long-term debt -€32,225
no longer reported in 2025 (was €32,225)
- Profit (loss) carried forward +€4,606
up €4,606 (+22.8%), from €20,239 to €24,845
- Other debts +€3,313
up €3,313 (+2.5%), from €134,784 to €138,097
- Gross operating margin +€2,268
up €2,268 (+9.4%), from €24,081 to €26,349
- Financial charges -€1,079
down €1,079 (-58.3%), from €1,849 to €770
- Taxes +€950
up €950 (+116.6%), from €815 to €1,765
- Depreciation -€401
down €401 (-2.4%), from €16,585 to €16,184
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 | €305,051 | €284,465 | -€20,586 | -6.7% |
| Fixed assets | 21/28 | €298,473 | €282,289 | -€16,184 | -5.4% |
| Tangible fixed assets | 22/27 | €298,473 | €282,289 | -€16,184 | -5.4% |
| Land and buildings | 22 | €298,473 | €282,289 | -€16,184 | -5.4% |
| Current assets | 29/58 | €6,578 | €2,176 | -€4,402 | -66.9% |
| Amounts receivable after more than one year | 29 | €1,093 | €1,093 | -€0 | 0.0% |
| Other amounts receivable | 291 | €1,093 | €1,093 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €26 | €27 | +€1 | +2.4% |
| Other amounts receivable | 41 | €26 | €27 | +€1 | +2.4% |
| Cash at bank and in hand | 54/58 | €5,458 | €1,056 | -€4,402 | -80.7% |
| Total equity and liabilities | 10/49 | €305,051 | €284,465 | -€20,586 | -6.7% |
| Equity | 10/15 | €112,455 | €117,061 | +€4,606 | +4.1% |
| Contributions | 10/11 | €90,000 | €92,216 | +€2,216 | +2.5% |
| Capital | 10 | €90,000 | - | -€90,000 | |
| Issued capital | 100 | €90,000 | - | -€90,000 | |
| Reserves | 13 | €2,216 | - | -€2,216 | |
| Non-distributable reserves | 130/1 | €2,216 | - | -€2,216 | |
| Legal reserve | 130 | €2,216 | - | -€2,216 | |
| Profit (loss) carried forward | 14 | €20,239 | €24,845 | +€4,606 | +22.8% |
| Provisions and deferred taxes | 16 | €19,330 | €19,330 | -€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,330 | €19,330 | -€0 | 0.0% |
| Major repairs and maintenance | 162 | €19,330 | €19,330 | -€0 | 0.0% |
| Amounts payable | 17/49 | €173,266 | €148,074 | -€25,192 | -14.5% |
| Amounts payable after more than one year | 17 | €1,530 | €1,530 | = | 0.0% |
| Other amounts payable | 178/9 | €1,530 | €1,530 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,736 | €146,044 | -€25,692 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €32,225 | - | -€32,225 | |
| Trade debts | 44 | €3,911 | €5,582 | +€1,671 | +42.7% |
| Suppliers | 440/4 | €3,911 | €5,582 | +€1,671 | +42.7% |
| Taxes, remuneration and social security | 45 | €815 | €2,365 | +€1,550 | +190.2% |
| Taxes | 450/3 | €815 | €2,365 | +€1,550 | +190.2% |
| Other amounts payable | 47/48 | €134,784 | €138,097 | +€3,313 | +2.5% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,585 | €16,184 | -€401 | -2.4% |
| Other operating charges | 640/8 | €2,920 | €3,025 | +€105 | +3.6% |
| Gross operating margin | 9900 | €24,081 | €26,349 | +€2,268 | +9.4% |
| Operating profit (loss) | 9901 | €4,576 | €7,140 | +€2,564 | +56.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +156.4% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +156.4% |
| Financial charges | 65/66B | €1,849 | €770 | -€1,079 | -58.3% |
| Recurring financial charges | 65 | €1,849 | €770 | -€1,079 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €2,728 | €6,371 | +€3,643 | +133.6% |
| Income taxes | 67/77 | €815 | €1,765 | +€950 | +116.6% |
| Profit (loss) for the period | 9904 | €1,913 | €4,606 | +€2,693 | +140.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,913 | €4,606 | +€2,693 | +140.8% |
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 1 October 2026 via checked.be.