PICUS FARMA: what changed
What changed
PICUS FARMA
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€62,127
2024 · €8,325+€53,802
Equity
€161,124
2024 · €99,830+€61,294
Cash
€19,999
2024 · €15,259+€4,740
Balance sheet total
€1.5m
2024 · €1.5m+€535
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Accrued charges and deferred income -€1.2m
down €1.2m (-99.5%), from €1.2m to €5,923
- Debts after one year +€767,917
up €767,917 (+1,024%), from €75,000 to €842,917
- Current portion of long-term debt +€402,917
new in 2025: €402,917
- Reserves +€61,294
up €61,294 (+64.6%), from €94,830 to €156,124
Income statement
- Gross operating margin +€108,870
up €108,870 (+692%), from €15,740 to €124,610
- Financial charges +€37,221
up €37,221 (+21,397%), from €174 to €37,394
- Taxes +€19,025
up €19,025 (+544%), from €3,497 to €22,523
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,325
Gross operating margin
+€108,870
Depreciation
+€1,202
Other operating charges
-€25
Financial income
+€0
Financial charges
-€37,221
Taxes
-€19,025
Result 2025
€62,127
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
+€5,351
Financing
+€1.2m
Cash 2024
€15,259
From operations (derived)
-€1.2m
Net result for the year
+€62,127
Depreciation
+€1,583
Smaller working-capital items
-€5,454
Tax, wage and social debts
-€11,318
Other debts
-€5,190
Accrued charges and deferred income
-€1.2m
Investment (derived)
+€5,351
Investment in fixed assets (net)
+€5,351
Financing
+€1.2m
Debts after one year
+€767,917
Current portion of long-term debt
+€402,917
Contributions, distributions and other
-€833
Cash 2025
€19,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,469,216 | €1,469,751 | +€535 | 0.0% |
| Fixed assets | 21/28 | €1,449,916 | €1,442,982 | -€6,934 | -0.5% |
| Tangible fixed assets | 22/27 | €1,583 | €0 | -€1,583 | -100% |
| Furniture and vehicles | 24 | €1,583 | €0 | -€1,583 | -100% |
| Financial fixed assets | 28 | €1,448,333 | €1,442,982 | -€5,351 | -0.4% |
| Current assets | 29/58 | €19,300 | €26,769 | +€7,469 | +38.7% |
| Amounts receivable within one year | 40/41 | €2,843 | €5,321 | +€2,477 | +87.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,843 | €5,321 | +€2,477 | +87.1% |
| Cash at bank and in hand | 54/58 | €15,259 | €19,999 | +€4,740 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,198 | €1,449 | +€251 | +21.0% |
| Total equity and liabilities | 10/49 | €1,469,216 | €1,469,751 | +€535 | 0.0% |
| Equity | 10/15 | €99,830 | €161,124 | +€61,294 | +61.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,830 | €156,124 | +€61,294 | +64.6% |
| Distributable reserves | 133 | €94,830 | €156,124 | +€61,294 | +64.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,369,386 | €1,308,627 | -€60,759 | -4.4% |
| Amounts payable after more than one year | 17 | €75,000 | €842,917 | +€767,917 | +1,024% |
| Financial debts | 170/4 | €75,000 | €842,917 | +€767,917 | +1,024% |
| Amounts payable within one year | 42/48 | €76,103 | €459,788 | +€383,684 | +504% |
| Current portion of amounts payable after more than one year | 42 | - | €402,917 | +€402,917 | |
| Trade debts | 44 | €4,072 | €1,347 | -€2,725 | -66.9% |
| Suppliers | 440/4 | €4,072 | €1,347 | -€2,725 | -66.9% |
| Taxes, remuneration and social security | 45 | €22,022 | €10,704 | -€11,318 | -51.4% |
| Taxes | 450/3 | €22,022 | €10,704 | -€11,318 | -51.4% |
| Other amounts payable | 47/48 | €50,010 | €44,820 | -€5,190 | -10.4% |
| Accrued charges and deferred income | 492/3 | €1,218,283 | €5,923 | -€1.2m | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,785 | €1,583 | -€1,202 | -43.2% |
| Other operating charges | 640/8 | €895 | €920 | +€25 | +2.7% |
| Non-recurring operating charges | 66A | €63 | €63 | +€0 | +0.5% |
| Gross operating margin | 9900 | €15,740 | €124,610 | +€108,870 | +692% |
| Operating profit (loss) | 9901 | €11,997 | €122,044 | +€110,047 | +917% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €174 | €37,394 | +€37,221 | +21,397% |
| Recurring financial charges | 65 | €174 | €37,394 | +€37,221 | +21,397% |
| Profit (loss) for the period before taxes | 9903 | €11,823 | €84,649 | +€72,827 | +616% |
| Income taxes | 67/77 | €3,497 | €22,523 | +€19,025 | +544% |
| Profit (loss) for the period | 9904 | €8,325 | €62,127 | +€53,802 | +646% |
| Profit (loss) for the period to be appropriated | 9905 | €8,325 | €62,127 | +€53,802 | +646% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.