PICXOU FIRST: 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.
PICXOU FIRST
Largest movements
- Tangible fixed assets -€1,017
down €1,017 (-12.9%), from €7,873 to €6,856
of which Other tangible fixed assets: -€585
- Cash -€997
down €997 (-78.0%), from €1,279 to €282
mainly Net result for the year (-€15,127) and Trade debts (-€5,048)
- Receivables within one year +€651
up €651 (+98.7%), from €660 to €1,311
of which Trade receivables: +€483
- Other debts +€18,811
up €18,811 (+121%), from €15,532 to €34,343
- Profit (loss) carried forward -€15,127
down €15,127 (-136%), from -€11,127 to -€26,254
- Trade debts -€5,048
down €5,048 (-93.4%), from €5,406 to €358
- Gross operating margin -€5,738
down €5,738 (-69.5%), from -€8,259 to -€13,996
- Depreciation +€878
up €878 (+633%), from €139 to €1,017
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 | €9,812 | €8,449 | -€1,363 | -13.9% |
| Fixed assets | 21/28 | €7,873 | €6,856 | -€1,017 | -12.9% |
| Tangible fixed assets | 22/27 | €7,873 | €6,856 | -€1,017 | -12.9% |
| Furniture and vehicles | 24 | €2,071 | €1,639 | -€432 | -20.9% |
| Other tangible fixed assets | 26 | €5,802 | €5,217 | -€585 | -10.1% |
| Current assets | 29/58 | €1,939 | €1,593 | -€346 | -17.9% |
| Amounts receivable within one year | 40/41 | €660 | €1,311 | +€651 | +98.7% |
| Trade receivables | 40 | - | €483 | +€483 | |
| Other amounts receivable | 41 | €660 | €828 | +€168 | +25.4% |
| Cash at bank and in hand | 54/58 | €1,279 | €282 | -€997 | -78.0% |
| Total equity and liabilities | 10/49 | €9,812 | €8,449 | -€1,363 | -13.9% |
| Equity | 10/15 | -€11,126 | -€26,253 | -€15,127 | -136% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,127 | -€26,254 | -€15,127 | -136% |
| Amounts payable | 17/49 | €20,938 | €34,701 | +€13,764 | +65.7% |
| Amounts payable within one year | 42/48 | €20,938 | €34,701 | +€13,764 | +65.7% |
| Trade debts | 44 | €5,406 | €358 | -€5,048 | -93.4% |
| Suppliers | 440/4 | €5,406 | €358 | -€5,048 | -93.4% |
| Other amounts payable | 47/48 | €15,532 | €34,343 | +€18,811 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139 | €1,017 | +€878 | +633% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€8,259 | -€13,996 | -€5,738 | -69.5% |
| Operating profit (loss) | 9901 | -€8,398 | -€15,079 | -€6,682 | -79.6% |
| Financial charges | 65/66B | €8 | €48 | +€40 | +500% |
| Recurring financial charges | 65 | €8 | €48 | +€40 | +500% |
| Profit (loss) for the period before taxes | 9903 | -€8,406 | -€15,127 | -€6,722 | -80.0% |
| Profit (loss) for the period | 9904 | -€8,406 | -€15,127 | -€6,722 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,406 | -€15,127 | -€6,722 | -80.0% |
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 24 October 2026 via checked.be.