PIK AND GO: what changed
PIK AND GO
Largest movements
- Tangible fixed assets -€6,070
down €6,070 (-30.5%), from €19,929 to €13,858
of which Furniture and vehicles: -€9,790
- Receivables within one year +€3,437
up €3,437 (+59.2%), from €5,805 to €9,241
of which Other amounts receivable: +€1,937
- Cash +€2,083
up €2,083 (+16.6%), from €12,517 to €14,600
mainly Net result for the year (+€11,798) and Depreciation (+€10,063)
- Deferred charges and accrued income -€1,976
down €1,976 (-17.0%), from €11,645 to €9,669
- Current portion of long-term debt -€12,229
down €12,229 (-66.3%), from €18,449 to €6,220
- Profit (loss) carried forward +€11,798
up €11,798, from -€10,134 to €1,664
- Debts after one year -€3,865
no longer reported in 2025 (was €3,865)
- Other debts +€1,209
up €1,209 (+73.7%), from €1,640 to €2,849
- Trade debts +€559
up €559 (+120%), from €466 to €1,025
- Depreciation -€5,220
down €5,220 (-34.2%), from €15,283 to €10,063
- Taxes +€3,868
up €3,868 (+324%), from €1,195 to €5,063
- Gross operating margin +€1,229
up €1,229 (+4.5%), from €27,588 to €28,816
- Financial charges -€380
down €380 (-40.2%), from €946 to €565
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,896 | €47,369 | -€2,527 | -5.1% |
| Fixed assets | 21/28 | €19,929 | €13,858 | -€6,070 | -30.5% |
| Tangible fixed assets | 22/27 | €19,929 | €13,858 | -€6,070 | -30.5% |
| Furniture and vehicles | 24 | €19,929 | €10,139 | -€9,790 | -49.1% |
| Other tangible fixed assets | 26 | - | €3,720 | +€3,720 | |
| Current assets | 29/58 | €29,967 | €33,511 | +€3,544 | +11.8% |
| Amounts receivable within one year | 40/41 | €5,805 | €9,241 | +€3,437 | +59.2% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €5,805 | €7,741 | +€1,937 | +33.4% |
| Cash at bank and in hand | 54/58 | €12,517 | €14,600 | +€2,083 | +16.6% |
| Deferred charges and accrued income | 490/1 | €11,645 | €9,669 | -€1,976 | -17.0% |
| Total equity and liabilities | 10/49 | €49,896 | €47,369 | -€2,527 | -5.1% |
| Equity | 10/15 | €24,326 | €36,124 | +€11,798 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,860 | €15,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,134 | €1,664 | +€11,798 | |
| Amounts payable | 17/49 | €25,570 | €11,245 | -€14,325 | -56.0% |
| Amounts payable after more than one year | 17 | €3,865 | - | -€3,865 | |
| Financial debts | 170/4 | €3,865 | - | -€3,865 | |
| Amounts payable within one year | 42/48 | €21,705 | €11,245 | -€10,460 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €18,449 | €6,220 | -€12,229 | -66.3% |
| Trade debts | 44 | €466 | €1,025 | +€559 | +120% |
| Suppliers | 440/4 | €466 | €1,025 | +€559 | +120% |
| Taxes, remuneration and social security | 45 | €1,150 | €1,150 | = | 0.0% |
| Taxes | 450/3 | €1,150 | €1,150 | = | 0.0% |
| Other amounts payable | 47/48 | €1,640 | €2,849 | +€1,209 | +73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,283 | €10,063 | -€5,220 | -34.2% |
| Other operating charges | 640/8 | €1,223 | €1,326 | +€103 | +8.4% |
| Gross operating margin | 9900 | €27,588 | €28,816 | +€1,229 | +4.5% |
| Operating profit (loss) | 9901 | €11,082 | €17,427 | +€6,345 | +57.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -39.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -39.5% |
| Financial charges | 65/66B | €946 | €565 | -€380 | -40.2% |
| Recurring financial charges | 65 | €946 | €565 | -€380 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €10,136 | €16,862 | +€6,725 | +66.3% |
| Income taxes | 67/77 | €1,195 | €5,063 | +€3,868 | +324% |
| Profit (loss) for the period | 9904 | €8,941 | €11,798 | +€2,857 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,941 | €11,798 | +€2,857 | +32.0% |
Next steps
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 2 November 2026 via checked.be.