PIKA: 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.
PIKA
Largest movements
- Cash -€28,329
down €28,329 (-71.3%), from €39,719 to €11,390
mainly Investment in fixed assets (net) (-€31,907) and Tax, wage and social debts (-€19,444)
- Tangible fixed assets +€24,959
up €24,959 (+57.6%), from €43,338 to €68,297
- Receivables within one year +€19,326
up €19,326 (+53.7%), from €35,969 to €55,295
of which Trade receivables: +€18,305
- Trade debts +€30,920
up €30,920 (+937.0%), from €3,300 to €34,220
- Tax, wage and social debts -€19,444
down €19,444 (-67.9%), from €28,619 to €9,175
- Reserves +€8,117
up €8,117 (+11.1%), from €73,335 to €81,453
- Accrued charges and deferred income -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Gross operating margin +€12,678
up €12,678 (+105.0%), from €12,072 to €24,750
- Depreciation +€4,881
up €4,881 (+236.1%), from €2,067 to €6,948
- Other operating charges +€2,986
up €2,986 (+190.0%), from €1,571 to €4,557
- Taxes +€1,868
up €1,868 (+72.1%), from €2,591 to €4,459
- Financial charges -€1,117
down €1,117 (-62.4%), from €1,791 to €674
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 | €123,472 | €138,088 | +€14,616 | +11.8% |
| Fixed assets | 21/28 | €43,338 | €68,297 | +€24,959 | +57.6% |
| Tangible fixed assets | 22/27 | €43,338 | €68,297 | +€24,959 | +57.6% |
| Other tangible fixed assets | 26 | €43,338 | €68,297 | +€24,959 | +57.6% |
| Current assets | 29/58 | €80,134 | €69,791 | -€10,343 | -12.9% |
| Amounts receivable within one year | 40/41 | €35,969 | €55,295 | +€19,326 | +53.7% |
| Trade receivables | 40 | €35,168 | €53,473 | +€18,305 | +52.0% |
| Other amounts receivable | 41 | €801 | €1,822 | +€1,021 | +127.5% |
| Cash at bank and in hand | 54/58 | €39,719 | €11,390 | -€28,329 | -71.3% |
| Deferred charges and accrued income | 490/1 | €4,445 | €3,105 | -€1,340 | -30.1% |
| Total equity and liabilities | 10/49 | €123,472 | €138,088 | +€14,616 | +11.8% |
| Equity | 10/15 | €78,335 | €86,453 | +€8,117 | +10.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,335 | €81,453 | +€8,117 | +11.1% |
| Distributable reserves | 133 | €73,335 | €81,453 | +€8,117 | +11.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €45,136 | €51,635 | +€6,498 | +14.4% |
| Amounts payable within one year | 42/48 | €41,136 | €51,635 | +€10,498 | +25.5% |
| Financial debts | 43 | €2,050 | €883 | -€1,167 | -56.9% |
| Credit institutions | 430/8 | €2,050 | €883 | -€1,167 | -56.9% |
| Trade debts | 44 | €3,300 | €34,220 | +€30,920 | +937.0% |
| Suppliers | 440/4 | €3,300 | €34,220 | +€30,920 | +937.0% |
| Taxes, remuneration and social security | 45 | €28,619 | €9,175 | -€19,444 | -67.9% |
| Taxes | 450/3 | €28,619 | €9,175 | -€19,444 | -67.9% |
| Other amounts payable | 47/48 | €7,167 | €7,357 | +€190 | +2.6% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,067 | €6,948 | +€4,881 | +236.1% |
| Other operating charges | 640/8 | €1,571 | €4,557 | +€2,986 | +190.0% |
| Gross operating margin | 9900 | €12,072 | €24,750 | +€12,678 | +105.0% |
| Operating profit (loss) | 9901 | €8,433 | €13,245 | +€4,812 | +57.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €1,791 | €674 | -€1,117 | -62.4% |
| Recurring financial charges | 65 | €1,791 | €674 | -€1,117 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €6,643 | €12,577 | +€5,934 | +89.3% |
| Income taxes | 67/77 | €2,591 | €4,459 | +€1,868 | +72.1% |
| Profit (loss) for the period | 9904 | €4,051 | €8,117 | +€4,066 | +100.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,051 | €8,117 | +€4,066 | +100.4% |
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 10 October 2026 via checked.be.