PIKAMI: 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.
PIKAMI
Largest movements
- Cash -€37,118
down €37,118 (-31.1%), from €119,188 to €82,070
mainly Net result for the year (-€43,775) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets -€12,741
down €12,741 (-8.4%), from €152,243 to €139,502
of which Land and buildings: -€12,488
- Receivables within one year -€8,000
down €8,000 (-87.1%), from €9,182 to €1,182
of which Trade receivables: -€8,000
- Deferred charges and accrued income -€4,869
no longer reported in 2025 (was €4,869)
- Profit (loss) carried forward -€43,775
down €43,775 (-51.6%), from -€84,774 to -€128,548
- Reserves -€30,000
down €30,000 (-10.2%), from €293,284 to €263,284
of which Distributable reserves: -€30,000
- Trade debts +€5,296
up €5,296 (+65.9%), from €8,038 to €13,334
- Other debts +€4,383
up €4,383 (+1416.4%), from €309 to €4,693
- Gross operating margin -€43,371
down €43,371, from €22,156 to -€21,215
- Other operating charges -€14,057
down €14,057 (-78.8%), from €17,829 to €3,772
- Financial charges -€2,044
down €2,044 (-48.7%), from €4,199 to €2,155
- Financial income -€817
down €817 (-77.4%), from €1,055 to €238
- Staff costs -€500
no longer reported in 2025 (was €500)
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 | €285,482 | €222,754 | -€62,728 | -22.0% |
| Fixed assets | 21/28 | €152,243 | €139,502 | -€12,741 | -8.4% |
| Tangible fixed assets | 22/27 | €152,243 | €139,502 | -€12,741 | -8.4% |
| Land and buildings | 22 | €151,990 | €139,502 | -€12,488 | -8.2% |
| Furniture and vehicles | 24 | €253 | - | -€253 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €133,239 | €83,252 | -€49,987 | -37.5% |
| Amounts receivable within one year | 40/41 | €9,182 | €1,182 | -€8,000 | -87.1% |
| Trade receivables | 40 | €8,000 | - | -€8,000 | |
| Other amounts receivable | 41 | €1,182 | €1,182 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,188 | €82,070 | -€37,118 | -31.1% |
| Deferred charges and accrued income | 490/1 | €4,869 | - | -€4,869 | |
| Total equity and liabilities | 10/49 | €285,482 | €222,754 | -€62,728 | -22.0% |
| Equity | 10/15 | €276,716 | €202,941 | -€73,775 | -26.7% |
| Contributions | 10/11 | €68,205 | €68,205 | = | 0.0% |
| Capital | 10 | €68,205 | €68,205 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €293,284 | €263,284 | -€30,000 | -10.2% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €285,224 | €255,224 | -€30,000 | -10.5% |
| Profit (loss) carried forward | 14 | -€84,774 | -€128,548 | -€43,775 | -51.6% |
| Amounts payable | 17/49 | €8,767 | €19,813 | +€11,047 | +126.0% |
| Amounts payable within one year | 42/48 | €8,767 | €19,813 | +€11,047 | +126.0% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €8,038 | €13,334 | +€5,296 | +65.9% |
| Suppliers | 440/4 | €8,038 | €13,334 | +€5,296 | +65.9% |
| Taxes, remuneration and social security | 45 | €419 | €1,782 | +€1,363 | +325.3% |
| Taxes | 450/3 | €419 | €1,782 | +€1,363 | +325.3% |
| Other amounts payable | 47/48 | €309 | €4,693 | +€4,383 | +1416.4% |
| Remuneration, social security and pensions | 62 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,739 | €16,794 | +€56 | +0.3% |
| Other operating charges | 640/8 | €17,829 | €3,772 | -€14,057 | -78.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,156 | -€21,215 | -€43,371 | |
| Operating profit (loss) | 9901 | -€12,912 | -€41,781 | -€28,870 | -223.6% |
| Financial income | 75/76B | €1,055 | €238 | -€817 | -77.4% |
| Recurring financial income | 75 | €1,055 | €238 | -€817 | -77.4% |
| Financial charges | 65/66B | €4,199 | €2,155 | -€2,044 | -48.7% |
| Recurring financial charges | 65 | €4,199 | €2,155 | -€2,044 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,056 | -€43,698 | -€27,642 | -172.2% |
| Income taxes | 67/77 | €128 | €77 | -€51 | -40.1% |
| Profit (loss) for the period | 9904 | -€16,184 | -€43,775 | -€27,590 | -170.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,184 | -€43,775 | -€27,590 | -170.5% |
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 4 October 2026 via checked.be.