PIKANA: 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.
PIKANA
Largest movements
- Tangible fixed assets -€9,918
down €9,918 (-2.6%), from €374,818 to €364,900
- Cash -€8,961
down €8,961 (-75.2%), from €11,915 to €2,955
mainly Short-term financial debts (-€19,926) and Net result for the year (-€7,064)
- Short-term financial debts -€19,926
down €19,926 (-16.9%), from €118,000 to €98,074
- Other debts +€8,112
up €8,112 (+2.6%), from €306,712 to €314,823
- Profit (loss) carried forward -€7,064
down €7,064 (-6.9%), from -€102,746 to -€109,810
- Financial charges -€17,359
down €17,359 (-59.4%), from €29,232 to €11,873
- Gross operating margin +€3,921
up €3,921 (+32.2%), from €12,175 to €16,097
- Other operating charges -€1,620
down €1,620 (-54.2%), from €2,991 to €1,371
- Depreciation -€983
down €983 (-9.0%), from €10,901 to €9,918
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 | €386,733 | €367,855 | -€18,878 | -4.9% |
| Fixed assets | 21/28 | €374,818 | €364,900 | -€9,918 | -2.6% |
| Tangible fixed assets | 22/27 | €374,818 | €364,900 | -€9,918 | -2.6% |
| Land and buildings | 22 | €374,818 | €364,900 | -€9,918 | -2.6% |
| Current assets | 29/58 | €11,915 | €2,955 | -€8,961 | -75.2% |
| Cash at bank and in hand | 54/58 | €11,915 | €2,955 | -€8,961 | -75.2% |
| Total equity and liabilities | 10/49 | €386,733 | €367,855 | -€18,878 | -4.9% |
| Equity | 10/15 | -€38,414 | -€45,478 | -€7,064 | -18.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €33,345 | €33,345 | = | 0.0% |
| Distributable reserves | 133 | €33,345 | €33,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,746 | -€109,810 | -€7,064 | -6.9% |
| Amounts payable | 17/49 | €425,147 | €413,333 | -€11,814 | -2.8% |
| Amounts payable within one year | 42/48 | €425,147 | €413,333 | -€11,814 | -2.8% |
| Financial debts | 43 | €118,000 | €98,074 | -€19,926 | -16.9% |
| Credit institutions | 430/8 | €118,000 | €98,074 | -€19,926 | -16.9% |
| Trade debts | 44 | €436 | €436 | = | 0.0% |
| Suppliers | 440/4 | €436 | €436 | = | 0.0% |
| Other amounts payable | 47/48 | €306,712 | €314,823 | +€8,112 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,901 | €9,918 | -€983 | -9.0% |
| Other operating charges | 640/8 | €2,991 | €1,371 | -€1,620 | -54.2% |
| Gross operating margin | 9900 | €12,175 | €16,097 | +€3,921 | +32.2% |
| Operating profit (loss) | 9901 | -€1,717 | €4,808 | +€6,525 | |
| Financial charges | 65/66B | €29,232 | €11,873 | -€17,359 | -59.4% |
| Recurring financial charges | 65 | €29,232 | €11,873 | -€17,359 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | -€30,949 | -€7,064 | +€23,885 | +77.2% |
| Profit (loss) for the period | 9904 | -€30,949 | -€7,064 | +€23,885 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,949 | -€7,064 | +€23,885 | +77.2% |
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 21 October 2026 via checked.be.