PIKANT LM: 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.
PIKANT LM
Largest movements
- Receivables within one year -€55,646
down €55,646 (-94.7%), from €58,782 to €3,136
of which Trade receivables: -€55,334
- Deferred charges and accrued income -€3,034
down €3,034 (-60.4%), from €5,025 to €1,991
- Cash +€1,703
up €1,703 (+54.7%), from €3,112 to €4,815
mainly Receivables within one year (+€55,646) and Other debts (+€24,009)
- Profit (loss) carried forward -€63,484
down €63,484 (-69.7%), from -€91,104 to -€154,588
- Other debts +€24,009
up €24,009 (+39.9%), from €60,103 to €84,112
- Trade debts -€8,587
down €8,587 (-16.5%), from €51,992 to €43,405
- Tax, wage and social debts -€8,485
down €8,485 (-31.5%), from €26,964 to €18,479
of which Remuneration and social security: -€5,745
- Gross operating margin -€57,897
down €57,897 (-56.7%), from €102,192 to €44,295
- Staff costs -€7,341
down €7,341 (-6.4%), from €114,787 to €107,446
- Other operating charges -€1,400
no longer reported in 2026 (was €1,400)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,985 | €10,008 | -€56,977 | -85.1% |
| Fixed assets | 21/28 | €66 | €66 | = | 0.0% |
| Financial fixed assets | 28 | €66 | €66 | = | 0.0% |
| Current assets | 29/58 | €66,919 | €9,942 | -€56,977 | -85.1% |
| Amounts receivable within one year | 40/41 | €58,782 | €3,136 | -€55,646 | -94.7% |
| Trade receivables | 40 | €56,349 | €1,016 | -€55,334 | -98.2% |
| Other amounts receivable | 41 | €2,433 | €2,120 | -€312 | -12.8% |
| Cash at bank and in hand | 54/58 | €3,112 | €4,815 | +€1,703 | +54.7% |
| Deferred charges and accrued income | 490/1 | €5,025 | €1,991 | -€3,034 | -60.4% |
| Total equity and liabilities | 10/49 | €66,985 | €10,008 | -€56,977 | -85.1% |
| Equity | 10/15 | -€72,504 | -€135,988 | -€63,484 | -87.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,104 | -€154,588 | -€63,484 | -69.7% |
| Amounts payable | 17/49 | €139,489 | €145,997 | +€6,508 | +4.7% |
| Amounts payable within one year | 42/48 | €139,489 | €145,997 | +€6,508 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €430 | - | -€430 | |
| Trade debts | 44 | €51,992 | €43,405 | -€8,587 | -16.5% |
| Suppliers | 440/4 | €51,992 | €43,405 | -€8,587 | -16.5% |
| Taxes, remuneration and social security | 45 | €26,964 | €18,479 | -€8,485 | -31.5% |
| Taxes | 450/3 | €6,158 | €3,417 | -€2,741 | -44.5% |
| Remuneration and social security | 454/9 | €20,807 | €15,062 | -€5,745 | -27.6% |
| Other amounts payable | 47/48 | €60,103 | €84,112 | +€24,009 | +39.9% |
| Remuneration, social security and pensions | 62 | €114,787 | €107,446 | -€7,341 | -6.4% |
| Other operating charges | 640/8 | €1,400 | - | -€1,400 | |
| Gross operating margin | 9900 | €102,192 | €44,295 | -€57,897 | -56.7% |
| Operating profit (loss) | 9901 | -€13,994 | -€63,151 | -€49,156 | -351% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €867 | €334 | -€534 | -61.5% |
| Recurring financial charges | 65 | €867 | €334 | -€534 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,836 | -€63,484 | -€48,649 | -328% |
| Profit (loss) for the period | 9904 | -€14,836 | -€63,484 | -€48,649 | -328% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,836 | -€63,484 | -€48,649 | -328% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.