PIKASOMED: 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.
PIKASOMED
Largest movements
- Cash +€20,504
up €20,504 (+104%), from €19,683 to €40,187
mainly Net result for the year (+€115,631) and Depreciation (+€42,794)
- Receivables after one year -€18,750
down €18,750 (-11.0%), from €170,010 to €151,260
- Receivables within one year -€10,715
down €10,715 (-6.2%), from €174,205 to €163,491
of which Trade receivables: -€32,856
- Reserves +€45,486
up €45,486 (+12.8%), from €356,020 to €401,506
of which Distributable reserves: +€45,486
- Other debts +€33,405
up €33,405 (+90.9%), from €36,739 to €70,145
- Debts after one year -€32,187
down €32,187 (-64.3%), from €50,096 to €17,909
- Current portion of long-term debt -€30,733
down €30,733 (-48.8%), from €62,920 to €32,187
- Tax, wage and social debts -€19,075
down €19,075 (-37.9%), from €50,274 to €31,199
of which Taxes: -€20,076
- Gross operating margin -€51,830
down €51,830 (-20.8%), from €249,546 to €197,716
- Taxes -€16,643
down €16,643 (-24.8%), from €67,194 to €50,552
- Financial income -€9,063
down €9,063 (-33.2%), from €27,313 to €18,250
of which Non-recurring financial income: -€9,826
- Depreciation +€4,348
up €4,348 (+11.3%), from €38,447 to €42,794
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 | €563,035 | €558,400 | -€4,636 | -0.8% |
| Fixed assets | 21/28 | €178,314 | €181,515 | +€3,201 | +1.8% |
| Tangible fixed assets | 22/27 | €178,314 | €181,515 | +€3,201 | +1.8% |
| Plant, machinery and equipment | 23 | €111,070 | €95,456 | -€15,614 | -14.1% |
| Furniture and vehicles | 24 | €67,201 | €84,413 | +€17,212 | +25.6% |
| Other tangible fixed assets | 26 | €43 | €1,646 | +€1,604 | +3,762% |
| Current assets | 29/58 | €384,722 | €376,884 | -€7,837 | -2.0% |
| Amounts receivable after more than one year | 29 | €170,010 | €151,260 | -€18,750 | -11.0% |
| Other amounts receivable | 291 | €170,010 | €151,260 | -€18,750 | -11.0% |
| Amounts receivable within one year | 40/41 | €174,205 | €163,491 | -€10,715 | -6.2% |
| Trade receivables | 40 | €61,586 | €28,730 | -€32,856 | -53.4% |
| Other amounts receivable | 41 | €112,619 | €134,761 | +€22,142 | +19.7% |
| Current investments | 50/53 | €9,883 | €9,883 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,683 | €40,187 | +€20,504 | +104% |
| Deferred charges and accrued income | 490/1 | €10,941 | €12,064 | +€1,123 | +10.3% |
| Total equity and liabilities | 10/49 | €563,035 | €558,400 | -€4,636 | -0.8% |
| Equity | 10/15 | €356,992 | €402,478 | +€45,486 | +12.7% |
| Contributions | 10/11 | €972 | €972 | = | 0.0% |
| Reserves | 13 | €356,020 | €401,506 | +€45,486 | +12.8% |
| Non-distributable reserves | 130/1 | €292 | €292 | = | 0.0% |
| Reserves not available under the articles | 1311 | €292 | €292 | = | 0.0% |
| Tax-exempt reserves | 132 | €65 | €65 | = | 0.0% |
| Distributable reserves | 133 | €355,663 | €401,149 | +€45,486 | +12.8% |
| Amounts payable | 17/49 | €206,043 | €155,921 | -€50,122 | -24.3% |
| Amounts payable after more than one year | 17 | €50,096 | €17,909 | -€32,187 | -64.3% |
| Financial debts | 170/4 | €50,096 | €17,909 | -€32,187 | -64.3% |
| Amounts payable within one year | 42/48 | €155,800 | €137,692 | -€18,108 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €62,920 | €32,187 | -€30,733 | -48.8% |
| Trade debts | 44 | €5,867 | €4,161 | -€1,706 | -29.1% |
| Suppliers | 440/4 | €5,867 | €4,161 | -€1,706 | -29.1% |
| Taxes, remuneration and social security | 45 | €50,274 | €31,199 | -€19,075 | -37.9% |
| Taxes | 450/3 | €46,474 | €26,398 | -€20,076 | -43.2% |
| Remuneration and social security | 454/9 | €3,800 | €4,801 | +€1,001 | +26.4% |
| Other amounts payable | 47/48 | €36,739 | €70,145 | +€33,405 | +90.9% |
| Accrued charges and deferred income | 492/3 | €147 | €320 | +€173 | +118% |
| Non-recurring operating income | 76A | - | €452 | +€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,447 | €42,794 | +€4,348 | +11.3% |
| Other operating charges | 640/8 | €1,594 | €1,384 | -€210 | -13.2% |
| Gross operating margin | 9900 | €249,546 | €197,716 | -€51,830 | -20.8% |
| Operating profit (loss) | 9901 | €209,506 | €153,538 | -€55,968 | -26.7% |
| Financial income | 75/76B | €27,313 | €18,250 | -€9,063 | -33.2% |
| Recurring financial income | 75 | €948 | €1,711 | +€762 | +80.4% |
| Non-recurring financial income | 76B | €26,365 | €16,539 | -€9,826 | -37.3% |
| Financial charges | 65/66B | €4,476 | €5,605 | +€1,129 | +25.2% |
| Recurring financial charges | 65 | €4,476 | €5,605 | +€1,129 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €232,343 | €166,183 | -€66,160 | -28.5% |
| Income taxes | 67/77 | €67,194 | €50,552 | -€16,643 | -24.8% |
| Profit (loss) for the period | 9904 | €165,149 | €115,631 | -€49,517 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €165,149 | €115,631 | -€49,517 | -30.0% |
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 28 October 2026 via checked.be.