PIKILAIN: 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.
PIKILAIN
Largest movements
- Current investments +€73,410
up €73,410 (+78.2%), from €93,914 to €167,325
- Cash -€18,469
down €18,469 (-26.0%), from €71,125 to €52,656
mainly Current investments (-€73,410) and Investment in fixed assets (net) (-€27,519)
- Tangible fixed assets -€13,330
down €13,330 (-1.9%), from €693,579 to €680,249
of which Land and buildings: -€20,232
- Profit (loss) carried forward +€57,645
up €57,645 (+61.9%), from €93,185 to €150,829
- Other debts -€15,676
down €15,676 (-7.8%), from €201,927 to €186,251
- Gross operating margin +€25,410
up €25,410 (+24.6%), from €103,097 to €128,507
- Financial income +€12,769
up €12,769 (+4,911,235%), from €0 to €12,769
- Taxes +€7,267
up €7,267 (+59.4%), from €12,228 to €19,495
- Depreciation +€6,324
up €6,324 (+18.3%), from €34,525 to €40,850
- Financial charges +€1,799
up €1,799 (+9.6%), from €18,648 to €20,447
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 | €902,540 | €945,208 | +€42,668 | +4.7% |
| Fixed assets | 21/28 | €696,079 | €682,749 | -€13,330 | -1.9% |
| Tangible fixed assets | 22/27 | €693,579 | €680,249 | -€13,330 | -1.9% |
| Land and buildings | 22 | €619,401 | €599,169 | -€20,232 | -3.3% |
| Plant, machinery and equipment | 23 | €3,980 | €20,946 | +€16,966 | +426% |
| Furniture and vehicles | 24 | €70,197 | €60,133 | -€10,064 | -14.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €206,461 | €262,459 | +€55,998 | +27.1% |
| Amounts receivable within one year | 40/41 | €39,492 | €40,709 | +€1,217 | +3.1% |
| Trade receivables | 40 | €32,113 | €40,504 | +€8,391 | +26.1% |
| Other amounts receivable | 41 | €7,378 | €205 | -€7,174 | -97.2% |
| Current investments | 50/53 | €93,914 | €167,325 | +€73,410 | +78.2% |
| Cash at bank and in hand | 54/58 | €71,125 | €52,656 | -€18,469 | -26.0% |
| Deferred charges and accrued income | 490/1 | €1,930 | €1,770 | -€161 | -8.3% |
| Total equity and liabilities | 10/49 | €902,540 | €945,208 | +€42,668 | +4.7% |
| Equity | 10/15 | €204,260 | €261,905 | +€57,645 | +28.2% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €92,375 | €92,375 | = | 0.0% |
| Tax-exempt reserves | 132 | €67 | €67 | = | 0.0% |
| Distributable reserves | 133 | €92,308 | €92,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,185 | €150,829 | +€57,645 | +61.9% |
| Amounts payable | 17/49 | €698,280 | €683,303 | -€14,977 | -2.1% |
| Amounts payable after more than one year | 17 | €464,000 | €464,000 | = | 0.0% |
| Financial debts | 170/4 | €464,000 | €464,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,902 | €200,925 | -€14,977 | -6.9% |
| Trade debts | 44 | €1,727 | €2,973 | +€1,247 | +72.2% |
| Suppliers | 440/4 | €1,727 | €2,973 | +€1,247 | +72.2% |
| Advances received on contracts in progress | 46 | - | €3,433 | +€3,433 | |
| Taxes, remuneration and social security | 45 | €12,248 | €8,267 | -€3,981 | -32.5% |
| Taxes | 450/3 | €12,248 | €8,267 | -€3,981 | -32.5% |
| Other amounts payable | 47/48 | €201,927 | €186,251 | -€15,676 | -7.8% |
| Accrued charges and deferred income | 492/3 | €18,378 | €18,378 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,525 | €40,850 | +€6,324 | +18.3% |
| Other operating charges | 640/8 | €1,556 | €2,840 | +€1,283 | +82.5% |
| Gross operating margin | 9900 | €103,097 | €128,507 | +€25,410 | +24.6% |
| Operating profit (loss) | 9901 | €67,016 | €84,817 | +€17,802 | +26.6% |
| Financial income | 75/76B | €0 | €12,769 | +€12,769 | +4,911,235% |
| Recurring financial income | 75 | €0 | €12,769 | +€12,769 | +4,911,235% |
| Financial charges | 65/66B | €18,648 | €20,447 | +€1,799 | +9.6% |
| Recurring financial charges | 65 | €18,648 | €20,447 | +€1,799 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €48,368 | €77,139 | +€28,772 | +59.5% |
| Income taxes | 67/77 | €12,228 | €19,495 | +€7,267 | +59.4% |
| Profit (loss) for the period | 9904 | €36,140 | €57,645 | +€21,505 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,140 | €57,645 | +€21,505 | +59.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.