Pikland: 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.
Pikland
Largest movements
- Cash -€19,989
down €19,989 (-54.9%), from €36,387 to €16,398
mainly Receivables within one year (-€16,763) and Trade debts (-€7,243)
- Receivables within one year +€16,763
up €16,763 (+144%), from €11,676 to €28,439
of which Trade receivables: +€15,501
- Tangible fixed assets -€5,797
down €5,797 (-23.9%), from €24,260 to €18,463
of which Plant, machinery and equipment: -€4,600
- Stocks and contracts +€2,869
up €2,869 (+63.9%), from €4,488 to €7,358
- Trade debts -€7,243
down €7,243 (-64.8%), from €11,179 to €3,936
- Short-term financial debts -€2,371
no longer reported in 2025 (was €2,371)
- Reserves +€2,289
up €2,289 (+4.5%), from €51,402 to €53,691
- Staff costs +€8,318
up €8,318 (+37.7%), from €22,076 to €30,393
- Gross operating margin +€2,073
up €2,073 (+5.3%), from €39,341 to €41,413
- Depreciation +€2,062
up €2,062 (+40.8%), from €5,055 to €7,117
- Taxes -€1,607
down €1,607 (-65.0%), from €2,474 to €867
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 | €77,352 | €70,974 | -€6,378 | -8.2% |
| Fixed assets | 21/28 | €24,260 | €18,463 | -€5,797 | -23.9% |
| Tangible fixed assets | 22/27 | €24,260 | €18,463 | -€5,797 | -23.9% |
| Plant, machinery and equipment | 23 | €22,093 | €17,493 | -€4,600 | -20.8% |
| Furniture and vehicles | 24 | €2,167 | €970 | -€1,197 | -55.2% |
| Current assets | 29/58 | €53,092 | €52,511 | -€581 | -1.1% |
| Stocks and contracts in progress | 3 | €4,488 | €7,358 | +€2,869 | +63.9% |
| Stocks | 30/36 | €4,488 | €7,358 | +€2,869 | +63.9% |
| Amounts receivable within one year | 40/41 | €11,676 | €28,439 | +€16,763 | +144% |
| Trade receivables | 40 | €2,280 | €17,781 | +€15,501 | +680% |
| Other amounts receivable | 41 | €9,396 | €10,659 | +€1,263 | +13.4% |
| Cash at bank and in hand | 54/58 | €36,387 | €16,398 | -€19,989 | -54.9% |
| Deferred charges and accrued income | 490/1 | €540 | €316 | -€224 | -41.5% |
| Total equity and liabilities | 10/49 | €77,352 | €70,974 | -€6,378 | -8.2% |
| Equity | 10/15 | €63,802 | €66,091 | +€2,289 | +3.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,402 | €53,691 | +€2,289 | +4.5% |
| Distributable reserves | 133 | €51,402 | €53,691 | +€2,289 | +4.5% |
| Amounts payable | 17/49 | €13,549 | €4,883 | -€8,666 | -64.0% |
| Amounts payable within one year | 42/48 | €13,549 | €4,883 | -€8,666 | -64.0% |
| Financial debts | 43 | €2,371 | - | -€2,371 | |
| Credit institutions | 430/8 | €2,371 | - | -€2,371 | |
| Trade debts | 44 | €11,179 | €3,936 | -€7,243 | -64.8% |
| Suppliers | 440/4 | €11,179 | €3,936 | -€7,243 | -64.8% |
| Taxes, remuneration and social security | 45 | - | €671 | +€671 | |
| Taxes | 450/3 | - | €671 | +€671 | |
| Other amounts payable | 47/48 | - | €276 | +€276 | |
| Remuneration, social security and pensions | 62 | €22,076 | €30,393 | +€8,318 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,055 | €7,117 | +€2,062 | +40.8% |
| Other operating charges | 640/8 | €391 | €533 | +€142 | +36.3% |
| Gross operating margin | 9900 | €39,341 | €41,413 | +€2,073 | +5.3% |
| Operating profit (loss) | 9901 | €11,819 | €3,370 | -€8,449 | -71.5% |
| Financial charges | 65/66B | €329 | €214 | -€115 | -34.9% |
| Recurring financial charges | 65 | €329 | €214 | -€115 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €11,490 | €3,156 | -€8,334 | -72.5% |
| Income taxes | 67/77 | €2,474 | €867 | -€1,607 | -65.0% |
| Profit (loss) for the period | 9904 | €9,016 | €2,289 | -€6,727 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,016 | €2,289 | -€6,727 | -74.6% |
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 18 October 2026 via checked.be.