PIKOLY: 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.
PIKOLY
Largest movements
- Deferred charges and accrued income +€300,831
up €300,831 (+563%), from €53,387 to €354,218
- Receivables within one year +€182,758
up €182,758 (+320%), from €57,135 to €239,893
of which Trade receivables: +€185,537
- Cash +€115,691
up €115,691 (+84.1%), from €137,583 to €253,274
mainly Trade debts (+€311,658) and Tax, wage and social debts (+€138,865)
- Trade debts +€311,658
up €311,658 (+1,143%), from €27,256 to €338,914
- Tax, wage and social debts +€138,865
up €138,865 (+1,456%), from €9,538 to €148,402
of which Taxes: +€139,010
- Accrued charges and deferred income +€92,562
up €92,562 (+94.2%), from €98,298 to €190,859
- Reserves +€37,771
up €37,771 (+245%), from €15,402 to €53,174
of which Distributable reserves: +€37,771
- Other debts +€20,000
new in 2025: €20,000
- Turnover +€602,611
up €602,611 (+542%), from €111,248 to €713,859
- Purchases and services +€511,817
up €511,817 (+410%), from €124,799 to €636,615
- Gross operating margin +€90,794
up €90,794, from -€13,551 to €77,243
- Taxes +€16,808
up €16,808, from -€1,658 to €15,150
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 | €319,150 | €920,005 | +€600,855 | +188% |
| Fixed assets | 21/28 | €66,045 | €67,621 | +€1,576 | +2.4% |
| Tangible fixed assets | 22/27 | €66,045 | €67,621 | +€1,576 | +2.4% |
| Land and buildings | 22 | €64,976 | €64,976 | = | 0.0% |
| Plant, machinery and equipment | 23 | €403 | €252 | -€152 | -37.6% |
| Furniture and vehicles | 24 | €666 | €1,935 | +€1,269 | +191% |
| Other tangible fixed assets | 26 | - | €459 | +€459 | |
| Current assets | 29/58 | €253,104 | €852,384 | +€599,279 | +237% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,135 | €239,893 | +€182,758 | +320% |
| Trade receivables | 40 | €21,637 | €207,174 | +€185,537 | +857% |
| Other amounts receivable | 41 | €35,498 | €32,719 | -€2,779 | -7.8% |
| Cash at bank and in hand | 54/58 | €137,583 | €253,274 | +€115,691 | +84.1% |
| Deferred charges and accrued income | 490/1 | €53,387 | €354,218 | +€300,831 | +563% |
| Total equity and liabilities | 10/49 | €319,150 | €920,005 | +€600,855 | +188% |
| Equity | 10/15 | €184,058 | €221,830 | +€37,771 | +20.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | - | -€2,500 | |
| Issued capital | 100 | €2,500 | - | -€2,500 | |
| Contributions outside capital | 11 | - | €2,500 | +€2,500 | |
| Other | 1109/19 | - | €2,500 | +€2,500 | |
| Reserves | 13 | €15,402 | €53,174 | +€37,771 | +245% |
| Non-distributable reserves | 130/1 | €305 | €305 | = | 0.0% |
| Legal reserve | 130 | €305 | €305 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,098 | €6,098 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €46,771 | +€37,771 | +420% |
| Profit (loss) carried forward | 14 | €166,156 | €166,156 | = | 0.0% |
| Amounts payable | 17/49 | €135,091 | €698,175 | +€563,084 | +417% |
| Amounts payable within one year | 42/48 | €36,794 | €507,316 | +€470,523 | +1,279% |
| Trade debts | 44 | €27,256 | €338,914 | +€311,658 | +1,143% |
| Suppliers | 440/4 | €27,256 | €338,914 | +€311,658 | +1,143% |
| Taxes, remuneration and social security | 45 | €9,538 | €148,402 | +€138,865 | +1,456% |
| Taxes | 450/3 | €5,374 | €144,383 | +€139,010 | +2,587% |
| Remuneration and social security | 454/9 | €4,164 | €4,019 | -€145 | -3.5% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €98,298 | €190,859 | +€92,562 | +94.2% |
| Turnover | 70 | €111,248 | €713,859 | +€602,611 | +542% |
| Goods, raw materials, services and sundry goods | 60/61 | €124,799 | €636,615 | +€511,817 | +410% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,802 | €1,048 | -€4,754 | -81.9% |
| Other operating charges | 640/8 | €4,116 | €1,190 | -€2,925 | -71.1% |
| Gross operating margin | 9900 | -€13,551 | €77,243 | +€90,794 | |
| Operating profit (loss) | 9901 | -€23,469 | €75,005 | +€98,473 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +9.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +9.0% |
| Financial charges | 65/66B | €1,293 | €2,085 | +€792 | +61.2% |
| Recurring financial charges | 65 | €1,293 | €2,085 | +€792 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,761 | €72,921 | +€97,682 | |
| Income taxes | 67/77 | -€1,658 | €15,150 | +€16,808 | |
| Profit (loss) for the period | 9904 | -€23,103 | €57,771 | +€80,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,103 | €57,771 | +€80,874 |
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 19 October 2026 via checked.be.