PIKOSA: what changed
Two fiscal 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.
PIKOSA
Largest movements
- Cash -€35,181
down €35,181 (-22.4%), from €156,833 to €121,653
mainly Other debts (-€31,517) and Trade debts (-€2,311)
- Other debts -€31,517
down €31,517 (-98.5%), from €32,000 to €483
- Gross operating margin +€1,323
up €1,323 (+55.1%), from -€2,403 to -€1,079
- Other operating charges -€369
down €369 (-36.7%), from €1,007 to €637
- Financial income +€364
up €364, from €0 to €364
- Financial charges +€51
up €51 (+118.3%), from €44 to €95
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.
Cash bridge derived
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 | €315,536 | €280,355 | -€35,181 | -11.1% |
| Fixed assets | 21/28 | €152,702 | €152,702 | = | 0.0% |
| Tangible fixed assets | 22/27 | €152,702 | €152,702 | = | 0.0% |
| Land and buildings | 22 | €152,702 | €152,702 | = | 0.0% |
| Current assets | 29/58 | €162,833 | €127,653 | -€35,181 | -21.6% |
| Amounts receivable after more than one year | 29 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €156,833 | €121,653 | -€35,181 | -22.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €315,536 | €280,355 | -€35,181 | -11.1% |
| Equity | 10/15 | €281,224 | €279,777 | -€1,448 | -0.5% |
| Contributions | 10/11 | €142,500 | €142,500 | = | 0.0% |
| Capital | 10 | €142,500 | €142,500 | = | 0.0% |
| Issued capital | 100 | €142,500 | €142,500 | = | 0.0% |
| Reserves | 13 | €138,724 | €137,277 | -€1,448 | -1.0% |
| Non-distributable reserves | 130/1 | €14,250 | €14,250 | = | 0.0% |
| Legal reserve | 130 | €14,250 | €14,250 | = | 0.0% |
| Distributable reserves | 133 | €124,474 | €123,027 | -€1,448 | -1.2% |
| Amounts payable | 17/49 | €34,311 | €578 | -€33,733 | -98.3% |
| Amounts payable within one year | 42/48 | €34,311 | €578 | -€33,733 | -98.3% |
| Financial debts | 43 | - | €95 | +€95 | |
| Credit institutions | 430/8 | - | €95 | +€95 | |
| Trade debts | 44 | €2,311 | - | -€2,311 | |
| Suppliers | 440/4 | €2,311 | - | -€2,311 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,000 | €483 | -€31,517 | -98.5% |
| Other operating charges | 640/8 | €1,007 | €637 | -€369 | -36.7% |
| Gross operating margin | 9900 | -€2,403 | -€1,079 | +€1,323 | +55.1% |
| Operating profit (loss) | 9901 | -€3,409 | -€1,717 | +€1,693 | +49.7% |
| Financial income | 75/76B | €0 | €364 | +€364 | |
| Recurring financial income | 75 | €0 | €364 | +€364 | |
| Financial charges | 65/66B | €44 | €95 | +€51 | +118.3% |
| Recurring financial charges | 65 | €44 | €95 | +€51 | +118.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,453 | -€1,448 | +€2,005 | +58.1% |
| Profit (loss) for the period | 9904 | -€3,453 | -€1,448 | +€2,005 | +58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,453 | -€1,448 | +€2,005 | +58.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.