Pikoy: 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.
Pikoy
Largest movements
- Cash +€33,072
up €33,072 (+325%), from €10,172 to €43,244
mainly Net result for the year (+€24,986) and Depreciation (+€3,259)
- Tangible fixed assets -€3,259
down €3,259 (-26.5%), from €12,296 to €9,037
of which Other tangible fixed assets: -€2,559
- Reserves +€14,694
new in 2025: €14,694
- Profit (loss) carried forward +€10,292
up €10,292, from -€10,292 to €0
- Tax, wage and social debts +€2,596
up €2,596 (+88.0%), from €2,949 to €5,545
- Trade debts +€1,928
up €1,928 (+508%), from €379 to €2,307
- Gross operating margin +€40,721
up €40,721, from -€5,867 to €34,854
- Taxes +€3,757
new in 2025: €3,757
- Other operating charges +€1,020
up €1,020 (+59.2%), from €1,724 to €2,744
- Depreciation +€659
up €659 (+25.3%), from €2,600 to €3,259
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 | €27,060 | €56,889 | +€29,829 | +110% |
| Fixed assets | 21/28 | €16,646 | €13,387 | -€3,259 | -19.6% |
| Tangible fixed assets | 22/27 | €12,296 | €9,037 | -€3,259 | -26.5% |
| Plant, machinery and equipment | 23 | €1,553 | €853 | -€700 | -45.1% |
| Other tangible fixed assets | 26 | €10,742 | €8,183 | -€2,559 | -23.8% |
| Financial fixed assets | 28 | €4,350 | €4,350 | = | 0.0% |
| Current assets | 29/58 | €10,414 | €43,502 | +€33,088 | +318% |
| Amounts receivable within one year | 40/41 | €75 | €88 | +€13 | +17.9% |
| Trade receivables | 40 | €75 | €0 | -€75 | -100% |
| Other amounts receivable | 41 | - | €88 | +€88 | |
| Cash at bank and in hand | 54/58 | €10,172 | €43,244 | +€33,072 | +325% |
| Deferred charges and accrued income | 490/1 | €167 | €170 | +€3 | +1.6% |
| Total equity and liabilities | 10/49 | €27,060 | €56,889 | +€29,829 | +110% |
| Equity | 10/15 | €19,708 | €44,694 | +€24,986 | +127% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €14,694 | +€14,694 | |
| Distributable reserves | 133 | - | €14,694 | +€14,694 | |
| Profit (loss) carried forward | 14 | -€10,292 | €0 | +€10,292 | |
| Amounts payable | 17/49 | €7,352 | €12,195 | +€4,843 | +65.9% |
| Amounts payable within one year | 42/48 | €7,352 | €12,195 | +€4,843 | +65.9% |
| Trade debts | 44 | €379 | €2,307 | +€1,928 | +508% |
| Suppliers | 440/4 | €379 | €2,307 | +€1,928 | +508% |
| Taxes, remuneration and social security | 45 | €2,949 | €5,545 | +€2,596 | +88.0% |
| Taxes | 450/3 | €2,949 | €5,545 | +€2,596 | +88.0% |
| Other amounts payable | 47/48 | €4,024 | €4,343 | +€320 | +7.9% |
| Remuneration, social security and pensions | 62 | - | €166 | +€166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,600 | €3,259 | +€659 | +25.3% |
| Other operating charges | 640/8 | €1,724 | €2,744 | +€1,020 | +59.2% |
| Gross operating margin | 9900 | -€5,867 | €34,854 | +€40,721 | |
| Operating profit (loss) | 9901 | -€10,191 | €28,684 | +€38,876 | |
| Financial income | 75/76B | - | €207 | +€207 | |
| Recurring financial income | 75 | - | €207 | +€207 | |
| Financial charges | 65/66B | €101 | €149 | +€48 | +47.8% |
| Recurring financial charges | 65 | €101 | €149 | +€48 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,292 | €28,743 | +€39,034 | |
| Income taxes | 67/77 | - | €3,757 | +€3,757 | |
| Profit (loss) for the period | 9904 | -€10,292 | €24,986 | +€35,277 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,292 | €24,986 | +€35,277 |
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 16 October 2026 via checked.be.