PIKTOR: 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.
PIKTOR
Largest movements
- Cash +€35,966
up €35,966 (+147.3%), from €24,414 to €60,381
mainly Net result for the year (+€25,296) and Depreciation (+€10,770)
- Tangible fixed assets -€6,459
down €6,459 (-42.7%), from €15,125 to €8,666
of which Plant, machinery and equipment: -€3,555
- Receivables within one year -€5,422
down €5,422 (-39.9%), from €13,577 to €8,155
of which Other amounts receivable: -€3,466
- Intangible fixed assets -€3,460
down €3,460 (-35.1%), from €9,859 to €6,399
- Reserves +€25,296
up €25,296 (+46.0%), from €54,937 to €80,233
- Trade debts -€4,841
down €4,841 (-73.3%), from €6,606 to €1,765
- Gross operating margin +€22,089
up €22,089 (+78.9%), from €27,991 to €50,080
- Taxes +€6,724
up €6,724 (+106.5%), from €6,315 to €13,039
- Depreciation +€3,010
up €3,010 (+38.8%), from €7,760 to €10,770
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 | €63,845 | €84,104 | +€20,259 | +31.7% |
| Fixed assets | 21/28 | €24,983 | €15,065 | -€9,919 | -39.7% |
| Intangible fixed assets | 21 | €9,859 | €6,399 | -€3,460 | -35.1% |
| Tangible fixed assets | 22/27 | €15,125 | €8,666 | -€6,459 | -42.7% |
| Plant, machinery and equipment | 23 | €6,952 | €3,397 | -€3,555 | -51.1% |
| Furniture and vehicles | 24 | €3,699 | €2,465 | -€1,234 | -33.4% |
| Other tangible fixed assets | 26 | €4,474 | €2,804 | -€1,670 | -37.3% |
| Current assets | 29/58 | €38,862 | €69,040 | +€30,178 | +77.7% |
| Amounts receivable within one year | 40/41 | €13,577 | €8,155 | -€5,422 | -39.9% |
| Trade receivables | 40 | €9,698 | €7,742 | -€1,956 | -20.2% |
| Other amounts receivable | 41 | €3,878 | €412 | -€3,466 | -89.4% |
| Cash at bank and in hand | 54/58 | €24,414 | €60,381 | +€35,966 | +147.3% |
| Deferred charges and accrued income | 490/1 | €871 | €504 | -€367 | -42.1% |
| Total equity and liabilities | 10/49 | €63,845 | €84,104 | +€20,259 | +31.7% |
| Equity | 10/15 | €56,937 | €82,233 | +€25,296 | +44.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,937 | €80,233 | +€25,296 | +46.0% |
| Distributable reserves | 133 | €54,937 | €80,233 | +€25,296 | +46.0% |
| Amounts payable | 17/49 | €6,908 | €1,871 | -€5,037 | -72.9% |
| Amounts payable within one year | 42/48 | €6,908 | €1,871 | -€5,037 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,606 | €1,765 | -€4,841 | -73.3% |
| Suppliers | 440/4 | €6,606 | €1,765 | -€4,841 | -73.3% |
| Taxes, remuneration and social security | 45 | €4 | €47 | +€43 | +967.3% |
| Taxes | 450/3 | €4 | €47 | +€43 | +967.3% |
| Other amounts payable | 47/48 | €298 | €59 | -€239 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,760 | €10,770 | +€3,010 | +38.8% |
| Other operating charges | 640/8 | €513 | €902 | +€388 | +75.6% |
| Gross operating margin | 9900 | €27,991 | €50,080 | +€22,089 | +78.9% |
| Operating profit (loss) | 9901 | €19,718 | €38,408 | +€18,691 | +94.8% |
| Financial income | 75/76B | €0 | €59 | +€59 | +58880.0% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +58880.0% |
| Financial charges | 65/66B | €330 | €132 | -€197 | -59.8% |
| Recurring financial charges | 65 | €330 | €132 | -€197 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €19,388 | €38,335 | +€18,947 | +97.7% |
| Income taxes | 67/77 | €6,315 | €13,039 | +€6,724 | +106.5% |
| Profit (loss) for the period | 9904 | €13,073 | €25,296 | +€12,223 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,073 | €25,296 | +€12,223 | +93.5% |
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 3 October 2026 via checked.be.