PIQUE-NIQUE: 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.
PIQUE-NIQUE
Largest movements
- Cash -€27,929
down €27,929 (-44.8%), from €62,358 to €34,429
mainly Other debts (-€33,517) and Debts after one year (-€15,828)
- Tangible fixed assets -€13,718
down €13,718 (-12.1%), from €113,483 to €99,765
of which Furniture and vehicles: -€8,121
- Other debts -€33,517
down €33,517 (-71.2%), from €47,056 to €13,539
- Reserves +€16,148
up €16,148 (+43.9%), from €36,797 to €52,945
- Debts after one year -€15,828
down €15,828 (-52.3%), from €30,276 to €14,448
- Short-term financial debts -€8,260
down €8,260 (-27.5%), from €30,051 to €21,791
of which Credit institutions: -€4,191
- Tax, wage and social debts -€5,505
down €5,505 (-22.5%), from €24,429 to €18,924
of which Taxes: -€13,614
- Gross operating margin +€6,281
up €6,281 (+4.4%), from €144,213 to €150,494
- Staff costs +€5,403
up €5,403 (+6.6%), from €82,190 to €87,593
- Other operating charges +€2,290
up €2,290 (+339%), from €676 to €2,966
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 | €185,448 | €143,892 | -€41,556 | -22.4% |
| Fixed assets | 21/28 | €113,483 | €99,765 | -€13,718 | -12.1% |
| Tangible fixed assets | 22/27 | €113,483 | €99,765 | -€13,718 | -12.1% |
| Land and buildings | 22 | €44,183 | €44,183 | = | 0.0% |
| Plant, machinery and equipment | 23 | €20,634 | €15,037 | -€5,597 | -27.1% |
| Furniture and vehicles | 24 | €48,666 | €40,545 | -€8,121 | -16.7% |
| Current assets | 29/58 | €71,965 | €44,127 | -€27,838 | -38.7% |
| Stocks and contracts in progress | 3 | €1,440 | €1,685 | +€245 | +17.0% |
| Stocks | 30/36 | €1,440 | €1,685 | +€245 | +17.0% |
| Amounts receivable within one year | 40/41 | €5,964 | €5,854 | -€110 | -1.8% |
| Trade receivables | 40 | €231 | €754 | +€523 | +226% |
| Other amounts receivable | 41 | €5,733 | €5,100 | -€633 | -11.0% |
| Cash at bank and in hand | 54/58 | €62,358 | €34,429 | -€27,929 | -44.8% |
| Deferred charges and accrued income | 490/1 | €2,203 | €2,159 | -€44 | -2.0% |
| Total equity and liabilities | 10/49 | €185,448 | €143,892 | -€41,556 | -22.4% |
| Equity | 10/15 | €51,797 | €67,945 | +€16,148 | +31.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €36,797 | €52,945 | +€16,148 | +43.9% |
| Distributable reserves | 133 | €36,797 | €52,945 | +€16,148 | +43.9% |
| Amounts payable | 17/49 | €133,651 | €75,947 | -€57,704 | -43.2% |
| Amounts payable after more than one year | 17 | €30,276 | €14,448 | -€15,828 | -52.3% |
| Financial debts | 170/4 | €30,276 | €14,448 | -€15,828 | -52.3% |
| Amounts payable within one year | 42/48 | €103,375 | €61,499 | -€41,876 | -40.5% |
| Financial debts | 43 | €30,051 | €21,791 | -€8,260 | -27.5% |
| Credit institutions | 430/8 | €25,982 | €21,791 | -€4,191 | -16.1% |
| Other loans | 439 | €4,069 | - | -€4,069 | |
| Trade debts | 44 | €1,839 | €7,245 | +€5,406 | +294% |
| Suppliers | 440/4 | €1,839 | €7,245 | +€5,406 | +294% |
| Taxes, remuneration and social security | 45 | €24,429 | €18,924 | -€5,505 | -22.5% |
| Taxes | 450/3 | €18,559 | €4,945 | -€13,614 | -73.4% |
| Remuneration and social security | 454/9 | €5,870 | €13,979 | +€8,109 | +138% |
| Other amounts payable | 47/48 | €47,056 | €13,539 | -€33,517 | -71.2% |
| Remuneration, social security and pensions | 62 | €82,190 | €87,593 | +€5,403 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,180 | €20,269 | +€89 | +0.4% |
| Other operating charges | 640/8 | €676 | €2,966 | +€2,290 | +339% |
| Gross operating margin | 9900 | €144,213 | €150,494 | +€6,281 | +4.4% |
| Operating profit (loss) | 9901 | €41,167 | €39,666 | -€1,501 | -3.6% |
| Financial income | 75/76B | €28 | €357 | +€329 | +1,175% |
| Recurring financial income | 75 | €28 | €357 | +€329 | +1,175% |
| Financial charges | 65/66B | €4,250 | €3,692 | -€558 | -13.1% |
| Recurring financial charges | 65 | €4,250 | €3,692 | -€558 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €36,945 | €36,331 | -€614 | -1.7% |
| Income taxes | 67/77 | €9,862 | €10,469 | +€607 | +6.2% |
| Profit (loss) for the period | 9904 | €27,083 | €25,862 | -€1,221 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,083 | €25,862 | -€1,221 | -4.5% |
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 23 October 2026 via checked.be.