PISCO & Co: 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.
PISCO & Co
Largest movements
- Tangible fixed assets -€8,915
down €8,915 (-5.7%), from €155,335 to €146,420
of which Land and buildings: -€8,410
- Other debts -€6,544
down €6,544 (-5.3%), from €124,036 to €117,492
- Profit (loss) carried forward -€3,635
down €3,635 (-2.3%), from -€155,180 to -€158,815
- Gross operating margin -€434
down €434 (-5.1%), from €8,548 to €8,114
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 | €158,416 | €148,189 | -€10,227 | -6.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €156,273 | €147,036 | -€9,237 | -5.9% |
| Intangible fixed assets | 21 | €938 | €616 | -€322 | -34.3% |
| Tangible fixed assets | 22/27 | €155,335 | €146,420 | -€8,915 | -5.7% |
| Land and buildings | 22 | €152,344 | €143,934 | -€8,410 | -5.5% |
| Plant, machinery and equipment | 23 | €2,991 | €2,486 | -€505 | -16.9% |
| Current assets | 29/58 | €2,143 | €1,153 | -€990 | -46.2% |
| Cash at bank and in hand | 54/58 | €2,143 | €1,153 | -€990 | -46.2% |
| Total equity and liabilities | 10/49 | €158,416 | €148,189 | -€10,227 | -6.5% |
| Equity | 10/15 | €34,332 | €30,697 | -€3,635 | -10.6% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Revaluation surpluses | 12 | €150,469 | €150,469 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,180 | -€158,815 | -€3,635 | -2.3% |
| Amounts payable | 17/49 | €124,084 | €117,492 | -€6,592 | -5.3% |
| Amounts payable within one year | 42/48 | €124,084 | €117,492 | -€6,592 | -5.3% |
| Trade debts | 44 | €48 | - | -€48 | |
| Suppliers | 440/4 | €48 | - | -€48 | |
| Other amounts payable | 47/48 | €124,036 | €117,492 | -€6,544 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,237 | €9,237 | = | 0.0% |
| Other operating charges | 640/8 | €2,365 | €2,416 | +€51 | +2.2% |
| Gross operating margin | 9900 | €8,548 | €8,114 | -€434 | -5.1% |
| Operating profit (loss) | 9901 | -€3,054 | -€3,539 | -€485 | -15.9% |
| Financial charges | 65/66B | €55 | €96 | +€41 | +74.5% |
| Recurring financial charges | 65 | €55 | €96 | +€41 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,109 | -€3,635 | -€526 | -16.9% |
| Profit (loss) for the period | 9904 | -€3,109 | -€3,635 | -€526 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,109 | -€3,635 | -€526 | -16.9% |
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 20 October 2026 via checked.be.