BART PYCK: 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.
BART PYCK
Largest movements
- Current investments -€160,385
down €160,385 (-96.0%), from €167,072 to €6,687
- Tangible fixed assets -€51,921
down €51,921 (-18.5%), from €281,368 to €229,447
of which Furniture and vehicles: -€34,355
- Cash +€36,681
up €36,681 (+30.3%), from €120,923 to €157,604
mainly Current investments (+€160,385) and Depreciation (+€55,352)
- Debts after one year -€218,830
down €218,830 (-76.6%), from €285,699 to €66,869
- Reserves +€43,973
up €43,973 (+30.9%), from €142,484 to €186,458
of which Distributable reserves: +€43,973
- Financial income +€37,786
up €37,786 (+11,821%), from €320 to €38,105
- Gross operating margin -€25,222
down €25,222 (-23.5%), from €107,178 to €81,956
- Depreciation +€9,987
up €9,987 (+22.0%), from €45,366 to €55,352
- Taxes -€5,909
down €5,909 (-39.1%), from €15,099 to €9,190
- Financial charges -€5,740
down €5,740 (-41.8%), from €13,737 to €7,997
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 | €594,764 | €414,837 | -€179,927 | -30.3% |
| Fixed assets | 21/28 | €281,368 | €229,447 | -€51,921 | -18.5% |
| Tangible fixed assets | 22/27 | €281,368 | €229,447 | -€51,921 | -18.5% |
| Land and buildings | 22 | €45,645 | €40,365 | -€5,280 | -11.6% |
| Plant, machinery and equipment | 23 | €98,506 | €87,118 | -€11,389 | -11.6% |
| Furniture and vehicles | 24 | €133,889 | €99,535 | -€34,355 | -25.7% |
| Other tangible fixed assets | 26 | €3,327 | €2,429 | -€898 | -27.0% |
| Current assets | 29/58 | €313,396 | €185,390 | -€128,006 | -40.8% |
| Stocks and contracts in progress | 3 | €8,314 | €9,059 | +€745 | +9.0% |
| Stocks | 30/36 | €8,314 | €9,059 | +€745 | +9.0% |
| Amounts receivable within one year | 40/41 | €11,674 | €7,629 | -€4,045 | -34.7% |
| Trade receivables | 40 | €11,137 | €6,885 | -€4,252 | -38.2% |
| Other amounts receivable | 41 | €537 | €744 | +€207 | +38.6% |
| Current investments | 50/53 | €167,072 | €6,687 | -€160,385 | -96.0% |
| Cash at bank and in hand | 54/58 | €120,923 | €157,604 | +€36,681 | +30.3% |
| Deferred charges and accrued income | 490/1 | €5,414 | €4,411 | -€1,002 | -18.5% |
| Total equity and liabilities | 10/49 | €594,764 | €414,837 | -€179,927 | -30.3% |
| Equity | 10/15 | €217,484 | €261,458 | +€43,973 | +20.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €142,484 | €186,458 | +€43,973 | +30.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,185 | €13,185 | = | 0.0% |
| Distributable reserves | 133 | €129,299 | €173,272 | +€43,973 | +34.0% |
| Amounts payable | 17/49 | €377,279 | €153,379 | -€223,900 | -59.3% |
| Amounts payable after more than one year | 17 | €285,699 | €66,869 | -€218,830 | -76.6% |
| Financial debts | 170/4 | €285,699 | €66,869 | -€218,830 | -76.6% |
| Amounts payable within one year | 42/48 | €91,581 | €86,510 | -€5,070 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €19,019 | €19,462 | +€443 | +2.3% |
| Trade debts | 44 | €17,386 | €14,171 | -€3,215 | -18.5% |
| Suppliers | 440/4 | €17,386 | €14,171 | -€3,215 | -18.5% |
| Taxes, remuneration and social security | 45 | €24,856 | €20,474 | -€4,381 | -17.6% |
| Taxes | 450/3 | €19,856 | €17,774 | -€2,081 | -10.5% |
| Remuneration and social security | 454/9 | €5,000 | €2,700 | -€2,300 | -46.0% |
| Other amounts payable | 47/48 | €30,321 | €32,403 | +€2,083 | +6.9% |
| Non-recurring operating income | 76A | €23,040 | €0 | -€23,040 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,366 | €55,352 | +€9,987 | +22.0% |
| Other operating charges | 640/8 | €3,114 | €1,591 | -€1,523 | -48.9% |
| Non-recurring operating charges | 66A | - | €1,957 | +€1,957 | |
| Gross operating margin | 9900 | €107,178 | €81,956 | -€25,222 | -23.5% |
| Operating profit (loss) | 9901 | €58,699 | €23,056 | -€35,643 | -60.7% |
| Financial income | 75/76B | €320 | €38,105 | +€37,786 | +11,821% |
| Recurring financial income | 75 | €320 | €38,105 | +€37,786 | +11,821% |
| Financial charges | 65/66B | €13,737 | €7,997 | -€5,740 | -41.8% |
| Recurring financial charges | 65 | €13,737 | €7,997 | -€5,740 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €45,281 | €53,164 | +€7,882 | +17.4% |
| Income taxes | 67/77 | €15,099 | €9,190 | -€5,909 | -39.1% |
| Profit (loss) for the period | 9904 | €30,182 | €43,973 | +€13,791 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,182 | €43,973 | +€13,791 | +45.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.