DE PIRAMIDE: 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.
DE PIRAMIDE
Largest movements
- Current investments +€245,593
new in 2025: €245,593
- Tangible fixed assets -€100,933
down €100,933 (-6.3%), from €1.6m to €1.5m
- Receivables within one year -€98,981
down €98,981 (-5.7%), from €1.7m to €1.6m
of which Other amounts receivable: -€116,753
- Cash +€94,869
up €94,869 (+4.2%), from €2.2m to €2.3m
mainly Depreciation (+€100,933) and Receivables within one year (+€98,981)
- Stocks and contracts -€91,090
down €91,090 (-13.5%), from €672,706 to €581,616
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€351,532
down €351,532 (-55.5%), from €633,794 to €282,262
- Taxes -€95,781
down €95,781 (-79.4%), from €120,705 to €24,924
- Financial charges +€75,095
up €75,095 (+170%), from €44,242 to €119,337
- Financial income +€26,962
up €26,962 (+172%), from €15,637 to €42,599
- Other operating charges +€7,411
up €7,411 (+57.3%), from €12,944 to €20,355
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 | €6,255,431 | €6,299,845 | +€44,414 | +0.7% |
| Fixed assets | 21/28 | €1,591,048 | €1,490,115 | -€100,933 | -6.3% |
| Tangible fixed assets | 22/27 | €1,591,048 | €1,490,115 | -€100,933 | -6.3% |
| Other tangible fixed assets | 26 | €1,591,048 | €1,490,115 | -€100,933 | -6.3% |
| Current assets | 29/58 | €4,664,383 | €4,809,731 | +€145,347 | +3.1% |
| Stocks and contracts in progress | 3 | €672,706 | €581,616 | -€91,090 | -13.5% |
| Stocks | 30/36 | €672,706 | €581,616 | -€91,090 | -13.5% |
| Amounts receivable within one year | 40/41 | €1,736,097 | €1,637,117 | -€98,981 | -5.7% |
| Trade receivables | 40 | €49,113 | €66,885 | +€17,773 | +36.2% |
| Other amounts receivable | 41 | €1,686,985 | €1,570,231 | -€116,753 | -6.9% |
| Current investments | 50/53 | - | €245,593 | +€245,593 | |
| Cash at bank and in hand | 54/58 | €2,248,172 | €2,343,042 | +€94,869 | +4.2% |
| Deferred charges and accrued income | 490/1 | €7,408 | €2,364 | -€5,044 | -68.1% |
| Total equity and liabilities | 10/49 | €6,255,431 | €6,299,845 | +€44,414 | +0.7% |
| Equity | 10/15 | €5,588,601 | €5,647,912 | +€59,311 | +1.1% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €72,865 | €72,865 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €54,115 | €54,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,503,341 | €5,562,652 | +€59,311 | +1.1% |
| Amounts payable | 17/49 | €666,830 | €651,933 | -€14,897 | -2.2% |
| Amounts payable within one year | 42/48 | €666,830 | €651,933 | -€14,897 | -2.2% |
| Trade debts | 44 | €36,789 | €40,249 | +€3,460 | +9.4% |
| Suppliers | 440/4 | €36,789 | €40,249 | +€3,460 | +9.4% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €19,043 | €13,770 | -€5,273 | -27.7% |
| Taxes | 450/3 | €19,043 | €13,770 | -€5,273 | -27.7% |
| Other amounts payable | 47/48 | €600,998 | €587,914 | -€13,084 | -2.2% |
| Non-recurring operating income | 76A | - | €5,492 | +€5,492 | |
| Remuneration, social security and pensions | 62 | €7,142 | - | -€7,142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,178 | €100,933 | -€4,245 | -4.0% |
| Other operating charges | 640/8 | €12,944 | €20,355 | +€7,411 | +57.3% |
| Gross operating margin | 9900 | €633,794 | €282,262 | -€351,532 | -55.5% |
| Operating profit (loss) | 9901 | €508,530 | €160,973 | -€347,557 | -68.3% |
| Financial income | 75/76B | €15,637 | €42,599 | +€26,962 | +172% |
| Recurring financial income | 75 | €15,637 | €42,599 | +€26,962 | +172% |
| Financial charges | 65/66B | €44,242 | €119,337 | +€75,095 | +170% |
| Recurring financial charges | 65 | €44,242 | €119,337 | +€75,095 | +170% |
| Profit (loss) for the period before taxes | 9903 | €479,925 | €84,235 | -€395,690 | -82.4% |
| Income taxes | 67/77 | €120,705 | €24,924 | -€95,781 | -79.4% |
| Profit (loss) for the period | 9904 | €359,220 | €59,311 | -€299,909 | -83.5% |
| Profit (loss) for the period to be appropriated | 9905 | €359,220 | €59,311 | -€299,909 | -83.5% |
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 20 October 2026 via checked.be.