GROUP PYC: 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.
GROUP PYC
Largest movements
- Stocks and contracts +€23,487
up €23,487 (+53.0%), from €44,306 to €67,793
- Tangible fixed assets -€19,752
down €19,752 (-1.2%), from €1.7m to €1.7m
of which Furniture and vehicles: -€26,867
- Other debts +€78,782
up €78,782 (+20.5%), from €383,604 to €462,386
- Debts after one year -€31,601
down €31,601 (-3.4%), from €935,890 to €904,289
- Profit (loss) carried forward -€29,120
down €29,120 (-19.6%), from €148,497 to €119,377
- Trade debts +€20,632
up €20,632 (+221%), from €9,339 to €29,971
- Depreciation +€8,434
up €8,434 (+8.7%), from €97,215 to €105,648
- Other operating charges +€7,280
up €7,280 (+275%), from €2,648 to €9,928
- Gross operating margin -€5,787
down €5,787 (-5.3%), from €109,601 to €103,814
- Staff costs -€3,237
down €3,237 (-85.9%), from €3,768 to €531
- Financial charges -€1,122
down €1,122 (-3.9%), from €28,900 to €27,778
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 | €1,766,506 | €1,793,362 | +€26,855 | +1.5% |
| Fixed assets | 21/28 | €1,685,172 | €1,665,420 | -€19,752 | -1.2% |
| Tangible fixed assets | 22/27 | €1,684,809 | €1,665,057 | -€19,752 | -1.2% |
| Land and buildings | 22 | €1,080,582 | €1,092,818 | +€12,235 | +1.1% |
| Plant, machinery and equipment | 23 | €515,376 | €510,256 | -€5,120 | -1.0% |
| Furniture and vehicles | 24 | €88,851 | €61,984 | -€26,867 | -30.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €81,335 | €127,942 | +€46,607 | +57.3% |
| Stocks and contracts in progress | 3 | €44,306 | €67,793 | +€23,487 | +53.0% |
| Stocks | 30/36 | €44,306 | €67,793 | +€23,487 | +53.0% |
| Amounts receivable within one year | 40/41 | €20,066 | €27,055 | +€6,988 | +34.8% |
| Trade receivables | 40 | €18,058 | €26,255 | +€8,196 | +45.4% |
| Other amounts receivable | 41 | €2,008 | €800 | -€1,208 | -60.2% |
| Cash at bank and in hand | 54/58 | €14,417 | €28,099 | +€13,682 | +94.9% |
| Deferred charges and accrued income | 490/1 | €2,546 | €4,995 | +€2,450 | +96.2% |
| Total equity and liabilities | 10/49 | €1,766,506 | €1,793,362 | +€26,855 | +1.5% |
| Equity | 10/15 | €327,406 | €289,529 | -€37,877 | -11.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €159,910 | €151,152 | -€8,758 | -5.5% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €158,010 | €149,252 | -€8,758 | -5.5% |
| Profit (loss) carried forward | 14 | €148,497 | €119,377 | -€29,120 | -19.6% |
| Provisions and deferred taxes | 16 | €39,502 | €37,313 | -€2,189 | -5.5% |
| Deferred taxes | 168 | €39,502 | €37,313 | -€2,189 | -5.5% |
| Amounts payable | 17/49 | €1,399,598 | €1,466,519 | +€66,922 | +4.8% |
| Amounts payable after more than one year | 17 | €935,890 | €904,289 | -€31,601 | -3.4% |
| Financial debts | 170/4 | €935,890 | €904,289 | -€31,601 | -3.4% |
| Amounts payable within one year | 42/48 | €463,707 | €562,230 | +€98,523 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €62,697 | €66,168 | +€3,472 | +5.5% |
| Trade debts | 44 | €9,339 | €29,971 | +€20,632 | +221% |
| Suppliers | 440/4 | €9,339 | €29,971 | +€20,632 | +221% |
| Taxes, remuneration and social security | 45 | €8,068 | €3,705 | -€4,363 | -54.1% |
| Taxes | 450/3 | €8,068 | €3,705 | -€4,363 | -54.1% |
| Other amounts payable | 47/48 | €383,604 | €462,386 | +€78,782 | +20.5% |
| Remuneration, social security and pensions | 62 | €3,768 | €531 | -€3,237 | -85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,215 | €105,648 | +€8,434 | +8.7% |
| Other operating charges | 640/8 | €2,648 | €9,928 | +€7,280 | +275% |
| Gross operating margin | 9900 | €109,601 | €103,814 | -€5,787 | -5.3% |
| Operating profit (loss) | 9901 | €5,970 | -€12,293 | -€18,263 | |
| Financial income | 75/76B | €2 | €5 | +€3 | +111% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +111% |
| Financial charges | 65/66B | €28,900 | €27,778 | -€1,122 | -3.9% |
| Recurring financial charges | 65 | €28,900 | €27,778 | -€1,122 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,927 | -€40,067 | -€17,139 | -74.8% |
| Transfer from deferred taxes | 780 | €2,189 | €2,189 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€20,738 | -€37,877 | -€17,139 | -82.6% |
| Transfer from tax-exempt reserves | 789 | €8,758 | €8,758 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,981 | -€29,120 | -€17,139 | -143% |
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 15 October 2026 via checked.be.