Laurent PYLS: 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.
Laurent PYLS
Largest movements
- Cash +€45,187
up €45,187 (+165%), from €27,403 to €72,590
mainly Net result for the year (+€120,047) and Trade debts (+€14,126)
- Financial fixed assets +€30,679
up €30,679 (+136%), from €22,605 to €53,284
- Tangible fixed assets -€4,028
down €4,028 (-47.4%), from €8,490 to €4,462
- Receivables within one year -€3,153
down €3,153 (-97.6%), from €3,230 to €77
- Profit (loss) carried forward +€75,047
up €75,047 (+396%), from €18,964 to €94,011
- Other debts -€24,079
down €24,079 (-66.4%), from €36,258 to €12,179
- Trade debts +€14,126
up €14,126 (+4,025%), from €351 to €14,477
- Tax, wage and social debts +€2,785
up €2,785 (+14.5%), from €19,155 to €21,940
- Gross operating margin +€117,806
up €117,806 (+273%), from €43,093 to €160,899
- Taxes +€28,025
up €28,025 (+320%), from €8,770 to €36,795
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 | €111,728 | €180,413 | +€68,685 | +61.5% |
| Fixed assets | 21/28 | €31,095 | €57,746 | +€26,651 | +85.7% |
| Tangible fixed assets | 22/27 | €8,490 | €4,462 | -€4,028 | -47.4% |
| Furniture and vehicles | 24 | €8,490 | €4,462 | -€4,028 | -47.4% |
| Financial fixed assets | 28 | €22,605 | €53,284 | +€30,679 | +136% |
| Current assets | 29/58 | €80,633 | €122,667 | +€42,034 | +52.1% |
| Amounts receivable within one year | 40/41 | €3,230 | €77 | -€3,153 | -97.6% |
| Other amounts receivable | 41 | €3,230 | €77 | -€3,153 | -97.6% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,403 | €72,590 | +€45,187 | +165% |
| Total equity and liabilities | 10/49 | €111,728 | €180,413 | +€68,685 | +61.5% |
| Equity | 10/15 | €55,964 | €131,011 | +€75,047 | +134% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,964 | €94,011 | +€75,047 | +396% |
| Amounts payable | 17/49 | €55,764 | €49,402 | -€6,362 | -11.4% |
| Amounts payable within one year | 42/48 | €55,764 | €48,596 | -€7,168 | -12.9% |
| Trade debts | 44 | €351 | €14,477 | +€14,126 | +4,025% |
| Suppliers | 440/4 | €351 | €14,477 | +€14,126 | +4,025% |
| Taxes, remuneration and social security | 45 | €19,155 | €21,940 | +€2,785 | +14.5% |
| Taxes | 450/3 | €19,155 | €21,940 | +€2,785 | +14.5% |
| Other amounts payable | 47/48 | €36,258 | €12,179 | -€24,079 | -66.4% |
| Accrued charges and deferred income | 492/3 | - | €806 | +€806 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,028 | €4,028 | = | 0.0% |
| Other operating charges | 640/8 | €237 | - | -€237 | |
| Gross operating margin | 9900 | €43,093 | €160,899 | +€117,806 | +273% |
| Operating profit (loss) | 9901 | €38,828 | €156,871 | +€118,043 | +304% |
| Financial income | 75/76B | €624 | €255 | -€369 | -59.1% |
| Recurring financial income | 75 | €624 | €255 | -€369 | -59.1% |
| Financial charges | 65/66B | €436 | €284 | -€152 | -34.9% |
| Recurring financial charges | 65 | €436 | €284 | -€152 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €39,016 | €156,842 | +€117,826 | +302% |
| Income taxes | 67/77 | €8,770 | €36,795 | +€28,025 | +320% |
| Profit (loss) for the period | 9904 | €30,246 | €120,047 | +€89,801 | +297% |
| Profit (loss) for the period to be appropriated | 9905 | €30,246 | €120,047 | +€89,801 | +297% |
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 28 October 2026 via checked.be.