LES PYRAMIDES: what changed
Two fiscal 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.
LES PYRAMIDES
Largest movements
- Tangible fixed assets -€15,024
down €15,024 (-17.6%), from €85,246 to €70,222
of which Plant, machinery and equipment: -€8,073
- Other debts -€17,004
down €17,004 (-24.7%), from €68,721 to €51,717
- Trade debts +€1,940
up €1,940 (+252.2%), from €769 to €2,709
- Gross operating margin -€839
down €839 (-3.5%), from €23,762 to €22,923
- Depreciation +€332
up €332 (+2.0%), from €16,314 to €16,646
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.
Cash bridge derived
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 | €85,986 | €71,564 | -€14,422 | -16.8% |
| Fixed assets | 21/28 | €85,246 | €70,222 | -€15,024 | -17.6% |
| Tangible fixed assets | 22/27 | €85,246 | €70,222 | -€15,024 | -17.6% |
| Land and buildings | 22 | €46,505 | €39,859 | -€6,645 | -14.3% |
| Plant, machinery and equipment | 23 | €37,919 | €29,846 | -€8,073 | -21.3% |
| Furniture and vehicles | 24 | €822 | €516 | -€306 | -37.2% |
| Current assets | 29/58 | €740 | €1,342 | +€602 | +81.4% |
| Cash at bank and in hand | 54/58 | €232 | €819 | +€587 | +252.4% |
| Deferred charges and accrued income | 490/1 | €507 | €523 | +€15 | +3.0% |
| Total equity and liabilities | 10/49 | €85,986 | €71,564 | -€14,422 | -16.8% |
| Equity | 10/15 | €15,797 | €16,557 | +€760 | +4.8% |
| Contributions | 10/11 | €82,301 | €82,301 | = | 0.0% |
| Capital | 10 | €82,301 | €82,301 | = | 0.0% |
| Issued capital | 100 | €82,301 | €82,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,504 | -€65,744 | +€760 | +1.1% |
| Amounts payable | 17/49 | €70,189 | €55,006 | -€15,183 | -21.6% |
| Amounts payable within one year | 42/48 | €69,545 | €54,426 | -€15,119 | -21.7% |
| Trade debts | 44 | €769 | €2,709 | +€1,940 | +252.2% |
| Suppliers | 440/4 | €769 | €2,709 | +€1,940 | +252.2% |
| Taxes, remuneration and social security | 45 | €55 | - | -€55 | |
| Taxes | 450/3 | €55 | - | -€55 | |
| Other amounts payable | 47/48 | €68,721 | €51,717 | -€17,004 | -24.7% |
| Accrued charges and deferred income | 492/3 | €644 | €580 | -€64 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,314 | €16,646 | +€332 | +2.0% |
| Other operating charges | 640/8 | €5,341 | €5,486 | +€145 | +2.7% |
| Gross operating margin | 9900 | €23,762 | €22,923 | -€839 | -3.5% |
| Operating profit (loss) | 9901 | €2,107 | €790 | -€1,316 | -62.5% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,077 | €760 | -€1,316 | -63.4% |
| Profit (loss) for the period | 9904 | €2,077 | €760 | -€1,316 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,077 | €760 | -€1,316 | -63.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.