PIRAMIDE: 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.
PIRAMIDE
Largest movements
- Tangible fixed assets -€14,443
down €14,443 (-17.5%), from €82,645 to €68,201
- Cash +€11,165
up €11,165 (+13.5%), from €82,825 to €93,990
mainly Depreciation (+€14,443) and Investment in fixed assets (net) (+€850)
- Reserves -€3,623
down €3,623 (-13.4%), from €27,072 to €23,449
of which Distributable reserves: -€3,623
- Accrued charges and deferred income -€1,700
no longer reported in 2025 (was €1,700)
- Other operating charges +€1,383
up €1,383 (+273.6%), from €505 to €1,888
- Gross operating margin -€199
down €199 (-1.5%), from €12,921 to €12,723
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 | €169,297 | €164,418 | -€4,880 | -2.9% |
| Fixed assets | 21/28 | €83,495 | €68,201 | -€15,293 | -18.3% |
| Tangible fixed assets | 22/27 | €82,645 | €68,201 | -€14,443 | -17.5% |
| Other tangible fixed assets | 26 | €82,645 | €68,201 | -€14,443 | -17.5% |
| Financial fixed assets | 28 | €850 | - | -€850 | |
| Current assets | 29/58 | €85,803 | €96,216 | +€10,414 | +12.1% |
| Amounts receivable within one year | 40/41 | €2,977 | €2,226 | -€751 | -25.2% |
| Trade receivables | 40 | €2,973 | €2,213 | -€760 | -25.6% |
| Other amounts receivable | 41 | €4 | €13 | +€9 | +229.6% |
| Cash at bank and in hand | 54/58 | €82,825 | €93,990 | +€11,165 | +13.5% |
| Total equity and liabilities | 10/49 | €169,297 | €164,418 | -€4,880 | -2.9% |
| Equity | 10/15 | €45,664 | €42,041 | -€3,623 | -7.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,072 | €23,449 | -€3,623 | -13.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €25,213 | €21,590 | -€3,623 | -14.4% |
| Amounts payable | 17/49 | €123,633 | €122,377 | -€1,256 | -1.0% |
| Amounts payable within one year | 42/48 | €121,933 | €122,377 | +€444 | +0.4% |
| Trade debts | 44 | €57 | €505 | +€449 | +792.1% |
| Suppliers | 440/4 | €57 | €505 | +€449 | +792.1% |
| Taxes, remuneration and social security | 45 | €264 | €379 | +€115 | +43.7% |
| Taxes | 450/3 | €264 | €379 | +€115 | +43.7% |
| Other amounts payable | 47/48 | €121,613 | €121,493 | -€120 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,700 | - | -€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,384 | €14,443 | +€59 | +0.4% |
| Other operating charges | 640/8 | €505 | €1,888 | +€1,383 | +273.6% |
| Gross operating margin | 9900 | €12,921 | €12,723 | -€199 | -1.5% |
| Operating profit (loss) | 9901 | -€1,968 | -€3,609 | -€1,641 | -83.4% |
| Financial income | 75/76B | €13 | €30 | +€17 | +129.5% |
| Recurring financial income | 75 | €13 | €30 | +€17 | +129.5% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.1% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,999 | -€3,623 | -€1,625 | -81.3% |
| Profit (loss) for the period | 9904 | -€1,999 | -€3,623 | -€1,625 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,999 | -€3,623 | -€1,625 | -81.3% |
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.