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
- Stocks and contracts -€79,000
no longer reported in 2025 (was €79,000)
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Cash -€41,394
down €41,394 (-35.8%), from €115,703 to €74,308
mainly Current investments (-€50,000) and Receivables within one year (-€40,954)
- Receivables within one year +€40,954
up €40,954 (+94.8%), from €43,199 to €84,153
of which Trade receivables: +€52,108
- Deferred charges and accrued income -€8,544
down €8,544 (-92.2%), from €9,267 to €723
- Trade debts -€22,884
down €22,884 (-95.7%), from €23,909 to €1,025
- Reserves -€21,002
down €21,002 (-7.0%), from €299,398 to €278,396
of which Distributable reserves: -€21,002
- Tax, wage and social debts +€7,561
up €7,561 (+114.1%), from €6,628 to €14,189
- Gross operating margin +€51,790
up €51,790 (+71.6%), from -€72,364 to -€20,574
- Financial income -€41,220
down €41,220 (-95.2%), from €43,300 to €2,080
- Staff costs -€15,413
no longer reported in 2025 (was €15,413)
- Financial charges -€1,842
down €1,842 (-57.4%), from €3,207 to €1,365
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 | €350,178 | €312,210 | -€37,968 | -10.8% |
| Fixed assets | 21/28 | €3,010 | €3,026 | +€16 | +0.5% |
| Financial fixed assets | 28 | €3,010 | €3,026 | +€16 | +0.5% |
| Current assets | 29/58 | €347,169 | €309,184 | -€37,984 | -10.9% |
| Stocks and contracts in progress | 3 | €79,000 | - | -€79,000 | |
| Stocks | 30/36 | €79,000 | - | -€79,000 | |
| Amounts receivable within one year | 40/41 | €43,199 | €84,153 | +€40,954 | +94.8% |
| Trade receivables | 40 | €30,219 | €82,327 | +€52,108 | +172.4% |
| Other amounts receivable | 41 | €12,980 | €1,826 | -€11,154 | -85.9% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €115,703 | €74,308 | -€41,394 | -35.8% |
| Deferred charges and accrued income | 490/1 | €9,267 | €723 | -€8,544 | -92.2% |
| Total equity and liabilities | 10/49 | €350,178 | €312,210 | -€37,968 | -10.8% |
| Equity | 10/15 | €317,998 | €296,996 | -€21,002 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €299,398 | €278,396 | -€21,002 | -7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €297,538 | €276,536 | -€21,002 | -7.1% |
| Amounts payable | 17/49 | €32,181 | €15,214 | -€16,966 | -52.7% |
| Amounts payable within one year | 42/48 | €30,537 | €15,214 | -€15,323 | -50.2% |
| Trade debts | 44 | €23,909 | €1,025 | -€22,884 | -95.7% |
| Suppliers | 440/4 | €23,909 | €1,025 | -€22,884 | -95.7% |
| Taxes, remuneration and social security | 45 | €6,628 | €14,189 | +€7,561 | +114.1% |
| Taxes | 450/3 | €6,628 | €14,189 | +€7,561 | +114.1% |
| Accrued charges and deferred income | 492/3 | €1,643 | - | -€1,643 | |
| Remuneration, social security and pensions | 62 | €15,413 | - | -€15,413 | |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€72,364 | -€20,574 | +€51,790 | +71.6% |
| Operating profit (loss) | 9901 | -€88,885 | -€21,717 | +€67,168 | +75.6% |
| Financial income | 75/76B | €43,300 | €2,080 | -€41,220 | -95.2% |
| Recurring financial income | 75 | €43,300 | €2,080 | -€41,220 | -95.2% |
| Financial charges | 65/66B | €3,207 | €1,365 | -€1,842 | -57.4% |
| Recurring financial charges | 65 | €3,207 | €1,365 | -€1,842 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,793 | -€21,002 | +€27,790 | +57.0% |
| Profit (loss) for the period | 9904 | -€48,793 | -€21,002 | +€27,790 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,793 | -€21,002 | +€27,790 | +57.0% |
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 7 October 2026 via checked.be.