PIRAMIS: 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.
PIRAMIS
Largest movements
- Cash +€39,811
up €39,811 (+115%), from €34,632 to €74,443
mainly Receivables within one year (+€21,537) and Investment in fixed assets (net) (+€14,074)
- Tangible fixed assets -€25,479
down €25,479 (-70.9%), from €35,960 to €10,481
of which Plant, machinery and equipment: -€25,017
- Receivables within one year -€21,537
down €21,537 (-10.9%), from €196,966 to €175,429
of which Trade receivables: -€37,754
- Profit (loss) carried forward +€11,486
up €11,486 (+7.3%), from €158,315 to €169,801
- Trade debts -€10,252
down €10,252 (-28.9%), from €35,456 to €25,204
- Tax, wage and social debts -€7,779
down €7,779 (-34.3%), from €22,667 to €14,888
of which Taxes: -€9,438
- Gross operating margin -€14,258
down €14,258 (-18.4%), from €77,416 to €63,158
- Depreciation -€9,177
down €9,177 (-44.6%), from €20,582 to €11,405
- Staff costs +€1,761
up €1,761 (+5.3%), from €33,057 to €34,818
- Taxes -€1,449
down €1,449 (-28.0%), from €5,171 to €3,722
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 | €267,558 | €260,353 | -€7,205 | -2.7% |
| Fixed assets | 21/28 | €35,960 | €10,481 | -€25,479 | -70.9% |
| Tangible fixed assets | 22/27 | €35,960 | €10,481 | -€25,479 | -70.9% |
| Plant, machinery and equipment | 23 | €26,038 | €1,021 | -€25,017 | -96.1% |
| Furniture and vehicles | 24 | €9,922 | €9,460 | -€462 | -4.7% |
| Current assets | 29/58 | €231,598 | €249,872 | +€18,274 | +7.9% |
| Amounts receivable within one year | 40/41 | €196,966 | €175,429 | -€21,537 | -10.9% |
| Trade receivables | 40 | €134,658 | €96,904 | -€37,754 | -28.0% |
| Other amounts receivable | 41 | €62,308 | €78,525 | +€16,217 | +26.0% |
| Cash at bank and in hand | 54/58 | €34,632 | €74,443 | +€39,811 | +115% |
| Total equity and liabilities | 10/49 | €267,558 | €260,353 | -€7,205 | -2.7% |
| Equity | 10/15 | €208,775 | €220,261 | +€11,486 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,315 | €169,801 | +€11,486 | +7.3% |
| Amounts payable | 17/49 | €58,783 | €40,092 | -€18,691 | -31.8% |
| Amounts payable within one year | 42/48 | €58,783 | €40,092 | -€18,691 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €660 | - | -€660 | |
| Trade debts | 44 | €35,456 | €25,204 | -€10,252 | -28.9% |
| Suppliers | 440/4 | €35,456 | €25,204 | -€10,252 | -28.9% |
| Taxes, remuneration and social security | 45 | €22,667 | €14,888 | -€7,779 | -34.3% |
| Taxes | 450/3 | €14,266 | €4,828 | -€9,438 | -66.2% |
| Remuneration and social security | 454/9 | €8,401 | €10,060 | +€1,659 | +19.7% |
| Remuneration, social security and pensions | 62 | €33,057 | €34,818 | +€1,761 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,582 | €11,405 | -€9,177 | -44.6% |
| Other operating charges | 640/8 | €2,001 | €1,702 | -€299 | -14.9% |
| Gross operating margin | 9900 | €77,416 | €63,158 | -€14,258 | -18.4% |
| Operating profit (loss) | 9901 | €21,776 | €15,233 | -€6,543 | -30.0% |
| Financial income | 75/76B | €703 | €406 | -€297 | -42.2% |
| Recurring financial income | 75 | €703 | €406 | -€297 | -42.2% |
| Financial charges | 65/66B | €366 | €431 | +€65 | +17.8% |
| Recurring financial charges | 65 | €366 | €431 | +€65 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €22,113 | €15,208 | -€6,905 | -31.2% |
| Income taxes | 67/77 | €5,171 | €3,722 | -€1,449 | -28.0% |
| Profit (loss) for the period | 9904 | €16,942 | €11,486 | -€5,456 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,942 | €11,486 | -€5,456 | -32.2% |
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 26 October 2026 via checked.be.