PYBGP: 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.
PYBGP
Largest movements
- Receivables within one year +€74,385
up €74,385 (+431.3%), from €17,246 to €91,632
of which Trade receivables: +€82,274
- Debts after one year -€270,448
down €270,448 (-52.9%), from €511,169 to €240,721
- Reserves +€239,650
up €239,650 (+7.0%), from €3.4m to €3.7m
of which Distributable reserves: +€239,650
- Tax, wage and social debts +€114,123
up €114,123 (+316.6%), from €36,043 to €150,166
- Financial income -€455,674
no longer reported in 2025 (was €455,674)
- Turnover -€347,733
no longer reported in 2025 (was €347,733)
- Gross operating margin +€108,948
up €108,948 (+45.1%), from €241,512 to €350,460
- Purchases and services -€106,220
no longer reported in 2025 (was €106,220)
- Taxes +€75,718
up €75,718 (+941.4%), from €8,043 to €83,761
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 | €7,191,456 | €7,219,511 | +€28,054 | +0.4% |
| Fixed assets | 21/28 | €7,144,193 | €7,114,798 | -€29,395 | -0.4% |
| Financial fixed assets | 28 | €7,144,193 | €7,114,798 | -€29,395 | -0.4% |
| Current assets | 29/58 | €47,263 | €104,712 | +€57,449 | +121.6% |
| Amounts receivable within one year | 40/41 | €17,246 | €91,632 | +€74,385 | +431.3% |
| Trade receivables | 40 | €9,358 | €91,632 | +€82,274 | +879.2% |
| Other amounts receivable | 41 | €7,888 | - | -€7,888 | |
| Cash at bank and in hand | 54/58 | €28,108 | €11,133 | -€16,975 | -60.4% |
| Deferred charges and accrued income | 490/1 | €1,909 | €1,948 | +€39 | +2.0% |
| Total equity and liabilities | 10/49 | €7,191,456 | €7,219,511 | +€28,054 | +0.4% |
| Equity | 10/15 | €4,415,801 | €4,656,061 | +€240,260 | +5.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €500,000 | - | -€500,000 | |
| Issued capital | 100 | €500,000 | - | -€500,000 | |
| Outside capital | 11 | €500,000 | - | -€500,000 | |
| Other | 1109/19 | €500,000 | - | -€500,000 | |
| Reserves | 13 | €3,411,370 | €3,651,020 | +€239,650 | +7.0% |
| Tax-exempt reserves | 132 | €261,020 | €261,020 | = | 0.0% |
| Distributable reserves | 133 | €3,150,350 | €3,390,000 | +€239,650 | +7.6% |
| Profit (loss) carried forward | 14 | €4,431 | €5,041 | +€610 | +13.8% |
| Amounts payable | 17/49 | €2,775,656 | €2,563,450 | -€212,206 | -7.6% |
| Amounts payable after more than one year | 17 | €511,169 | €240,721 | -€270,448 | -52.9% |
| Financial debts | 170/4 | €511,169 | €240,721 | -€270,448 | -52.9% |
| Amounts payable within one year | 42/48 | €2,264,486 | €2,322,729 | +€58,242 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €275,557 | €270,448 | -€5,108 | -1.9% |
| Trade debts | 44 | €299 | - | -€299 | |
| Suppliers | 440/4 | €299 | - | -€299 | |
| Taxes, remuneration and social security | 45 | €36,043 | €150,166 | +€114,123 | +316.6% |
| Taxes | 450/3 | €36,043 | €150,166 | +€114,123 | +316.6% |
| Other amounts payable | 47/48 | €1,952,588 | €1,902,114 | -€50,473 | -2.6% |
| Turnover | 70 | €347,733 | - | -€347,733 | |
| Goods, raw materials, services and sundry goods | 60/61 | €106,220 | - | -€106,220 | |
| Other operating charges | 640/8 | €3,187 | €1,086 | -€2,101 | -65.9% |
| Gross operating margin | 9900 | €241,512 | €350,460 | +€108,948 | +45.1% |
| Operating profit (loss) | 9901 | €238,325 | €349,374 | +€111,049 | +46.6% |
| Financial income | 75/76B | €455,674 | - | -€455,674 | |
| Recurring financial income | 75 | €455,674 | - | -€455,674 | |
| Financial charges | 65/66B | €29,423 | €25,353 | -€4,071 | -13.8% |
| Recurring financial charges | 65 | €29,423 | €25,353 | -€4,071 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €664,576 | €324,021 | -€340,555 | -51.2% |
| Income taxes | 67/77 | €8,043 | €83,761 | +€75,718 | +941.4% |
| Profit (loss) for the period | 9904 | €656,533 | €240,260 | -€416,273 | -63.4% |
| Transfer to tax-exempt reserves | 689 | €92,620 | - | -€92,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €563,913 | €240,260 | -€323,653 | -57.4% |
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 30 September 2026 via checked.be.