PYCARELLE: 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.
PYCARELLE
Largest movements
- Cash +€64,174
up €64,174 (+41.7%), from €153,818 to €217,991
mainly Net result for the year (+€24,748) and Deferred charges and accrued income (+€17,539)
- Deferred charges and accrued income -€17,539
down €17,539 (-70.2%), from €24,978 to €7,439
- Tangible fixed assets -€12,048
down €12,048 (-95.2%), from €12,649 to €601
of which Furniture and vehicles: -€10,857
- Receivables within one year -€7,426
down €7,426 (-35.4%), from €20,958 to €13,533
of which Trade receivables: -€7,131
- Reserves +€23,818
up €23,818 (+48.8%), from €48,773 to €72,591
of which Distributable reserves: +€23,818
- Trade debts -€11,776
down €11,776 (-65.3%), from €18,047 to €6,271
- Accrued charges and deferred income +€10,032
up €10,032 (+382%), from €2,626 to €12,658
- Tax, wage and social debts +€7,791
up €7,791 (+116%), from €6,733 to €14,523
- Other debts -€3,505
down €3,505 (-11.6%), from €30,112 to €26,607
- Gross operating margin +€25,159
up €25,159 (+63.8%), from €39,438 to €64,597
- Taxes +€12,728
up €12,728 (+2,173%), from €586 to €13,314
- Depreciation -€11,429
down €11,429 (-48.7%), from €23,476 to €12,048
- Other operating charges -€3,421
down €3,421 (-22.9%), from €14,962 to €11,541
- Financial charges +€2,030
up €2,030 (+222%), from €916 to €2,947
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 | €213,107 | €239,564 | +€26,456 | +12.4% |
| Fixed assets | 21/28 | €13,354 | €601 | -€12,753 | -95.5% |
| Tangible fixed assets | 22/27 | €12,649 | €601 | -€12,048 | -95.2% |
| Plant, machinery and equipment | 23 | €1,253 | €398 | -€856 | -68.3% |
| Furniture and vehicles | 24 | €10,857 | - | -€10,857 | |
| Other tangible fixed assets | 26 | €538 | €203 | -€335 | -62.3% |
| Financial fixed assets | 28 | €705 | - | -€705 | |
| Current assets | 29/58 | €199,754 | €238,963 | +€39,209 | +19.6% |
| Amounts receivable within one year | 40/41 | €20,958 | €13,533 | -€7,426 | -35.4% |
| Trade receivables | 40 | €20,664 | €13,533 | -€7,131 | -34.5% |
| Other amounts receivable | 41 | €294 | - | -€294 | |
| Cash at bank and in hand | 54/58 | €153,818 | €217,991 | +€64,174 | +41.7% |
| Deferred charges and accrued income | 490/1 | €24,978 | €7,439 | -€17,539 | -70.2% |
| Total equity and liabilities | 10/49 | €213,107 | €239,564 | +€26,456 | +12.4% |
| Equity | 10/15 | €155,590 | €179,505 | +€23,915 | +15.4% |
| Contributions | 10/11 | €108,781 | €108,781 | = | 0.0% |
| Reserves | 13 | €48,773 | €72,591 | +€23,818 | +48.8% |
| 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 | €46,913 | €70,732 | +€23,818 | +50.8% |
| Profit (loss) carried forward | 14 | -€1,964 | -€1,867 | +€97 | +4.9% |
| Amounts payable | 17/49 | €57,517 | €60,059 | +€2,542 | +4.4% |
| Amounts payable within one year | 42/48 | €54,891 | €47,401 | -€7,490 | -13.6% |
| Trade debts | 44 | €18,047 | €6,271 | -€11,776 | -65.3% |
| Suppliers | 440/4 | €18,047 | €6,271 | -€11,776 | -65.3% |
| Taxes, remuneration and social security | 45 | €6,733 | €14,523 | +€7,791 | +116% |
| Taxes | 450/3 | €6,733 | €14,523 | +€7,791 | +116% |
| Other amounts payable | 47/48 | €30,112 | €26,607 | -€3,505 | -11.6% |
| Accrued charges and deferred income | 492/3 | €2,626 | €12,658 | +€10,032 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,476 | €12,048 | -€11,429 | -48.7% |
| Other operating charges | 640/8 | €14,962 | €11,541 | -€3,421 | -22.9% |
| Gross operating margin | 9900 | €39,438 | €64,597 | +€25,159 | +63.8% |
| Operating profit (loss) | 9901 | €1,000 | €41,008 | +€40,008 | +4,000% |
| Financial income | 75/76B | €82 | - | -€82 | |
| Recurring financial income | 75 | €82 | - | -€82 | |
| Financial charges | 65/66B | €916 | €2,947 | +€2,030 | +222% |
| Recurring financial charges | 65 | €916 | €2,947 | +€2,030 | +222% |
| Profit (loss) for the period before taxes | 9903 | €166 | €38,062 | +€37,896 | +22,800% |
| Income taxes | 67/77 | €586 | €13,314 | +€12,728 | +2,173% |
| Profit (loss) for the period | 9904 | -€420 | €24,748 | +€25,167 | |
| Profit (loss) for the period to be appropriated | 9905 | -€420 | €24,748 | +€25,167 |
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 21 October 2026 via checked.be.