Pyck: 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.
Pyck
Largest movements
- Receivables within one year -€813,434
down €813,434 (-33.6%), from €2.4m to €1.6m
of which Trade receivables: -€720,265
- Stocks and contracts -€101,756
down €101,756 (-17.1%), from €596,604 to €494,848
- Cash -€61,411
down €61,411 (-63.2%), from €97,159 to €35,748
mainly Other debts (-€793,154) and Investment in fixed assets (net) (-€140,881)
- Tangible fixed assets +€44,828
up €44,828 (+6.8%), from €654,464 to €699,292
of which Furniture and vehicles: +€61,566
- Other debts -€793,154
down €793,154 (-90.9%), from €872,831 to €79,677
- Debts after one year -€85,360
down €85,360 (-17.0%), from €501,921 to €416,561
- Trade debts -€74,010
down €74,010 (-30.5%), from €242,975 to €168,965
- Gross operating margin -€99,618
down €99,618 (-29.2%), from €340,874 to €241,256
- Taxes -€31,139
down €31,139 (-99.5%), from €31,285 to €146
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 | €3,771,816 | €2,835,596 | -€936,220 | -24.8% |
| Fixed assets | 21/28 | €654,588 | €699,416 | +€44,828 | +6.8% |
| Intangible fixed assets | 21 | €124 | €124 | = | 0.0% |
| Tangible fixed assets | 22/27 | €654,464 | €699,292 | +€44,828 | +6.8% |
| Land and buildings | 22 | €323,456 | €286,105 | -€37,351 | -11.5% |
| Plant, machinery and equipment | 23 | €200,766 | €223,894 | +€23,129 | +11.5% |
| Furniture and vehicles | 24 | €24,953 | €86,519 | +€61,566 | +247% |
| Other tangible fixed assets | 26 | €105,289 | €102,774 | -€2,515 | -2.4% |
| Current assets | 29/58 | €3,117,228 | €2,136,180 | -€981,048 | -31.5% |
| Stocks and contracts in progress | 3 | €596,604 | €494,848 | -€101,756 | -17.1% |
| Stocks | 30/36 | €596,604 | €494,848 | -€101,756 | -17.1% |
| Amounts receivable within one year | 40/41 | €2,418,559 | €1,605,126 | -€813,434 | -33.6% |
| Trade receivables | 40 | €2,305,537 | €1,585,272 | -€720,265 | -31.2% |
| Other amounts receivable | 41 | €113,022 | €19,854 | -€93,168 | -82.4% |
| Cash at bank and in hand | 54/58 | €97,159 | €35,748 | -€61,411 | -63.2% |
| Deferred charges and accrued income | 490/1 | €4,906 | €458 | -€4,448 | -90.7% |
| Total equity and liabilities | 10/49 | €3,771,816 | €2,835,596 | -€936,220 | -24.8% |
| Equity | 10/15 | €1,992,601 | €1,979,477 | -€13,124 | -0.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,867,601 | €1,854,477 | -€13,124 | -0.7% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,134 | €80,070 | -€29,064 | -26.6% |
| Distributable reserves | 133 | €1,745,967 | €1,761,907 | +€15,940 | +0.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,779,215 | €856,119 | -€923,096 | -51.9% |
| Amounts payable after more than one year | 17 | €501,921 | €416,561 | -€85,360 | -17.0% |
| Financial debts | 170/4 | €501,921 | €416,561 | -€85,360 | -17.0% |
| Amounts payable within one year | 42/48 | €1,277,294 | €439,559 | -€837,735 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €120,254 | €148,188 | +€27,934 | +23.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €242,975 | €168,965 | -€74,010 | -30.5% |
| Suppliers | 440/4 | €242,975 | €168,965 | -€74,010 | -30.5% |
| Taxes, remuneration and social security | 45 | €41,235 | €42,729 | +€1,494 | +3.6% |
| Taxes | 450/3 | €38,031 | €39,425 | +€1,394 | +3.7% |
| Remuneration and social security | 454/9 | €3,204 | €3,304 | +€100 | +3.1% |
| Other amounts payable | 47/48 | €872,831 | €79,677 | -€793,154 | -90.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €46,987 | €45,645 | -€1,343 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,018 | €96,053 | +€35 | 0.0% |
| Other operating charges | 640/8 | €12,437 | €15,641 | +€3,204 | +25.8% |
| Gross operating margin | 9900 | €340,874 | €241,256 | -€99,618 | -29.2% |
| Operating profit (loss) | 9901 | €185,433 | €83,918 | -€101,515 | -54.7% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €23,661 | €21,896 | -€1,764 | -7.5% |
| Recurring financial charges | 65 | €23,661 | €21,896 | -€1,764 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €161,792 | €62,022 | -€99,770 | -61.7% |
| Income taxes | 67/77 | €31,285 | €146 | -€31,139 | -99.5% |
| Profit (loss) for the period | 9904 | €130,507 | €61,876 | -€68,631 | -52.6% |
| Transfer from tax-exempt reserves | 789 | - | €29,064 | +€29,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €130,507 | €90,940 | -€39,567 | -30.3% |
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 16 October 2026 via checked.be.