Pyck Paul: 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.
Pyck Paul
Largest movements
- Current investments -€54,299
down €54,299 (-6.8%), from €797,709 to €743,410
- Stocks and contracts +€18,371
up €18,371 (+41.0%), from €44,827 to €63,198
- Receivables within one year +€12,388
up €12,388 (+15.1%), from €81,856 to €94,245
of which Trade receivables: +€33,827
- Other debts -€122,580
down €122,580 (-98.9%), from €123,905 to €1,325
- Reserves +€78,564
up €78,564 (+9.1%), from €861,226 to €939,790
of which Distributable reserves: +€78,564
- Tax, wage and social debts +€18,858
up €18,858 (+84.1%), from €22,417 to €41,276
of which Taxes: +€17,524
- Staff costs -€67,277
down €67,277 (-39.4%), from €170,624 to €103,347
- Gross operating margin -€45,782
down €45,782 (-11.8%), from €387,504 to €341,721
- Taxes +€9,639
up €9,639 (+16.0%), from €60,072 to €69,711
- Financial income +€7,763
up €7,763 (+33.0%), from €23,489 to €31,252
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,772 | €1,009,219 | -€27,553 | -2.7% |
| Fixed assets | 21/28 | €110,027 | €105,910 | -€4,117 | -3.7% |
| Tangible fixed assets | 22/27 | €110,027 | €105,910 | -€4,117 | -3.7% |
| Plant, machinery and equipment | 23 | €27,062 | €17,040 | -€10,022 | -37.0% |
| Furniture and vehicles | 24 | €82,965 | €88,870 | +€5,905 | +7.1% |
| Current assets | 29/58 | €926,745 | €903,309 | -€23,436 | -2.5% |
| Stocks and contracts in progress | 3 | €44,827 | €63,198 | +€18,371 | +41.0% |
| Stocks | 30/36 | €44,827 | €63,198 | +€18,371 | +41.0% |
| Amounts receivable within one year | 40/41 | €81,856 | €94,245 | +€12,388 | +15.1% |
| Trade receivables | 40 | €60,418 | €94,245 | +€33,827 | +56.0% |
| Other amounts receivable | 41 | €21,438 | €0 | -€21,438 | -100.0% |
| Current investments | 50/53 | €797,709 | €743,410 | -€54,299 | -6.8% |
| Deferred charges and accrued income | 490/1 | €2,352 | €2,456 | +€104 | +4.4% |
| Total equity and liabilities | 10/49 | €1,036,772 | €1,009,219 | -€27,553 | -2.7% |
| Equity | 10/15 | €867,426 | €945,990 | +€78,564 | +9.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €861,226 | €939,790 | +€78,564 | +9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €861,226 | €939,790 | +€78,564 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,346 | €63,229 | -€106,117 | -62.7% |
| Amounts payable within one year | 42/48 | €165,674 | €61,200 | -€104,474 | -63.1% |
| Trade debts | 44 | €19,351 | €18,600 | -€752 | -3.9% |
| Suppliers | 440/4 | €19,351 | €18,600 | -€752 | -3.9% |
| Taxes, remuneration and social security | 45 | €22,417 | €41,276 | +€18,858 | +84.1% |
| Taxes | 450/3 | €13,572 | €31,097 | +€17,524 | +129.1% |
| Remuneration and social security | 454/9 | €8,845 | €10,179 | +€1,334 | +15.1% |
| Other amounts payable | 47/48 | €123,905 | €1,325 | -€122,580 | -98.9% |
| Accrued charges and deferred income | 492/3 | €3,672 | €2,029 | -€1,643 | -44.7% |
| Non-recurring operating income | 76A | €0 | €4,566 | +€4,566 | |
| Remuneration, social security and pensions | 62 | €170,624 | €103,347 | -€67,277 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,304 | €37,541 | -€763 | -2.0% |
| Other operating charges | 640/8 | €2,102 | €2,268 | +€166 | +7.9% |
| Gross operating margin | 9900 | €387,504 | €341,721 | -€45,782 | -11.8% |
| Operating profit (loss) | 9901 | €176,474 | €198,565 | +€22,091 | +12.5% |
| Financial income | 75/76B | €23,489 | €31,252 | +€7,763 | +33.0% |
| Recurring financial income | 75 | €23,489 | €31,252 | +€7,763 | +33.0% |
| Financial charges | 65/66B | €4,166 | €2,542 | -€1,624 | -39.0% |
| Recurring financial charges | 65 | €4,166 | €2,542 | -€1,624 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €195,797 | €227,275 | +€31,478 | +16.1% |
| Income taxes | 67/77 | €60,072 | €69,711 | +€9,639 | +16.0% |
| Profit (loss) for the period | 9904 | €135,725 | €157,564 | +€21,839 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €135,725 | €157,564 | +€21,839 | +16.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.