PYCKAVET: 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.
PYCKAVET
Largest movements
- Receivables within one year -€13,605
down €13,605 (-71.4%), from €19,067 to €5,462
of which Trade receivables: -€10,005
- Cash -€6,876
down €6,876 (-90.8%), from €7,571 to €694
mainly Current portion of long-term debt (-€14,808) and Net result for the year (-€4,551)
- Tangible fixed assets -€4,210
down €4,210 (-11.4%), from €36,969 to €32,759
- Deferred charges and accrued income +€1,264
up €1,264 (+147.6%), from €856 to €2,120
- Current portion of long-term debt -€14,808
down €14,808 (-76.5%), from €19,362 to €4,553
- Profit (loss) carried forward -€4,551
down €4,551 (-33.5%), from -€13,580 to -€18,131
- Tax, wage and social debts +€4,166
up €4,166 (+96.9%), from €4,298 to €8,465
- Debts after one year -€3,839
down €3,839 (-24.8%), from €15,469 to €11,630
- Trade debts -€3,697
down €3,697 (-23.5%), from €15,744 to €12,047
- Gross operating margin -€3,394
down €3,394 (-29.2%), from €11,627 to €8,233
- Write-downs +€2,468
no longer reported in 2025 (was -€2,468)
- Financial charges +€1,543
up €1,543 (+37.6%), from €4,100 to €5,642
- Other operating charges -€407
down €407 (-12.7%), from €3,197 to €2,790
- Depreciation +€395
up €395 (+10.4%), from €3,814 to €4,210
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 | €64,463 | €41,036 | -€23,427 | -36.3% |
| Fixed assets | 21/28 | €36,969 | €32,759 | -€4,210 | -11.4% |
| Tangible fixed assets | 22/27 | €36,969 | €32,759 | -€4,210 | -11.4% |
| Plant, machinery and equipment | 23 | €6,192 | €5,462 | -€730 | -11.8% |
| Furniture and vehicles | 24 | €3,991 | €2,545 | -€1,446 | -36.2% |
| Other tangible fixed assets | 26 | €26,787 | €24,753 | -€2,035 | -7.6% |
| Current assets | 29/58 | €27,494 | €8,276 | -€19,218 | -69.9% |
| Amounts receivable within one year | 40/41 | €19,067 | €5,462 | -€13,605 | -71.4% |
| Trade receivables | 40 | €12,397 | €2,392 | -€10,005 | -80.7% |
| Other amounts receivable | 41 | €6,670 | €3,070 | -€3,600 | -54.0% |
| Cash at bank and in hand | 54/58 | €7,571 | €694 | -€6,876 | -90.8% |
| Deferred charges and accrued income | 490/1 | €856 | €2,120 | +€1,264 | +147.6% |
| Total equity and liabilities | 10/49 | €64,463 | €41,036 | -€23,427 | -36.3% |
| Equity | 10/15 | €6,880 | €2,329 | -€4,551 | -66.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,580 | -€18,131 | -€4,551 | -33.5% |
| Amounts payable | 17/49 | €57,583 | €38,707 | -€18,876 | -32.8% |
| Amounts payable after more than one year | 17 | €15,469 | €11,630 | -€3,839 | -24.8% |
| Financial debts | 170/4 | €15,469 | €11,630 | -€3,839 | -24.8% |
| Amounts payable within one year | 42/48 | €39,404 | €25,064 | -€14,339 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €19,362 | €4,553 | -€14,808 | -76.5% |
| Trade debts | 44 | €15,744 | €12,047 | -€3,697 | -23.5% |
| Suppliers | 440/4 | €15,744 | €12,047 | -€3,697 | -23.5% |
| Taxes, remuneration and social security | 45 | €4,298 | €8,465 | +€4,166 | +96.9% |
| Taxes | 450/3 | €4,298 | €8,465 | +€4,166 | +96.9% |
| Accrued charges and deferred income | 492/3 | €2,710 | €2,013 | -€698 | -25.7% |
| Non-recurring operating income | 76A | €2,265 | - | -€2,265 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,814 | €4,210 | +€395 | +10.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,468 | - | +€2,468 | |
| Other operating charges | 640/8 | €3,197 | €2,790 | -€407 | -12.7% |
| Gross operating margin | 9900 | €11,627 | €8,233 | -€3,394 | -29.2% |
| Operating profit (loss) | 9901 | €7,084 | €1,233 | -€5,850 | -82.6% |
| Financial income | 75/76B | €3 | €224 | +€221 | +7365.0% |
| Recurring financial income | 75 | €3 | €224 | +€221 | +7365.0% |
| Financial charges | 65/66B | €4,100 | €5,642 | +€1,543 | +37.6% |
| Recurring financial charges | 65 | €4,100 | €5,642 | +€1,543 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €2,987 | -€4,185 | -€7,172 | |
| Income taxes | 67/77 | €465 | €366 | -€99 | -21.2% |
| Profit (loss) for the period | 9904 | €2,522 | -€4,551 | -€7,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,522 | -€4,551 | -€7,073 |
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 5 October 2026 via checked.be.