PYCKAVET I.B.: 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.
PYCKAVET I.B.
Largest movements
- Tangible fixed assets -€8,325
down €8,325 (-47.5%), from €17,541 to €9,216
of which Plant, machinery and equipment: -€5,380
- Deferred charges and accrued income +€7,999
up €7,999 (+500%), from €1,601 to €9,600
- Receivables within one year -€7,761
down €7,761 (-40.8%), from €19,012 to €11,251
of which Trade receivables: -€7,977
- Profit (loss) carried forward +€21,240
up €21,240 (+24.6%), from -€86,239 to -€64,999
- Short-term financial debts -€18,120
down €18,120 (-91.2%), from €19,876 to €1,756
- Trade debts -€10,590
down €10,590 (-82.1%), from €12,906 to €2,316
of which Suppliers: -€10,185
- Accrued charges and deferred income -€997
no longer reported in 2025 (was €997)
- Gross operating margin +€74,873
up €74,873, from -€34,799 to €40,074
- Other operating charges +€10,915
up €10,915 (+2,126%), from €513 to €11,429
- Depreciation -€9,294
down €9,294 (-64.2%), from €14,471 to €5,177
- Financial charges +€745
up €745 (+52.4%), from €1,420 to €2,165
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 | €42,634 | €34,234 | -€8,400 | -19.7% |
| Fixed assets | 21/28 | €17,881 | €9,216 | -€8,666 | -48.5% |
| Intangible fixed assets | 21 | €340 | - | -€340 | |
| Tangible fixed assets | 22/27 | €17,541 | €9,216 | -€8,325 | -47.5% |
| Plant, machinery and equipment | 23 | €12,675 | €7,295 | -€5,380 | -42.4% |
| Furniture and vehicles | 24 | €3,855 | €1,310 | -€2,545 | -66.0% |
| Other tangible fixed assets | 26 | €1,011 | €610 | -€400 | -39.6% |
| Current assets | 29/58 | €24,753 | €25,019 | +€266 | +1.1% |
| Stocks and contracts in progress | 3 | €4,083 | €4,165 | +€82 | +2.0% |
| Stocks | 30/36 | €4,083 | €4,165 | +€82 | +2.0% |
| Amounts receivable within one year | 40/41 | €19,012 | €11,251 | -€7,761 | -40.8% |
| Trade receivables | 40 | €13,565 | €5,588 | -€7,977 | -58.8% |
| Other amounts receivable | 41 | €5,447 | €5,663 | +€216 | +4.0% |
| Cash at bank and in hand | 54/58 | €57 | €3 | -€54 | -95.3% |
| Deferred charges and accrued income | 490/1 | €1,601 | €9,600 | +€7,999 | +500% |
| Total equity and liabilities | 10/49 | €42,634 | €34,234 | -€8,400 | -19.7% |
| Equity | 10/15 | €2,777 | €24,017 | +€21,240 | +765% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,417 | €70,417 | = | 0.0% |
| Distributable reserves | 133 | €70,417 | €70,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,239 | -€64,999 | +€21,240 | +24.6% |
| Amounts payable | 17/49 | €39,857 | €10,217 | -€29,640 | -74.4% |
| Amounts payable within one year | 42/48 | €38,860 | €10,217 | -€28,643 | -73.7% |
| Financial debts | 43 | €19,876 | €1,756 | -€18,120 | -91.2% |
| Credit institutions | 430/8 | €19,876 | €1,756 | -€18,120 | -91.2% |
| Trade debts | 44 | €12,906 | €2,316 | -€10,590 | -82.1% |
| Suppliers | 440/4 | €12,501 | €2,316 | -€10,185 | -81.5% |
| Bills of exchange payable | 441 | €405 | - | -€405 | |
| Taxes, remuneration and social security | 45 | €6,077 | €6,145 | +€67 | +1.1% |
| Taxes | 450/3 | €6,077 | €6,145 | +€67 | +1.1% |
| Accrued charges and deferred income | 492/3 | €997 | - | -€997 | |
| Non-recurring operating income | 76A | €1,050 | €23,149 | +€22,099 | +2,104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,471 | €5,177 | -€9,294 | -64.2% |
| Other operating charges | 640/8 | €513 | €11,429 | +€10,915 | +2,126% |
| Gross operating margin | 9900 | -€34,799 | €40,074 | +€74,873 | |
| Operating profit (loss) | 9901 | -€49,783 | €23,469 | +€73,252 | |
| Financial income | 75/76B | €181 | €4 | -€177 | -97.9% |
| Recurring financial income | 75 | €181 | €4 | -€177 | -97.9% |
| Financial charges | 65/66B | €1,420 | €2,165 | +€745 | +52.4% |
| Recurring financial charges | 65 | €1,420 | €2,165 | +€745 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€51,022 | €21,308 | +€72,330 | |
| Income taxes | 67/77 | €452 | €68 | -€384 | -85.0% |
| Profit (loss) for the period | 9904 | -€51,474 | €21,240 | +€72,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,474 | €21,240 | +€72,714 |
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 25 October 2026 via checked.be.