Pycke zot: what changed
Pycke zot
Largest movements
- Receivables within one year -€51,545
down €51,545 (-52.9%), from €97,491 to €45,945
of which Other amounts receivable: -€86,150
- Cash -€20,268
down €20,268 (-9.5%), from €212,618 to €192,350
mainly Contributions, distributions and other (-€262,964) and Investment in fixed assets (net) (-€34,336)
- Tangible fixed assets +€13,044
up €13,044 (+8.3%), from €156,374 to €169,418
of which Furniture and vehicles: +€17,964
- Reserves -€168,125
down €168,125 (-62.0%), from €271,256 to €103,131
- Other debts +€83,334
new in 2025: €83,334
- Tax, wage and social debts +€23,002
up €23,002 (+83.5%), from €27,532 to €50,534
of which Remuneration and social security: +€16,436
- Trade debts +€19,436
up €19,436 (+54.2%), from €35,882 to €55,318
- Debts after one year -€14,942
down €14,942 (-14.3%), from €104,306 to €89,365
- Gross operating margin -€57,265
down €57,265 (-18.8%), from €303,974 to €246,710
- Taxes -€13,601
down €13,601 (-28.9%), from €47,066 to €33,466
- Staff costs -€10,413
down €10,413 (-10.3%), from €101,067 to €90,654
- Depreciation -€5,268
down €5,268 (-19.8%), from €26,559 to €21,292
- Financial income -€4,325
down €4,325 (-74.6%), from €5,797 to €1,472
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,079 | €418,373 | -€61,706 | -12.9% |
| Fixed assets | 21/28 | €156,374 | €169,418 | +€13,044 | +8.3% |
| Tangible fixed assets | 22/27 | €156,374 | €169,418 | +€13,044 | +8.3% |
| Land and buildings | 22 | €122,115 | €113,984 | -€8,131 | -6.7% |
| Plant, machinery and equipment | 23 | €1,760 | €9,924 | +€8,164 | +464% |
| Furniture and vehicles | 24 | €1,364 | €19,328 | +€17,964 | +1,317% |
| Other tangible fixed assets | 26 | €31,135 | €26,182 | -€4,954 | -15.9% |
| Current assets | 29/58 | €323,705 | €248,955 | -€74,750 | -23.1% |
| Stocks and contracts in progress | 3 | €7,010 | €7,672 | +€662 | +9.4% |
| Stocks | 30/36 | €7,010 | €7,672 | +€662 | +9.4% |
| Amounts receivable within one year | 40/41 | €97,491 | €45,945 | -€51,545 | -52.9% |
| Trade receivables | 40 | €139 | €34,744 | +€34,605 | +24,878% |
| Other amounts receivable | 41 | €97,352 | €11,202 | -€86,150 | -88.5% |
| Cash at bank and in hand | 54/58 | €212,618 | €192,350 | -€20,268 | -9.5% |
| Deferred charges and accrued income | 490/1 | €6,586 | €2,987 | -€3,599 | -54.6% |
| Total equity and liabilities | 10/49 | €480,079 | €418,373 | -€61,706 | -12.9% |
| Equity | 10/15 | €289,806 | €121,681 | -€168,125 | -58.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €271,256 | €103,131 | -€168,125 | -62.0% |
| Distributable reserves | 133 | €271,256 | €103,131 | -€168,125 | -62.0% |
| Amounts payable | 17/49 | €190,273 | €296,693 | +€106,419 | +55.9% |
| Amounts payable after more than one year | 17 | €104,306 | €89,365 | -€14,942 | -14.3% |
| Financial debts | 170/4 | €104,306 | €89,365 | -€14,942 | -14.3% |
| Amounts payable within one year | 42/48 | €85,967 | €207,328 | +€121,361 | +141% |
| Current portion of amounts payable after more than one year | 42 | €18,253 | €14,942 | -€3,311 | -18.1% |
| Trade debts | 44 | €35,882 | €55,318 | +€19,436 | +54.2% |
| Suppliers | 440/4 | €35,882 | €55,318 | +€19,436 | +54.2% |
| Advances received on contracts in progress | 46 | €4,300 | €3,200 | -€1,100 | -25.6% |
| Taxes, remuneration and social security | 45 | €27,532 | €50,534 | +€23,002 | +83.5% |
| Taxes | 450/3 | €19,309 | €25,875 | +€6,566 | +34.0% |
| Remuneration and social security | 454/9 | €8,223 | €24,659 | +€16,436 | +200% |
| Other amounts payable | 47/48 | - | €83,334 | +€83,334 | |
| Non-recurring operating income | 76A | €55,244 | - | -€55,244 | |
| Remuneration, social security and pensions | 62 | €101,067 | €90,654 | -€10,413 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,559 | €21,292 | -€5,268 | -19.8% |
| Other operating charges | 640/8 | €2,850 | €2,119 | -€730 | -25.6% |
| Gross operating margin | 9900 | €303,974 | €246,710 | -€57,265 | -18.8% |
| Operating profit (loss) | 9901 | €173,499 | €132,645 | -€40,854 | -23.5% |
| Financial income | 75/76B | €5,797 | €1,472 | -€4,325 | -74.6% |
| Recurring financial income | 75 | €5,797 | €1,472 | -€4,325 | -74.6% |
| Financial charges | 65/66B | €4,865 | €5,813 | +€948 | +19.5% |
| Recurring financial charges | 65 | €4,865 | €5,813 | +€948 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €174,431 | €128,305 | -€46,127 | -26.4% |
| Income taxes | 67/77 | €47,066 | €33,466 | -€13,601 | -28.9% |
| Profit (loss) for the period | 9904 | €127,365 | €94,839 | -€32,526 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €127,365 | €94,839 | -€32,526 | -25.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.