PYCKOBELLO: 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.
PYCKOBELLO
Largest movements
- Cash +€59,726
up €59,726 (+228.6%), from €26,123 to €85,848
mainly Depreciation (+€272,502) and Tax, wage and social debts (+€20,878)
- Tangible fixed assets -€49,038
down €49,038 (-3.9%), from €1.3m to €1.2m
of which Furniture and vehicles: -€107,038
- Other debts -€62,121
down €62,121 (-45.0%), from €138,022 to €75,902
- Debts after one year -€25,986
down €25,986 (-3.7%), from €702,199 to €676,213
- Tax, wage and social debts +€20,878
up €20,878 (+43.5%), from €48,031 to €68,910
of which Taxes: +€27,854
- Trade debts +€20,698
up €20,698 (+23.6%), from €87,729 to €108,427
- Gross operating margin -€351,414
down €351,414 (-42.4%), from €828,726 to €477,313
- Staff costs -€191,877
down €191,877 (-56.0%), from €342,810 to €150,933
- Taxes -€47,854
down €47,854 (-92.7%), from €51,640 to €3,785
- Depreciation +€27,208
up €27,208 (+11.1%), from €245,294 to €272,502
- Other operating charges +€13,894
up €13,894 (+727.6%), from €1,910 to €15,804
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 | €1,778,051 | €1,749,451 | -€28,600 | -1.6% |
| Fixed assets | 21/28 | €1,286,979 | €1,225,112 | -€61,866 | -4.8% |
| Intangible fixed assets | 21 | €34,160 | €21,332 | -€12,829 | -37.6% |
| Tangible fixed assets | 22/27 | €1,251,810 | €1,202,772 | -€49,038 | -3.9% |
| Land and buildings | 22 | €564,877 | €648,097 | +€83,219 | +14.7% |
| Plant, machinery and equipment | 23 | €259,011 | €233,792 | -€25,219 | -9.7% |
| Furniture and vehicles | 24 | €427,922 | €320,883 | -€107,038 | -25.0% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €491,072 | €524,338 | +€33,266 | +6.8% |
| Stocks and contracts in progress | 3 | €2,416 | €2,585 | +€170 | +7.0% |
| Stocks | 30/36 | €2,416 | €2,585 | +€170 | +7.0% |
| Amounts receivable within one year | 40/41 | €447,785 | €433,950 | -€13,836 | -3.1% |
| Trade receivables | 40 | €432,340 | €362,056 | -€70,284 | -16.3% |
| Other amounts receivable | 41 | €15,445 | €71,894 | +€56,449 | +365.5% |
| Cash at bank and in hand | 54/58 | €26,123 | €85,848 | +€59,726 | +228.6% |
| Deferred charges and accrued income | 490/1 | €14,748 | €1,955 | -€12,793 | -86.7% |
| Total equity and liabilities | 10/49 | €1,778,051 | €1,749,451 | -€28,600 | -1.6% |
| Equity | 10/15 | €672,847 | €679,507 | +€6,660 | +1.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €647,847 | €654,507 | +€6,660 | +1.0% |
| Distributable reserves | 133 | €647,847 | €654,507 | +€6,660 | +1.0% |
| Amounts payable | 17/49 | €1,105,204 | €1,069,944 | -€35,260 | -3.2% |
| Amounts payable after more than one year | 17 | €702,199 | €676,213 | -€25,986 | -3.7% |
| Financial debts | 170/4 | €702,199 | €676,213 | -€25,986 | -3.7% |
| Amounts payable within one year | 42/48 | €395,450 | €391,962 | -€3,488 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €121,667 | €138,724 | +€17,056 | +14.0% |
| Trade debts | 44 | €87,729 | €108,427 | +€20,698 | +23.6% |
| Suppliers | 440/4 | €87,729 | €108,427 | +€20,698 | +23.6% |
| Taxes, remuneration and social security | 45 | €48,031 | €68,910 | +€20,878 | +43.5% |
| Taxes | 450/3 | €32,987 | €60,841 | +€27,854 | +84.4% |
| Remuneration and social security | 454/9 | €15,044 | €8,068 | -€6,976 | -46.4% |
| Other amounts payable | 47/48 | €138,022 | €75,902 | -€62,121 | -45.0% |
| Accrued charges and deferred income | 492/3 | €7,555 | €1,769 | -€5,786 | -76.6% |
| Remuneration, social security and pensions | 62 | €342,810 | €150,933 | -€191,877 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,294 | €272,502 | +€27,208 | +11.1% |
| Other operating charges | 640/8 | €1,910 | €15,804 | +€13,894 | +727.6% |
| Gross operating margin | 9900 | €828,726 | €477,313 | -€351,414 | -42.4% |
| Operating profit (loss) | 9901 | €238,713 | €38,074 | -€200,639 | -84.1% |
| Financial income | 75/76B | €2,125 | €769 | -€1,356 | -63.8% |
| Recurring financial income | 75 | €2,125 | €769 | -€1,356 | -63.8% |
| Financial charges | 65/66B | €21,188 | €28,398 | +€7,210 | +34.0% |
| Recurring financial charges | 65 | €21,188 | €28,398 | +€7,210 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €219,650 | €10,445 | -€209,205 | -95.2% |
| Income taxes | 67/77 | €51,640 | €3,785 | -€47,854 | -92.7% |
| Profit (loss) for the period | 9904 | €168,010 | €6,660 | -€161,351 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,010 | €6,660 | -€161,351 | -96.0% |
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 12 October 2026 via checked.be.