PYFFEROEN: what changed
What changed
PYFFEROEN
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€124,875
2024 · €97,459+€27,416
Equity
€832,822
2024 · €761,444+€71,378
Cash
€158,323
2024 · €128,095+€30,228
Balance sheet total
€1.5m
2024 · €1.5m+€839
Largest movements
Assets
- Cash +€30,228
up €30,228 (+23.6%), from €128,095 to €158,323
mainly Net result for the year (+€124,875) and Depreciation (+€81,272)
- Tangible fixed assets -€21,304
down €21,304 (-1.8%), from €1.2m to €1.2m
of which Furniture and vehicles: -€42,533
Equity and liabilities
- Reserves +€71,378
up €71,378 (+10.1%), from €705,444 to €776,822
of which Distributable reserves: +€74,610
- Debts after one year -€59,716
down €59,716 (-11.5%), from €517,107 to €457,391
- Trade debts -€18,415
down €18,415 (-24.2%), from €76,058 to €57,643
- Tax, wage and social debts +€15,352
up €15,352 (+34.2%), from €44,888 to €60,241
of which Remuneration and social security: +€14,716
Income statement
- Gross operating margin +€47,588
up €47,588 (+6.4%), from €738,793 to €786,380
- Taxes +€12,037
up €12,037 (+23.2%), from €51,823 to €63,861
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.
Result 2024
€97,459
Gross operating margin
+€47,588
Staff costs
-€1,094
Depreciation
-€5,254
Other operating charges
-€139
Other operating items
-€16
Financial income
-€2,591
Financial charges
+€960
Taxes
-€12,037
Result 2025
€124,875
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€209,121
Investment
-€59,890
Financing
-€119,003
Cash 2024
€128,095
From operations (derived)
+€209,121
Net result for the year
+€124,875
Depreciation
+€81,272
Stocks and contracts
+€4,662
Receivables within one year
+€9,366
Deferred charges and accrued income
-€6,021
Provisions
-€1,664
Trade debts
-€18,415
Tax, wage and social debts
+€15,352
Other debts
+€80
Accrued charges and deferred income
-€387
Investment (derived)
-€59,890
Investment in fixed assets (net)
-€59,890
Financing
-€119,003
Debts after one year
-€59,716
Current portion of long-term debt
+€2,894
Short-term financial debts
-€8,684
Contributions, distributions and other
-€53,497
Cash 2025
€158,323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,531,898 | €1,532,737 | +€839 | +0.1% |
| Formation expenses | 20 | €101 | €22 | -€78 | -77.8% |
| Fixed assets | 21/28 | €1,183,847 | €1,162,543 | -€21,304 | -1.8% |
| Tangible fixed assets | 22/27 | €1,183,712 | €1,162,408 | -€21,304 | -1.8% |
| Land and buildings | 22 | €991,845 | €1,004,800 | +€12,955 | +1.3% |
| Plant, machinery and equipment | 23 | €40,811 | €49,085 | +€8,274 | +20.3% |
| Furniture and vehicles | 24 | €151,056 | €108,523 | -€42,533 | -28.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €347,950 | €370,171 | +€22,221 | +6.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €121,730 | €117,067 | -€4,662 | -3.8% |
| Stocks | 30/36 | €121,730 | €117,067 | -€4,662 | -3.8% |
| Amounts receivable within one year | 40/41 | €83,791 | €74,425 | -€9,366 | -11.2% |
| Trade receivables | 40 | €28,430 | €64,520 | +€36,090 | +127% |
| Other amounts receivable | 41 | €55,360 | €9,904 | -€45,456 | -82.1% |
| Cash at bank and in hand | 54/58 | €128,095 | €158,323 | +€30,228 | +23.6% |
| Deferred charges and accrued income | 490/1 | €14,335 | €20,355 | +€6,021 | +42.0% |
| Total equity and liabilities | 10/49 | €1,531,898 | €1,532,737 | +€839 | +0.1% |
| Equity | 10/15 | €761,444 | €832,822 | +€71,378 | +9.4% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €705,444 | €776,822 | +€71,378 | +10.1% |
| Non-distributable reserves | 130/1 | €9,664 | €9,664 | = | 0.0% |
| Other | 1319 | €9,664 | €9,664 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,168 | €40,936 | -€3,232 | -7.3% |
| Distributable reserves | 133 | €651,612 | €726,222 | +€74,610 | +11.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €22,743 | €21,079 | -€1,664 | -7.3% |
| Deferred taxes | 168 | €22,743 | €21,079 | -€1,664 | -7.3% |
| Amounts payable | 17/49 | €747,711 | €678,836 | -€68,875 | -9.2% |
| Amounts payable after more than one year | 17 | €517,107 | €457,391 | -€59,716 | -11.5% |
| Financial debts | 170/4 | €517,107 | €457,391 | -€59,716 | -11.5% |
| Amounts payable within one year | 42/48 | €230,218 | €221,445 | -€8,772 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €88,617 | €91,511 | +€2,894 | +3.3% |
| Financial debts | 43 | €16,718 | €8,034 | -€8,684 | -51.9% |
| Credit institutions | 430/8 | €16,718 | €8,034 | -€8,684 | -51.9% |
| Trade debts | 44 | €76,058 | €57,643 | -€18,415 | -24.2% |
| Suppliers | 440/4 | €76,058 | €57,643 | -€18,415 | -24.2% |
| Taxes, remuneration and social security | 45 | €44,888 | €60,241 | +€15,352 | +34.2% |
| Taxes | 450/3 | €19,483 | €20,120 | +€637 | +3.3% |
| Remuneration and social security | 454/9 | €25,405 | €40,121 | +€14,716 | +57.9% |
| Other amounts payable | 47/48 | €3,937 | €4,017 | +€80 | +2.0% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | €0 | €2,590 | +€2,590 | |
| Remuneration, social security and pensions | 62 | €491,658 | €492,752 | +€1,094 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,019 | €81,272 | +€5,254 | +6.9% |
| Other operating charges | 640/8 | €15,083 | €15,222 | +€139 | +0.9% |
| Non-recurring operating charges | 66A | €569 | €586 | +€16 | +2.9% |
| Gross operating margin | 9900 | €738,793 | €786,380 | +€47,588 | +6.4% |
| Operating profit (loss) | 9901 | €155,464 | €196,548 | +€41,084 | +26.4% |
| Financial income | 75/76B | €9,901 | €7,310 | -€2,591 | -26.2% |
| Recurring financial income | 75 | €9,901 | €7,310 | -€2,591 | -26.2% |
| Financial charges | 65/66B | €17,746 | €16,786 | -€960 | -5.4% |
| Recurring financial charges | 65 | €17,746 | €16,786 | -€960 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €147,618 | €187,071 | +€39,453 | +26.7% |
| Transfer from deferred taxes | 780 | €1,664 | €1,664 | = | 0.0% |
| Income taxes | 67/77 | €51,823 | €63,861 | +€12,037 | +23.2% |
| Profit (loss) for the period | 9904 | €97,459 | €124,875 | +€27,416 | +28.1% |
| Transfer from tax-exempt reserves | 789 | €3,232 | €3,232 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,691 | €128,107 | +€27,416 | +27.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.