PYGMA: 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.
PYGMA
Largest movements
- Cash +€212,419
up €212,419 (+109.0%), from €194,956 to €407,376
mainly Other debts (+€292,267) and Net result for the year (+€165,039)
- Tangible fixed assets -€20,668
down €20,668 (-22.8%), from €90,533 to €69,865
- Other debts +€292,267
up €292,267 (+492.1%), from €59,388 to €351,655
- Profit (loss) carried forward -€141,761
down €141,761 (-52.7%), from €268,799 to €127,039
- Tax, wage and social debts +€46,331
up €46,331 (+186.6%), from €24,827 to €71,158
- Gross operating margin -€26,223
down €26,223 (-9.7%), from €269,853 to €243,630
- Depreciation +€8,840
up €8,840 (+74.7%), from €11,827 to €20,668
- Taxes -€4,804
down €4,804 (-8.2%), from €58,418 to €53,614
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 | €391,089 | €583,643 | +€192,553 | +49.2% |
| Fixed assets | 21/28 | €90,533 | €69,865 | -€20,668 | -22.8% |
| Tangible fixed assets | 22/27 | €90,533 | €69,865 | -€20,668 | -22.8% |
| Furniture and vehicles | 24 | €90,533 | €69,865 | -€20,668 | -22.8% |
| Current assets | 29/58 | €300,557 | €513,778 | +€213,221 | +70.9% |
| Amounts receivable within one year | 40/41 | €25,600 | €26,402 | +€802 | +3.1% |
| Trade receivables | 40 | €25,600 | €26,402 | +€802 | +3.1% |
| Current investments | 50/53 | €80,000 | €80,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €194,956 | €407,376 | +€212,419 | +109.0% |
| Total equity and liabilities | 10/49 | €391,089 | €583,643 | +€192,553 | +49.2% |
| Equity | 10/15 | €301,799 | €160,039 | -€141,761 | -47.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,799 | €127,039 | -€141,761 | -52.7% |
| Amounts payable | 17/49 | €89,290 | €423,604 | +€334,314 | +374.4% |
| Amounts payable within one year | 42/48 | €89,290 | €423,604 | +€334,314 | +374.4% |
| Trade debts | 44 | €5,074 | €791 | -€4,284 | -84.4% |
| Suppliers | 440/4 | €5,074 | €791 | -€4,284 | -84.4% |
| Taxes, remuneration and social security | 45 | €24,827 | €71,158 | +€46,331 | +186.6% |
| Taxes | 450/3 | €24,827 | €71,158 | +€46,331 | +186.6% |
| Other amounts payable | 47/48 | €59,388 | €351,655 | +€292,267 | +492.1% |
| Non-recurring operating income | 76A | €9,256 | - | -€9,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €20,668 | +€8,840 | +74.7% |
| Other operating charges | 640/8 | €155 | €453 | +€298 | +192.3% |
| Gross operating margin | 9900 | €269,853 | €243,630 | -€26,223 | -9.7% |
| Operating profit (loss) | 9901 | €257,871 | €222,510 | -€35,361 | -13.7% |
| Financial income | 75/76B | €115 | €0 | -€115 | -100.0% |
| Recurring financial income | 75 | €115 | €0 | -€115 | -100.0% |
| Financial charges | 65/66B | €2,540 | €3,857 | +€1,317 | +51.8% |
| Recurring financial charges | 65 | €2,540 | €3,857 | +€1,317 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €255,446 | €218,653 | -€36,793 | -14.4% |
| Income taxes | 67/77 | €58,418 | €53,614 | -€4,804 | -8.2% |
| Profit (loss) for the period | 9904 | €197,028 | €165,039 | -€31,989 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €197,028 | €165,039 | -€31,989 | -16.2% |
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 30 September 2026 via checked.be.