PYGMALYON EVOLUTION: 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.
PYGMALYON EVOLUTION
Largest movements
- Receivables within one year +€25,558
up €25,558 (+617.5%), from €4,139 to €29,698
of which Trade receivables: +€27,985
- Cash -€11,225
down €11,225 (-27.2%), from €41,234 to €30,009
mainly Receivables within one year (-€25,558) and Tax, wage and social debts (-€6,187)
- Tangible fixed assets -€723
down €723 (-13.4%), from €5,408 to €4,685
- Other debts +€9,992
new in 2025: €9,992
- Trade debts +€9,806
up €9,806 (+6306.5%), from €155 to €9,961
- Tax, wage and social debts -€6,187
down €6,187 (-58.6%), from €10,560 to €4,373
- Financial charges +€30,708
up €30,708 (+15205.8%), from €202 to €30,910
- Gross operating margin +€16,145
up €16,145 (+90.1%), from €17,922 to €34,067
- Taxes -€3,705
down €3,705 (-79.2%), from €4,678 to €972
- Other operating charges +€389
up €389 (+51.5%), from €757 to €1,146
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 | €50,781 | €64,392 | +€13,611 | +26.8% |
| Fixed assets | 21/28 | €5,408 | €4,685 | -€723 | -13.4% |
| Tangible fixed assets | 22/27 | €5,408 | €4,685 | -€723 | -13.4% |
| Other tangible fixed assets | 26 | €5,408 | €4,685 | -€723 | -13.4% |
| Current assets | 29/58 | €45,373 | €59,707 | +€14,334 | +31.6% |
| Amounts receivable within one year | 40/41 | €4,139 | €29,698 | +€25,558 | +617.5% |
| Trade receivables | 40 | €1,685 | €29,670 | +€27,985 | +1661.0% |
| Other amounts receivable | 41 | €2,454 | €28 | -€2,427 | -98.9% |
| Cash at bank and in hand | 54/58 | €41,234 | €30,009 | -€11,225 | -27.2% |
| Total equity and liabilities | 10/49 | €50,781 | €64,392 | +€13,611 | +26.8% |
| Equity | 10/15 | €40,066 | €40,066 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,866 | €33,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,006 | €32,006 | = | 0.0% |
| Amounts payable | 17/49 | €10,715 | €24,327 | +€13,611 | +127.0% |
| Amounts payable within one year | 42/48 | €10,715 | €24,327 | +€13,611 | +127.0% |
| Trade debts | 44 | €155 | €9,961 | +€9,806 | +6306.5% |
| Suppliers | 440/4 | €155 | €9,961 | +€9,806 | +6306.5% |
| Taxes, remuneration and social security | 45 | €10,560 | €4,373 | -€6,187 | -58.6% |
| Taxes | 450/3 | €10,560 | €4,373 | -€6,187 | -58.6% |
| Other amounts payable | 47/48 | - | €9,992 | +€9,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €723 | €723 | = | 0.0% |
| Other operating charges | 640/8 | €757 | €1,146 | +€389 | +51.5% |
| Gross operating margin | 9900 | €17,922 | €34,067 | +€16,145 | +90.1% |
| Operating profit (loss) | 9901 | €16,442 | €32,198 | +€15,755 | +95.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €202 | €30,910 | +€30,708 | +15205.8% |
| Recurring financial charges | 65 | €202 | €30,910 | +€30,708 | +15205.8% |
| Profit (loss) for the period before taxes | 9903 | €16,240 | €1,288 | -€14,952 | -92.1% |
| Income taxes | 67/77 | €4,678 | €972 | -€3,705 | -79.2% |
| Profit (loss) for the period | 9904 | €11,563 | €316 | -€11,247 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,563 | €316 | -€11,247 | -97.3% |
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 3 October 2026 via checked.be.