PYKAVEE: 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.
PYKAVEE
Largest movements
- Tangible fixed assets -€27,464
down €27,464 (-8.2%), from €335,663 to €308,199
of which Furniture and vehicles: -€15,434
- Receivables within one year -€17,625
down €17,625 (-41.4%), from €42,534 to €24,909
of which Trade receivables: -€17,625
- Cash -€11,395
down €11,395 (-50.7%), from €22,481 to €11,086
mainly Short-term financial debts (-€25,000) and Debts after one year (-€22,856)
- Stocks and contracts +€4,641
up €4,641 (+59.3%), from €7,833 to €12,474
- Short-term financial debts -€25,000
down €25,000 (-26.3%), from €95,000 to €70,000
- Debts after one year -€22,856
down €22,856 (-25.2%), from €90,675 to €67,819
- Gross operating margin -€5,574
down €5,574 (-11.1%), from €50,322 to €44,748
- Depreciation -€3,167
down €3,167 (-10.3%), from €30,630 to €27,464
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 | €411,135 | €357,285 | -€53,850 | -13.1% |
| Fixed assets | 21/28 | €335,663 | €308,199 | -€27,464 | -8.2% |
| Tangible fixed assets | 22/27 | €335,663 | €308,199 | -€27,464 | -8.2% |
| Land and buildings | 22 | €279,226 | €268,197 | -€11,029 | -3.9% |
| Plant, machinery and equipment | 23 | €3,666 | €2,665 | -€1,001 | -27.3% |
| Furniture and vehicles | 24 | €52,770 | €37,336 | -€15,434 | -29.2% |
| Current assets | 29/58 | €75,473 | €49,086 | -€26,387 | -35.0% |
| Stocks and contracts in progress | 3 | €7,833 | €12,474 | +€4,641 | +59.3% |
| Stocks | 30/36 | €7,833 | €12,474 | +€4,641 | +59.3% |
| Amounts receivable within one year | 40/41 | €42,534 | €24,909 | -€17,625 | -41.4% |
| Trade receivables | 40 | €42,359 | €24,735 | -€17,625 | -41.6% |
| Other amounts receivable | 41 | €175 | €175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,481 | €11,086 | -€11,395 | -50.7% |
| Deferred charges and accrued income | 490/1 | €2,625 | €616 | -€2,009 | -76.5% |
| Total equity and liabilities | 10/49 | €411,135 | €357,285 | -€53,850 | -13.1% |
| Equity | 10/15 | €189,030 | €192,455 | +€3,425 | +1.8% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €193,000 | €193,000 | = | 0.0% |
| Distributable reserves | 133 | €193,000 | €193,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,074 | -€323,649 | +€3,425 | +1.0% |
| Amounts payable | 17/49 | €222,105 | €164,830 | -€57,275 | -25.8% |
| Amounts payable after more than one year | 17 | €90,675 | €67,819 | -€22,856 | -25.2% |
| Financial debts | 170/4 | €90,675 | €67,819 | -€22,856 | -25.2% |
| Amounts payable within one year | 42/48 | €127,944 | €96,207 | -€31,737 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €26,555 | €22,856 | -€3,698 | -13.9% |
| Financial debts | 43 | €95,000 | €70,000 | -€25,000 | -26.3% |
| Credit institutions | 430/8 | €95,000 | €70,000 | -€25,000 | -26.3% |
| Trade debts | 44 | €3,127 | €648 | -€2,480 | -79.3% |
| Suppliers | 440/4 | €3,127 | €648 | -€2,480 | -79.3% |
| Taxes, remuneration and social security | 45 | €1,776 | €1,817 | +€41 | +2.3% |
| Taxes | 450/3 | €1,776 | €1,817 | +€41 | +2.3% |
| Other amounts payable | 47/48 | €1,486 | €886 | -€600 | -40.4% |
| Accrued charges and deferred income | 492/3 | €3,486 | €804 | -€2,682 | -76.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €224 | €0 | -€224 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,630 | €27,464 | -€3,167 | -10.3% |
| Other operating charges | 640/8 | €3,498 | €3,485 | -€13 | -0.4% |
| Gross operating margin | 9900 | €50,322 | €44,748 | -€5,574 | -11.1% |
| Operating profit (loss) | 9901 | €15,970 | €13,800 | -€2,170 | -13.6% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €10,456 | €10,212 | -€243 | -2.3% |
| Recurring financial charges | 65 | €10,456 | €10,212 | -€243 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €5,514 | €3,598 | -€1,917 | -34.8% |
| Income taxes | 67/77 | €621 | €173 | -€447 | -72.1% |
| Profit (loss) for the period | 9904 | €4,894 | €3,425 | -€1,469 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,894 | €3,425 | -€1,469 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.