Pykes Partners: 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.
Pykes Partners
Largest movements
- Receivables within one year +€58,292
up €58,292 (+295%), from €19,741 to €78,033
of which Trade receivables: +€57,926
- Cash -€18,393
down €18,393 (-47.0%), from €39,112 to €20,719
mainly Receivables within one year (-€58,292) and Tax, wage and social debts (-€1,230)
- Formation expenses -€1,043
down €1,043 (-26.1%), from €3,996 to €2,953
- Trade debts +€32,608
up €32,608 (+57.9%), from €56,278 to €88,885
- Reserves +€6,471
new in 2025: €6,471
- Tax, wage and social debts -€1,230
down €1,230 (-23.8%), from €5,161 to €3,932
- Gross operating margin +€10,255
up €10,255 (+927%), from €1,107 to €11,362
- Taxes +€1,749
new in 2025: €1,749
- Financial charges +€234
up €234 (+369%), from €63 to €297
- Other operating charges +€209
up €209 (+29.5%), from €710 to €919
- Depreciation -€177
down €177 (-14.5%), from €1,220 to €1,043
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.
Derived cash bridge
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 | €62,849 | €101,704 | +€38,855 | +61.8% |
| Formation expenses | 20 | €3,996 | €2,953 | -€1,043 | -26.1% |
| Current assets | 29/58 | €58,853 | €98,752 | +€39,898 | +67.8% |
| Amounts receivable within one year | 40/41 | €19,741 | €78,033 | +€58,292 | +295% |
| Trade receivables | 40 | €19,741 | €77,667 | +€57,926 | +293% |
| Other amounts receivable | 41 | - | €366 | +€366 | |
| Cash at bank and in hand | 54/58 | €39,112 | €20,719 | -€18,393 | -47.0% |
| Total equity and liabilities | 10/49 | €62,849 | €101,704 | +€38,855 | +61.8% |
| Equity | 10/15 | €1,118 | €8,471 | +€7,353 | +658% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €6,471 | +€6,471 | |
| Distributable reserves | 133 | - | €6,471 | +€6,471 | |
| Profit (loss) carried forward | 14 | -€882 | €0 | +€882 | |
| Amounts payable | 17/49 | €61,731 | €93,233 | +€31,502 | +51.0% |
| Amounts payable within one year | 42/48 | €61,731 | €93,233 | +€31,502 | +51.0% |
| Financial debts | 43 | - | €130 | +€130 | |
| Credit institutions | 430/8 | - | €130 | +€130 | |
| Trade debts | 44 | €56,278 | €88,885 | +€32,608 | +57.9% |
| Suppliers | 440/4 | €56,278 | €88,885 | +€32,608 | +57.9% |
| Taxes, remuneration and social security | 45 | €5,161 | €3,932 | -€1,230 | -23.8% |
| Taxes | 450/3 | €5,161 | €3,932 | -€1,230 | -23.8% |
| Other amounts payable | 47/48 | €292 | €286 | -€6 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,043 | -€177 | -14.5% |
| Other operating charges | 640/8 | €710 | €919 | +€209 | +29.5% |
| Gross operating margin | 9900 | €1,107 | €11,362 | +€10,255 | +927% |
| Operating profit (loss) | 9901 | -€823 | €9,399 | +€10,223 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €63 | €297 | +€234 | +369% |
| Recurring financial charges | 65 | €63 | €297 | +€234 | +369% |
| Profit (loss) for the period before taxes | 9903 | -€882 | €9,102 | +€9,984 | |
| Income taxes | 67/77 | - | €1,749 | +€1,749 | |
| Profit (loss) for the period | 9904 | -€882 | €7,353 | +€8,235 | |
| Profit (loss) for the period to be appropriated | 9905 | -€882 | €7,353 | +€8,235 |
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 17 October 2026 via checked.be.