PYLAUW: 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.
PYLAUW
Largest movements
- Tangible fixed assets +€866,714
up €866,714 (+81.2%), from €1.1m to €1.9m
of which Land and buildings: +€1.2m
- Stocks and contracts -€29,182
down €29,182 (-35.8%), from €81,601 to €52,420
- Debts after one year +€834,832
up €834,832 (+89.9%), from €928,203 to €1.8m
- Trade debts +€51,574
up €51,574 (+189%), from €27,268 to €78,842
- Reserves -€39,692
down €39,692 (-25.9%), from €153,270 to €113,578
of which Distributable reserves: -€39,692
- Tax, wage and social debts -€27,207
down €27,207 (-46.7%), from €58,318 to €31,111
of which Taxes: -€31,217
- Other debts +€23,293
up €23,293 (+20.9%), from €111,579 to €134,872
- Gross operating margin -€59,087
down €59,087 (-50.4%), from €117,284 to €58,196
- Depreciation +€32,382
up €32,382 (+142%), from €22,731 to €55,113
- Financial charges +€15,814
up €15,814 (+52.3%), from €30,238 to €46,052
- Staff costs -€12,710
down €12,710 (-91.2%), from €13,934 to €1,224
- Financial income +€5,464
up €5,464 (+62.9%), from €8,689 to €14,153
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,394,962 | €2,236,506 | +€841,544 | +60.3% |
| Fixed assets | 21/28 | €1,075,619 | €1,941,668 | +€866,049 | +80.5% |
| Intangible fixed assets | 21 | €373 | €71 | -€302 | -80.9% |
| Tangible fixed assets | 22/27 | €1,067,383 | €1,934,097 | +€866,714 | +81.2% |
| Land and buildings | 22 | €682,593 | €1,931,007 | +€1.2m | +183% |
| Plant, machinery and equipment | 23 | - | €2,449 | +€2,449 | |
| Furniture and vehicles | 24 | €1,061 | €640 | -€420 | -39.6% |
| Assets under construction and advance payments | 27 | €383,729 | €0 | -€383,729 | -100% |
| Financial fixed assets | 28 | €7,863 | €7,500 | -€363 | -4.6% |
| Current assets | 29/58 | €319,343 | €294,838 | -€24,505 | -7.7% |
| Stocks and contracts in progress | 3 | €81,601 | €52,420 | -€29,182 | -35.8% |
| Stocks | 30/36 | €81,601 | €52,420 | -€29,182 | -35.8% |
| Amounts receivable within one year | 40/41 | €223,752 | €241,556 | +€17,804 | +8.0% |
| Trade receivables | 40 | €163,134 | €240,940 | +€77,806 | +47.7% |
| Other amounts receivable | 41 | €60,618 | €616 | -€60,003 | -99.0% |
| Cash at bank and in hand | 54/58 | €12,302 | €529 | -€11,773 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,687 | €334 | -€1,353 | -80.2% |
| Total equity and liabilities | 10/49 | €1,394,962 | €2,236,506 | +€841,544 | +60.3% |
| Equity | 10/15 | €172,194 | €132,178 | -€40,016 | -23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,270 | €113,578 | -€39,692 | -25.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €4,410 | €4,410 | = | 0.0% |
| Distributable reserves | 133 | €148,860 | €109,168 | -€39,692 | -26.7% |
| Profit (loss) carried forward | 14 | €324 | €0 | -€324 | -100% |
| Amounts payable | 17/49 | €1,222,768 | €2,104,328 | +€881,560 | +72.1% |
| Amounts payable after more than one year | 17 | €928,203 | €1,763,036 | +€834,832 | +89.9% |
| Financial debts | 170/4 | €928,203 | €1,763,036 | +€834,832 | +89.9% |
| Amounts payable within one year | 42/48 | €294,565 | €341,292 | +€46,728 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €97,400 | €93,767 | -€3,632 | -3.7% |
| Trade debts | 44 | €27,268 | €78,842 | +€51,574 | +189% |
| Suppliers | 440/4 | €27,268 | €78,842 | +€51,574 | +189% |
| Advances received on contracts in progress | 46 | €0 | €2,700 | +€2,700 | |
| Taxes, remuneration and social security | 45 | €58,318 | €31,111 | -€27,207 | -46.7% |
| Taxes | 450/3 | €53,088 | €21,871 | -€31,217 | -58.8% |
| Remuneration and social security | 454/9 | €5,230 | €9,240 | +€4,010 | +76.7% |
| Other amounts payable | 47/48 | €111,579 | €134,872 | +€23,293 | +20.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €13,934 | €1,224 | -€12,710 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,731 | €55,113 | +€32,382 | +142% |
| Other operating charges | 640/8 | €10,417 | €9,719 | -€697 | -6.7% |
| Gross operating margin | 9900 | €117,284 | €58,196 | -€59,087 | -50.4% |
| Operating profit (loss) | 9901 | €70,202 | -€7,860 | -€78,062 | |
| Financial income | 75/76B | €8,689 | €14,153 | +€5,464 | +62.9% |
| Recurring financial income | 75 | €8,689 | €14,153 | +€5,464 | +62.9% |
| Financial charges | 65/66B | €30,238 | €46,052 | +€15,814 | +52.3% |
| Recurring financial charges | 65 | €30,238 | €46,052 | +€15,814 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €48,652 | -€39,760 | -€88,412 | |
| Income taxes | 67/77 | €4,636 | €256 | -€4,380 | -94.5% |
| Profit (loss) for the period | 9904 | €44,016 | -€40,016 | -€84,032 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,016 | -€40,016 | -€84,032 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.