Pyloon: 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.
What changed
Pyloon
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €705,206+€297,230
Equity
€3.1m
2024 · €2.1m+€1.0m
Cash
€70,308
2024 · €164,491-€94,183
Balance sheet total
€20.4m
2024 · €17.8m+€2.6m
Largest movements
Assets
- Stocks and contracts +€7.6m
up €7.6m (+73.4%), from €10.4m to €18.0m
of which Contracts in progress: +€7.4m
- Receivables within one year -€4.9m
down €4.9m (-74.3%), from €6.6m to €1.7m
of which Trade receivables: -€4.9m
Equity and liabilities
- Advances received +€1.1m
up €1.1m (+69.3%), from €1.6m to €2.8m
- Profit (loss) carried forward +€1.0m
up €1.0m (+47.6%), from €2.1m to €3.1m
- Trade debts +€605,944
up €605,944 (+35.2%), from €1.7m to €2.3m
- Short-term financial debts -€410,613
down €410,613 (-8.3%), from €5.0m to €4.6m
- Tax, wage and social debts +€214,713
up €214,713 (+55.5%), from €386,627 to €601,340
of which Taxes: +€225,438
Income statement
- Turnover -€10.9m
down €10.9m (-36.5%), from €29.9m to €19.0m
- Goods and materials +€1.8m
up €1.8m (+7.1%), from €24.6m to €26.3m
of which Change in stocks: decrease (increase): +€2.6m
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.
Result 2024
€705,206
Turnover
-€10.9m
Other operating income
+€19,991
Goods and materials
-€1.8m
Services and other goods
+€168,926
Staff costs
-€103,203
Depreciation
-€7,629
Other operating charges
-€23,363
Other operating items
+€13.0m
Financial income
-€16,220
Financial charges
-€33,881
Taxes
-€105,271
Result 2025
€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€465,610
Investment
-€76,766
Financing
-€483,028
Cash 2024
€164,491
From operations (derived)
+€465,610
Net result for the year
+€1.0m
Depreciation
+€116,469
Stocks and contracts
-€7.6m
Receivables within one year
+€4.9m
Smaller working-capital items
+€11,337
Trade debts
+€605,944
Tax, wage and social debts
+€214,713
Advances received
+€1.1m
Other debts
+€142,405
Investment (derived)
-€76,766
Investment in fixed assets (net)
-€76,766
Financing
-€483,028
Debts after one year
-€56,664
Current portion of long-term debt
-€15,751
Short-term financial debts
-€410,613
Contributions, distributions and other
-€0
Cash 2025
€70,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,823,633 | €20,447,410 | +€2.6m | +14.7% |
| Fixed assets | 21/28 | €488,131 | €448,428 | -€39,703 | -8.1% |
| Intangible fixed assets | 21 | €89,810 | €64,196 | -€25,614 | -28.5% |
| Tangible fixed assets | 22/27 | €312,411 | €245,528 | -€66,883 | -21.4% |
| Plant, machinery and equipment | 23 | €63,365 | €62,868 | -€497 | -0.8% |
| Furniture and vehicles | 24 | €248,777 | €182,660 | -€66,117 | -26.6% |
| Other tangible fixed assets | 26 | €269 | - | -€269 | |
| Financial fixed assets | 28 | €85,910 | €138,703 | +€52,793 | +61.5% |
| Other financial fixed assets | 284/8 | €85,910 | €138,703 | +€52,793 | +61.5% |
| Amounts receivable and cash guarantees | 285/8 | €85,910 | €138,703 | +€52,793 | +61.5% |
| Current assets | 29/58 | €17,335,502 | €19,998,983 | +€2.7m | +15.4% |
| Stocks and contracts in progress | 3 | €10,392,862 | €18,024,428 | +€7.6m | +73.4% |
| Stocks | 30/36 | €10,392,862 | €10,593,702 | +€200,840 | +1.9% |
| Property held for sale | 35 | €10,292,862 | €10,523,702 | +€230,840 | +2.2% |
| Advance payments | 36 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Contracts in progress | 37 | - | €7,430,726 | +€7.4m | |
| Amounts receivable within one year | 40/41 | €6,551,896 | €1,683,626 | -€4.9m | -74.3% |
| Trade receivables | 40 | €6,551,896 | €1,651,664 | -€4.9m | -74.8% |
| Other amounts receivable | 41 | - | €31,962 | +€31,962 | |
| Cash at bank and in hand | 54/58 | €164,491 | €70,308 | -€94,183 | -57.3% |
| Deferred charges and accrued income | 490/1 | €226,253 | €220,621 | -€5,632 | -2.5% |
| Total equity and liabilities | 10/49 | €17,823,633 | €20,447,410 | +€2.6m | +14.7% |
| Equity | 10/15 | €2,126,674 | €3,129,110 | +€1.0m | +47.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,106,214 | €3,108,650 | +€1.0m | +47.6% |
| Amounts payable | 17/49 | €15,696,959 | €17,318,301 | +€1.6m | +10.3% |
| Amounts payable after more than one year | 17 | €1,372,242 | €1,315,578 | -€56,664 | -4.1% |
| Financial debts | 170/4 | €1,372,242 | €1,315,578 | -€56,664 | -4.1% |
| Credit institutions | 173 | €172,242 | €115,578 | -€56,664 | -32.9% |
| Other loans | 174 | €1,200,000 | €1,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,318,402 | €15,990,701 | +€1.7m | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €72,415 | €56,664 | -€15,751 | -21.8% |
| Financial debts | 43 | €4,961,194 | €4,550,581 | -€410,613 | -8.3% |
| Credit institutions | 430/8 | €4,961,194 | €4,550,581 | -€410,613 | -8.3% |
| Trade debts | 44 | €1,720,861 | €2,326,805 | +€605,944 | +35.2% |
| Suppliers | 440/4 | €1,720,861 | €2,326,805 | +€605,944 | +35.2% |
| Advances received on contracts in progress | 46 | €1,639,750 | €2,775,352 | +€1.1m | +69.3% |
| Taxes, remuneration and social security | 45 | €386,627 | €601,340 | +€214,713 | +55.5% |
| Taxes | 450/3 | €270,830 | €496,268 | +€225,438 | +83.2% |
| Remuneration and social security | 454/9 | €115,797 | €105,072 | -€10,725 | -9.3% |
| Other amounts payable | 47/48 | €5,537,555 | €5,679,960 | +€142,405 | +2.6% |
| Accrued charges and deferred income | 492/3 | €6,315 | €12,021 | +€5,706 | +90.4% |
| Operating income | 70/76A | €30,017,194 | €32,196,168 | +€2.2m | +7.3% |
| Turnover | 70 | €29,866,677 | €18,980,026 | -€10.9m | -36.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €13,000,752 | +€13.0m | |
| Other operating income | 74 | €148,517 | €168,508 | +€19,991 | +13.5% |
| Non-recurring operating income | 76A | €2,000 | €46,882 | +€44,882 | +2,244% |
| Operating charges | 60/66A | €28,689,236 | €30,415,607 | +€1.7m | +6.0% |
| Goods for resale, raw materials and consumables | 60 | €24,570,043 | €26,322,096 | +€1.8m | +7.1% |
| Purchases | 600/8 | €27,409,604 | €26,552,936 | -€856,668 | -3.1% |
| Change in stocks: decrease (increase) | 609 | -€2,839,561 | -€230,839 | +€2.6m | +91.9% |
| Services and other goods | 61 | €2,712,071 | €2,543,145 | -€168,926 | -6.2% |
| Remuneration, social security and pensions | 62 | €1,285,480 | €1,388,683 | +€103,203 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,840 | €116,469 | +€7,629 | +7.0% |
| Other operating charges | 640/8 | €12,802 | €36,165 | +€23,363 | +182% |
| Non-recurring operating charges | 66A | - | €9,048 | +€9,048 | |
| Operating profit (loss) | 9901 | €1,327,958 | €1,780,560 | +€452,602 | +34.1% |
| Financial income | 75/76B | €440,882 | €424,662 | -€16,220 | -3.7% |
| Recurring financial income | 75 | €440,882 | €424,662 | -€16,220 | -3.7% |
| Other financial income | 752/9 | €440,882 | €424,662 | -€16,220 | -3.7% |
| Financial charges | 65/66B | €798,197 | €832,078 | +€33,881 | +4.2% |
| Recurring financial charges | 65 | €798,197 | €832,078 | +€33,881 | +4.2% |
| Debt charges | 650 | €635,616 | €680,035 | +€44,419 | +7.0% |
| Other financial charges | 652/9 | €162,581 | €152,043 | -€10,538 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €970,643 | €1,373,144 | +€402,501 | +41.5% |
| Income taxes | 67/77 | €265,437 | €370,708 | +€105,271 | +39.7% |
| Taxes | 670/3 | €265,437 | €371,146 | +€105,709 | +39.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €437 | +€437 | |
| Profit (loss) for the period | 9904 | €705,206 | €1,002,436 | +€297,230 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €705,206 | €1,002,436 | +€297,230 | +42.1% |
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 16 October 2026 via checked.be.