PYM: 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.
PYM
Largest movements
- Receivables within one year +€313,319
up €313,319 (+533.6%), from €58,716 to €372,035
of which Other amounts receivable: +€207,048
- Current investments -€243,667
down €243,667 (-97.0%), from €251,198 to €7,531
- Cash -€62,881
down €62,881 (-62.3%), from €100,872 to €37,991
mainly Receivables within one year (-€313,319) and Contributions, distributions and other (-€175,000)
- Stocks and contracts +€24,616
up €24,616 (+160.6%), from €15,325 to €39,941
- Profit (loss) carried forward -€271,694
down €271,694 (-99.1%), from €274,043 to €2,350
- Other debts +€175,000
new in 2025: €175,000
- Trade debts +€130,351
up €130,351 (+534.2%), from €24,402 to €154,752
- Gross operating margin -€141,301
down €141,301 (-52.5%), from €268,942 to €127,641
- Staff costs -€21,340
down €21,340 (-8.8%), from €242,211 to €220,872
- Taxes -€5,614
down €5,614 (-90.0%), from €6,234 to €621
- Depreciation -€4,318
down €4,318 (-82.4%), from €5,241 to €924
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 | €431,240 | €461,374 | +€30,134 | +7.0% |
| Fixed assets | 21/28 | €1,764 | €840 | -€924 | -52.4% |
| Tangible fixed assets | 22/27 | €1,764 | €840 | -€924 | -52.4% |
| Plant, machinery and equipment | 23 | €1,764 | €840 | -€924 | -52.4% |
| Current assets | 29/58 | €429,476 | €460,534 | +€31,058 | +7.2% |
| Stocks and contracts in progress | 3 | €15,325 | €39,941 | +€24,616 | +160.6% |
| Contracts in progress | 37 | €15,325 | €39,941 | +€24,616 | +160.6% |
| Amounts receivable within one year | 40/41 | €58,716 | €372,035 | +€313,319 | +533.6% |
| Trade receivables | 40 | €58,716 | €164,987 | +€106,271 | +181.0% |
| Other amounts receivable | 41 | - | €207,048 | +€207,048 | |
| Current investments | 50/53 | €251,198 | €7,531 | -€243,667 | -97.0% |
| Cash at bank and in hand | 54/58 | €100,872 | €37,991 | -€62,881 | -62.3% |
| Deferred charges and accrued income | 490/1 | €3,365 | €3,035 | -€329 | -9.8% |
| Total equity and liabilities | 10/49 | €431,240 | €461,374 | +€30,134 | +7.0% |
| Equity | 10/15 | €361,953 | €90,260 | -€271,694 | -75.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €67,450 | €67,450 | = | 0.0% |
| Distributable reserves | 133 | €67,450 | €67,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,043 | €2,350 | -€271,694 | -99.1% |
| Amounts payable | 17/49 | €69,286 | €371,114 | +€301,828 | +435.6% |
| Amounts payable within one year | 42/48 | €69,286 | €371,114 | +€301,828 | +435.6% |
| Trade debts | 44 | €24,402 | €154,752 | +€130,351 | +534.2% |
| Suppliers | 440/4 | €24,402 | €154,752 | +€130,351 | +534.2% |
| Taxes, remuneration and social security | 45 | €44,884 | €41,361 | -€3,523 | -7.8% |
| Taxes | 450/3 | €4,846 | €2,271 | -€2,575 | -53.1% |
| Remuneration and social security | 454/9 | €40,039 | €39,090 | -€948 | -2.4% |
| Other amounts payable | 47/48 | - | €175,000 | +€175,000 | |
| Non-recurring operating income | 76A | €10,523 | - | -€10,523 | |
| Remuneration, social security and pensions | 62 | €242,211 | €220,872 | -€21,340 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,241 | €924 | -€4,318 | -82.4% |
| Other operating charges | 640/8 | €1,567 | €651 | -€916 | -58.5% |
| Gross operating margin | 9900 | €268,942 | €127,641 | -€141,301 | -52.5% |
| Operating profit (loss) | 9901 | €19,922 | -€94,805 | -€114,727 | |
| Financial income | 75/76B | €1,664 | €226 | -€1,438 | -86.4% |
| Recurring financial income | 75 | €1,664 | €226 | -€1,438 | -86.4% |
| Financial charges | 65/66B | €286 | €1,494 | +€1,209 | +423.3% |
| Recurring financial charges | 65 | €286 | €1,494 | +€1,209 | +423.3% |
| Profit (loss) for the period before taxes | 9903 | €21,301 | -€96,073 | -€117,374 | |
| Income taxes | 67/77 | €6,234 | €621 | -€5,614 | -90.0% |
| Profit (loss) for the period | 9904 | €15,067 | -€96,694 | -€111,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,067 | -€96,694 | -€111,760 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.