PYM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€62,306
up €62,306 (+19.6%), from €317,700 to €380,005
of which Land and buildings: +€60,203
- Cash -€35,313
down €35,313 (-78.6%), from €44,939 to €9,626
mainly Investment in fixed assets (net) (-€79,406) and Other debts (-€24,381)
- Receivables within one year +€10,052
up €10,052 (+46.8%), from €21,461 to €31,513
of which Trade receivables: +€9,607
- Debts after one year +€37,144
up €37,144 (+14.5%), from €255,345 to €292,489
- Other debts -€24,381
down €24,381 (-24.4%), from €100,080 to €75,699
- Profit (loss) carried forward +€18,535
up €18,535 (+676.6%), from €2,739 to €21,275
- Gross operating margin +€36,809
up €36,809 (+193.7%), from €19,000 to €55,808
- Depreciation +€9,523
up €9,523 (+125.7%), from €7,577 to €17,101
- Financial charges +€6,191
up €6,191 (+110.8%), from €5,589 to €11,780
- Taxes +€5,403
up €5,403 (+595.4%), from €908 to €6,311
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 | €385,195 | €424,577 | +€39,383 | +10.2% |
| Fixed assets | 21/28 | €318,400 | €380,705 | +€62,306 | +19.6% |
| Tangible fixed assets | 22/27 | €317,700 | €380,005 | +€62,306 | +19.6% |
| Land and buildings | 22 | €301,482 | €361,684 | +€60,203 | +20.0% |
| Plant, machinery and equipment | 23 | €2,334 | €5,138 | +€2,804 | +120.1% |
| Furniture and vehicles | 24 | €13,885 | €13,184 | -€701 | -5.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €66,795 | €43,872 | -€22,923 | -34.3% |
| Amounts receivable within one year | 40/41 | €21,461 | €31,513 | +€10,052 | +46.8% |
| Trade receivables | 40 | €21,461 | €31,068 | +€9,607 | +44.8% |
| Other amounts receivable | 41 | - | €445 | +€445 | |
| Cash at bank and in hand | 54/58 | €44,939 | €9,626 | -€35,313 | -78.6% |
| Deferred charges and accrued income | 490/1 | €395 | €2,734 | +€2,338 | +591.7% |
| Total equity and liabilities | 10/49 | €385,195 | €424,577 | +€39,383 | +10.2% |
| Equity | 10/15 | €5,739 | €24,275 | +€18,535 | +323.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,739 | €21,275 | +€18,535 | +676.6% |
| Amounts payable | 17/49 | €379,455 | €400,303 | +€20,847 | +5.5% |
| Amounts payable after more than one year | 17 | €255,345 | €292,489 | +€37,144 | +14.5% |
| Financial debts | 170/4 | €255,345 | €292,489 | +€37,144 | +14.5% |
| Amounts payable within one year | 42/48 | €124,100 | €107,814 | -€16,286 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €9,165 | €11,286 | +€2,122 | +23.1% |
| Trade debts | 44 | €6,004 | €9,351 | +€3,347 | +55.7% |
| Suppliers | 440/4 | €6,004 | €9,351 | +€3,347 | +55.7% |
| Taxes, remuneration and social security | 45 | €8,851 | €11,478 | +€2,627 | +29.7% |
| Taxes | 450/3 | €7,851 | €11,478 | +€3,627 | +46.2% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €100,080 | €75,699 | -€24,381 | -24.4% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,577 | €17,101 | +€9,523 | +125.7% |
| Other operating charges | 640/8 | €2,186 | €1,960 | -€227 | -10.4% |
| Non-recurring operating charges | 66A | - | €121 | +€121 | |
| Gross operating margin | 9900 | €19,000 | €55,808 | +€36,809 | +193.7% |
| Operating profit (loss) | 9901 | €9,236 | €36,627 | +€27,391 | +296.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,589 | €11,780 | +€6,191 | +110.8% |
| Recurring financial charges | 65 | €5,589 | €11,780 | +€6,191 | +110.8% |
| Profit (loss) for the period before taxes | 9903 | €3,647 | €24,846 | +€21,199 | +581.3% |
| Income taxes | 67/77 | €908 | €6,311 | +€5,403 | +595.4% |
| Profit (loss) for the period | 9904 | €2,739 | €18,535 | +€15,796 | +576.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,739 | €18,535 | +€15,796 | +576.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.