PYN GROUP: 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.
PYN GROUP
Largest movements
- Receivables within one year +€12,638
up €12,638 (+26.9%), from €46,966 to €59,604
of which Other amounts receivable: +€39,481
- Intangible fixed assets +€2,489
new in 2025: €2,489
- Tangible fixed assets +€2,428
new in 2025: €2,428
- Tax, wage and social debts +€10,026
up €10,026 (+46.8%), from €21,434 to €31,460
- Reserves +€8,992
up €8,992 (+36.1%), from €24,930 to €33,922
- Other debts -€1,209
no longer reported in 2025 (was €1,209)
- Trade debts -€893
down €893 (-22.7%), from €3,939 to €3,046
- Gross operating margin -€40,149
down €40,149 (-75.1%), from €53,488 to €13,340
- Taxes -€8,817
down €8,817 (-68.6%), from €12,850 to €4,033
- Financial income +€2,089
new in 2025: €2,089
- Depreciation +€1,106
up €1,106 (+1617.6%), from €68 to €1,175
- Financial charges +€732
up €732 (+5389.3%), from €14 to €745
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 | €52,511 | €69,467 | +€16,956 | +32.3% |
| Formation expenses | 20 | €1,232 | €972 | -€260 | -21.1% |
| Fixed assets | 21/28 | - | €4,917 | +€4,917 | |
| Intangible fixed assets | 21 | - | €2,489 | +€2,489 | |
| Tangible fixed assets | 22/27 | - | €2,428 | +€2,428 | |
| Furniture and vehicles | 24 | - | €2,428 | +€2,428 | |
| Current assets | 29/58 | €51,280 | €63,578 | +€12,299 | +24.0% |
| Amounts receivable within one year | 40/41 | €46,966 | €59,604 | +€12,638 | +26.9% |
| Trade receivables | 40 | €46,966 | €20,124 | -€26,842 | -57.2% |
| Other amounts receivable | 41 | - | €39,481 | +€39,481 | |
| Cash at bank and in hand | 54/58 | €3,983 | €3,644 | -€339 | -8.5% |
| Deferred charges and accrued income | 490/1 | €330 | €330 | = | 0.0% |
| Total equity and liabilities | 10/49 | €52,511 | €69,467 | +€16,956 | +32.3% |
| Equity | 10/15 | €25,930 | €34,922 | +€8,991 | +34.7% |
| Contributions | 10/11 | €1,001 | €1,000 | -€1 | -0.1% |
| Reserves | 13 | €24,930 | €33,922 | +€8,992 | +36.1% |
| Distributable reserves | 133 | €24,930 | €33,922 | +€8,992 | +36.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,581 | €34,545 | +€7,964 | +30.0% |
| Amounts payable within one year | 42/48 | €26,581 | €34,505 | +€7,924 | +29.8% |
| Trade debts | 44 | €3,939 | €3,046 | -€893 | -22.7% |
| Suppliers | 440/4 | €3,939 | €3,046 | -€893 | -22.7% |
| Taxes, remuneration and social security | 45 | €21,434 | €31,460 | +€10,026 | +46.8% |
| Taxes | 450/3 | €21,434 | €31,460 | +€10,026 | +46.8% |
| Other amounts payable | 47/48 | €1,209 | - | -€1,209 | |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68 | €1,175 | +€1,106 | +1617.6% |
| Other operating charges | 640/8 | - | €175 | +€175 | |
| Non-recurring operating charges | 66A | - | €308 | +€308 | |
| Gross operating margin | 9900 | €53,488 | €13,340 | -€40,149 | -75.1% |
| Operating profit (loss) | 9901 | €53,420 | €11,681 | -€41,739 | -78.1% |
| Financial income | 75/76B | - | €2,089 | +€2,089 | |
| Recurring financial income | 75 | - | €2,089 | +€2,089 | |
| Financial charges | 65/66B | €14 | €745 | +€732 | +5389.3% |
| Recurring financial charges | 65 | €14 | €745 | +€732 | +5389.3% |
| Profit (loss) for the period before taxes | 9903 | €53,406 | €13,025 | -€40,382 | -75.6% |
| Income taxes | 67/77 | €12,850 | €4,033 | -€8,817 | -68.6% |
| Profit (loss) for the period | 9904 | €40,557 | €8,992 | -€31,565 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,557 | €8,992 | -€31,565 | -77.8% |
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 8 October 2026 via checked.be.