PYPE: 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.
PYPE
Largest movements
- Receivables within one year -€133,301
down €133,301 (-53.0%), from €251,573 to €118,272
of which Trade receivables: -€137,584
- Cash +€50,911
up €50,911 (+26.4%), from €192,915 to €243,826
mainly Receivables within one year (+€133,301) and Depreciation (+€12,164)
- Stocks and contracts +€22,418
up €22,418 (+19.6%), from €114,096 to €136,514
- Tangible fixed assets -€12,164
down €12,164 (-7.3%), from €165,687 to €153,523
of which Land and buildings: -€9,541
- Trade debts -€41,132
down €41,132 (-41.1%), from €100,059 to €58,927
- Tax, wage and social debts -€19,634
down €19,634 (-78.8%), from €24,926 to €5,292
of which Taxes: -€18,784
- Debts after one year -€10,034
down €10,034 (-19.3%), from €51,960 to €41,925
- Other debts -€9,540
down €9,540 (-4.9%), from €192,934 to €183,394
- Reserves +€7,500
up €7,500 (+2.6%), from €290,224 to €297,724
- Gross operating margin -€15,306
down €15,306 (-18.7%), from €81,836 to €66,530
- Write-downs +€15,102
up €15,102 (+95.1%), from -€15,881 to -€778
- Taxes -€7,182
down €7,182 (-57.8%), from €12,416 to €5,234
- Financial income +€3,939
up €3,939 (+64.6%), from €6,101 to €10,040
- Financial charges +€1,199
up €1,199 (+8.1%), from €14,777 to €15,976
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 | €728,293 | €656,156 | -€72,137 | -9.9% |
| Fixed assets | 21/28 | €165,687 | €153,523 | -€12,164 | -7.3% |
| Tangible fixed assets | 22/27 | €165,687 | €153,523 | -€12,164 | -7.3% |
| Land and buildings | 22 | €155,215 | €145,674 | -€9,541 | -6.1% |
| Plant, machinery and equipment | 23 | €10,471 | €7,848 | -€2,623 | -25.1% |
| Current assets | 29/58 | €562,606 | €502,634 | -€59,972 | -10.7% |
| Stocks and contracts in progress | 3 | €114,096 | €136,514 | +€22,418 | +19.6% |
| Stocks | 30/36 | €114,096 | €136,514 | +€22,418 | +19.6% |
| Amounts receivable within one year | 40/41 | €251,573 | €118,272 | -€133,301 | -53.0% |
| Trade receivables | 40 | €248,466 | €110,882 | -€137,584 | -55.4% |
| Other amounts receivable | 41 | €3,107 | €7,390 | +€4,282 | +137.8% |
| Cash at bank and in hand | 54/58 | €192,915 | €243,826 | +€50,911 | +26.4% |
| Deferred charges and accrued income | 490/1 | €4,021 | €4,021 | = | 0.0% |
| Total equity and liabilities | 10/49 | €728,293 | €656,156 | -€72,137 | -9.9% |
| Equity | 10/15 | €339,269 | €347,175 | +€7,906 | +2.3% |
| Contributions | 10/11 | €47,242 | €47,242 | = | 0.0% |
| Reserves | 13 | €290,224 | €297,724 | +€7,500 | +2.6% |
| Distributable reserves | 133 | €290,224 | €297,724 | +€7,500 | +2.6% |
| Profit (loss) carried forward | 14 | €1,803 | €2,209 | +€406 | +22.5% |
| Amounts payable | 17/49 | €389,024 | €308,981 | -€80,043 | -20.6% |
| Amounts payable after more than one year | 17 | €51,960 | €41,925 | -€10,034 | -19.3% |
| Financial debts | 170/4 | €51,960 | €41,925 | -€10,034 | -19.3% |
| Amounts payable within one year | 42/48 | €327,864 | €257,647 | -€70,216 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €9,944 | €10,034 | +€90 | +0.9% |
| Trade debts | 44 | €100,059 | €58,927 | -€41,132 | -41.1% |
| Suppliers | 440/4 | €100,059 | €58,927 | -€41,132 | -41.1% |
| Taxes, remuneration and social security | 45 | €24,926 | €5,292 | -€19,634 | -78.8% |
| Taxes | 450/3 | €18,959 | €175 | -€18,784 | -99.1% |
| Remuneration and social security | 454/9 | €5,967 | €5,117 | -€851 | -14.3% |
| Other amounts payable | 47/48 | €192,934 | €183,394 | -€9,540 | -4.9% |
| Accrued charges and deferred income | 492/3 | €9,201 | €9,408 | +€208 | +2.3% |
| Remuneration, social security and pensions | 62 | €34,445 | €33,989 | -€456 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,164 | €12,164 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,881 | -€778 | +€15,102 | +95.1% |
| Other operating charges | 640/8 | €2,009 | €2,078 | +€69 | +3.4% |
| Gross operating margin | 9900 | €81,836 | €66,530 | -€15,306 | -18.7% |
| Operating profit (loss) | 9901 | €49,099 | €19,077 | -€30,021 | -61.1% |
| Financial income | 75/76B | €6,101 | €10,040 | +€3,939 | +64.6% |
| Recurring financial income | 75 | €6,101 | €10,040 | +€3,939 | +64.6% |
| Financial charges | 65/66B | €14,777 | €15,976 | +€1,199 | +8.1% |
| Recurring financial charges | 65 | €14,777 | €15,976 | +€1,199 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €40,422 | €13,140 | -€27,282 | -67.5% |
| Income taxes | 67/77 | €12,416 | €5,234 | -€7,182 | -57.8% |
| Profit (loss) for the period | 9904 | €28,007 | €7,906 | -€20,100 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,007 | €7,906 | -€20,100 | -71.8% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.