PYPE PRODUCTS: what changed
PYPE PRODUCTS
Largest movements
- Stocks and contracts +€16,628
up €16,628 (+14.7%), from €113,452 to €130,080
- Receivables within one year +€9,305
up €9,305 (+5.1%), from €183,794 to €193,100
of which Other amounts receivable: +€34,446
- Tangible fixed assets -€6,867
down €6,867 (-57.4%), from €11,963 to €5,096
of which Furniture and vehicles: -€6,699
- Short-term financial debts +€27,245
up €27,245 (+252%), from €10,796 to €38,042
- Trade debts -€5,229
down €5,229 (-5.1%), from €103,486 to €98,257
- Reserves +€5,003
up €5,003 (+3.2%), from €154,682 to €159,685
- Tax, wage and social debts -€3,529
down €3,529 (-11.0%), from €31,941 to €28,412
of which Taxes: -€7,908
- Staff costs +€54,824
up €54,824 (+58.8%), from €93,290 to €148,114
- Gross operating margin +€28,207
up €28,207 (+19.5%), from €144,360 to €172,568
- Taxes -€6,136
down €6,136 (-46.4%), from €13,231 to €7,095
- Depreciation -€3,028
down €3,028 (-30.0%), from €10,084 to €7,055
- Financial income -€2,300
down €2,300 (-28.1%), from €8,189 to €5,889
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,292 | €336,795 | +€20,504 | +6.5% |
| Fixed assets | 21/28 | €12,252 | €5,196 | -€7,055 | -57.6% |
| Intangible fixed assets | 21 | €189 | €0 | -€189 | -100% |
| Tangible fixed assets | 22/27 | €11,963 | €5,096 | -€6,867 | -57.4% |
| Plant, machinery and equipment | 23 | €168 | €0 | -€168 | -100% |
| Furniture and vehicles | 24 | €11,795 | €5,096 | -€6,699 | -56.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €304,040 | €331,599 | +€27,559 | +9.1% |
| Stocks and contracts in progress | 3 | €113,452 | €130,080 | +€16,628 | +14.7% |
| Stocks | 30/36 | €113,452 | €130,080 | +€16,628 | +14.7% |
| Amounts receivable within one year | 40/41 | €183,794 | €193,100 | +€9,305 | +5.1% |
| Trade receivables | 40 | €115,504 | €90,363 | -€25,141 | -21.8% |
| Other amounts receivable | 41 | €68,291 | €102,737 | +€34,446 | +50.4% |
| Cash at bank and in hand | 54/58 | €3,387 | €2,907 | -€481 | -14.2% |
| Deferred charges and accrued income | 490/1 | €3,406 | €5,512 | +€2,106 | +61.8% |
| Total equity and liabilities | 10/49 | €316,292 | €336,795 | +€20,504 | +6.5% |
| Equity | 10/15 | €167,082 | €172,085 | +€5,003 | +3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,682 | €159,685 | +€5,003 | +3.2% |
| Distributable reserves | 133 | €154,682 | €159,685 | +€5,003 | +3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,210 | €164,710 | +€15,500 | +10.4% |
| Amounts payable within one year | 42/48 | €149,210 | €164,710 | +€15,500 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €10,796 | €38,042 | +€27,245 | +252% |
| Credit institutions | 430/8 | €10,796 | €38,042 | +€27,245 | +252% |
| Trade debts | 44 | €103,486 | €98,257 | -€5,229 | -5.1% |
| Suppliers | 440/4 | €103,486 | €98,257 | -€5,229 | -5.1% |
| Taxes, remuneration and social security | 45 | €31,941 | €28,412 | -€3,529 | -11.0% |
| Taxes | 450/3 | €20,906 | €12,998 | -€7,908 | -37.8% |
| Remuneration and social security | 454/9 | €11,035 | €15,414 | +€4,379 | +39.7% |
| Other amounts payable | 47/48 | €2,986 | €0 | -€2,986 | -100% |
| Remuneration, social security and pensions | 62 | €93,290 | €148,114 | +€54,824 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,084 | €7,055 | -€3,028 | -30.0% |
| Other operating charges | 640/8 | €4,220 | €6,191 | +€1,971 | +46.7% |
| Gross operating margin | 9900 | €144,360 | €172,568 | +€28,207 | +19.5% |
| Operating profit (loss) | 9901 | €36,766 | €11,207 | -€25,560 | -69.5% |
| Financial income | 75/76B | €8,189 | €5,889 | -€2,300 | -28.1% |
| Recurring financial income | 75 | €8,189 | €5,889 | -€2,300 | -28.1% |
| Financial charges | 65/66B | €5,480 | €4,997 | -€482 | -8.8% |
| Recurring financial charges | 65 | €5,480 | €4,997 | -€482 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €39,476 | €12,098 | -€27,377 | -69.4% |
| Income taxes | 67/77 | €13,231 | €7,095 | -€6,136 | -46.4% |
| Profit (loss) for the period | 9904 | €26,245 | €5,003 | -€21,241 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,245 | €5,003 | -€21,241 | -80.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.