Pype & Terryn: 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 & Terryn
Largest movements
- Receivables within one year +€17,366
up €17,366 (+16.4%), from €105,911 to €123,276
of which Other amounts receivable: +€22,980
- Cash -€14,090
down €14,090 (-49.4%), from €28,528 to €14,438
mainly Receivables within one year (-€17,366) and Trade debts (-€4,227)
- Reserves +€5,477
up €5,477 (+5.5%), from €100,459 to €105,936
of which Distributable reserves: +€5,477
- Trade debts -€4,227
down €4,227 (-78.0%), from €5,422 to €1,195
- Gross operating margin +€18,877
up €18,877, from -€14,420 to €4,457
- Financial income +€3,109
up €3,109 (+182%), from €1,705 to €4,814
- Write-downs +€1,238
up €1,238, from -€1,238 to €0
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.
Derived cash bridge
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 | €135,881 | €138,208 | +€2,327 | +1.7% |
| Fixed assets | 21/28 | €1,442 | €493 | -€949 | -65.8% |
| Tangible fixed assets | 22/27 | €1,442 | €493 | -€949 | -65.8% |
| Land and buildings | 22 | €948 | €399 | -€549 | -57.9% |
| Plant, machinery and equipment | 23 | €494 | €94 | -€400 | -80.9% |
| Current assets | 29/58 | €134,439 | €137,714 | +€3,276 | +2.4% |
| Amounts receivable within one year | 40/41 | €105,911 | €123,276 | +€17,366 | +16.4% |
| Trade receivables | 40 | €40,314 | €34,700 | -€5,614 | -13.9% |
| Other amounts receivable | 41 | €65,597 | €88,577 | +€22,980 | +35.0% |
| Cash at bank and in hand | 54/58 | €28,528 | €14,438 | -€14,090 | -49.4% |
| Total equity and liabilities | 10/49 | €135,881 | €138,208 | +€2,327 | +1.7% |
| Equity | 10/15 | €130,459 | €135,936 | +€5,477 | +4.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €100,459 | €105,936 | +€5,477 | +5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100,459 | €105,936 | +€5,477 | +5.5% |
| Amounts payable | 17/49 | €5,422 | €2,272 | -€3,150 | -58.1% |
| Amounts payable within one year | 42/48 | €5,422 | €2,208 | -€3,214 | -59.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,422 | €1,195 | -€4,227 | -78.0% |
| Suppliers | 440/4 | €5,422 | €1,195 | -€4,227 | -78.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,013 | +€1,013 | |
| Taxes | 450/3 | €0 | €1,013 | +€1,013 | |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €949 | €949 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,238 | €0 | +€1,238 | |
| Other operating charges | 640/8 | €853 | €929 | +€76 | +8.9% |
| Non-recurring operating charges | 66A | €0 | €1,842 | +€1,842 | |
| Gross operating margin | 9900 | -€14,420 | €4,457 | +€18,877 | |
| Operating profit (loss) | 9901 | -€14,983 | €738 | +€15,722 | |
| Financial income | 75/76B | €1,705 | €4,814 | +€3,109 | +182% |
| Recurring financial income | 75 | €1,705 | €4,814 | +€3,109 | +182% |
| Financial charges | 65/66B | €57 | €45 | -€12 | -21.9% |
| Recurring financial charges | 65 | €57 | €45 | -€12 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,335 | €5,508 | +€18,843 | |
| Income taxes | 67/77 | €0 | €31 | +€31 | |
| Profit (loss) for the period | 9904 | -€13,335 | €5,477 | +€18,812 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,335 | €5,477 | +€18,812 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.