Pyramid: 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.
What changed
Pyramid
NACE 62.100, Computer programming
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€2.3m
2023 · -€2.5m+€237,009
Equity
€20.2m
2023 · €22.5m-€2.3m
Cash
€2.9m
2023 · €94,209+€2.9m
Balance sheet total
€88.2m
2023 · €72.2m+€16.0m
Largest movements
Assets
- Financial fixed assets +€13.8m
up €13.8m (+19.5%), from €70.7m to €84.5m
- Cash +€2.9m
up €2.9m (+3026.4%), from €94,209 to €2.9m
mainly Debts after one year (+€17.4m) and Receivables within one year (+€595,851)
Equity and liabilities
- Debts after one year +€17.4m
up €17.4m (+37.8%), from €46.0m to €63.5m
- Profit (loss) carried forward -€1.2m
no longer reported in 2024 (was €1.2m)
- Reserves -€1.1m
down €1.1m (-16.2%), from €6.6m to €5.5m
of which Distributable reserves: -€1.1m
Income statement
- Financial charges -€784,345
down €784,345 (-16.2%), from €4.8m to €4.1m
of which Non-recurring financial charges: -€1.7m
- Services and other goods +€464,781
up €464,781 (+10.0%), from €4.6m to €5.1m
- Financial income -€160,284
down €160,284 (-20.5%), from €781,249 to €620,965
From the 2023 result to the 2024 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.
Result 2023
-€2.5m
Turnover
+€38,075
Other operating income
-€11,334
Goods and materials
+€69
Services and other goods
-€464,781
Staff costs
+€15,964
Depreciation
+€536
Other operating charges
+€224
Financial income
-€160,284
Financial charges
+€784,345
Taxes
+€34,195
Result 2024
-€2.3m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€786,038
Investment
-€13.8m
Financing
+€17.4m
Cash 2023
€94,209
From operations (derived)
-€786,038
Net result for the year
-€2.3m
Depreciation
+€4,668
Receivables within one year
+€595,851
Deferred charges and accrued income
-€3,268
Trade debts
+€497,917
Tax, wage and social debts
+€96,759
Accrued charges and deferred income
+€308,214
Investment (derived)
-€13.8m
Investment in fixed assets (net)
-€13.8m
Financing
+€17.4m
Debts after one year
+€17.4m
Cash 2024
€2.9m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,215,271 | €88,247,036 | +€16.0m | +22.2% |
| Fixed assets | 21/28 | €70,739,812 | €84,513,032 | +€13.8m | +19.5% |
| Tangible fixed assets | 22/27 | €7,795 | €7,238 | -€558 | -7.2% |
| Plant, machinery and equipment | 23 | €963 | €1,548 | +€584 | +60.7% |
| Furniture and vehicles | 24 | €6,832 | €5,690 | -€1,142 | -16.7% |
| Financial fixed assets | 28 | €70,732,017 | €84,505,794 | +€13.8m | +19.5% |
| Affiliated companies | 280/1 | €70,732,017 | €84,505,794 | +€13.8m | +19.5% |
| Participating interests | 280 | €66,621,659 | €76,529,361 | +€9.9m | +14.9% |
| Amounts receivable | 281 | €4,110,358 | €7,976,433 | +€3.9m | +94.1% |
| Current assets | 29/58 | €1,475,459 | €3,734,004 | +€2.3m | +153.1% |
| Amounts receivable within one year | 40/41 | €995,877 | €400,026 | -€595,851 | -59.8% |
| Trade receivables | 40 | €967,679 | €339,351 | -€628,328 | -64.9% |
| Other amounts receivable | 41 | €28,198 | €60,675 | +€32,477 | +115.2% |
| Cash at bank and in hand | 54/58 | €94,209 | €2,945,338 | +€2.9m | +3026.4% |
| Deferred charges and accrued income | 490/1 | €385,373 | €388,641 | +€3,268 | +0.8% |
| Total equity and liabilities | 10/49 | €72,215,271 | €88,247,036 | +€16.0m | +22.2% |
| Equity | 10/15 | €22,503,922 | €20,217,741 | -€2.3m | -10.2% |
| Contributions | 10/11 | €14,677,600 | €14,677,600 | = | 0.0% |
| Capital | 10 | €14,677,600 | €14,677,600 | = | 0.0% |
| Issued capital | 100 | €14,677,600 | €14,677,600 | = | 0.0% |
| Reserves | 13 | €6,614,253 | €5,540,141 | -€1.1m | -16.2% |
| Non-distributable reserves | 130/1 | €1,467,760 | €1,467,760 | = | 0.0% |
| Legal reserve | 130 | €1,467,760 | €1,467,760 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €5,108,993 | €4,034,881 | -€1.1m | -21.0% |
| Profit (loss) carried forward | 14 | €1,212,069 | - | -€1.2m | |
| Amounts payable | 17/49 | €49,711,349 | €68,029,295 | +€18.3m | +36.8% |
| Amounts payable after more than one year | 17 | €46,038,742 | €63,453,797 | +€17.4m | +37.8% |
| Financial debts | 170/4 | €46,038,742 | €63,453,797 | +€17.4m | +37.8% |
| Credit institutions | 173 | €7,598,647 | €16,868,797 | +€9.3m | +122.0% |
| Other loans | 174 | €38,440,094 | €46,585,000 | +€8.1m | +21.2% |
| Amounts payable within one year | 42/48 | €1,526,954 | €2,121,631 | +€594,677 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €211,922 | €211,922 | = | 0.0% |
| Trade debts | 44 | €921,347 | €1,419,264 | +€497,917 | +54.0% |
| Suppliers | 440/4 | €921,347 | €1,419,264 | +€497,917 | +54.0% |
| Taxes, remuneration and social security | 45 | €393,686 | €490,445 | +€96,759 | +24.6% |
| Taxes | 450/3 | €238,572 | €341,107 | +€102,535 | +43.0% |
| Remuneration and social security | 454/9 | €155,113 | €149,338 | -€5,775 | -3.7% |
| Accrued charges and deferred income | 492/3 | €2,145,653 | €2,453,867 | +€308,214 | +14.4% |
| Operating income | 70/76A | €7,051,845 | €7,078,586 | +€26,741 | +0.4% |
| Turnover | 70 | €7,002,589 | €7,040,663 | +€38,075 | +0.5% |
| Other operating income | 74 | €49,256 | €37,923 | -€11,334 | -23.0% |
| Operating charges | 60/66A | €5,476,943 | €5,924,932 | +€447,988 | +8.2% |
| Goods for resale, raw materials and consumables | 60 | €82 | €13 | -€69 | -84.2% |
| Purchases | 600/8 | €82 | €13 | -€69 | -84.2% |
| Services and other goods | 61 | €4,640,663 | €5,105,445 | +€464,781 | +10.0% |
| Remuneration, social security and pensions | 62 | €827,740 | €811,776 | -€15,964 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,204 | €4,668 | -€536 | -10.3% |
| Other operating charges | 640/8 | €3,254 | €3,030 | -€224 | -6.9% |
| Operating profit (loss) | 9901 | €1,574,902 | €1,153,654 | -€421,247 | -26.7% |
| Financial income | 75/76B | €781,249 | €620,965 | -€160,284 | -20.5% |
| Recurring financial income | 75 | €781,249 | €620,965 | -€160,284 | -20.5% |
| Income from financial fixed assets | 750 | €685,923 | €620,965 | -€64,958 | -9.5% |
| Income from current assets | 751 | €9 | - | -€9 | |
| Other financial income | 752/9 | €95,317 | €0 | -€95,317 | -100.0% |
| Financial charges | 65/66B | €4,842,539 | €4,058,193 | -€784,345 | -16.2% |
| Recurring financial charges | 65 | €3,170,539 | €4,058,193 | +€887,655 | +28.0% |
| Debt charges | 650 | €3,088,958 | €4,055,901 | +€966,943 | +31.3% |
| Other financial charges | 652/9 | €81,581 | €2,292 | -€79,289 | -97.2% |
| Non-recurring financial charges | 66B | €1,672,000 | - | -€1.7m | |
| Profit (loss) for the period before taxes | 9903 | -€2,486,388 | -€2,283,574 | +€202,814 | +8.2% |
| Income taxes | 67/77 | €36,802 | €2,607 | -€34,195 | -92.9% |
| Taxes | 670/3 | €36,802 | €2,607 | -€34,195 | -92.9% |
| Profit (loss) for the period | 9904 | -€2,523,190 | -€2,286,181 | +€237,009 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,523,190 | -€2,286,181 | +€237,009 | +9.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.