Pyramid Estate: what changed
Pyramid Estate
Largest movements
- Tangible fixed assets +€29,675
up €29,675 (+13.6%), from €218,651 to €248,325
- Receivables within one year -€15,435
down €15,435 (-67.2%), from €22,973 to €7,538
of which Other amounts receivable: -€15,349
- Cash -€12,843
down €12,843 (-23.4%), from €54,941 to €42,098
mainly Other debts (-€47,000) and Investment in fixed assets (net) (-€41,783)
- Profit (loss) carried forward +€59,204
up €59,204 (+39.3%), from €150,822 to €210,026
- Other debts -€47,000
down €47,000 (-94.0%), from €50,000 to €3,000
- Debts after one year -€36,138
down €36,138 (-15.3%), from €236,714 to €200,576
- Trade debts +€20,615
up €20,615 (+10,498%), from €196 to €20,812
- Gross operating margin +€32,602
up €32,602 (+43.4%), from €75,178 to €107,780
- Financial income +€29,591
up €29,591 (+3,268%), from €905 to €30,496
- Taxes +€6,764
up €6,764 (+64.5%), from €10,482 to €17,247
- Depreciation +€2,148
up €2,148 (+20.4%), from €10,553 to €12,701
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 | €500,686 | €500,491 | -€196 | 0.0% |
| Formation expenses | 20 | €603 | €11 | -€592 | -98.2% |
| Fixed assets | 21/28 | €420,651 | €450,325 | +€29,675 | +7.1% |
| Tangible fixed assets | 22/27 | €218,651 | €248,325 | +€29,675 | +13.6% |
| Land and buildings | 22 | €218,651 | €248,325 | +€29,675 | +13.6% |
| Financial fixed assets | 28 | €202,000 | €202,000 | = | 0.0% |
| Current assets | 29/58 | €79,432 | €50,154 | -€29,278 | -36.9% |
| Amounts receivable within one year | 40/41 | €22,973 | €7,538 | -€15,435 | -67.2% |
| Trade receivables | 40 | €1,626 | €1,539 | -€87 | -5.3% |
| Other amounts receivable | 41 | €21,347 | €5,999 | -€15,349 | -71.9% |
| Cash at bank and in hand | 54/58 | €54,941 | €42,098 | -€12,843 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,518 | €519 | -€1,000 | -65.8% |
| Total equity and liabilities | 10/49 | €500,686 | €500,491 | -€196 | 0.0% |
| Equity | 10/15 | €173,322 | €232,526 | +€59,204 | +34.2% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,822 | €210,026 | +€59,204 | +39.3% |
| Amounts payable | 17/49 | €327,364 | €267,965 | -€59,399 | -18.1% |
| Amounts payable after more than one year | 17 | €236,714 | €200,576 | -€36,138 | -15.3% |
| Financial debts | 170/4 | €236,714 | €200,576 | -€36,138 | -15.3% |
| Amounts payable within one year | 42/48 | €90,650 | €67,354 | -€23,296 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €34,849 | €36,138 | +€1,289 | +3.7% |
| Trade debts | 44 | €196 | €20,812 | +€20,615 | +10,498% |
| Suppliers | 440/4 | €196 | €20,812 | +€20,615 | +10,498% |
| Taxes, remuneration and social security | 45 | €5,605 | €7,404 | +€1,799 | +32.1% |
| Taxes | 450/3 | €5,605 | €7,404 | +€1,799 | +32.1% |
| Other amounts payable | 47/48 | €50,000 | €3,000 | -€47,000 | -94.0% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,553 | €12,701 | +€2,148 | +20.4% |
| Other operating charges | 640/8 | €5,995 | €5,896 | -€99 | -1.7% |
| Gross operating margin | 9900 | €75,178 | €107,780 | +€32,602 | +43.4% |
| Operating profit (loss) | 9901 | €58,629 | €89,183 | +€30,554 | +52.1% |
| Financial income | 75/76B | €905 | €30,496 | +€29,591 | +3,268% |
| Recurring financial income | 75 | €905 | €30,496 | +€29,591 | +3,268% |
| Financial charges | 65/66B | €10,997 | €10,229 | -€768 | -7.0% |
| Recurring financial charges | 65 | €10,997 | €10,229 | -€768 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €48,538 | €109,450 | +€60,912 | +125% |
| Income taxes | 67/77 | €10,482 | €17,247 | +€6,764 | +64.5% |
| Profit (loss) for the period | 9904 | €38,056 | €92,204 | +€54,148 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €38,056 | €92,204 | +€54,148 | +142% |
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 5 November 2026 via checked.be.