PYRAMIDAL: 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.
PYRAMIDAL
Largest movements
- Receivables within one year +€25,383
up €25,383 (+78.4%), from €32,394 to €57,777
of which Trade receivables: +€24,701
- Cash +€6,861
up €6,861 (+33.6%), from €20,443 to €27,304
mainly Accrued charges and deferred income (+€57,765) and Depreciation (+€11,455)
- Tangible fixed assets -€6,057
down €6,057 (-26.4%), from €22,950 to €16,893
of which Furniture and vehicles: -€6,057
- Intangible fixed assets -€5,398
down €5,398 (-100.0%), from €5,398 to €0
- Accrued charges and deferred income +€57,765
up €57,765, from €0 to €57,765
- Current portion of long-term debt -€15,166
down €15,166 (-100.0%), from €15,166 to €0
- Trade debts -€7,905
down €7,905 (-92.0%), from €8,592 to €687
- Profit (loss) carried forward -€7,157
down €7,157 (-12.4%), from -€57,535 to -€64,693
- Debts after one year -€5,355
down €5,355 (-14.4%), from €37,238 to €31,883
of which Financial debts: -€5,355
- Turnover -€26,101
down €26,101 (-18.0%), from €144,990 to €118,888
- Gross operating margin -€21,229
down €21,229 (-23.7%), from €89,744 to €68,515
- Staff costs -€18,166
down €18,166 (-22.3%), from €81,333 to €63,167
- Purchases and services +€9,204
up €9,204 (+14.8%), from €62,236 to €71,440
- Depreciation -€7,108
down €7,108 (-38.3%), from €18,562 to €11,455
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 | €81,364 | €102,154 | +€20,789 | +25.6% |
| Fixed assets | 21/28 | €28,528 | €17,073 | -€11,455 | -40.2% |
| Intangible fixed assets | 21 | €5,398 | €0 | -€5,398 | -100.0% |
| Tangible fixed assets | 22/27 | €22,950 | €16,893 | -€6,057 | -26.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €22,950 | €16,893 | -€6,057 | -26.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €52,837 | €85,081 | +€32,244 | +61.0% |
| Amounts receivable within one year | 40/41 | €32,394 | €57,777 | +€25,383 | +78.4% |
| Trade receivables | 40 | €31,948 | €56,649 | +€24,701 | +77.3% |
| Other amounts receivable | 41 | €445 | €1,127 | +€682 | +153.1% |
| Cash at bank and in hand | 54/58 | €20,443 | €27,304 | +€6,861 | +33.6% |
| Total equity and liabilities | 10/49 | €81,364 | €102,154 | +€20,789 | +25.6% |
| Equity | 10/15 | -€40,035 | -€47,193 | -€7,157 | -17.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €17,500 | €17,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,535 | -€64,693 | -€7,157 | -12.4% |
| Amounts payable | 17/49 | €121,400 | €149,346 | +€27,946 | +23.0% |
| Amounts payable after more than one year | 17 | €37,238 | €31,883 | -€5,355 | -14.4% |
| Financial debts | 170/4 | €25,355 | €20,000 | -€5,355 | -21.1% |
| Other amounts payable | 178/9 | €11,883 | €11,883 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,162 | €59,698 | -€24,464 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €15,166 | €0 | -€15,166 | -100.0% |
| Financial debts | 43 | €48,950 | €48,950 | = | 0.0% |
| Credit institutions | 430/8 | €48,950 | €48,950 | = | 0.0% |
| Trade debts | 44 | €8,592 | €687 | -€7,905 | -92.0% |
| Suppliers | 440/4 | €8,592 | €687 | -€7,905 | -92.0% |
| Taxes, remuneration and social security | 45 | €11,455 | €10,061 | -€1,393 | -12.2% |
| Taxes | 450/3 | €156 | €4,636 | +€4,480 | +2869.0% |
| Remuneration and social security | 454/9 | €11,298 | €5,425 | -€5,874 | -52.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | €57,765 | +€57,765 | |
| Turnover | 70 | €144,990 | €118,888 | -€26,101 | -18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,236 | €71,440 | +€9,204 | +14.8% |
| Remuneration, social security and pensions | 62 | €81,333 | €63,167 | -€18,166 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,562 | €11,455 | -€7,108 | -38.3% |
| Other operating charges | 640/8 | €516 | €478 | -€38 | -7.3% |
| Non-recurring operating charges | 66A | €624 | - | -€624 | |
| Gross operating margin | 9900 | €89,744 | €68,515 | -€21,229 | -23.7% |
| Operating profit (loss) | 9901 | -€11,292 | -€6,585 | +€4,707 | +41.7% |
| Financial income | 75/76B | €37 | €96 | +€59 | +160.3% |
| Recurring financial income | 75 | €37 | €96 | +€59 | +160.3% |
| Financial charges | 65/66B | €1,260 | €594 | -€666 | -52.9% |
| Recurring financial charges | 65 | €1,260 | €594 | -€666 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,515 | -€7,083 | +€5,432 | +43.4% |
| Income taxes | 67/77 | €71 | €74 | +€3 | +4.0% |
| Profit (loss) for the period | 9904 | -€12,586 | -€7,157 | +€5,429 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,586 | -€7,157 | +€5,429 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.