PYRAMIDION: 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.
PYRAMIDION
Largest movements
- Receivables within one year -€8,600
down €8,600 (-13.5%), from €63,531 to €54,931
of which Trade receivables: -€13,564
- Cash -€6,745
down €6,745 (-18.8%), from €35,927 to €29,182
mainly Debts after one year (-€14,582) and Net result for the year (-€4,912)
- Deferred charges and accrued income -€3,542
down €3,542 (-98.4%), from €3,600 to €57
- Debts after one year -€14,582
down €14,582 (-59.4%), from €24,560 to €9,978
- Reserves -€9,683
down €9,683 (-18.6%), from €51,948 to €42,265
of which Distributable reserves: -€9,683
- Profit (loss) carried forward +€4,770
no longer reported in 2025 (was -€4,770)
- Current portion of long-term debt +€2,524
up €2,524 (+17.9%), from €14,133 to €16,657
- Trade debts -€1,918
down €1,918 (-44.1%), from €4,348 to €2,430
- Gross operating margin -€2,955
down €2,955, from €43 to -€2,912
- Depreciation -€2,057
no longer reported in 2025 (was €2,057)
- Financial charges -€1,005
down €1,005 (-52.4%), from €1,917 to €912
- Other operating charges +€187
up €187 (+51.8%), from €361 to €548
- Financial income -€43
no longer reported in 2025 (was €43)
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 | €108,768 | €89,880 | -€18,888 | -17.4% |
| Fixed assets | 21/28 | €5,710 | €5,710 | = | 0.0% |
| Financial fixed assets | 28 | €5,710 | €5,710 | = | 0.0% |
| Current assets | 29/58 | €103,058 | €84,170 | -€18,888 | -18.3% |
| Amounts receivable within one year | 40/41 | €63,531 | €54,931 | -€8,600 | -13.5% |
| Trade receivables | 40 | €50,844 | €37,280 | -€13,564 | -26.7% |
| Other amounts receivable | 41 | €12,688 | €17,651 | +€4,963 | +39.1% |
| Cash at bank and in hand | 54/58 | €35,927 | €29,182 | -€6,745 | -18.8% |
| Deferred charges and accrued income | 490/1 | €3,600 | €57 | -€3,542 | -98.4% |
| Total equity and liabilities | 10/49 | €108,768 | €89,880 | -€18,888 | -17.4% |
| Equity | 10/15 | €65,727 | €60,815 | -€4,912 | -7.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €51,948 | €42,265 | -€9,683 | -18.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €50,093 | €40,410 | -€9,683 | -19.3% |
| Profit (loss) carried forward | 14 | -€4,770 | - | +€4,770 | |
| Amounts payable | 17/49 | €43,041 | €29,065 | -€13,976 | -32.5% |
| Amounts payable after more than one year | 17 | €24,560 | €9,978 | -€14,582 | -59.4% |
| Financial debts | 170/4 | €24,560 | €9,978 | -€14,582 | -59.4% |
| Amounts payable within one year | 42/48 | €18,481 | €19,087 | +€606 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €14,133 | €16,657 | +€2,524 | +17.9% |
| Trade debts | 44 | €4,348 | €2,430 | -€1,918 | -44.1% |
| Suppliers | 440/4 | €4,348 | €2,430 | -€1,918 | -44.1% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,057 | - | -€2,057 | |
| Other operating charges | 640/8 | €361 | €548 | +€187 | +51.8% |
| Gross operating margin | 9900 | €43 | -€2,912 | -€2,955 | |
| Operating profit (loss) | 9901 | -€2,763 | -€3,860 | -€1,097 | -39.7% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €1,917 | €912 | -€1,005 | -52.4% |
| Recurring financial charges | 65 | €1,917 | €912 | -€1,005 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,637 | -€4,773 | -€135 | -2.9% |
| Income taxes | 67/77 | €133 | €140 | +€7 | +5.1% |
| Profit (loss) for the period | 9904 | -€4,770 | -€4,912 | -€142 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,770 | -€4,912 | -€142 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.