PYRENE: 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.
PYRENE
Largest movements
- Tangible fixed assets -€57,265
down €57,265 (-6.6%), from €865,996 to €808,731
- Cash +€28,174
up €28,174 (+239%), from €11,805 to €39,978
mainly Depreciation (+€57,265) and Other debts (+€12,484)
- Profit (loss) carried forward -€27,728
down €27,728 (-6.4%), from -€433,380 to -€461,107
- Other debts +€12,484
up €12,484 (+3.0%), from €416,117 to €428,601
- Accrued charges and deferred income -€10,000
down €10,000 (-6.9%), from €145,000 to €135,000
- Gross operating margin +€32,326
up €32,326 (+167%), from €19,339 to €51,665
- Financial charges +€12,534
up €12,534 (+7,408%), from €169 to €12,704
- Other operating charges +€3,278
up €3,278 (+47.4%), from €6,920 to €10,198
- Write-downs -€580
down €580 (-100%), from €580 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 | €892,006 | €867,148 | -€24,858 | -2.8% |
| Fixed assets | 21/28 | €868,450 | €811,185 | -€57,265 | -6.6% |
| Tangible fixed assets | 22/27 | €865,996 | €808,731 | -€57,265 | -6.6% |
| Land and buildings | 22 | €865,996 | €808,731 | -€57,265 | -6.6% |
| Financial fixed assets | 28 | €2,454 | €2,454 | = | 0.0% |
| Current assets | 29/58 | €23,556 | €55,963 | +€32,407 | +138% |
| Amounts receivable within one year | 40/41 | €11,751 | €15,985 | +€4,234 | +36.0% |
| Trade receivables | 40 | €605 | €605 | = | 0.0% |
| Other amounts receivable | 41 | €11,146 | €15,380 | +€4,234 | +38.0% |
| Cash at bank and in hand | 54/58 | €11,805 | €39,978 | +€28,174 | +239% |
| Total equity and liabilities | 10/49 | €892,006 | €867,148 | -€24,858 | -2.8% |
| Equity | 10/15 | €330,303 | €302,575 | -€27,728 | -8.4% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Reserves | 13 | €20,002 | €20,002 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | - | -€1,000 | |
| Reserves not available under the articles | 1311 | €1,000 | - | -€1,000 | |
| Distributable reserves | 133 | €19,002 | €20,002 | +€1,000 | +5.3% |
| Profit (loss) carried forward | 14 | -€433,380 | -€461,107 | -€27,728 | -6.4% |
| Amounts payable | 17/49 | €561,703 | €564,573 | +€2,870 | +0.5% |
| Amounts payable within one year | 42/48 | €416,703 | €429,573 | +€12,870 | +3.1% |
| Trade debts | 44 | €586 | €322 | -€264 | -45.1% |
| Suppliers | 440/4 | €586 | €322 | -€264 | -45.1% |
| Taxes, remuneration and social security | 45 | - | €651 | +€651 | |
| Taxes | 450/3 | - | €651 | +€651 | |
| Other amounts payable | 47/48 | €416,117 | €428,601 | +€12,484 | +3.0% |
| Accrued charges and deferred income | 492/3 | €145,000 | €135,000 | -€10,000 | -6.9% |
| Non-recurring operating income | 76A | - | €52,247 | +€52,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,265 | €57,265 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €580 | €0 | -€580 | -100% |
| Other operating charges | 640/8 | €6,920 | €10,198 | +€3,278 | +47.4% |
| Gross operating margin | 9900 | €19,339 | €51,665 | +€32,326 | +167% |
| Operating profit (loss) | 9901 | -€45,426 | -€15,798 | +€29,628 | +65.2% |
| Financial income | 75/76B | €616 | €774 | +€158 | +25.6% |
| Recurring financial income | 75 | €616 | €774 | +€158 | +25.6% |
| Financial charges | 65/66B | €169 | €12,704 | +€12,534 | +7,408% |
| Recurring financial charges | 65 | €169 | €12,704 | +€12,534 | +7,408% |
| Profit (loss) for the period before taxes | 9903 | -€44,979 | -€27,728 | +€17,251 | +38.4% |
| Profit (loss) for the period | 9904 | -€44,979 | -€27,728 | +€17,251 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,979 | -€27,728 | +€17,251 | +38.4% |
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 17 October 2026 via checked.be.