PYRGOS: 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.
PYRGOS
Largest movements
- Receivables within one year -€19,130
down €19,130 (-92.0%), from €20,787 to €1,656
of which Other amounts receivable: -€13,387
- Stocks and contracts +€1,825
up €1,825 (+13.5%), from €13,520 to €15,346
- Cash -€1,702
down €1,702 (-26.9%), from €6,323 to €4,622
mainly Net result for the year (-€23,602) and Trade debts (-€11,719)
- Deferred charges and accrued income +€960
up €960 (+13.8%), from €6,951 to €7,911
- Tangible fixed assets +€880
up €880 (+7.5%), from €11,810 to €12,690
of which Furniture and vehicles: +€880
- Debts after one year +€24,813
up €24,813 (+641%), from €3,870 to €28,683
of which Other amounts payable: +€16,500
- Profit (loss) carried forward -€23,602
down €23,602 (-66.3%), from -€35,594 to -€59,196
- Trade debts -€11,719
down €11,719 (-68.0%), from €17,236 to €5,517
- Other debts -€7,507
down €7,507 (-97.0%), from €7,736 to €228
- Short-term financial debts +€6,798
new in 2025: €6,798
of which Credit institutions: +€3,464
- Gross operating margin -€31,814
down €31,814 (-54.5%), from €58,392 to €26,578
- Depreciation -€3,252
no longer reported in 2025 (was €3,252)
- Other operating charges -€1,721
down €1,721 (-52.0%), from €3,309 to €1,588
- Staff costs +€945
up €945 (+2.4%), from €39,962 to €40,907
- Financial charges -€697
down €697 (-8.7%), from €8,005 to €7,309
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 | €60,192 | €43,025 | -€17,167 | -28.5% |
| Fixed assets | 21/28 | €12,610 | €13,490 | +€880 | +7.0% |
| Tangible fixed assets | 22/27 | €11,810 | €12,690 | +€880 | +7.5% |
| Plant, machinery and equipment | 23 | €2,701 | €2,701 | = | 0.0% |
| Furniture and vehicles | 24 | €8,310 | €9,190 | +€880 | +10.6% |
| Other tangible fixed assets | 26 | €799 | €799 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €47,582 | €29,535 | -€18,047 | -37.9% |
| Stocks and contracts in progress | 3 | €13,520 | €15,346 | +€1,825 | +13.5% |
| Stocks | 30/36 | €13,520 | €15,346 | +€1,825 | +13.5% |
| Amounts receivable within one year | 40/41 | €20,787 | €1,656 | -€19,130 | -92.0% |
| Trade receivables | 40 | €6,806 | €1,063 | -€5,743 | -84.4% |
| Other amounts receivable | 41 | €13,980 | €594 | -€13,387 | -95.8% |
| Cash at bank and in hand | 54/58 | €6,323 | €4,622 | -€1,702 | -26.9% |
| Deferred charges and accrued income | 490/1 | €6,951 | €7,911 | +€960 | +13.8% |
| Total equity and liabilities | 10/49 | €60,192 | €43,025 | -€17,167 | -28.5% |
| Equity | 10/15 | €13,383 | -€10,219 | -€23,602 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,427 | €30,427 | = | 0.0% |
| 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 | €28,572 | €28,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,594 | -€59,196 | -€23,602 | -66.3% |
| Amounts payable | 17/49 | €46,809 | €53,244 | +€6,435 | +13.7% |
| Amounts payable after more than one year | 17 | €3,870 | €28,683 | +€24,813 | +641% |
| Financial debts | 170/4 | €3,870 | €2,183 | -€1,687 | -43.6% |
| Trade debts | 175 | - | €10,000 | +€10,000 | |
| Other amounts payable | 178/9 | - | €16,500 | +€16,500 | |
| Amounts payable within one year | 42/48 | €42,939 | €24,561 | -€18,378 | -42.8% |
| Current portion of amounts payable after more than one year | 42 | €4,171 | €1,687 | -€2,484 | -59.5% |
| Financial debts | 43 | - | €6,798 | +€6,798 | |
| Credit institutions | 430/8 | - | €3,464 | +€3,464 | |
| Other loans | 439 | - | €3,333 | +€3,333 | |
| Trade debts | 44 | €17,236 | €5,517 | -€11,719 | -68.0% |
| Suppliers | 440/4 | €17,236 | €5,517 | -€11,719 | -68.0% |
| Taxes, remuneration and social security | 45 | €13,796 | €10,331 | -€3,465 | -25.1% |
| Taxes | 450/3 | €6,961 | €7,309 | +€348 | +5.0% |
| Remuneration and social security | 454/9 | €6,835 | €3,022 | -€3,813 | -55.8% |
| Other amounts payable | 47/48 | €7,736 | €228 | -€7,507 | -97.0% |
| Remuneration, social security and pensions | 62 | €39,962 | €40,907 | +€945 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,252 | - | -€3,252 | |
| Other operating charges | 640/8 | €3,309 | €1,588 | -€1,721 | -52.0% |
| Gross operating margin | 9900 | €58,392 | €26,578 | -€31,814 | -54.5% |
| Operating profit (loss) | 9901 | €11,868 | -€15,917 | -€27,785 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €8,005 | €7,309 | -€697 | -8.7% |
| Recurring financial charges | 65 | €8,005 | €7,309 | -€697 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €3,862 | -€23,216 | -€27,078 | |
| Income taxes | 67/77 | €391 | €386 | -€4 | -1.1% |
| Profit (loss) for the period | 9904 | €3,472 | -€23,602 | -€27,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,472 | -€23,602 | -€27,074 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.