PYROX: 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.
PYROX
Largest movements
- Receivables within one year +€514,731
up €514,731 (+365.0%), from €141,023 to €655,754
of which Trade receivables: +€532,105
- Cash +€163,688
up €163,688 (+56.8%), from €288,381 to €452,068
mainly Advances received (+€366,572) and Net result for the year (+€201,067)
- Tangible fixed assets -€106,597
down €106,597 (-13.4%), from €794,275 to €687,679
- Deferred charges and accrued income +€101,338
up €101,338 (+109.9%), from €92,188 to €193,526
- Stocks and contracts +€46,459
up €46,459 (+71.1%), from €65,379 to €111,838
- Advances received +€366,572
up €366,572 (+102.2%), from €358,834 to €725,406
- Profit (loss) carried forward +€201,067
up €201,067 (+26.7%), from €753,463 to €954,530
- Trade debts +€127,851
up €127,851 (+56.6%), from €226,005 to €353,855
- Current portion of long-term debt -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Other debts +€86,621
up €86,621 (+35.0%), from €247,714 to €334,334
- Gross operating margin +€503,173
up €503,173 (+371.6%), from €135,420 to €638,593
- Depreciation +€30,194
up €30,194 (+32.4%), from €93,297 to €123,491
- Staff costs +€17,316
up €17,316 (+6.0%), from €290,755 to €308,071
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 | €1,739,468 | €2,466,763 | +€727,296 | +41.8% |
| Fixed assets | 21/28 | €799,881 | €697,910 | -€101,970 | -12.7% |
| Intangible fixed assets | 21 | €5,605 | €10,232 | +€4,626 | +82.5% |
| Tangible fixed assets | 22/27 | €794,275 | €687,679 | -€106,597 | -13.4% |
| Land and buildings | 22 | €470,875 | €423,942 | -€46,933 | -10.0% |
| Plant, machinery and equipment | 23 | €156,391 | €123,184 | -€33,207 | -21.2% |
| Furniture and vehicles | 24 | €160,959 | €134,502 | -€26,457 | -16.4% |
| Other tangible fixed assets | 26 | €6,050 | €6,050 | = | 0.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €939,587 | €1,768,853 | +€829,266 | +88.3% |
| Stocks and contracts in progress | 3 | €65,379 | €111,838 | +€46,459 | +71.1% |
| Stocks | 30/36 | €65,379 | €111,838 | +€46,459 | +71.1% |
| Amounts receivable within one year | 40/41 | €141,023 | €655,754 | +€514,731 | +365.0% |
| Trade receivables | 40 | €123,176 | €655,281 | +€532,105 | +432.0% |
| Other amounts receivable | 41 | €17,848 | €474 | -€17,374 | -97.3% |
| Current investments | 50/53 | €352,616 | €355,666 | +€3,050 | +0.9% |
| Cash at bank and in hand | 54/58 | €288,381 | €452,068 | +€163,688 | +56.8% |
| Deferred charges and accrued income | 490/1 | €92,188 | €193,526 | +€101,338 | +109.9% |
| Total equity and liabilities | 10/49 | €1,739,468 | €2,466,763 | +€727,296 | +41.8% |
| Equity | 10/15 | €773,923 | €974,990 | +€201,067 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753,463 | €954,530 | +€201,067 | +26.7% |
| Amounts payable | 17/49 | €965,544 | €1,491,773 | +€526,229 | +54.5% |
| Amounts payable within one year | 42/48 | €965,544 | €1,491,773 | +€526,229 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €0 | -€100,000 | -100.0% |
| Trade debts | 44 | €226,005 | €353,855 | +€127,851 | +56.6% |
| Suppliers | 440/4 | €226,005 | €353,855 | +€127,851 | +56.6% |
| Advances received on contracts in progress | 46 | €358,834 | €725,406 | +€366,572 | +102.2% |
| Taxes, remuneration and social security | 45 | €32,992 | €78,177 | +€45,185 | +137.0% |
| Taxes | 450/3 | €97 | €43,294 | +€43,197 | +44745.6% |
| Remuneration and social security | 454/9 | €32,895 | €34,883 | +€1,988 | +6.0% |
| Other amounts payable | 47/48 | €247,714 | €334,334 | +€86,621 | +35.0% |
| Non-recurring operating income | 76A | €8,206 | €0 | -€8,206 | -100.0% |
| Remuneration, social security and pensions | 62 | €290,755 | €308,071 | +€17,316 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,297 | €123,491 | +€30,194 | +32.4% |
| Other operating charges | 640/8 | €4,959 | €5,302 | +€343 | +6.9% |
| Gross operating margin | 9900 | €135,420 | €638,593 | +€503,173 | +371.6% |
| Operating profit (loss) | 9901 | -€253,591 | €201,729 | +€455,320 | |
| Financial income | 75/76B | €1,874 | €4,720 | +€2,847 | +151.9% |
| Recurring financial income | 75 | €1,874 | €4,720 | +€2,847 | +151.9% |
| Financial charges | 65/66B | €9,828 | €4,665 | -€5,163 | -52.5% |
| Recurring financial charges | 65 | €9,828 | €4,665 | -€5,163 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | -€261,546 | €201,784 | +€463,330 | |
| Income taxes | 67/77 | €442 | €718 | +€275 | +62.2% |
| Profit (loss) for the period | 9904 | -€261,988 | €201,067 | +€463,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€261,988 | €201,067 | +€463,055 |
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 29 September 2026 via checked.be.