PYT-WAX: 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.
PYT-WAX
Largest movements
- Tangible fixed assets +€27,634
up €27,634 (+83.3%), from €33,168 to €60,802
of which Furniture and vehicles: +€21,552
- Deferred charges and accrued income -€1,234
down €1,234 (-95.5%), from €1,291 to €58
- Receivables within one year +€1,059
up €1,059 (+31.1%), from €3,402 to €4,461
of which Trade receivables: +€1,210
- Debts after one year +€12,085
up €12,085 (+261%), from €4,630 to €16,716
- Profit (loss) carried forward +€10,789
up €10,789 (+91.1%), from -€11,843 to -€1,054
- Current portion of long-term debt +€3,537
up €3,537 (+43.4%), from €8,158 to €11,695
- Advances received -€1,540
down €1,540 (-100%), from €1,540 to €0
- Tax, wage and social debts +€1,185
up €1,185 (+76.2%), from €1,555 to €2,740
of which Taxes: +€1,185
- Gross operating margin +€23,540
up €23,540 (+1,521%), from €1,548 to €25,088
- Financial charges +€658
up €658 (+132%), from €500 to €1,158
- Other operating charges +€615
up €615 (+79.3%), from €775 to €1,390
- Depreciation -€470
down €470 (-3.9%), from €12,116 to €11,646
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 | €57,793 | €84,356 | +€26,563 | +46.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €33,328 | €60,962 | +€27,634 | +82.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,168 | €60,802 | +€27,634 | +83.3% |
| Land and buildings | 22 | €1,728 | €1,632 | -€96 | -5.6% |
| Plant, machinery and equipment | 23 | €16,115 | €22,293 | +€6,178 | +38.3% |
| Furniture and vehicles | 24 | €15,325 | €36,877 | +€21,552 | +141% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €24,465 | €23,394 | -€1,071 | -4.4% |
| Stocks and contracts in progress | 3 | €16,465 | €15,882 | -€583 | -3.5% |
| Stocks | 30/36 | €16,465 | €15,882 | -€583 | -3.5% |
| Amounts receivable within one year | 40/41 | €3,402 | €4,461 | +€1,059 | +31.1% |
| Trade receivables | 40 | €2,903 | €4,114 | +€1,210 | +41.7% |
| Other amounts receivable | 41 | €499 | €347 | -€152 | -30.4% |
| Cash at bank and in hand | 54/58 | €3,307 | €2,993 | -€314 | -9.5% |
| Deferred charges and accrued income | 490/1 | €1,291 | €58 | -€1,234 | -95.5% |
| Total equity and liabilities | 10/49 | €57,793 | €84,356 | +€26,563 | +46.0% |
| Equity | 10/15 | €33,639 | €44,428 | +€10,789 | +32.1% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €25,982 | €25,982 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,982 | €25,982 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Other | 1319 | €24,032 | €24,032 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,843 | -€1,054 | +€10,789 | +91.1% |
| Amounts payable | 17/49 | €24,154 | €39,928 | +€15,774 | +65.3% |
| Amounts payable after more than one year | 17 | €4,630 | €16,716 | +€12,085 | +261% |
| Financial debts | 170/4 | €4,630 | €16,716 | +€12,085 | +261% |
| Amounts payable within one year | 42/48 | €19,524 | €23,212 | +€3,688 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €8,158 | €11,695 | +€3,537 | +43.4% |
| Financial debts | 43 | €0 | €51 | +€51 | |
| Credit institutions | 430/8 | €0 | €51 | +€51 | |
| Trade debts | 44 | €498 | €878 | +€380 | +76.2% |
| Suppliers | 440/4 | €498 | €878 | +€380 | +76.2% |
| Advances received on contracts in progress | 46 | €1,540 | €0 | -€1,540 | -100% |
| Taxes, remuneration and social security | 45 | €1,555 | €2,740 | +€1,185 | +76.2% |
| Taxes | 450/3 | €450 | €1,634 | +€1,185 | +264% |
| Remuneration and social security | 454/9 | €1,105 | €1,105 | = | 0.0% |
| Other amounts payable | 47/48 | €7,773 | €7,848 | +€75 | +1.0% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,116 | €11,646 | -€470 | -3.9% |
| Other operating charges | 640/8 | €775 | €1,390 | +€615 | +79.3% |
| Gross operating margin | 9900 | €1,548 | €25,088 | +€23,540 | +1,521% |
| Operating profit (loss) | 9901 | -€11,344 | €12,051 | +€23,395 | |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €500 | €1,158 | +€658 | +132% |
| Recurring financial charges | 65 | €500 | €1,158 | +€658 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€11,844 | €10,907 | +€22,750 | |
| Income taxes | 67/77 | - | €117 | +€117 | |
| Profit (loss) for the period | 9904 | -€11,844 | €10,789 | +€22,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,844 | €10,789 | +€22,633 |
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.