PYTHAGOR RISK ADVISORY: 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.
PYTHAGOR RISK ADVISORY
Largest movements
- Cash -€10,604
down €10,604 (-27.1%), from €39,153 to €28,549
mainly Tax, wage and social debts (-€6,621) and Net result for the year (-€4,191)
- Tax, wage and social debts -€6,621
down €6,621 (-88.5%), from €7,481 to €860
- Profit (loss) carried forward -€4,170
down €4,170 (-14.1%), from €29,583 to €25,413
- Turnover -€9,300
down €9,300 (-100.0%), from €9,300 to €0
- Gross operating margin -€8,620
down €8,620, from €5,159 to -€3,461
- Taxes -€845
down €845 (-71.2%), from €1,187 to €342
- Purchases and services -€680
down €680 (-16.4%), from €4,141 to €3,461
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 | €39,864 | €28,872 | -€10,992 | -27.6% |
| Fixed assets | 21/28 | €711 | €323 | -€388 | -54.5% |
| Tangible fixed assets | 22/27 | €711 | €323 | -€388 | -54.5% |
| Furniture and vehicles | 24 | €711 | €323 | -€388 | -54.5% |
| Current assets | 29/58 | €39,153 | €28,549 | -€10,604 | -27.1% |
| Cash at bank and in hand | 54/58 | €39,153 | €28,549 | -€10,604 | -27.1% |
| Total equity and liabilities | 10/49 | €39,864 | €28,872 | -€10,992 | -27.6% |
| Equity | 10/15 | €31,783 | €27,613 | -€4,170 | -13.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,583 | €25,413 | -€4,170 | -14.1% |
| Amounts payable | 17/49 | €8,081 | €1,260 | -€6,821 | -84.4% |
| Amounts payable within one year | 42/48 | €8,081 | €1,260 | -€6,821 | -84.4% |
| Trade debts | 44 | €600 | €400 | -€200 | -33.3% |
| Suppliers | 440/4 | €600 | €400 | -€200 | -33.3% |
| Taxes, remuneration and social security | 45 | €7,481 | €860 | -€6,621 | -88.5% |
| Taxes | 450/3 | €7,481 | €860 | -€6,621 | -88.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €9,300 | €0 | -€9,300 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,141 | €3,461 | -€680 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €388 | -€0 | 0.0% |
| Gross operating margin | 9900 | €5,159 | -€3,461 | -€8,620 | |
| Operating profit (loss) | 9901 | €4,771 | -€3,849 | -€8,620 | |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €4,828 | -€3,849 | -€8,677 | |
| Income taxes | 67/77 | €1,187 | €342 | -€845 | -71.2% |
| Profit (loss) for the period | 9904 | €3,641 | -€4,191 | -€7,832 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,641 | -€4,191 | -€7,832 |
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 10 October 2026 via checked.be.