PYTHEAS: 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.
PYTHEAS
Largest movements
- Receivables within one year +€22,587
up €22,587 (+27.1%), from €83,437 to €106,024
of which Other amounts receivable: +€29,290
- Reserves +€15,423
up €15,423 (+1666.8%), from €925 to €16,348
of which Distributable reserves: +€15,423
- Profit (loss) carried forward +€6,488
up €6,488, from -€6,488 to €0
- Trade debts -€4,625
down €4,625 (-58.6%), from €7,894 to €3,269
- Tax, wage and social debts +€3,320
up €3,320 (+6.3%), from €52,559 to €55,879
of which Taxes: +€7,506
- Short-term financial debts +€1,173
up €1,173 (+18.0%), from €6,523 to €7,696
- Financial charges -€27,653
down €27,653 (-65.0%), from €42,521 to €14,868
of which Non-recurring financial charges: -€40,000
- Taxes +€11,990
up €11,990 (+4146.8%), from €289 to €12,279
- Other operating charges +€6,634
up €6,634 (+164.9%), from €4,024 to €10,658
- Depreciation -€4,200
down €4,200 (-100.0%), from €4,200 to €0
- Staff costs -€3,711
down €3,711 (-6.8%), from €54,430 to €50,718
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 | €84,549 | €106,327 | +€21,779 | +25.8% |
| Current assets | 29/58 | €84,549 | €106,327 | +€21,779 | +25.8% |
| Amounts receivable within one year | 40/41 | €83,437 | €106,024 | +€22,587 | +27.1% |
| Trade receivables | 40 | €59,882 | €53,179 | -€6,703 | -11.2% |
| Other amounts receivable | 41 | €23,555 | €52,845 | +€29,290 | +124.3% |
| Cash at bank and in hand | 54/58 | €1,111 | €303 | -€808 | -72.7% |
| Total equity and liabilities | 10/49 | €84,549 | €106,327 | +€21,779 | +25.8% |
| Equity | 10/15 | €638 | €22,548 | +€21,911 | +3436.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €925 | €16,348 | +€15,423 | +1666.8% |
| Non-distributable reserves | 130/1 | €925 | €925 | = | 0.0% |
| Reserves not available under the articles | 1311 | €925 | €925 | = | 0.0% |
| Distributable reserves | 133 | - | €15,423 | +€15,423 | |
| Profit (loss) carried forward | 14 | -€6,488 | €0 | +€6,488 | |
| Amounts payable | 17/49 | €83,911 | €83,779 | -€132 | -0.2% |
| Amounts payable after more than one year | 17 | €16,935 | €16,935 | = | 0.0% |
| Other amounts payable | 178/9 | €16,935 | €16,935 | = | 0.0% |
| Amounts payable within one year | 42/48 | €66,976 | €66,844 | -€132 | -0.2% |
| Financial debts | 43 | €6,523 | €7,696 | +€1,173 | +18.0% |
| Credit institutions | 430/8 | €6,523 | €7,696 | +€1,173 | +18.0% |
| Trade debts | 44 | €7,894 | €3,269 | -€4,625 | -58.6% |
| Suppliers | 440/4 | €7,894 | €3,269 | -€4,625 | -58.6% |
| Taxes, remuneration and social security | 45 | €52,559 | €55,879 | +€3,320 | +6.3% |
| Taxes | 450/3 | €36,342 | €43,848 | +€7,506 | +20.7% |
| Remuneration and social security | 454/9 | €16,217 | €12,031 | -€4,186 | -25.8% |
| Remuneration, social security and pensions | 62 | €54,430 | €50,718 | -€3,711 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,200 | €0 | -€4,200 | -100.0% |
| Other operating charges | 640/8 | €4,024 | €10,658 | +€6,634 | +164.9% |
| Gross operating margin | 9900 | €106,006 | €109,410 | +€3,404 | +3.2% |
| Operating profit (loss) | 9901 | €43,352 | €48,034 | +€4,682 | +10.8% |
| Financial income | 75/76B | - | €1,024 | +€1,024 | |
| Recurring financial income | 75 | - | €1,024 | +€1,024 | |
| Financial charges | 65/66B | €42,521 | €14,868 | -€27,653 | -65.0% |
| Recurring financial charges | 65 | €2,521 | €14,868 | +€12,347 | +489.7% |
| Non-recurring financial charges | 66B | €40,000 | - | -€40,000 | |
| Profit (loss) for the period before taxes | 9903 | €831 | €34,190 | +€33,359 | +4015.3% |
| Income taxes | 67/77 | €289 | €12,279 | +€11,990 | +4146.8% |
| Profit (loss) for the period | 9904 | €542 | €21,911 | +€21,369 | +3945.0% |
| Profit (loss) for the period to be appropriated | 9905 | €542 | €21,911 | +€21,369 | +3945.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.