PYTHIA CONSULTING: 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.
PYTHIA CONSULTING
Largest movements
- Receivables within one year -€427,555
down €427,555 (-64.6%), from €661,498 to €233,943
of which Trade receivables: -€238,587
- Cash +€402,839
up €402,839 (+356.5%), from €112,988 to €515,827
mainly Net result for the year (+€889,138) and Receivables within one year (+€427,555)
- Tangible fixed assets +€311,326
up €311,326 (+1064.8%), from €29,239 to €340,564
of which Land and buildings: +€299,675
- Financial fixed assets -€13,300
down €13,300 (-98.9%), from €13,450 to €150
- Reserves +€603,193
up €603,193 (+165.3%), from €364,916 to €968,109
of which Distributable reserves: +€603,193
- Trade debts -€349,054
down €349,054 (-82.6%), from €422,818 to €73,764
- Short-term financial debts -€148,326
down €148,326 (-89.3%), from €166,140 to €17,814
- Other debts +€85,714
new in 2025: €85,714
- Tax, wage and social debts +€81,139
up €81,139 (+145.7%), from €55,693 to €136,831
- Gross operating margin +€1.2m
up €1.2m (+576.5%), from €203,129 to €1.4m
- Taxes +€359,443
up €359,443 (+772.0%), from €46,560 to €406,003
- Depreciation +€42,747
up €42,747 (+214.0%), from €19,974 to €62,721
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 | €1,038,719 | €1,299,968 | +€261,249 | +25.2% |
| Fixed assets | 21/28 | €42,689 | €340,714 | +€298,026 | +698.1% |
| Tangible fixed assets | 22/27 | €29,239 | €340,564 | +€311,326 | +1064.8% |
| Land and buildings | 22 | - | €299,675 | +€299,675 | |
| Plant, machinery and equipment | 23 | - | €7,806 | +€7,806 | |
| Furniture and vehicles | 24 | €8,655 | €27,864 | +€19,209 | +222.0% |
| Leasing and similar rights | 25 | €20,584 | €5,220 | -€15,364 | -74.6% |
| Financial fixed assets | 28 | €13,450 | €150 | -€13,300 | -98.9% |
| Current assets | 29/58 | €996,030 | €959,254 | -€36,777 | -3.7% |
| Amounts receivable after more than one year | 29 | €216,153 | €203,633 | -€12,520 | -5.8% |
| Other amounts receivable | 291 | €216,153 | €203,633 | -€12,520 | -5.8% |
| Amounts receivable within one year | 40/41 | €661,498 | €233,943 | -€427,555 | -64.6% |
| Trade receivables | 40 | €412,072 | €173,485 | -€238,587 | -57.9% |
| Other amounts receivable | 41 | €249,426 | €60,458 | -€188,968 | -75.8% |
| Cash at bank and in hand | 54/58 | €112,988 | €515,827 | +€402,839 | +356.5% |
| Deferred charges and accrued income | 490/1 | €5,391 | €5,851 | +€459 | +8.5% |
| Total equity and liabilities | 10/49 | €1,038,719 | €1,299,968 | +€261,249 | +25.2% |
| Equity | 10/15 | €377,316 | €980,509 | +€603,193 | +159.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €364,916 | €968,109 | +€603,193 | +165.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €363,056 | €966,249 | +€603,193 | +166.1% |
| Amounts payable | 17/49 | €661,403 | €319,459 | -€341,944 | -51.7% |
| Amounts payable after more than one year | 17 | €6,292 | - | -€6,292 | |
| Financial debts | 170/4 | €6,292 | - | -€6,292 | |
| Amounts payable within one year | 42/48 | €655,111 | €319,459 | -€335,652 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €10,460 | €5,335 | -€5,125 | -49.0% |
| Financial debts | 43 | €166,140 | €17,814 | -€148,326 | -89.3% |
| Credit institutions | 430/8 | €166,140 | €17,814 | -€148,326 | -89.3% |
| Trade debts | 44 | €422,818 | €73,764 | -€349,054 | -82.6% |
| Suppliers | 440/4 | €422,818 | €73,764 | -€349,054 | -82.6% |
| Taxes, remuneration and social security | 45 | €55,693 | €136,831 | +€81,139 | +145.7% |
| Taxes | 450/3 | €55,693 | €136,831 | +€81,139 | +145.7% |
| Other amounts payable | 47/48 | - | €85,714 | +€85,714 | |
| Non-recurring operating income | 76A | €7,390 | €716,625 | +€709,235 | +9597.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,974 | €62,721 | +€42,747 | +214.0% |
| Other operating charges | 640/8 | €3,538 | €3,049 | -€488 | -13.8% |
| Non-recurring operating charges | 66A | €9,675 | - | -€9,675 | |
| Gross operating margin | 9900 | €203,129 | €1,374,113 | +€1.2m | +576.5% |
| Operating profit (loss) | 9901 | €169,942 | €1,308,343 | +€1.1m | +669.9% |
| Financial income | 75/76B | €2,761 | €16 | -€2,745 | -99.4% |
| Recurring financial income | 75 | €2,761 | €16 | -€2,745 | -99.4% |
| Financial charges | 65/66B | €18,700 | €13,218 | -€5,482 | -29.3% |
| Recurring financial charges | 65 | €18,700 | €13,218 | -€5,482 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €154,003 | €1,295,141 | +€1.1m | +741.0% |
| Income taxes | 67/77 | €46,560 | €406,003 | +€359,443 | +772.0% |
| Profit (loss) for the period | 9904 | €107,444 | €889,138 | +€781,695 | +727.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,444 | €889,138 | +€781,695 | +727.5% |
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 9 October 2026 via checked.be.