PYTHION: 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.
PYTHION
Largest movements
- Receivables within one year +€19,609
up €19,609 (+73.6%), from €26,636 to €46,245
- Tangible fixed assets +€3,572
new in 2025: €3,572
- Stocks and contracts -€2,782
down €2,782 (-25.7%), from €10,811 to €8,029
- Cash +€1,636
up €1,636 (+1,016%), from €161 to €1,797
mainly Net result for the year (+€11,064) and Tax, wage and social debts (+€5,555)
- Profit (loss) carried forward +€11,064
up €11,064 (+80.0%), from -€13,827 to -€2,763
- Tax, wage and social debts +€5,555
up €5,555 (+32.9%), from €16,902 to €22,457
of which Taxes: +€5,342
- Trade debts +€5,160
up €5,160 (+121%), from €4,264 to €9,424
- Staff costs -€26,468
down €26,468 (-46.6%), from €56,808 to €30,340
- Gross operating margin -€18,175
down €18,175 (-27.6%), from €65,862 to €47,687
- Other operating charges +€1,508
up €1,508 (+1,012%), from €149 to €1,657
- Taxes +€990
new in 2025: €990
- Financial charges -€934
down €934 (-24.1%), from €3,876 to €2,942
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 | €37,799 | €59,834 | +€22,035 | +58.3% |
| Fixed assets | 21/28 | €191 | €3,763 | +€3,572 | +1,870% |
| Tangible fixed assets | 22/27 | - | €3,572 | +€3,572 | |
| Furniture and vehicles | 24 | - | €3,572 | +€3,572 | |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €37,608 | €56,071 | +€18,463 | +49.1% |
| Stocks and contracts in progress | 3 | €10,811 | €8,029 | -€2,782 | -25.7% |
| Stocks | 30/36 | €10,811 | €8,029 | -€2,782 | -25.7% |
| Amounts receivable within one year | 40/41 | €26,636 | €46,245 | +€19,609 | +73.6% |
| Trade receivables | 40 | €26,636 | €46,245 | +€19,609 | +73.6% |
| Cash at bank and in hand | 54/58 | €161 | €1,797 | +€1,636 | +1,016% |
| Total equity and liabilities | 10/49 | €37,799 | €59,834 | +€22,035 | +58.3% |
| Equity | 10/15 | €12,125 | €23,189 | +€11,064 | +91.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €7,360 | €7,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,827 | -€2,763 | +€11,064 | +80.0% |
| Amounts payable | 17/49 | €25,674 | €36,645 | +€10,971 | +42.7% |
| Amounts payable within one year | 42/48 | €25,674 | €36,645 | +€10,971 | +42.7% |
| Financial debts | 43 | €4,508 | €4,764 | +€256 | +5.7% |
| Credit institutions | 430/8 | €4,508 | €4,764 | +€256 | +5.7% |
| Trade debts | 44 | €4,264 | €9,424 | +€5,160 | +121% |
| Suppliers | 440/4 | €4,264 | €9,424 | +€5,160 | +121% |
| Taxes, remuneration and social security | 45 | €16,902 | €22,457 | +€5,555 | +32.9% |
| Taxes | 450/3 | €8,180 | €13,522 | +€5,342 | +65.3% |
| Remuneration and social security | 454/9 | €8,722 | €8,935 | +€213 | +2.4% |
| Remuneration, social security and pensions | 62 | €56,808 | €30,340 | -€26,468 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €698 | +€698 | |
| Other operating charges | 640/8 | €149 | €1,657 | +€1,508 | +1,012% |
| Gross operating margin | 9900 | €65,862 | €47,687 | -€18,175 | -27.6% |
| Operating profit (loss) | 9901 | €8,905 | €14,992 | +€6,087 | +68.4% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €3,876 | €2,942 | -€934 | -24.1% |
| Recurring financial charges | 65 | €3,876 | €2,942 | -€934 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €5,029 | €12,054 | +€7,025 | +140% |
| Income taxes | 67/77 | - | €990 | +€990 | |
| Profit (loss) for the period | 9904 | €5,029 | €11,064 | +€6,035 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €5,029 | €11,064 | +€6,035 | +120% |
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 21 October 2026 via checked.be.