PYTHIOS: 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.
PYTHIOS
Largest movements
- Cash +€11,920
up €11,920 (+19.8%), from €60,203 to €72,123
mainly Net result for the year (+€18,566) and Tax, wage and social debts (+€146)
- Reserves +€18,566
up €18,566 (+1.7%), from €1.1m to €1.1m
- Financial income -€17,406
down €17,406 (-71.1%), from €24,493 to €7,087
- Gross operating margin +€5,651
up €5,651 (+34.7%), from €16,270 to €21,921
- Taxes -€2,273
down €2,273 (-20.7%), from €10,974 to €8,701
- Other operating charges +€631
up €631 (+56.9%), from €1,109 to €1,740
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,127,021 | €1,145,763 | +€18,742 | +1.7% |
| Current assets | 29/58 | €1,127,021 | €1,145,763 | +€18,742 | +1.7% |
| Amounts receivable within one year | 40/41 | €12,777 | €14,687 | +€1,910 | +14.9% |
| Trade receivables | 40 | €2,577 | €2,638 | +€61 | +2.3% |
| Other amounts receivable | 41 | €10,200 | €12,049 | +€1,849 | +18.1% |
| Current investments | 50/53 | €1,052,540 | €1,057,366 | +€4,826 | +0.5% |
| Cash at bank and in hand | 54/58 | €60,203 | €72,123 | +€11,920 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,501 | €1,588 | +€87 | +5.8% |
| Total equity and liabilities | 10/49 | €1,127,021 | €1,145,763 | +€18,742 | +1.7% |
| Equity | 10/15 | €1,124,998 | €1,143,565 | +€18,566 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,106,398 | €1,124,965 | +€18,566 | +1.7% |
| Distributable reserves | 133 | €1,106,398 | €1,124,965 | +€18,566 | +1.7% |
| Amounts payable | 17/49 | €2,023 | €2,198 | +€175 | +8.7% |
| Amounts payable within one year | 42/48 | €2,023 | €2,198 | +€175 | +8.7% |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Taxes, remuneration and social security | 45 | €2,023 | €2,169 | +€146 | +7.2% |
| Taxes | 450/3 | €1,354 | €1,396 | +€42 | +3.1% |
| Remuneration and social security | 454/9 | €669 | €773 | +€104 | +15.5% |
| Other operating charges | 640/8 | €1,109 | €1,740 | +€631 | +56.9% |
| Gross operating margin | 9900 | €16,270 | €21,921 | +€5,651 | +34.7% |
| Operating profit (loss) | 9901 | €15,161 | €20,181 | +€5,020 | +33.1% |
| Financial income | 75/76B | €24,493 | €7,087 | -€17,406 | -71.1% |
| Recurring financial income | 75 | €24,493 | €7,087 | -€17,406 | -71.1% |
| Financial charges | 65/66B | €0 | €0 | -€0 | -88.9% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €39,653 | €27,268 | -€12,386 | -31.2% |
| Income taxes | 67/77 | €10,974 | €8,701 | -€2,273 | -20.7% |
| Profit (loss) for the period | 9904 | €28,679 | €18,566 | -€10,113 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,679 | €18,566 | -€10,113 | -35.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.