PYX: 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.
PYX
Largest movements
- Cash -€25,734
down €25,734 (-14.9%), from €173,042 to €147,308
mainly Contributions, distributions and other (-€56,000) and Other debts (-€15,378)
- Receivables within one year +€8,084
up €8,084 (+37.2%), from €21,731 to €29,814
- Reserves -€26,825
down €26,825 (-15.2%), from €176,860 to €150,035
- Tax, wage and social debts +€15,436
up €15,436 (+288.0%), from €5,359 to €20,796
- Other debts -€15,378
down €15,378 (-16.2%), from €94,700 to €79,322
- Trade debts +€9,338
up €9,338, from €0 to €9,338
- Gross operating margin -€34,873
down €34,873 (-42.5%), from €82,035 to €47,162
- Other operating charges -€4,956
down €4,956 (-84.2%), from €5,884 to €928
- Taxes -€3,905
down €3,905 (-21.1%), from €18,551 to €14,646
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 | €206,128 | €188,700 | -€17,428 | -8.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €206,128 | €188,700 | -€17,428 | -8.5% |
| Amounts receivable within one year | 40/41 | €21,731 | €29,814 | +€8,084 | +37.2% |
| Trade receivables | 40 | €21,731 | €29,814 | +€8,084 | +37.2% |
| Current investments | 50/53 | €10,034 | €10,081 | +€48 | +0.5% |
| Cash at bank and in hand | 54/58 | €173,042 | €147,308 | -€25,734 | -14.9% |
| Deferred charges and accrued income | 490/1 | €1,321 | €1,496 | +€175 | +13.2% |
| Total equity and liabilities | 10/49 | €206,128 | €188,700 | -€17,428 | -8.5% |
| Equity | 10/15 | €106,069 | €79,244 | -€26,825 | -25.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €176,860 | €150,035 | -€26,825 | -15.2% |
| Distributable reserves | 133 | €176,860 | €150,035 | -€26,825 | -15.2% |
| Profit (loss) carried forward | 14 | -€83,191 | -€83,191 | = | 0.0% |
| Amounts payable | 17/49 | €100,059 | €109,456 | +€9,397 | +9.4% |
| Amounts payable within one year | 42/48 | €100,059 | €109,456 | +€9,397 | +9.4% |
| Trade debts | 44 | €0 | €9,338 | +€9,338 | |
| Suppliers | 440/4 | €0 | €9,338 | +€9,338 | |
| Taxes, remuneration and social security | 45 | €5,359 | €20,796 | +€15,436 | +288.0% |
| Taxes | 450/3 | €5,359 | €20,796 | +€15,436 | +288.0% |
| Other amounts payable | 47/48 | €94,700 | €79,322 | -€15,378 | -16.2% |
| Non-recurring operating income | 76A | €4,919 | €0 | -€4,919 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,884 | €928 | -€4,956 | -84.2% |
| Gross operating margin | 9900 | €82,035 | €47,162 | -€34,873 | -42.5% |
| Operating profit (loss) | 9901 | €76,151 | €46,234 | -€29,917 | -39.3% |
| Financial income | 75/76B | €47 | €48 | +€0 | +0.3% |
| Recurring financial income | 75 | €47 | €48 | +€0 | +0.3% |
| Financial charges | 65/66B | €2,580 | €2,461 | -€119 | -4.6% |
| Recurring financial charges | 65 | €2,580 | €2,461 | -€119 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €73,618 | €43,821 | -€29,798 | -40.5% |
| Income taxes | 67/77 | €18,551 | €14,646 | -€3,905 | -21.1% |
| Profit (loss) for the period | 9904 | €55,067 | €29,175 | -€25,892 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,067 | €29,175 | -€25,892 | -47.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.