PYZEN HOLDING: 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.
PYZEN HOLDING
Largest movements
- Financial fixed assets +€95,000
new in 2025: €95,000
- Tangible fixed assets -€40,564
down €40,564 (-10.2%), from €398,049 to €357,485
- Other debts +€92,318
up €92,318 (+169%), from €54,614 to €146,932
- Reserves -€15,934
down €15,934 (-16.2%), from €98,575 to €82,641
of which Distributable reserves: -€15,934
- Debts after one year -€13,576
down €13,576 (-5.6%), from €241,970 to €228,394
- Turnover +€56,142
new in 2025: €56,142
- Purchases and services +€35,471
new in 2025: €35,471
- Depreciation -€5,850
down €5,850 (-15.5%), from €37,660 to €31,810
- Gross operating margin +€1,968
up €1,968 (+10.5%), from €18,703 to €20,671
- Financial charges -€831
down €831 (-17.6%), from €4,715 to €3,884
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 | €423,080 | €480,814 | +€57,734 | +13.6% |
| Fixed assets | 21/28 | €398,049 | €452,485 | +€54,436 | +13.7% |
| Tangible fixed assets | 22/27 | €398,049 | €357,485 | -€40,564 | -10.2% |
| Land and buildings | 22 | €225,559 | €218,509 | -€7,050 | -3.1% |
| Plant, machinery and equipment | 23 | €141,674 | €122,939 | -€18,735 | -13.2% |
| Furniture and vehicles | 24 | €30,817 | €16,037 | -€14,780 | -48.0% |
| Financial fixed assets | 28 | - | €95,000 | +€95,000 | |
| Current assets | 29/58 | €25,030 | €28,329 | +€3,299 | +13.2% |
| Amounts receivable within one year | 40/41 | - | €1,039 | +€1,039 | |
| Other amounts receivable | 41 | - | €1,039 | +€1,039 | |
| Cash at bank and in hand | 54/58 | €22,176 | €24,498 | +€2,322 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,855 | €2,792 | -€63 | -2.2% |
| Total equity and liabilities | 10/49 | €423,080 | €480,814 | +€57,734 | +13.6% |
| Equity | 10/15 | €107,632 | €91,698 | -€15,934 | -14.8% |
| Contributions | 10/11 | €9,058 | €9,057 | -€1 | 0.0% |
| Reserves | 13 | €98,575 | €82,641 | -€15,934 | -16.2% |
| Non-distributable reserves | 130/1 | €906 | €906 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €906 | €906 | +€0 | 0.0% |
| Distributable reserves | 133 | €97,669 | €81,735 | -€15,934 | -16.3% |
| Amounts payable | 17/49 | €315,447 | €389,116 | +€73,669 | +23.4% |
| Amounts payable after more than one year | 17 | €241,970 | €228,394 | -€13,576 | -5.6% |
| Financial debts | 170/4 | €241,970 | €228,394 | -€13,576 | -5.6% |
| Amounts payable within one year | 42/48 | €73,467 | €160,722 | +€87,255 | +119% |
| Current portion of amounts payable after more than one year | 42 | €14,422 | €13,575 | -€847 | -5.9% |
| Trade debts | 44 | €1,437 | €215 | -€1,222 | -85.0% |
| Suppliers | 440/4 | €1,437 | €215 | -€1,222 | -85.0% |
| Taxes, remuneration and social security | 45 | €2,995 | - | -€2,995 | |
| Taxes | 450/3 | €2,995 | - | -€2,995 | |
| Other amounts payable | 47/48 | €54,614 | €146,932 | +€92,318 | +169% |
| Accrued charges and deferred income | 492/3 | €11 | - | -€11 | |
| Turnover | 70 | - | €56,142 | +€56,142 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €35,471 | +€35,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,660 | €31,810 | -€5,850 | -15.5% |
| Other operating charges | 640/8 | €2,184 | €1,485 | -€699 | -32.0% |
| Gross operating margin | 9900 | €18,703 | €20,671 | +€1,968 | +10.5% |
| Operating profit (loss) | 9901 | -€21,142 | -€12,624 | +€8,518 | +40.3% |
| Financial income | 75/76B | €1 | €575 | +€574 | +75,558% |
| Recurring financial income | 75 | €1 | €575 | +€574 | +75,558% |
| Financial charges | 65/66B | €4,715 | €3,884 | -€831 | -17.6% |
| Recurring financial charges | 65 | €4,715 | €3,884 | -€831 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,856 | -€15,933 | +€9,923 | +38.4% |
| Income taxes | 67/77 | €0 | €1 | +€1 | +355% |
| Profit (loss) for the period | 9904 | -€25,856 | -€15,934 | +€9,922 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,856 | -€15,934 | +€9,922 | +38.4% |
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 18 October 2026 via checked.be.