PYZENCO: 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.
PYZENCO
Largest movements
- Receivables within one year +€131,220
up €131,220 (+145%), from €90,360 to €221,580
of which Trade receivables: +€133,300
- Profit (loss) carried forward +€185,829
up €185,829 (+14.4%), from €1.3m to €1.5m
- Debts after one year -€146,690
down €146,690 (-62.8%), from €233,533 to €86,843
- Tax, wage and social debts +€69,722
up €69,722 (+130%), from €53,742 to €123,464
- Staff costs -€10,410
down €10,410 (-97.7%), from €10,660 to €250
- Gross operating margin -€8,565
down €8,565 (-3.1%), from €275,339 to €266,774
- Taxes +€2,901
up €2,901 (+4.3%), from €67,742 to €70,643
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 | €1,804,876 | €1,919,531 | +€114,654 | +6.4% |
| Fixed assets | 21/28 | €1,697,150 | €1,697,150 | = | 0.0% |
| Financial fixed assets | 28 | €1,697,150 | €1,697,150 | = | 0.0% |
| Current assets | 29/58 | €107,726 | €222,381 | +€114,654 | +106% |
| Amounts receivable within one year | 40/41 | €90,360 | €221,580 | +€131,220 | +145% |
| Trade receivables | 40 | €88,280 | €221,580 | +€133,300 | +151% |
| Other amounts receivable | 41 | €2,080 | - | -€2,080 | |
| Cash at bank and in hand | 54/58 | €17,367 | €801 | -€16,566 | -95.4% |
| Total equity and liabilities | 10/49 | €1,804,876 | €1,919,531 | +€114,654 | +6.4% |
| Equity | 10/15 | €1,361,750 | €1,547,579 | +€185,829 | +13.6% |
| Contributions | 10/11 | €65,942 | €65,942 | = | 0.0% |
| Reserves | 13 | €6,594 | €6,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,594 | €6,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,594 | €6,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,289,213 | €1,475,042 | +€185,829 | +14.4% |
| Amounts payable | 17/49 | €443,126 | €371,951 | -€71,175 | -16.1% |
| Amounts payable after more than one year | 17 | €233,533 | €86,843 | -€146,690 | -62.8% |
| Financial debts | 170/4 | €233,533 | €86,843 | -€146,690 | -62.8% |
| Amounts payable within one year | 42/48 | €209,593 | €285,108 | +€75,515 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €155,851 | €161,644 | +€5,793 | +3.7% |
| Taxes, remuneration and social security | 45 | €53,742 | €123,464 | +€69,722 | +130% |
| Taxes | 450/3 | €53,742 | €123,464 | +€69,722 | +130% |
| Remuneration, social security and pensions | 62 | €10,660 | €250 | -€10,410 | -97.7% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €275,339 | €266,774 | -€8,565 | -3.1% |
| Operating profit (loss) | 9901 | €264,291 | €265,526 | +€1,234 | +0.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,920 | €9,053 | +€1,133 | +14.3% |
| Recurring financial charges | 65 | €7,920 | €9,053 | +€1,133 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €256,371 | €256,472 | +€101 | 0.0% |
| Income taxes | 67/77 | €67,742 | €70,643 | +€2,901 | +4.3% |
| Profit (loss) for the period | 9904 | €188,629 | €185,829 | -€2,800 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,629 | €185,829 | -€2,800 | -1.5% |
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 16 October 2026 via checked.be.