Pyzo: what changed
What changed
Pyzo
filed annual accounts (NBB)
Net result for the year
€84,803
2024 · €91,475-€6,671
Equity
€253,342
2024 · €168,539+€84,803
Cash
€112,198
2024 · €72,595+€39,604
Balance sheet total
€302,154
2024 · €221,585+€80,569
Largest movements
Assets
- Receivables within one year +€51,821
up €51,821 (+79.6%), from €65,129 to €116,950
- Cash +€39,604
up €39,604 (+54.6%), from €72,595 to €112,198
mainly Net result for the year (+€84,803) and Depreciation (+€13,021)
- Tangible fixed assets -€11,522
down €11,522 (-13.7%), from €83,862 to €72,340
of which Furniture and vehicles: -€10,326
Equity and liabilities
- Reserves +€84,803
up €84,803 (+57.1%), from €148,539 to €233,342
Income statement
- Depreciation +€8,943
up €8,943 (+219%), from €4,078 to €13,021
- Other operating charges -€3,835
down €3,835 (-57.0%), from €6,725 to €2,890
- Gross operating margin -€3,677
down €3,677 (-2.7%), from €135,685 to €132,008
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€91,475
Gross operating margin
-€3,677
Depreciation
-€8,943
Other operating charges
+€3,835
Financial income
+€1,226
Financial charges
+€356
Taxes
+€531
Result 2025
€84,803
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€41,103
Investment
-€1,499
Financing
€0
Cash 2024
€72,595
From operations (derived)
+€41,103
Net result for the year
+€84,803
Depreciation
+€13,021
Receivables within one year
-€51,821
Deferred charges and accrued income
-€666
Trade debts
-€283
Tax, wage and social debts
-€531
Advances received
-€3,000
Accrued charges and deferred income
-€420
Investment (derived)
-€1,499
Investment in fixed assets (net)
-€1,499
Cash 2025
€112,198
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €221,585 | €302,154 | +€80,569 | +36.4% |
| Fixed assets | 21/28 | €83,862 | €72,340 | -€11,522 | -13.7% |
| Tangible fixed assets | 22/27 | €83,862 | €72,340 | -€11,522 | -13.7% |
| Land and buildings | 22 | €32,079 | €30,065 | -€2,015 | -6.3% |
| Plant, machinery and equipment | 23 | €521 | €1,339 | +€818 | +157% |
| Furniture and vehicles | 24 | €51,262 | €40,936 | -€10,326 | -20.1% |
| Current assets | 29/58 | €137,723 | €229,814 | +€92,091 | +66.9% |
| Amounts receivable within one year | 40/41 | €65,129 | €116,950 | +€51,821 | +79.6% |
| Other amounts receivable | 41 | €65,129 | €116,950 | +€51,821 | +79.6% |
| Cash at bank and in hand | 54/58 | €72,595 | €112,198 | +€39,604 | +54.6% |
| Deferred charges and accrued income | 490/1 | - | €666 | +€666 | |
| Total equity and liabilities | 10/49 | €221,585 | €302,154 | +€80,569 | +36.4% |
| Equity | 10/15 | €168,539 | €253,342 | +€84,803 | +50.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €148,539 | €233,342 | +€84,803 | +57.1% |
| Distributable reserves | 133 | €148,539 | €233,342 | +€84,803 | +57.1% |
| Amounts payable | 17/49 | €53,046 | €48,812 | -€4,234 | -8.0% |
| Amounts payable within one year | 42/48 | €52,626 | €48,812 | -€3,814 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €12,515 | €12,515 | = | 0.0% |
| Trade debts | 44 | €283 | - | -€283 | |
| Suppliers | 440/4 | €283 | - | -€283 | |
| Advances received on contracts in progress | 46 | €3,000 | - | -€3,000 | |
| Taxes, remuneration and social security | 45 | €36,828 | €36,297 | -€531 | -1.4% |
| Taxes | 450/3 | €36,828 | €36,297 | -€531 | -1.4% |
| Accrued charges and deferred income | 492/3 | €420 | - | -€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,078 | €13,021 | +€8,943 | +219% |
| Other operating charges | 640/8 | €6,725 | €2,890 | -€3,835 | -57.0% |
| Gross operating margin | 9900 | €135,685 | €132,008 | -€3,677 | -2.7% |
| Operating profit (loss) | 9901 | €124,882 | €116,098 | -€8,784 | -7.0% |
| Financial income | 75/76B | €3,918 | €5,143 | +€1,226 | +31.3% |
| Recurring financial income | 75 | €3,918 | €5,143 | +€1,226 | +31.3% |
| Financial charges | 65/66B | €497 | €141 | -€356 | -71.6% |
| Recurring financial charges | 65 | €497 | €141 | -€356 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €128,303 | €121,100 | -€7,203 | -5.6% |
| Income taxes | 67/77 | €36,828 | €36,297 | -€531 | -1.4% |
| Profit (loss) for the period | 9904 | €91,475 | €84,803 | -€6,671 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,475 | €84,803 | -€6,671 | -7.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.