PYRAMID: 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.
PYRAMID
Largest movements
- Receivables within one year +€5,142
up €5,142 (+24.3%), from €21,187 to €26,329
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€325
up €325 (+64.7%), from €502 to €827
- Gross operating margin +€59
up €59 (+1.0%), from €5,706 to €5,764
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,673 | €238,770 | +€3,097 | +1.3% |
| Fixed assets | 21/28 | €214,224 | €212,167 | -€2,057 | -1.0% |
| Tangible fixed assets | 22/27 | €214,224 | €212,167 | -€2,057 | -1.0% |
| Land and buildings | 22 | €214,224 | €212,167 | -€2,057 | -1.0% |
| Current assets | 29/58 | €21,449 | €26,603 | +€5,155 | +24.0% |
| Amounts receivable within one year | 40/41 | €21,187 | €26,329 | +€5,142 | +24.3% |
| Other amounts receivable | 41 | €21,187 | €26,329 | +€5,142 | +24.3% |
| Deferred charges and accrued income | 490/1 | €262 | €274 | +€12 | +4.7% |
| Total equity and liabilities | 10/49 | €235,673 | €238,770 | +€3,097 | +1.3% |
| Equity | 10/15 | €235,171 | €237,442 | +€2,271 | +1.0% |
| Contributions | 10/11 | €213,188 | €213,188 | = | 0.0% |
| Capital | 10 | €213,188 | €213,188 | = | 0.0% |
| Issued capital | 100 | €213,188 | €213,188 | = | 0.0% |
| Reserves | 13 | €21,983 | €24,253 | +€2,271 | +10.3% |
| Non-distributable reserves | 130/1 | €21,983 | €21,983 | = | 0.0% |
| Legal reserve | 130 | €21,983 | €21,983 | = | 0.0% |
| Distributable reserves | 133 | - | €2,271 | +€2,271 | |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €502 | €1,328 | +€827 | +165% |
| Amounts payable within one year | 42/48 | €502 | €1,328 | +€827 | +165% |
| Taxes, remuneration and social security | 45 | €502 | €1,328 | +€827 | +165% |
| Taxes | 450/3 | €502 | €1,328 | +€827 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,057 | €2,057 | = | 0.0% |
| Other operating charges | 640/8 | €1,559 | €1,607 | +€48 | +3.1% |
| Gross operating margin | 9900 | €5,706 | €5,764 | +€59 | +1.0% |
| Operating profit (loss) | 9901 | €2,089 | €2,100 | +€11 | +0.5% |
| Financial income | 75/76B | €1,013 | €997 | -€16 | -1.6% |
| Recurring financial income | 75 | €1,013 | €997 | -€16 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €3,103 | €3,097 | -€5 | -0.2% |
| Income taxes | 67/77 | €502 | €827 | +€325 | +64.7% |
| Profit (loss) for the period | 9904 | €2,601 | €2,271 | -€330 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,601 | €2,271 | -€330 | -12.7% |
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.