APPLICATION SOFTWARE ENGINEERING PEC: 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.
APPLICATION SOFTWARE ENGINEERING PEC
Largest movements
- Cash +€996,803
up €996,803 (+520.7%), from €191,437 to €1.2m
mainly Current investments (+€900,000) and Deferred charges and accrued income (+€45,612)
- Current investments -€900,000
no longer reported in 2024 (was €900,000)
- Deferred charges and accrued income -€45,612
down €45,612 (-99.9%), from €45,654 to €42
- Receivables within one year +€39,984
up €39,984 (+76.6%), from €52,208 to €92,192
of which Trade receivables: +€73,327
- Trade debts +€39,865
up €39,865 (+4706.6%), from €847 to €40,712
- Reserves +€21,288
up €21,288 (+14.8%), from €144,274 to €165,562
of which Distributable reserves: +€23,163
- Tax, wage and social debts +€15,042
up €15,042 (+154.6%), from €9,730 to €24,772
of which Taxes: +€12,042
- Gross operating margin -€23,028
down €23,028 (-49.2%), from €46,844 to €23,816
- Financial income +€14,533
up €14,533 (+809.6%), from €1,795 to €16,328
- Taxes +€985
up €985 (+6.8%), from €14,405 to €15,390
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,196,203 | €1,284,378 | +€88,175 | +7.4% |
| Fixed assets | 21/28 | €6,904 | €3,904 | -€3,000 | -43.5% |
| Tangible fixed assets | 22/27 | €6,904 | €3,904 | -€3,000 | -43.5% |
| Furniture and vehicles | 24 | €6,904 | €3,904 | -€3,000 | -43.5% |
| Current assets | 29/58 | €1,189,299 | €1,280,474 | +€91,175 | +7.7% |
| Amounts receivable within one year | 40/41 | €52,208 | €92,192 | +€39,984 | +76.6% |
| Trade receivables | 40 | - | €73,327 | +€73,327 | |
| Other amounts receivable | 41 | €52,208 | €18,865 | -€33,343 | -63.9% |
| Current investments | 50/53 | €900,000 | - | -€900,000 | |
| Cash at bank and in hand | 54/58 | €191,437 | €1,188,240 | +€996,803 | +520.7% |
| Deferred charges and accrued income | 490/1 | €45,654 | €42 | -€45,612 | -99.9% |
| Total equity and liabilities | 10/49 | €1,196,203 | €1,284,378 | +€88,175 | +7.4% |
| Equity | 10/15 | €737,510 | €758,798 | +€21,288 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,274 | €165,562 | +€21,288 | +14.8% |
| Non-distributable reserves | 130/1 | €1,875 | - | -€1,875 | |
| Reserves not available under the articles | 1311 | €1,875 | - | -€1,875 | |
| Distributable reserves | 133 | €142,399 | €165,562 | +€23,163 | +16.3% |
| Profit (loss) carried forward | 14 | €574,636 | €574,636 | = | 0.0% |
| Amounts payable | 17/49 | €458,693 | €525,580 | +€66,887 | +14.6% |
| Amounts payable within one year | 42/48 | €458,693 | €525,580 | +€66,887 | +14.6% |
| Trade debts | 44 | €847 | €40,712 | +€39,865 | +4706.6% |
| Suppliers | 440/4 | €847 | €40,712 | +€39,865 | +4706.6% |
| Taxes, remuneration and social security | 45 | €9,730 | €24,772 | +€15,042 | +154.6% |
| Taxes | 450/3 | €9,730 | €21,772 | +€12,042 | +123.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €448,116 | €460,096 | +€11,980 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €3,000 | = | 0.0% |
| Other operating charges | 640/8 | €295 | €305 | +€10 | +3.4% |
| Gross operating margin | 9900 | €46,844 | €23,816 | -€23,028 | -49.2% |
| Operating profit (loss) | 9901 | €43,549 | €20,511 | -€23,038 | -52.9% |
| Financial income | 75/76B | €1,795 | €16,328 | +€14,533 | +809.6% |
| Recurring financial income | 75 | €1,795 | €16,328 | +€14,533 | +809.6% |
| Financial charges | 65/66B | €181 | €161 | -€20 | -11.0% |
| Recurring financial charges | 65 | €181 | €161 | -€20 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €45,163 | €36,678 | -€8,485 | -18.8% |
| Income taxes | 67/77 | €14,405 | €15,390 | +€985 | +6.8% |
| Profit (loss) for the period | 9904 | €30,758 | €21,288 | -€9,470 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,758 | €21,288 | -€9,470 | -30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.