BRUSSELS PEB: 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.
BRUSSELS PEB
Largest movements
- Receivables within one year +€45,902
up €45,902 (+78.5%), from €58,457 to €104,359
of which Other amounts receivable: +€28,117
- Tangible fixed assets -€11,084
down €11,084 (-15.0%), from €73,825 to €62,740
of which Furniture and vehicles: -€7,536
- Cash -€8,297
down €8,297 (-52.4%), from €15,829 to €7,532
mainly Receivables within one year (-€45,902) and Trade debts (-€7,937)
- Profit (loss) carried forward +€43,523
up €43,523 (+42.8%), from €101,699 to €145,222
- Trade debts -€7,937
down €7,937 (-43.8%), from €18,110 to €10,173
- Tax, wage and social debts -€6,815
down €6,815 (-14.5%), from €47,132 to €40,316
of which Taxes: -€4,302
- Turnover -€121,661
no longer reported in 2025 (was €121,661)
- Purchases and services -€28,973
no longer reported in 2025 (was €28,973)
- Taxes -€5,465
down €5,465 (-32.9%), from €16,589 to €11,124
- Gross operating margin -€4,111
down €4,111 (-4.4%), from €92,688 to €88,577
- Depreciation +€2,610
up €2,610 (+20.2%), from €12,937 to €15,547
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.
Cash bridge derived
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 | €168,441 | €196,711 | +€28,271 | +16.8% |
| Formation expenses | 20 | €20 | €20 | = | 0.0% |
| Fixed assets | 21/28 | €94,135 | €83,050 | -€11,084 | -11.8% |
| Tangible fixed assets | 22/27 | €73,825 | €62,740 | -€11,084 | -15.0% |
| Land and buildings | 22 | €22,434 | €20,134 | -€2,300 | -10.3% |
| Furniture and vehicles | 24 | €47,181 | €39,645 | -€7,536 | -16.0% |
| Leasing and similar rights | 25 | €4,209 | €2,961 | -€1,248 | -29.7% |
| Financial fixed assets | 28 | €20,310 | €20,310 | = | 0.0% |
| Current assets | 29/58 | €74,286 | €113,641 | +€39,355 | +53.0% |
| Amounts receivable within one year | 40/41 | €58,457 | €104,359 | +€45,902 | +78.5% |
| Trade receivables | 40 | €49,974 | €67,759 | +€17,785 | +35.6% |
| Other amounts receivable | 41 | €8,483 | €36,600 | +€28,117 | +331.4% |
| Current investments | 50/53 | - | €1,750 | +€1,750 | |
| Cash at bank and in hand | 54/58 | €15,829 | €7,532 | -€8,297 | -52.4% |
| Total equity and liabilities | 10/49 | €168,441 | €196,711 | +€28,271 | +16.8% |
| Equity | 10/15 | €103,199 | €146,222 | +€43,023 | +41.7% |
| Contributions | 10/11 | €1,500 | €1,000 | -€500 | -33.3% |
| Profit (loss) carried forward | 14 | €101,699 | €145,222 | +€43,523 | +42.8% |
| Amounts payable | 17/49 | €65,242 | €50,489 | -€14,753 | -22.6% |
| Amounts payable within one year | 42/48 | €65,242 | €50,489 | -€14,753 | -22.6% |
| Trade debts | 44 | €18,110 | €10,173 | -€7,937 | -43.8% |
| Suppliers | 440/4 | €18,110 | €10,173 | -€7,937 | -43.8% |
| Taxes, remuneration and social security | 45 | €47,132 | €40,316 | -€6,815 | -14.5% |
| Taxes | 450/3 | €42,530 | €38,228 | -€4,302 | -10.1% |
| Remuneration and social security | 454/9 | €4,602 | €2,088 | -€2,513 | -54.6% |
| Turnover | 70 | €121,661 | - | -€121,661 | |
| Non-recurring operating income | 76A | - | €398 | +€398 | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,973 | - | -€28,973 | |
| Remuneration, social security and pensions | 62 | €16,583 | €16,183 | -€400 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,937 | €15,547 | +€2,610 | +20.2% |
| Other operating charges | 640/8 | €894 | €1,572 | +€678 | +75.9% |
| Gross operating margin | 9900 | €92,688 | €88,577 | -€4,111 | -4.4% |
| Operating profit (loss) | 9901 | €62,275 | €55,276 | -€6,999 | -11.2% |
| Financial income | 75/76B | €75 | €112 | +€37 | +49.2% |
| Recurring financial income | 75 | €75 | €112 | +€37 | +49.2% |
| Financial charges | 65/66B | €1,939 | €740 | -€1,199 | -61.8% |
| Recurring financial charges | 65 | €1,939 | €740 | -€1,199 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €60,411 | €54,647 | -€5,764 | -9.5% |
| Income taxes | 67/77 | €16,589 | €11,124 | -€5,465 | -32.9% |
| Profit (loss) for the period | 9904 | €43,821 | €43,523 | -€298 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,821 | €43,523 | -€298 | -0.7% |
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 9 October 2026 via checked.be.