P EN R SERVICES: 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.
P EN R SERVICES
Largest movements
- Receivables within one year -€2,562
down €2,562 (-87.8%), from €2,918 to €356
of which Trade receivables: -€2,902
- Profit (loss) carried forward -€21,049
down €21,049 (-44.7%), from -€47,065 to -€68,114
- Other debts +€13,810
up €13,810 (+52.1%), from €26,491 to €40,301
- Trade debts +€4,351
up €4,351 (+185%), from €2,351 to €6,702
- Tax, wage and social debts +€174
up €174 (+16.8%), from €1,038 to €1,212
- Short-term financial debts +€124
new in 2025: €124
- Gross operating margin -€26,862
down €26,862, from €6,961 to -€19,901
- Provisions -€12,909
no longer reported in 2025 (was €12,909)
- Other operating charges -€570
down €570 (-56.7%), from €1,005 to €435
- Taxes +€201
up €201 (+147%), from €137 to €338
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 | €3,266 | €676 | -€2,590 | -79.3% |
| Fixed assets | 21/28 | €320 | €320 | = | 0.0% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €2,946 | €356 | -€2,590 | -87.9% |
| Amounts receivable within one year | 40/41 | €2,918 | €356 | -€2,562 | -87.8% |
| Trade receivables | 40 | €2,918 | €16 | -€2,902 | -99.5% |
| Other amounts receivable | 41 | - | €340 | +€340 | |
| Cash at bank and in hand | 54/58 | €28 | - | -€28 | |
| Total equity and liabilities | 10/49 | €3,266 | €676 | -€2,590 | -79.3% |
| Equity | 10/15 | -€26,614 | -€47,663 | -€21,049 | -79.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,065 | -€68,114 | -€21,049 | -44.7% |
| Amounts payable | 17/49 | €29,880 | €48,339 | +€18,459 | +61.8% |
| Amounts payable within one year | 42/48 | €29,880 | €48,339 | +€18,459 | +61.8% |
| Financial debts | 43 | - | €124 | +€124 | |
| Credit institutions | 430/8 | - | €124 | +€124 | |
| Trade debts | 44 | €2,351 | €6,702 | +€4,351 | +185% |
| Suppliers | 440/4 | €2,351 | €6,702 | +€4,351 | +185% |
| Taxes, remuneration and social security | 45 | €1,038 | €1,212 | +€174 | +16.8% |
| Taxes | 450/3 | €1,038 | €1,212 | +€174 | +16.8% |
| Other amounts payable | 47/48 | €26,491 | €40,301 | +€13,810 | +52.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,909 | - | -€12,909 | |
| Other operating charges | 640/8 | €1,005 | €435 | -€570 | -56.7% |
| Gross operating margin | 9900 | €6,961 | -€19,901 | -€26,862 | |
| Operating profit (loss) | 9901 | -€6,953 | -€20,336 | -€13,383 | -192% |
| Financial charges | 65/66B | €267 | €375 | +€108 | +40.4% |
| Recurring financial charges | 65 | €267 | €375 | +€108 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,220 | -€20,711 | -€13,491 | -187% |
| Income taxes | 67/77 | €137 | €338 | +€201 | +147% |
| Profit (loss) for the period | 9904 | -€7,357 | -€21,049 | -€13,692 | -186% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,357 | -€21,049 | -€13,692 | -186% |
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 18 October 2026 via checked.be.