PE-BA: 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.
PE-BA
Largest movements
- Tangible fixed assets -€46,153
down €46,153 (-3.5%), from €1.3m to €1.3m
- Cash +€16,376
up €16,376 (+135%), from €12,141 to €28,518
mainly Depreciation (+€46,153) and Receivables within one year (+€4,355)
- Other debts -€18,101
down €18,101 (-6.4%), from €281,190 to €263,089
- Revaluation surpluses -€15,005
down €15,005 (-1.6%), from €915,736 to €900,731
- Gross operating margin -€5,670
down €5,670 (-9.1%), from €62,086 to €56,416
- Financial charges -€685
down €685 (-20.8%), from €3,295 to €2,610
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 | €1,360,993 | €1,326,861 | -€34,132 | -2.5% |
| Fixed assets | 21/28 | €1,332,852 | €1,286,699 | -€46,153 | -3.5% |
| Tangible fixed assets | 22/27 | €1,332,852 | €1,286,699 | -€46,153 | -3.5% |
| Land and buildings | 22 | €1,332,852 | €1,286,699 | -€46,153 | -3.5% |
| Current assets | 29/58 | €28,141 | €40,162 | +€12,021 | +42.7% |
| Amounts receivable within one year | 40/41 | €16,000 | €11,645 | -€4,355 | -27.2% |
| Other amounts receivable | 41 | €16,000 | €11,645 | -€4,355 | -27.2% |
| Cash at bank and in hand | 54/58 | €12,141 | €28,518 | +€16,376 | +135% |
| Total equity and liabilities | 10/49 | €1,360,993 | €1,326,861 | -€34,132 | -2.5% |
| Equity | 10/15 | €895,144 | €898,614 | +€3,470 | +0.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €915,736 | €900,731 | -€15,005 | -1.6% |
| Reserves | 13 | €322,840 | €334,863 | +€12,023 | +3.7% |
| Non-distributable reserves | 130/1 | €12,922 | €12,922 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,922 | €12,922 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,816 | €21,834 | -€2,982 | -12.0% |
| Distributable reserves | 133 | €285,102 | €300,107 | +€15,005 | +5.3% |
| Profit (loss) carried forward | 14 | -€405,405 | -€398,954 | +€6,452 | +1.6% |
| Provisions and deferred taxes | 16 | €8,272 | €7,278 | -€994 | -12.0% |
| Deferred taxes | 168 | €8,272 | €7,278 | -€994 | -12.0% |
| Amounts payable | 17/49 | €457,577 | €420,970 | -€36,607 | -8.0% |
| Amounts payable after more than one year | 17 | €154,369 | €142,627 | -€11,742 | -7.6% |
| Financial debts | 170/4 | €152,779 | €141,037 | -€11,742 | -7.7% |
| Other amounts payable | 178/9 | €1,590 | €1,590 | = | 0.0% |
| Amounts payable within one year | 42/48 | €303,208 | €278,343 | -€24,865 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €17,798 | €11,742 | -€6,057 | -34.0% |
| Trade debts | 44 | €4,220 | €3,512 | -€708 | -16.8% |
| Suppliers | 440/4 | €4,220 | €3,512 | -€708 | -16.8% |
| Other amounts payable | 47/48 | €281,190 | €263,089 | -€18,101 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,880 | €46,153 | +€273 | +0.6% |
| Other operating charges | 640/8 | €5,563 | €5,462 | -€102 | -1.8% |
| Gross operating margin | 9900 | €62,086 | €56,416 | -€5,670 | -9.1% |
| Operating profit (loss) | 9901 | €10,643 | €4,802 | -€5,841 | -54.9% |
| Financial income | 75/76B | - | €284 | +€284 | |
| Recurring financial income | 75 | - | €284 | +€284 | |
| Financial charges | 65/66B | €3,295 | €2,610 | -€685 | -20.8% |
| Recurring financial charges | 65 | €3,295 | €2,610 | -€685 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €7,348 | €2,475 | -€4,872 | -66.3% |
| Transfer from deferred taxes | 780 | €994 | €994 | = | 0.0% |
| Profit (loss) for the period | 9904 | €8,342 | €3,470 | -€4,872 | -58.4% |
| Transfer from tax-exempt reserves | 789 | €2,982 | €2,982 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,324 | €6,452 | -€4,872 | -43.0% |
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 23 October 2026 via checked.be.