PE&C: what changed
PE&C
Largest movements
- Current investments -€100,000
down €100,000 (-66.7%), from €150,000 to €50,000
- Tangible fixed assets +€13,708
up €13,708 (+418%), from €3,276 to €16,985
- Cash +€8,279
up €8,279 (+158%), from €5,239 to €13,518
mainly Current investments (+€100,000) and Receivables within one year (+€5,464)
- Receivables within one year -€5,464
down €5,464 (-27.4%), from €19,941 to €14,476
of which Trade receivables: -€18,375
- Deferred charges and accrued income -€4,032
down €4,032 (-80.5%), from €5,006 to €975
- Other debts -€74,649
down €74,649 (-99.7%), from €74,836 to €187
- Reserves -€6,710
down €6,710 (-8.3%), from €80,498 to €73,789
of which Distributable reserves: -€6,710
- Tax, wage and social debts -€5,236
down €5,236 (-71.0%), from €7,374 to €2,138
- Gross operating margin -€19,071
down €19,071 (-37.9%), from €50,319 to €31,249
- Financial charges -€3,973
down €3,973 (-10.2%), from €38,781 to €34,808
- Taxes -€3,003
down €3,003 (-88.3%), from €3,401 to €398
- Depreciation +€819
up €819 (+182%), from €450 to €1,268
- Other operating charges +€751
up €751 (+62.3%), from €1,206 to €1,956
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €183,463 | €95,954 | -€87,509 | -47.7% |
| Fixed assets | 21/28 | €3,276 | €16,985 | +€13,708 | +418% |
| Tangible fixed assets | 22/27 | €3,276 | €16,985 | +€13,708 | +418% |
| Other tangible fixed assets | 26 | €3,276 | €16,985 | +€13,708 | +418% |
| Current assets | 29/58 | €180,186 | €78,969 | -€101,217 | -56.2% |
| Amounts receivable within one year | 40/41 | €19,941 | €14,476 | -€5,464 | -27.4% |
| Trade receivables | 40 | €19,941 | €1,566 | -€18,375 | -92.1% |
| Other amounts receivable | 41 | €0 | €12,911 | +€12,911 | |
| Current investments | 50/53 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €5,239 | €13,518 | +€8,279 | +158% |
| Deferred charges and accrued income | 490/1 | €5,006 | €975 | -€4,032 | -80.5% |
| Total equity and liabilities | 10/49 | €183,463 | €95,954 | -€87,509 | -47.7% |
| Equity | 10/15 | €99,098 | €92,389 | -€6,710 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,498 | €73,789 | -€6,710 | -8.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,638 | €71,929 | -€6,710 | -8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €84,365 | €3,565 | -€80,799 | -95.8% |
| Amounts payable within one year | 42/48 | €84,082 | €3,294 | -€80,788 | -96.1% |
| Trade debts | 44 | €1,872 | €969 | -€904 | -48.3% |
| Suppliers | 440/4 | €1,872 | €969 | -€904 | -48.3% |
| Taxes, remuneration and social security | 45 | €7,374 | €2,138 | -€5,236 | -71.0% |
| Taxes | 450/3 | €7,374 | €2,138 | -€5,236 | -71.0% |
| Other amounts payable | 47/48 | €74,836 | €187 | -€74,649 | -99.7% |
| Accrued charges and deferred income | 492/3 | €282 | €272 | -€11 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €1,268 | +€819 | +182% |
| Other operating charges | 640/8 | €1,206 | €1,956 | +€751 | +62.3% |
| Gross operating margin | 9900 | €50,319 | €31,249 | -€19,071 | -37.9% |
| Operating profit (loss) | 9901 | €48,664 | €28,024 | -€20,640 | -42.4% |
| Financial income | 75/76B | €531 | €474 | -€58 | -10.9% |
| Recurring financial income | 75 | €531 | €474 | -€58 | -10.9% |
| Financial charges | 65/66B | €38,781 | €34,808 | -€3,973 | -10.2% |
| Recurring financial charges | 65 | €38,781 | €34,808 | -€3,973 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €10,414 | -€6,311 | -€16,726 | |
| Income taxes | 67/77 | €3,401 | €398 | -€3,003 | -88.3% |
| Profit (loss) for the period | 9904 | €7,013 | -€6,710 | -€13,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,013 | -€6,710 | -€13,723 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.