PE & C°: 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 & C°
Largest movements
- Cash +€74,514
up €74,514 (+72.2%), from €103,267 to €177,781
mainly Current investments (+€59,062) and Net result for the year (+€34,415)
- Current investments -€59,062
down €59,062 (-63.2%), from €93,452 to €34,390
- Tangible fixed assets -€17,742
down €17,742 (-2.6%), from €684,727 to €666,985
- Reserves +€34,415
up €34,415 (+9,643%), from €357 to €34,772
- Other debts -€33,773
down €33,773 (-95.7%), from €35,273 to €1,500
- Financial income +€6,961
up €6,961 (+74.0%), from €9,401 to €16,362
- Financial charges +€5,987
up €5,987 (+161%), from €3,712 to €9,699
- Gross operating margin +€2,739
up €2,739 (+4.1%), from €66,181 to €68,920
- Taxes +€2,449
up €2,449 (+20.2%), from €12,139 to €14,587
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 | €892,777 | €898,501 | +€5,724 | +0.6% |
| Fixed assets | 21/28 | €684,727 | €666,985 | -€17,742 | -2.6% |
| Tangible fixed assets | 22/27 | €684,727 | €666,985 | -€17,742 | -2.6% |
| Land and buildings | 22 | €684,727 | €666,985 | -€17,742 | -2.6% |
| Current assets | 29/58 | €208,050 | €231,516 | +€23,466 | +11.3% |
| Amounts receivable within one year | 40/41 | €1,397 | €1,270 | -€127 | -9.1% |
| Other amounts receivable | 41 | €1,397 | €1,270 | -€127 | -9.1% |
| Current investments | 50/53 | €93,452 | €34,390 | -€59,062 | -63.2% |
| Cash at bank and in hand | 54/58 | €103,267 | €177,781 | +€74,514 | +72.2% |
| Deferred charges and accrued income | 490/1 | €9,934 | €18,075 | +€8,141 | +81.9% |
| Total equity and liabilities | 10/49 | €892,777 | €898,501 | +€5,724 | +0.6% |
| Equity | 10/15 | €855,357 | €889,772 | +€34,415 | +4.0% |
| Contributions | 10/11 | €855,000 | €855,000 | = | 0.0% |
| Reserves | 13 | €357 | €34,772 | +€34,415 | +9,643% |
| Distributable reserves | 133 | €357 | €34,772 | +€34,415 | +9,643% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,420 | €8,728 | -€28,692 | -76.7% |
| Amounts payable within one year | 42/48 | €35,421 | €4,679 | -€30,742 | -86.8% |
| Trade debts | 44 | €149 | €0 | -€149 | -100% |
| Suppliers | 440/4 | €149 | €0 | -€149 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €3,179 | +€3,179 | |
| Taxes | 450/3 | €0 | €3,179 | +€3,179 | |
| Other amounts payable | 47/48 | €35,273 | €1,500 | -€33,773 | -95.7% |
| Accrued charges and deferred income | 492/3 | €1,999 | €4,050 | +€2,051 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,742 | €17,742 | = | 0.0% |
| Other operating charges | 640/8 | €8,572 | €8,838 | +€266 | +3.1% |
| Gross operating margin | 9900 | €66,181 | €68,920 | +€2,739 | +4.1% |
| Operating profit (loss) | 9901 | €39,866 | €42,340 | +€2,473 | +6.2% |
| Financial income | 75/76B | €9,401 | €16,362 | +€6,961 | +74.0% |
| Recurring financial income | 75 | €9,401 | €16,362 | +€6,961 | +74.0% |
| Financial charges | 65/66B | €3,712 | €9,699 | +€5,987 | +161% |
| Recurring financial charges | 65 | €3,712 | €9,699 | +€5,987 | +161% |
| Profit (loss) for the period before taxes | 9903 | €45,555 | €49,003 | +€3,448 | +7.6% |
| Income taxes | 67/77 | €12,139 | €14,587 | +€2,449 | +20.2% |
| Profit (loss) for the period | 9904 | €33,416 | €34,415 | +€999 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,416 | €34,415 | +€999 | +3.0% |
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 15 October 2026 via checked.be.