PE Designs: what changed
What changed
PE Designs
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€749,758
2024 · €257,501+€492,257
Equity
€159,187
2024 · €119,429+€39,758
Cash
€341,889
2024 · €411,350-€69,461
Balance sheet total
€1.1m
2024 · €547,428+€526,050
Largest movements
Assets
- Receivables within one year +€595,495
up €595,495 (+456%), from €130,677 to €726,172
of which Trade receivables: +€549,504
- Cash -€69,461
down €69,461 (-16.9%), from €411,350 to €341,889
mainly Contributions, distributions and other (-€710,000) and Receivables within one year (-€595,495)
Equity and liabilities
- Other debts +€431,731
up €431,731 (+113%), from €381,373 to €813,104
- Reserves +€39,758
up €39,758 (+33.7%), from €117,929 to €157,687
- Tax, wage and social debts +€35,805
up €35,805 (+90.8%), from €39,414 to €75,219
- Trade debts +€18,756
up €18,756 (+419%), from €4,476 to €23,233
Income statement
- Gross operating margin +€654,374
up €654,374 (+188%), from €348,700 to €1.0m
- Taxes +€157,548
up €157,548 (+180%), from €87,478 to €245,026
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.
Result 2024
€257,501
Gross operating margin
+€654,374
Depreciation
-€160
Other operating charges
-€1,061
Other operating items
+€186
Financial income
-€6,328
Financial charges
+€2,792
Taxes
-€157,548
Result 2025
€749,758
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€642,236
Investment
-€1,697
Financing
-€710,000
Cash 2024
€411,350
From operations (derived)
+€642,236
Net result for the year
+€749,758
Depreciation
+€1,807
Receivables within one year
-€595,495
Deferred charges and accrued income
-€126
Trade debts
+€18,756
Tax, wage and social debts
+€35,805
Other debts
+€431,731
Investment (derived)
-€1,697
Investment in fixed assets (net)
-€1,697
Financing
-€710,000
Contributions, distributions and other
-€710,000
Cash 2025
€341,889
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,428 | €1,073,478 | +€526,050 | +96.1% |
| Fixed assets | 21/28 | €5,344 | €5,234 | -€110 | -2.1% |
| Tangible fixed assets | 22/27 | €5,344 | €5,234 | -€110 | -2.1% |
| Land and buildings | 22 | €1,583 | €1,492 | -€91 | -5.7% |
| Plant, machinery and equipment | 23 | €2,271 | €3,519 | +€1,247 | +54.9% |
| Furniture and vehicles | 24 | €1,490 | €223 | -€1,267 | -85.0% |
| Current assets | 29/58 | €542,084 | €1,068,244 | +€526,160 | +97.1% |
| Amounts receivable within one year | 40/41 | €130,677 | €726,172 | +€595,495 | +456% |
| Trade receivables | 40 | €130,034 | €679,537 | +€549,504 | +423% |
| Other amounts receivable | 41 | €643 | €46,635 | +€45,992 | +7,149% |
| Cash at bank and in hand | 54/58 | €411,350 | €341,889 | -€69,461 | -16.9% |
| Deferred charges and accrued income | 490/1 | €57 | €183 | +€126 | +221% |
| Total equity and liabilities | 10/49 | €547,428 | €1,073,478 | +€526,050 | +96.1% |
| Equity | 10/15 | €119,429 | €159,187 | +€39,758 | +33.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €117,929 | €157,687 | +€39,758 | +33.7% |
| Distributable reserves | 133 | €117,929 | €157,687 | +€39,758 | +33.7% |
| Amounts payable | 17/49 | €427,999 | €914,291 | +€486,292 | +114% |
| Amounts payable within one year | 42/48 | €425,263 | €911,555 | +€486,292 | +114% |
| Trade debts | 44 | €4,476 | €23,233 | +€18,756 | +419% |
| Suppliers | 440/4 | €4,476 | €23,233 | +€18,756 | +419% |
| Taxes, remuneration and social security | 45 | €39,414 | €75,219 | +€35,805 | +90.8% |
| Taxes | 450/3 | €39,414 | €75,219 | +€35,805 | +90.8% |
| Other amounts payable | 47/48 | €381,373 | €813,104 | +€431,731 | +113% |
| Accrued charges and deferred income | 492/3 | €2,736 | €2,736 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,647 | €1,807 | +€160 | +9.7% |
| Other operating charges | 640/8 | €1,199 | €2,261 | +€1,061 | +88.5% |
| Non-recurring operating charges | 66A | - | -€186 | -€186 | |
| Gross operating margin | 9900 | €348,700 | €1,003,075 | +€654,374 | +188% |
| Operating profit (loss) | 9901 | €345,854 | €999,193 | +€653,340 | +189% |
| Financial income | 75/76B | €7,390 | €1,062 | -€6,328 | -85.6% |
| Recurring financial income | 75 | €7,390 | €1,062 | -€6,328 | -85.6% |
| Financial charges | 65/66B | €8,265 | €5,473 | -€2,792 | -33.8% |
| Recurring financial charges | 65 | €8,265 | €5,473 | -€2,792 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €344,979 | €994,783 | +€649,805 | +188% |
| Income taxes | 67/77 | €87,478 | €245,026 | +€157,548 | +180% |
| Profit (loss) for the period | 9904 | €257,501 | €749,758 | +€492,257 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €257,501 | €749,758 | +€492,257 | +191% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.