Pé Management: what changed
Two fiscal 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.
Pé Management
Largest movements
- Cash -€26,536
down €26,536 (-23.5%), from €112,718 to €86,182
mainly Other debts (-€35,000) and Receivables within one year (-€17,108)
- Receivables within one year +€17,108
up €17,108 (+1142.1%), from €1,498 to €18,606
of which Trade receivables: +€14,520
- Tangible fixed assets -€1,751
down €1,751 (-41.4%), from €4,229 to €2,478
of which Other tangible fixed assets: -€888
- Other debts -€35,000
down €35,000 (-87.5%), from €40,000 to €5,000
- Reserves +€30,074
up €30,074 (+47.0%), from €64,051 to €94,124
- Tax, wage and social debts -€6,942
down €6,942 (-73.6%), from €9,435 to €2,494
of which Taxes: -€4,942
- Gross operating margin +€13,457
up €13,457 (+34.5%), from €39,039 to €52,496
- Taxes +€2,492
up €2,492 (+24.1%), from €10,359 to €12,851
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.
Cash bridge derived
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 | €120,422 | €108,431 | -€11,991 | -10.0% |
| Fixed assets | 21/28 | €4,229 | €2,478 | -€1,751 | -41.4% |
| Tangible fixed assets | 22/27 | €4,229 | €2,478 | -€1,751 | -41.4% |
| Plant, machinery and equipment | 23 | €625 | €249 | -€376 | -60.1% |
| Furniture and vehicles | 24 | €1,693 | €1,206 | -€487 | -28.8% |
| Other tangible fixed assets | 26 | €1,911 | €1,023 | -€888 | -46.5% |
| Current assets | 29/58 | €116,194 | €105,953 | -€10,240 | -8.8% |
| Amounts receivable within one year | 40/41 | €1,498 | €18,606 | +€17,108 | +1142.1% |
| Trade receivables | 40 | €0 | €14,520 | +€14,520 | |
| Other amounts receivable | 41 | €1,498 | €4,086 | +€2,588 | +172.8% |
| Cash at bank and in hand | 54/58 | €112,718 | €86,182 | -€26,536 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,978 | €1,166 | -€812 | -41.1% |
| Total equity and liabilities | 10/49 | €120,422 | €108,431 | -€11,991 | -10.0% |
| Equity | 10/15 | €69,051 | €99,124 | +€30,074 | +43.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,051 | €94,124 | +€30,074 | +47.0% |
| Distributable reserves | 133 | €64,051 | €94,124 | +€30,074 | +47.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,372 | €9,307 | -€42,065 | -81.9% |
| Amounts payable within one year | 42/48 | €51,372 | €9,307 | -€42,065 | -81.9% |
| Trade debts | 44 | €1,936 | €1,814 | -€123 | -6.3% |
| Suppliers | 440/4 | €1,936 | €1,814 | -€123 | -6.3% |
| Taxes, remuneration and social security | 45 | €9,435 | €2,494 | -€6,942 | -73.6% |
| Taxes | 450/3 | €7,435 | €2,494 | -€4,942 | -66.5% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €40,000 | €5,000 | -€35,000 | -87.5% |
| Non-recurring operating income | 76A | €5,109 | €0 | -€5,109 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €1,751 | -€66 | -3.7% |
| Other operating charges | 640/8 | €930 | €668 | -€262 | -28.2% |
| Gross operating margin | 9900 | €39,039 | €52,496 | +€13,457 | +34.5% |
| Operating profit (loss) | 9901 | €36,292 | €50,078 | +€13,786 | +38.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,005 | €2,154 | +€149 | +7.4% |
| Recurring financial charges | 65 | €2,005 | €2,154 | +€149 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €34,288 | €47,924 | +€13,637 | +39.8% |
| Income taxes | 67/77 | €10,359 | €12,851 | +€2,492 | +24.1% |
| Profit (loss) for the period | 9904 | €23,928 | €35,074 | +€11,145 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,928 | €35,074 | +€11,145 | +46.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.