PEAC 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.
PEAC MANAGEMENT
Largest movements
- Receivables within one year +€46,394
up €46,394 (+146.1%), from €31,758 to €78,151
of which Other amounts receivable: +€52,444
- Cash -€39,914
down €39,914 (-42.0%), from €95,055 to €55,141
mainly Receivables within one year (-€46,394) and Investment in fixed assets (net) (-€25,000)
- Tangible fixed assets +€23,750
new in 2025: €23,750
- Reserves +€26,150
up €26,150 (+53.7%), from €48,730 to €74,880
- Tax, wage and social debts +€2,676
up €2,676 (+59.8%), from €4,475 to €7,151
- Taxes -€6,935
down €6,935 (-48.9%), from €14,189 to €7,254
- Gross operating margin +€3,755
up €3,755 (+13.5%), from €27,769 to €31,524
- Financial income +€2,626
up €2,626 (+142.1%), from €1,848 to €4,474
of which Non-recurring financial income: +€2,610
- Depreciation +€1,250
new in 2025: €1,250
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 | €127,341 | €158,372 | +€31,031 | +24.4% |
| Fixed assets | 21/28 | - | €23,750 | +€23,750 | |
| Tangible fixed assets | 22/27 | - | €23,750 | +€23,750 | |
| Furniture and vehicles | 24 | - | €23,750 | +€23,750 | |
| Current assets | 29/58 | €127,341 | €134,622 | +€7,281 | +5.7% |
| Amounts receivable within one year | 40/41 | €31,758 | €78,151 | +€46,394 | +146.1% |
| Trade receivables | 40 | €12,100 | €6,050 | -€6,050 | -50.0% |
| Other amounts receivable | 41 | €19,658 | €72,101 | +€52,444 | +266.8% |
| Cash at bank and in hand | 54/58 | €95,055 | €55,141 | -€39,914 | -42.0% |
| Deferred charges and accrued income | 490/1 | €528 | €1,329 | +€801 | +151.6% |
| Total equity and liabilities | 10/49 | €127,341 | €158,372 | +€31,031 | +24.4% |
| Equity | 10/15 | €111,288 | €137,439 | +€26,151 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,730 | €74,880 | +€26,150 | +53.7% |
| Non-distributable reserves | 130/1 | €48,730 | €74,880 | +€26,150 | +53.7% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €46,870 | €73,020 | +€26,150 | +55.8% |
| Profit (loss) carried forward | 14 | €43,958 | €43,959 | +€1 | 0.0% |
| Amounts payable | 17/49 | €16,053 | €20,933 | +€4,880 | +30.4% |
| Amounts payable within one year | 42/48 | €16,053 | €20,258 | +€4,205 | +26.2% |
| Trade debts | 44 | €704 | €2,232 | +€1,529 | +217.2% |
| Suppliers | 440/4 | €704 | €2,232 | +€1,529 | +217.2% |
| Taxes, remuneration and social security | 45 | €4,475 | €7,151 | +€2,676 | +59.8% |
| Taxes | 450/3 | €4,475 | €7,151 | +€2,676 | +59.8% |
| Other amounts payable | 47/48 | €10,875 | €10,875 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €675 | +€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,250 | +€1,250 | |
| Other operating charges | 640/8 | €1,116 | €1,144 | +€28 | +2.5% |
| Gross operating margin | 9900 | €27,769 | €31,524 | +€3,755 | +13.5% |
| Operating profit (loss) | 9901 | €26,653 | €29,130 | +€2,477 | +9.3% |
| Financial income | 75/76B | €1,848 | €4,474 | +€2,626 | +142.1% |
| Recurring financial income | 75 | €326 | €342 | +€16 | +4.8% |
| Non-recurring financial income | 76B | €1,522 | €4,132 | +€2,610 | +171.5% |
| Financial charges | 65/66B | €207 | €200 | -€7 | -3.2% |
| Recurring financial charges | 65 | €207 | €200 | -€7 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €28,295 | €33,404 | +€5,110 | +18.1% |
| Income taxes | 67/77 | €14,189 | €7,254 | -€6,935 | -48.9% |
| Profit (loss) for the period | 9904 | €14,106 | €26,151 | +€12,045 | +85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,106 | €26,151 | +€12,045 | +85.4% |
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 1 October 2026 via checked.be.