PEAN: 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.
PEAN
Largest movements
- Tangible fixed assets +€11,461
up €11,461 (+19.0%), from €60,385 to €71,846
of which Land and buildings: +€8,372
- Cash +€4,440
up €4,440 (+11.0%), from €40,437 to €44,877
mainly Depreciation (+€19,867) and Net result for the year (+€14,911)
- Deferred charges and accrued income +€3,012
up €3,012 (+171.3%), from €1,759 to €4,770
- Reserves +€14,911
up €14,911 (+23.4%), from €63,624 to €78,535
of which Distributable reserves: +€14,911
- Trade debts +€1,639
up €1,639 (+18.0%), from €9,109 to €10,748
- Tax, wage and social debts +€1,596
up €1,596 (+10.2%), from €15,709 to €17,305
of which Remuneration and social security: +€1,421
- Staff costs +€20,745
up €20,745 (+39.9%), from €51,962 to €72,706
- Gross operating margin +€14,291
up €14,291 (+14.1%), from €101,466 to €115,756
- Depreciation +€5,301
up €5,301 (+36.4%), from €14,566 to €19,867
- Taxes -€2,804
down €2,804 (-34.7%), from €8,071 to €5,267
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 | €111,763 | €129,978 | +€18,215 | +16.3% |
| Fixed assets | 21/28 | €60,385 | €71,846 | +€11,461 | +19.0% |
| Tangible fixed assets | 22/27 | €60,385 | €71,846 | +€11,461 | +19.0% |
| Land and buildings | 22 | €11,538 | €19,911 | +€8,372 | +72.6% |
| Plant, machinery and equipment | 23 | €45,754 | €50,304 | +€4,550 | +9.9% |
| Furniture and vehicles | 24 | €3,093 | €1,631 | -€1,461 | -47.2% |
| Current assets | 29/58 | €51,378 | €58,132 | +€6,754 | +13.1% |
| Stocks and contracts in progress | 3 | €3,279 | €3,498 | +€219 | +6.7% |
| Stocks | 30/36 | €3,279 | €3,498 | +€219 | +6.7% |
| Amounts receivable within one year | 40/41 | €5,903 | €4,987 | -€916 | -15.5% |
| Trade receivables | 40 | €5,903 | €1,754 | -€4,149 | -70.3% |
| Other amounts receivable | 41 | - | €3,233 | +€3,233 | |
| Cash at bank and in hand | 54/58 | €40,437 | €44,877 | +€4,440 | +11.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €4,770 | +€3,012 | +171.3% |
| Total equity and liabilities | 10/49 | €111,763 | €129,978 | +€18,215 | +16.3% |
| Equity | 10/15 | €82,224 | €97,135 | +€14,911 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,624 | €78,535 | +€14,911 | +23.4% |
| Tax-exempt reserves | 132 | €7,045 | €7,045 | = | 0.0% |
| Distributable reserves | 133 | €56,579 | €71,490 | +€14,911 | +26.4% |
| Amounts payable | 17/49 | €29,539 | €32,843 | +€3,304 | +11.2% |
| Amounts payable within one year | 42/48 | €29,539 | €32,843 | +€3,304 | +11.2% |
| Trade debts | 44 | €9,109 | €10,748 | +€1,639 | +18.0% |
| Suppliers | 440/4 | €9,109 | €10,748 | +€1,639 | +18.0% |
| Taxes, remuneration and social security | 45 | €15,709 | €17,305 | +€1,596 | +10.2% |
| Taxes | 450/3 | €6,425 | €6,600 | +€175 | +2.7% |
| Remuneration and social security | 454/9 | €9,284 | €10,706 | +€1,421 | +15.3% |
| Other amounts payable | 47/48 | €4,721 | €4,789 | +€69 | +1.5% |
| Remuneration, social security and pensions | 62 | €51,962 | €72,706 | +€20,745 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,566 | €19,867 | +€5,301 | +36.4% |
| Other operating charges | 640/8 | €1,208 | €1,125 | -€83 | -6.9% |
| Non-recurring operating charges | 66A | €21 | - | -€21 | |
| Gross operating margin | 9900 | €101,466 | €115,756 | +€14,291 | +14.1% |
| Operating profit (loss) | 9901 | €33,709 | €22,059 | -€11,650 | -34.6% |
| Financial income | 75/76B | €8 | €10 | +€3 | +33.4% |
| Recurring financial income | 75 | €8 | €10 | +€3 | +33.4% |
| Financial charges | 65/66B | €2,103 | €1,891 | -€212 | -10.1% |
| Recurring financial charges | 65 | €2,103 | €1,891 | -€212 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €31,614 | €20,178 | -€11,436 | -36.2% |
| Income taxes | 67/77 | €8,071 | €5,267 | -€2,804 | -34.7% |
| Profit (loss) for the period | 9904 | €23,543 | €14,911 | -€8,632 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,543 | €14,911 | -€8,632 | -36.7% |
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 4 October 2026 via checked.be.