Pease Associates: 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.
Pease Associates
Largest movements
- Cash +€145,596
up €145,596 (+71.2%), from €204,467 to €350,063
mainly Net result for the year (+€102,935) and Tax, wage and social debts (+€35,600)
- Tangible fixed assets -€5,545
down €5,545 (-30.3%), from €18,319 to €12,774
of which Furniture and vehicles: -€6,447
- Reserves +€102,935
new in 2025: €102,935
- Tax, wage and social debts +€35,600
up €35,600 (+52.0%), from €68,415 to €104,016
of which Taxes: +€38,630
- Gross operating margin -€73,851
down €73,851 (-32.7%), from €225,635 to €151,783
- Taxes -€9,126
down €9,126 (-17.7%), from €51,584 to €42,458
- Depreciation +€4,868
up €4,868 (+307.8%), from €1,581 to €6,449
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 | €242,576 | €380,219 | +€137,643 | +56.7% |
| Fixed assets | 21/28 | €18,319 | €12,774 | -€5,545 | -30.3% |
| Tangible fixed assets | 22/27 | €18,319 | €12,774 | -€5,545 | -30.3% |
| Plant, machinery and equipment | 23 | - | €902 | +€902 | |
| Furniture and vehicles | 24 | €18,319 | €11,872 | -€6,447 | -35.2% |
| Current assets | 29/58 | €224,258 | €367,446 | +€143,188 | +63.8% |
| Amounts receivable within one year | 40/41 | €19,058 | €16,438 | -€2,620 | -13.7% |
| Trade receivables | 40 | €19,058 | €12,705 | -€6,353 | -33.3% |
| Other amounts receivable | 41 | - | €3,733 | +€3,733 | |
| Cash at bank and in hand | 54/58 | €204,467 | €350,063 | +€145,596 | +71.2% |
| Deferred charges and accrued income | 490/1 | €733 | €944 | +€211 | +28.8% |
| Total equity and liabilities | 10/49 | €242,576 | €380,219 | +€137,643 | +56.7% |
| Equity | 10/15 | €172,644 | €275,579 | +€102,935 | +59.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €102,935 | +€102,935 | |
| Distributable reserves | 133 | - | €102,935 | +€102,935 | |
| Profit (loss) carried forward | 14 | €171,644 | €171,644 | = | 0.0% |
| Amounts payable | 17/49 | €69,932 | €104,640 | +€34,708 | +49.6% |
| Amounts payable within one year | 42/48 | €69,932 | €104,640 | +€34,708 | +49.6% |
| Trade debts | 44 | €1,175 | €624 | -€550 | -46.9% |
| Suppliers | 440/4 | €1,175 | €624 | -€550 | -46.9% |
| Taxes, remuneration and social security | 45 | €68,415 | €104,016 | +€35,600 | +52.0% |
| Taxes | 450/3 | €65,386 | €104,016 | +€38,630 | +59.1% |
| Remuneration and social security | 454/9 | €3,030 | - | -€3,030 | |
| Other amounts payable | 47/48 | €342 | - | -€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,581 | €6,449 | +€4,868 | +307.8% |
| Other operating charges | 640/8 | €772 | - | -€772 | |
| Gross operating margin | 9900 | €225,635 | €151,783 | -€73,851 | -32.7% |
| Operating profit (loss) | 9901 | €223,282 | €145,334 | -€77,948 | -34.9% |
| Financial income | 75/76B | €0 | €102 | +€102 | +50870.0% |
| Recurring financial income | 75 | €0 | €102 | +€102 | +50870.0% |
| Financial charges | 65/66B | €53 | €42 | -€11 | -20.4% |
| Recurring financial charges | 65 | €53 | €42 | -€11 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €223,228 | €145,393 | -€77,835 | -34.9% |
| Income taxes | 67/77 | €51,584 | €42,458 | -€9,126 | -17.7% |
| Profit (loss) for the period | 9904 | €171,644 | €102,935 | -€68,709 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €171,644 | €102,935 | -€68,709 | -40.0% |
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 12 October 2026 via checked.be.