PEB-EXPERT: 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.
PEB-EXPERT
Largest movements
- Cash +€40,068
up €40,068 (+862%), from €4,648 to €44,716
mainly Investment in fixed assets (net) (+€27,889) and Net result for the year (+€20,253)
- Tangible fixed assets -€28,307
down €28,307 (-98.9%), from €28,630 to €323
- Receivables within one year -€2,558
down €2,558 (-49.2%), from €5,200 to €2,642
- Reserves +€18,456
up €18,456 (+3,691%), from €500 to €18,956
- Other debts -€14,872
down €14,872 (-75.3%), from €19,750 to €4,878
- Tax, wage and social debts +€3,555
up €3,555 (+2,548%), from €140 to €3,694
- Profit (loss) carried forward +€1,797
no longer reported in 2025 (was -€1,797)
- Gross operating margin +€52,665
up €52,665 (+837%), from €6,291 to €58,956
- Depreciation -€9,818
down €9,818 (-95.9%), from €10,237 to €418
- Taxes +€8,555
up €8,555 (+6,132%), from €140 to €8,694
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.
Derived cash bridge
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 | €39,025 | €47,991 | +€8,966 | +23.0% |
| Fixed assets | 21/28 | €28,630 | €323 | -€28,307 | -98.9% |
| Tangible fixed assets | 22/27 | €28,630 | €323 | -€28,307 | -98.9% |
| Furniture and vehicles | 24 | €28,630 | €323 | -€28,307 | -98.9% |
| Current assets | 29/58 | €10,394 | €47,668 | +€37,274 | +359% |
| Amounts receivable within one year | 40/41 | €5,200 | €2,642 | -€2,558 | -49.2% |
| Trade receivables | 40 | €5,200 | €2,642 | -€2,558 | -49.2% |
| Cash at bank and in hand | 54/58 | €4,648 | €44,716 | +€40,068 | +862% |
| Deferred charges and accrued income | 490/1 | €546 | €309 | -€237 | -43.4% |
| Total equity and liabilities | 10/49 | €39,025 | €47,991 | +€8,966 | +23.0% |
| Equity | 10/15 | €18,703 | €38,956 | +€20,253 | +108% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €500 | €18,956 | +€18,456 | +3,691% |
| Distributable reserves | 133 | €500 | €18,956 | +€18,456 | +3,691% |
| Profit (loss) carried forward | 14 | -€1,797 | - | +€1,797 | |
| Amounts payable | 17/49 | €20,322 | €9,035 | -€11,286 | -55.5% |
| Amounts payable within one year | 42/48 | €20,322 | €9,035 | -€11,286 | -55.5% |
| Trade debts | 44 | €432 | €463 | +€31 | +7.3% |
| Suppliers | 440/4 | €432 | €463 | +€31 | +7.3% |
| Taxes, remuneration and social security | 45 | €140 | €3,694 | +€3,555 | +2,548% |
| Taxes | 450/3 | €140 | €3,694 | +€3,555 | +2,548% |
| Other amounts payable | 47/48 | €19,750 | €4,878 | -€14,872 | -75.3% |
| Non-recurring operating income | 76A | - | €49,274 | +€49,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,237 | €418 | -€9,818 | -95.9% |
| Other operating charges | 640/8 | €339 | €380 | +€42 | +12.3% |
| Non-recurring operating charges | 66A | - | €29,014 | +€29,014 | |
| Gross operating margin | 9900 | €6,291 | €58,956 | +€52,665 | +837% |
| Operating profit (loss) | 9901 | -€4,285 | €29,143 | +€33,428 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €45 | €196 | +€151 | +336% |
| Recurring financial charges | 65 | €45 | €196 | +€151 | +336% |
| Profit (loss) for the period before taxes | 9903 | -€4,320 | €28,947 | +€33,266 | |
| Income taxes | 67/77 | €140 | €8,694 | +€8,555 | +6,132% |
| Profit (loss) for the period | 9904 | -€4,459 | €20,253 | +€24,712 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,459 | €20,253 | +€24,712 |
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 17 October 2026 via checked.be.