PEB Expertise: 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 Expertise
Largest movements
- Receivables within one year +€110,569
up €110,569 (+1,141%), from €9,689 to €120,258
of which Other amounts receivable: +€116,000
- Receivables after one year -€65,000
no longer reported in 2025 (was €65,000)
- Cash -€21,700
down €21,700 (-83.9%), from €25,857 to €4,157
mainly Receivables within one year (-€110,569) and Investment in fixed assets (net) (-€4,974)
- Tangible fixed assets -€5,387
down €5,387 (-20.6%), from €26,215 to €20,828
of which Furniture and vehicles: -€2,702
- Deferred charges and accrued income -€2,069
down €2,069 (-37.8%), from €5,468 to €3,398
- Other debts +€19,933
up €19,933 (+1,454%), from €1,370 to €21,304
- Trade debts -€2,337
down €2,337 (-70.6%), from €3,310 to €973
- Profit (loss) carried forward -€2,158
down €2,158 (-2.6%), from €83,365 to €81,207
- Tax, wage and social debts +€2,035
up €2,035 (+150%), from €1,358 to €3,392
of which Remuneration and social security: +€1,955
- Gross operating margin -€11,920
down €11,920 (-56.4%), from €21,135 to €9,216
- Taxes -€2,645
no longer reported in 2025 (was €2,645)
- Financial income -€1,291
down €1,291 (-67.0%), from €1,926 to €635
- Depreciation +€270
up €270 (+2.7%), from €10,091 to €10,361
- Other operating charges -€248
down €248 (-30.9%), from €804 to €555
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 | €132,229 | €148,641 | +€16,412 | +12.4% |
| Fixed assets | 21/28 | €26,215 | €20,828 | -€5,387 | -20.6% |
| Tangible fixed assets | 22/27 | €26,215 | €20,828 | -€5,387 | -20.6% |
| Plant, machinery and equipment | 23 | €5,205 | €3,137 | -€2,068 | -39.7% |
| Furniture and vehicles | 24 | €15,718 | €13,016 | -€2,702 | -17.2% |
| Other tangible fixed assets | 26 | €5,292 | €4,675 | -€617 | -11.7% |
| Current assets | 29/58 | €106,014 | €127,813 | +€21,799 | +20.6% |
| Amounts receivable after more than one year | 29 | €65,000 | - | -€65,000 | |
| Trade receivables | 290 | €65,000 | - | -€65,000 | |
| Amounts receivable within one year | 40/41 | €9,689 | €120,258 | +€110,569 | +1,141% |
| Trade receivables | 40 | €8,034 | €2,603 | -€5,431 | -67.6% |
| Other amounts receivable | 41 | €1,655 | €117,655 | +€116,000 | +7,010% |
| Cash at bank and in hand | 54/58 | €25,857 | €4,157 | -€21,700 | -83.9% |
| Deferred charges and accrued income | 490/1 | €5,468 | €3,398 | -€2,069 | -37.8% |
| Total equity and liabilities | 10/49 | €132,229 | €148,641 | +€16,412 | +12.4% |
| Equity | 10/15 | €124,867 | €122,708 | -€2,158 | -1.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €21,050 | €21,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,050 | - | -€21,050 | |
| Distributable reserves | 133 | - | €21,050 | +€21,050 | |
| Profit (loss) carried forward | 14 | €83,365 | €81,207 | -€2,158 | -2.6% |
| Amounts payable | 17/49 | €7,362 | €25,933 | +€18,570 | +252% |
| Amounts payable within one year | 42/48 | €6,038 | €25,669 | +€19,631 | +325% |
| Trade debts | 44 | €3,310 | €973 | -€2,337 | -70.6% |
| Suppliers | 440/4 | €3,310 | €973 | -€2,337 | -70.6% |
| Taxes, remuneration and social security | 45 | €1,358 | €3,392 | +€2,035 | +150% |
| Taxes | 450/3 | €1,358 | €1,438 | +€80 | +5.9% |
| Remuneration and social security | 454/9 | - | €1,955 | +€1,955 | |
| Other amounts payable | 47/48 | €1,370 | €21,304 | +€19,933 | +1,454% |
| Accrued charges and deferred income | 492/3 | €1,325 | €264 | -€1,061 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,091 | €10,361 | +€270 | +2.7% |
| Other operating charges | 640/8 | €804 | €555 | -€248 | -30.9% |
| Gross operating margin | 9900 | €21,135 | €9,216 | -€11,920 | -56.4% |
| Operating profit (loss) | 9901 | €10,241 | -€1,701 | -€11,942 | |
| Financial income | 75/76B | €1,926 | €635 | -€1,291 | -67.0% |
| Recurring financial income | 75 | €1,926 | €635 | -€1,291 | -67.0% |
| Financial charges | 65/66B | €904 | €1,093 | +€189 | +21.0% |
| Recurring financial charges | 65 | €904 | €1,093 | +€189 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €11,263 | -€2,158 | -€13,422 | |
| Income taxes | 67/77 | €2,645 | - | -€2,645 | |
| Profit (loss) for the period | 9904 | €8,618 | -€2,158 | -€10,777 | |
| Transfer from tax-exempt reserves | 789 | - | €21,050 | +€21,050 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,618 | €18,892 | +€10,273 | +119% |
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 21 October 2026 via checked.be.