PEB FINANCE: what changed
What changed
PEB FINANCE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€59,238
2024 · €90,044-€30,806
Equity
€795,029
2024 · €988,422-€193,393
Cash
€78,040
2024 · €69,155+€8,885
Balance sheet total
€951,251
2024 · €1.1m-€169,068
Largest movements
Assets
- Current investments -€136,644
down €136,644 (-63.3%), from €216,000 to €79,356
- Receivables after one year -€43,611
no longer reported in 2025 (was €43,611)
of which Trade receivables: -€32,037
- Receivables within one year +€31,122
new in 2025: €31,122
- Tangible fixed assets -€28,820
down €28,820 (-3.7%), from €789,053 to €760,233
of which Land and buildings: -€15,280
Equity and liabilities
- Reserves -€193,393
down €193,393 (-24.0%), from €806,219 to €612,826
of which Distributable reserves: -€193,393
- Other debts +€58,826
up €58,826 (+3,565%), from €1,650 to €60,476
- Debts after one year -€27,808
down €27,808 (-33.4%), from €83,147 to €55,339
Income statement
- Gross operating margin -€132,347
down €132,347 (-72.1%), from €183,562 to €51,215
- Financial income +€56,035
new in 2025: €56,035
of which Non-recurring financial income: +€54,249
- Taxes -€28,426
down €28,426 (-68.4%), from €41,575 to €13,149
- Staff costs -€14,970
down €14,970 (-93.8%), from €15,968 to €998
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€90,044
Gross operating margin
-€132,347
Staff costs
+€14,970
Depreciation
+€1,542
Other operating charges
+€387
Financial income
+€56,035
Financial charges
+€181
Taxes
+€28,426
Result 2025
€59,238
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€152,409
Investment
+€136,644
Financing
-€280,168
Cash 2024
€69,155
From operations (derived)
+€152,409
Net result for the year
+€59,238
Depreciation
+€28,820
Receivables after one year
+€43,611
Receivables within one year
-€31,122
Trade debts
-€432
Tax, wage and social debts
-€5,157
Other debts
+€58,826
Accrued charges and deferred income
-€1,375
Investment (derived)
+€136,644
Current investments
+€136,644
Financing
-€280,168
Debts after one year
-€27,808
Current portion of long-term debt
+€271
Contributions, distributions and other
-€252,631
Cash 2025
€78,040
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,120,319 | €951,251 | -€169,068 | -15.1% |
| Fixed assets | 21/28 | €791,553 | €762,733 | -€28,820 | -3.6% |
| Tangible fixed assets | 22/27 | €789,053 | €760,233 | -€28,820 | -3.7% |
| Land and buildings | 22 | €739,115 | €723,835 | -€15,280 | -2.1% |
| Plant, machinery and equipment | 23 | €37,629 | €32,989 | -€4,640 | -12.3% |
| Furniture and vehicles | 24 | €12,309 | €3,409 | -€8,900 | -72.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €328,766 | €188,518 | -€140,248 | -42.7% |
| Amounts receivable after more than one year | 29 | €43,611 | - | -€43,611 | |
| Trade receivables | 290 | €32,037 | - | -€32,037 | |
| Other amounts receivable | 291 | €11,574 | - | -€11,574 | |
| Amounts receivable within one year | 40/41 | - | €31,122 | +€31,122 | |
| Trade receivables | 40 | - | €31,122 | +€31,122 | |
| Current investments | 50/53 | €216,000 | €79,356 | -€136,644 | -63.3% |
| Cash at bank and in hand | 54/58 | €69,155 | €78,040 | +€8,885 | +12.8% |
| Total equity and liabilities | 10/49 | €1,120,319 | €951,251 | -€169,068 | -15.1% |
| Equity | 10/15 | €988,422 | €795,029 | -€193,393 | -19.6% |
| Contributions | 10/11 | €92,400 | €92,400 | = | 0.0% |
| Capital | 10 | €92,400 | €92,400 | = | 0.0% |
| Issued capital | 100 | €97,400 | €97,400 | = | 0.0% |
| Uncalled capital | 101 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €806,219 | €612,826 | -€193,393 | -24.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €796,219 | €602,826 | -€193,393 | -24.3% |
| Profit (loss) carried forward | 14 | €89,803 | €89,803 | = | 0.0% |
| Amounts payable | 17/49 | €131,897 | €156,222 | +€24,325 | +18.4% |
| Amounts payable after more than one year | 17 | €83,147 | €55,339 | -€27,808 | -33.4% |
| Financial debts | 170/4 | €83,147 | €55,339 | -€27,808 | -33.4% |
| Amounts payable within one year | 42/48 | €47,375 | €100,883 | +€53,508 | +113% |
| Current portion of amounts payable after more than one year | 42 | €27,337 | €27,608 | +€271 | +1.0% |
| Trade debts | 44 | €583 | €151 | -€432 | -74.1% |
| Suppliers | 440/4 | €583 | €151 | -€432 | -74.1% |
| Taxes, remuneration and social security | 45 | €17,805 | €12,648 | -€5,157 | -29.0% |
| Taxes | 450/3 | €17,805 | €12,648 | -€5,157 | -29.0% |
| Other amounts payable | 47/48 | €1,650 | €60,476 | +€58,826 | +3,565% |
| Accrued charges and deferred income | 492/3 | €1,375 | - | -€1,375 | |
| Remuneration, social security and pensions | 62 | €15,968 | €998 | -€14,970 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,362 | €28,820 | -€1,542 | -5.1% |
| Other operating charges | 640/8 | €3,850 | €3,463 | -€387 | -10.1% |
| Gross operating margin | 9900 | €183,562 | €51,215 | -€132,347 | -72.1% |
| Operating profit (loss) | 9901 | €133,382 | €17,934 | -€115,448 | -86.6% |
| Financial income | 75/76B | - | €56,035 | +€56,035 | |
| Recurring financial income | 75 | - | €1,786 | +€1,786 | |
| Non-recurring financial income | 76B | - | €54,249 | +€54,249 | |
| Financial charges | 65/66B | €1,763 | €1,582 | -€181 | -10.3% |
| Recurring financial charges | 65 | €1,763 | €1,582 | -€181 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €131,619 | €72,387 | -€59,232 | -45.0% |
| Income taxes | 67/77 | €41,575 | €13,149 | -€28,426 | -68.4% |
| Profit (loss) for the period | 9904 | €90,044 | €59,238 | -€30,806 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,044 | €59,238 | -€30,806 | -34.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.