PEBAT: 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.
PEBAT
Largest movements
- Receivables within one year +€15,525
up €15,525 (+55.0%), from €28,218 to €43,743
of which Other amounts receivable: +€17,232
- Stocks and contracts -€11,000
down €11,000 (-73.3%), from €15,000 to €4,000
- Tangible fixed assets -€8,515
down €8,515 (-23.8%), from €35,750 to €27,235
of which Leasing and similar rights: -€5,232
- Cash -€1,383
down €1,383 (-100.0%), from €1,383 to €0
mainly Debts after one year (-€17,203) and Receivables within one year (-€15,525)
- Debts after one year -€17,203
down €17,203 (-28.4%), from €60,621 to €43,418
- Short-term financial debts +€10,283
up €10,283 (+515.3%), from €1,996 to €12,279
- Trade debts -€4,703
down €4,703 (-67.6%), from €6,958 to €2,255
- Profit (loss) carried forward +€2,762
up €2,762 (+7.0%), from -€39,245 to -€36,483
- Advances received +€2,505
new in 2025: €2,505
- Gross operating margin +€3,110
up €3,110 (+21.0%), from €14,811 to €17,921
- Depreciation +€2,074
up €2,074 (+32.2%), from €6,440 to €8,515
- Staff costs +€524
up €524 (+120.7%), from €434 to €958
- Other operating charges -€466
down €466 (-53.2%), from €875 to €410
- Financial charges +€404
up €404 (+8.2%), from €4,918 to €5,322
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 | €80,984 | €74,978 | -€6,006 | -7.4% |
| Fixed assets | 21/28 | €35,750 | €27,235 | -€8,515 | -23.8% |
| Tangible fixed assets | 22/27 | €35,750 | €27,235 | -€8,515 | -23.8% |
| Furniture and vehicles | 24 | €12,648 | €9,365 | -€3,282 | -26.0% |
| Leasing and similar rights | 25 | €23,102 | €17,870 | -€5,232 | -22.6% |
| Current assets | 29/58 | €45,234 | €47,743 | +€2,509 | +5.5% |
| Stocks and contracts in progress | 3 | €15,000 | €4,000 | -€11,000 | -73.3% |
| Stocks | 30/36 | €15,000 | €4,000 | -€11,000 | -73.3% |
| Amounts receivable within one year | 40/41 | €28,218 | €43,743 | +€15,525 | +55.0% |
| Trade receivables | 40 | €14,549 | €12,842 | -€1,707 | -11.7% |
| Other amounts receivable | 41 | €13,669 | €30,902 | +€17,232 | +126.1% |
| Cash at bank and in hand | 54/58 | €1,383 | €0 | -€1,383 | -100.0% |
| Deferred charges and accrued income | 490/1 | €633 | €0 | -€633 | -100.0% |
| Total equity and liabilities | 10/49 | €80,984 | €74,978 | -€6,006 | -7.4% |
| Equity | 10/15 | -€5,160 | -€2,398 | +€2,762 | +53.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,245 | -€36,483 | +€2,762 | +7.0% |
| Amounts payable | 17/49 | €86,144 | €77,376 | -€8,768 | -10.2% |
| Amounts payable after more than one year | 17 | €60,621 | €43,418 | -€17,203 | -28.4% |
| Financial debts | 170/4 | €60,621 | €43,418 | -€17,203 | -28.4% |
| Amounts payable within one year | 42/48 | €25,523 | €33,958 | +€8,435 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €16,336 | €16,919 | +€584 | +3.6% |
| Financial debts | 43 | €1,996 | €12,279 | +€10,283 | +515.3% |
| Credit institutions | 430/8 | €1,996 | €12,279 | +€10,283 | +515.3% |
| Trade debts | 44 | €6,958 | €2,255 | -€4,703 | -67.6% |
| Suppliers | 440/4 | €6,958 | €2,255 | -€4,703 | -67.6% |
| Advances received on contracts in progress | 46 | - | €2,505 | +€2,505 | |
| Taxes, remuneration and social security | 45 | €107 | €0 | -€107 | -100.0% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €107 | €0 | -€107 | -100.0% |
| Other amounts payable | 47/48 | €127 | €0 | -€127 | -100.0% |
| Remuneration, social security and pensions | 62 | €434 | €958 | +€524 | +120.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €8,515 | +€2,074 | +32.2% |
| Other operating charges | 640/8 | €875 | €410 | -€466 | -53.2% |
| Gross operating margin | 9900 | €14,811 | €17,921 | +€3,110 | +21.0% |
| Operating profit (loss) | 9901 | €7,062 | €8,039 | +€978 | +13.8% |
| Financial income | 75/76B | €68 | €45 | -€23 | -34.2% |
| Recurring financial income | 75 | €68 | €45 | -€23 | -34.2% |
| Financial charges | 65/66B | €4,918 | €5,322 | +€404 | +8.2% |
| Recurring financial charges | 65 | €4,918 | €5,322 | +€404 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €2,212 | €2,762 | +€550 | +24.9% |
| Profit (loss) for the period | 9904 | €2,212 | €2,762 | +€550 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,212 | €2,762 | +€550 | +24.9% |
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 29 September 2026 via checked.be.