PEBBLES: 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.
PEBBLES
Largest movements
- Cash -€33,597
down €33,597 (-19.2%), from €174,989 to €141,391
mainly Contributions, distributions and other (-€150,000) and Other debts (-€15,000)
- Tangible fixed assets -€7,328
down €7,328 (-24.8%), from €29,533 to €22,205
- Receivables within one year +€2,432
up €2,432 (+10.6%), from €22,924 to €25,356
of which Other amounts receivable: +€2,432
- Reserves -€49,770
down €49,770 (-67.4%), from €73,881 to €24,111
- Tax, wage and social debts +€24,991
up €24,991 (+252.2%), from €9,910 to €34,901
- Other debts -€15,000
down €15,000 (-10.5%), from €142,655 to €127,655
- Gross operating margin +€3,341
up €3,341 (+2.5%), from €132,537 to €135,878
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 | €227,446 | €188,952 | -€38,494 | -16.9% |
| Fixed assets | 21/28 | €29,533 | €22,205 | -€7,328 | -24.8% |
| Tangible fixed assets | 22/27 | €29,533 | €22,205 | -€7,328 | -24.8% |
| Furniture and vehicles | 24 | €29,533 | €22,205 | -€7,328 | -24.8% |
| Current assets | 29/58 | €197,913 | €166,747 | -€31,166 | -15.7% |
| Amounts receivable within one year | 40/41 | €22,924 | €25,356 | +€2,432 | +10.6% |
| Trade receivables | 40 | €19,324 | €19,324 | = | 0.0% |
| Other amounts receivable | 41 | €3,600 | €6,032 | +€2,432 | +67.5% |
| Cash at bank and in hand | 54/58 | €174,989 | €141,391 | -€33,597 | -19.2% |
| Total equity and liabilities | 10/49 | €227,446 | €188,952 | -€38,494 | -16.9% |
| Equity | 10/15 | €74,881 | €25,111 | -€49,770 | -66.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,881 | €24,111 | -€49,770 | -67.4% |
| Distributable reserves | 133 | €73,881 | €24,111 | -€49,770 | -67.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €152,565 | €163,841 | +€11,276 | +7.4% |
| Amounts payable within one year | 42/48 | €152,565 | €163,800 | +€11,235 | +7.4% |
| Trade debts | 44 | - | €1,244 | +€1,244 | |
| Suppliers | 440/4 | - | €1,244 | +€1,244 | |
| Taxes, remuneration and social security | 45 | €9,910 | €34,901 | +€24,991 | +252.2% |
| Taxes | 450/3 | €9,910 | €34,901 | +€24,991 | +252.2% |
| Other amounts payable | 47/48 | €142,655 | €127,655 | -€15,000 | -10.5% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,107 | €7,328 | +€221 | +3.1% |
| Other operating charges | 640/8 | €742 | €711 | -€32 | -4.3% |
| Gross operating margin | 9900 | €132,537 | €135,878 | +€3,341 | +2.5% |
| Operating profit (loss) | 9901 | €124,688 | €127,839 | +€3,151 | +2.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €144 | €40 | -€103 | -71.9% |
| Recurring financial charges | 65 | €144 | €40 | -€103 | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €124,544 | €127,798 | +€3,255 | +2.6% |
| Income taxes | 67/77 | €26,318 | €27,568 | +€1,251 | +4.8% |
| Profit (loss) for the period | 9904 | €98,226 | €100,230 | +€2,004 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €98,226 | €100,230 | +€2,004 | +2.0% |
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 6 October 2026 via checked.be.