PEBBLES.BE: 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.BE
Largest movements
- Tangible fixed assets +€243,212
up €243,212 (+438.7%), from €55,444 to €298,656
of which Land and buildings: +€226,453
- Cash -€111,550
down €111,550 (-48.9%), from €228,024 to €116,474
mainly Investment in fixed assets (net) (-€263,544) and Other debts (-€41,818)
- Receivables within one year -€14,711
down €14,711 (-1.8%), from €817,438 to €802,726
of which Trade receivables: -€8,168
- Debts after one year +€90,886
up €90,886 (+168.2%), from €54,034 to €144,920
- Reserves +€61,940
up €61,940 (+6.1%), from €1.0m to €1.1m
of which Distributable reserves: +€61,940
- Other debts -€41,818
no longer reported in 2025 (was €41,818)
- Financial income -€683,540
down €683,540 (-95.8%), from €713,724 to €30,184
- Taxes -€50,907
down €50,907 (-62.7%), from €81,210 to €30,302
- Gross operating margin +€16,782
up €16,782 (+21.1%), from €79,716 to €96,497
- Financial charges +€7,278
up €7,278 (+267.9%), from €2,717 to €9,994
- Depreciation +€4,847
up €4,847 (+31.3%), from €15,485 to €20,332
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 | €1,203,539 | €1,320,489 | +€116,950 | +9.7% |
| Fixed assets | 21/28 | €70,344 | €313,556 | +€243,212 | +345.7% |
| Tangible fixed assets | 22/27 | €55,444 | €298,656 | +€243,212 | +438.7% |
| Land and buildings | 22 | - | €226,453 | +€226,453 | |
| Plant, machinery and equipment | 23 | - | €508 | +€508 | |
| Furniture and vehicles | 24 | €20,603 | €44,742 | +€24,138 | +117.2% |
| Other tangible fixed assets | 26 | €34,841 | €26,952 | -€7,888 | -22.6% |
| Financial fixed assets | 28 | €14,900 | €14,900 | = | 0.0% |
| Current assets | 29/58 | €1,133,195 | €1,006,933 | -€126,261 | -11.1% |
| Stocks and contracts in progress | 3 | €87,733 | €87,733 | = | 0.0% |
| Stocks | 30/36 | €87,733 | €87,733 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €817,438 | €802,726 | -€14,711 | -1.8% |
| Trade receivables | 40 | €8,168 | - | -€8,168 | |
| Other amounts receivable | 41 | €809,270 | €802,726 | -€6,544 | -0.8% |
| Cash at bank and in hand | 54/58 | €228,024 | €116,474 | -€111,550 | -48.9% |
| Total equity and liabilities | 10/49 | €1,203,539 | €1,320,489 | +€116,950 | +9.7% |
| Equity | 10/15 | €1,034,011 | €1,095,951 | +€61,940 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,015,411 | €1,077,351 | +€61,940 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,013,551 | €1,075,491 | +€61,940 | +6.1% |
| Amounts payable | 17/49 | €169,528 | €224,539 | +€55,011 | +32.4% |
| Amounts payable after more than one year | 17 | €54,034 | €144,920 | +€90,886 | +168.2% |
| Financial debts | 170/4 | €54,034 | €144,920 | +€90,886 | +168.2% |
| Amounts payable within one year | 42/48 | €115,493 | €79,619 | -€35,875 | -31.1% |
| Financial debts | 43 | €9,696 | €9,651 | -€45 | -0.5% |
| Credit institutions | 430/8 | €9,696 | €9,651 | -€45 | -0.5% |
| Trade debts | 44 | €7,088 | €12,371 | +€5,283 | +74.5% |
| Suppliers | 440/4 | €7,088 | €12,371 | +€5,283 | +74.5% |
| Taxes, remuneration and social security | 45 | €56,893 | €57,597 | +€704 | +1.2% |
| Taxes | 450/3 | €56,893 | €57,597 | +€704 | +1.2% |
| Other amounts payable | 47/48 | €41,818 | - | -€41,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €20,332 | +€4,847 | +31.3% |
| Other operating charges | 640/8 | €2,991 | €4,113 | +€1,122 | +37.5% |
| Gross operating margin | 9900 | €79,716 | €96,497 | +€16,782 | +21.1% |
| Operating profit (loss) | 9901 | €61,239 | €72,052 | +€10,813 | +17.7% |
| Financial income | 75/76B | €713,724 | €30,184 | -€683,540 | -95.8% |
| Recurring financial income | 75 | €713,724 | €30,184 | -€683,540 | -95.8% |
| Financial charges | 65/66B | €2,717 | €9,994 | +€7,278 | +267.9% |
| Recurring financial charges | 65 | €2,717 | €9,994 | +€7,278 | +267.9% |
| Profit (loss) for the period before taxes | 9903 | €772,246 | €92,242 | -€680,004 | -88.1% |
| Income taxes | 67/77 | €81,210 | €30,302 | -€50,907 | -62.7% |
| Profit (loss) for the period | 9904 | €691,037 | €61,940 | -€629,097 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €691,037 | €61,940 | -€629,097 | -91.0% |
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 3 October 2026 via checked.be.