PEBCAK ENGINEERING: 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.
PEBCAK ENGINEERING
Largest movements
- Cash +€17,550
up €17,550 (+86.9%), from €20,191 to €37,741
mainly Net result for the year (+€50,457) and Tax, wage and social debts (+€12,567)
- Receivables within one year +€7,953
up €7,953 (+12.3%), from €64,721 to €72,674
of which Trade receivables: +€7,953
- Tax, wage and social debts +€12,567
up €12,567 (+114%), from €11,011 to €23,578
of which Taxes: +€12,602
- Trade debts +€7,003
up €7,003 (+62.0%), from €11,293 to €18,296
- Other debts +€3,446
up €3,446 (+6.0%), from €56,994 to €60,441
- Gross operating margin +€6,315
up €6,315 (+9.9%), from €63,762 to €70,077
- Taxes +€1,286
up €1,286 (+9.5%), from €13,586 to €14,871
- Financial charges +€910
up €910 (+250%), from €364 to €1,274
- Depreciation +€844
up €844 (+32.8%), from €2,568 to €3,412
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 | €99,758 | €123,492 | +€23,733 | +23.8% |
| Fixed assets | 21/28 | €13,218 | €12,093 | -€1,125 | -8.5% |
| Tangible fixed assets | 22/27 | €12,218 | €11,093 | -€1,125 | -9.2% |
| Furniture and vehicles | 24 | €12,218 | €11,093 | -€1,125 | -9.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €86,540 | €111,398 | +€24,858 | +28.7% |
| Amounts receivable within one year | 40/41 | €64,721 | €72,674 | +€7,953 | +12.3% |
| Trade receivables | 40 | €53,447 | €61,400 | +€7,953 | +14.9% |
| Other amounts receivable | 41 | €11,273 | €11,273 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,191 | €37,741 | +€17,550 | +86.9% |
| Deferred charges and accrued income | 490/1 | €1,629 | €984 | -€645 | -39.6% |
| Total equity and liabilities | 10/49 | €99,758 | €123,492 | +€23,733 | +23.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €79,298 | €103,032 | +€23,733 | +29.9% |
| Amounts payable within one year | 42/48 | €79,298 | €102,315 | +€23,017 | +29.0% |
| Trade debts | 44 | €11,293 | €18,296 | +€7,003 | +62.0% |
| Suppliers | 440/4 | €11,293 | €18,296 | +€7,003 | +62.0% |
| Taxes, remuneration and social security | 45 | €11,011 | €23,578 | +€12,567 | +114% |
| Taxes | 450/3 | €8,794 | €21,396 | +€12,602 | +143% |
| Remuneration and social security | 454/9 | €2,217 | €2,182 | -€35 | -1.6% |
| Other amounts payable | 47/48 | €56,994 | €60,441 | +€3,446 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €716 | +€716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,568 | €3,412 | +€844 | +32.8% |
| Other operating charges | 640/8 | €500 | €63 | -€437 | -87.4% |
| Gross operating margin | 9900 | €63,762 | €70,077 | +€6,315 | +9.9% |
| Operating profit (loss) | 9901 | €60,693 | €66,602 | +€5,908 | +9.7% |
| Financial charges | 65/66B | €364 | €1,274 | +€910 | +250% |
| Recurring financial charges | 65 | €364 | €1,274 | +€910 | +250% |
| Profit (loss) for the period before taxes | 9903 | €60,329 | €65,328 | +€4,999 | +8.3% |
| Income taxes | 67/77 | €13,586 | €14,871 | +€1,286 | +9.5% |
| Profit (loss) for the period | 9904 | €46,744 | €50,457 | +€3,713 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,744 | €50,457 | +€3,713 | +7.9% |
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 14 October 2026 via checked.be.