PEBEC: 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.
PEBEC
Largest movements
- Cash +€42,236
up €42,236 (+384%), from €11,004 to €53,240
mainly Net result for the year (+€37,047) and Receivables within one year (+€2,501)
- Receivables within one year -€2,501
down €2,501 (-18.2%), from €13,746 to €11,245
of which Trade receivables: -€2,496
- Tangible fixed assets +€1,283
up €1,283 (+96.5%), from €1,330 to €2,613
of which Other tangible fixed assets: +€1,743
- Reserves +€37,047
up €37,047 (+191%), from €19,356 to €56,404
- Tax, wage and social debts +€1,378
up €1,378 (+36.1%), from €3,814 to €5,192
- Other debts +€1,015
new in 2025: €1,015
- Accrued charges and deferred income +€730
new in 2025: €730
- Gross operating margin +€20,894
up €20,894 (+76.3%), from €27,375 to €48,269
- Taxes +€4,662
up €4,662 (+83.0%), from €5,620 to €10,282
- Depreciation -€1,513
down €1,513 (-63.2%), from €2,394 to €881
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 | €29,003 | €69,389 | +€40,387 | +139% |
| Fixed assets | 21/28 | €1,330 | €2,613 | +€1,283 | +96.5% |
| Tangible fixed assets | 22/27 | €1,330 | €2,613 | +€1,283 | +96.5% |
| Furniture and vehicles | 24 | €1,330 | €870 | -€460 | -34.6% |
| Other tangible fixed assets | 26 | - | €1,743 | +€1,743 | |
| Current assets | 29/58 | €27,672 | €66,776 | +€39,104 | +141% |
| Amounts receivable within one year | 40/41 | €13,746 | €11,245 | -€2,501 | -18.2% |
| Trade receivables | 40 | €13,023 | €10,527 | -€2,496 | -19.2% |
| Other amounts receivable | 41 | €723 | €718 | -€5 | -0.7% |
| Cash at bank and in hand | 54/58 | €11,004 | €53,240 | +€42,236 | +384% |
| Deferred charges and accrued income | 490/1 | €2,923 | €2,291 | -€632 | -21.6% |
| Total equity and liabilities | 10/49 | €29,003 | €69,389 | +€40,387 | +139% |
| Equity | 10/15 | €24,356 | €61,404 | +€37,047 | +152% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,356 | €56,404 | +€37,047 | +191% |
| Distributable reserves | 133 | €19,356 | €56,404 | +€37,047 | +191% |
| Amounts payable | 17/49 | €4,646 | €7,986 | +€3,339 | +71.9% |
| Amounts payable within one year | 42/48 | €4,646 | €7,256 | +€2,609 | +56.2% |
| Trade debts | 44 | €833 | €1,048 | +€216 | +25.9% |
| Suppliers | 440/4 | €833 | €1,048 | +€216 | +25.9% |
| Taxes, remuneration and social security | 45 | €3,814 | €5,192 | +€1,378 | +36.1% |
| Taxes | 450/3 | €3,814 | €5,192 | +€1,378 | +36.1% |
| Other amounts payable | 47/48 | - | €1,015 | +€1,015 | |
| Accrued charges and deferred income | 492/3 | - | €730 | +€730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,394 | €881 | -€1,513 | -63.2% |
| Gross operating margin | 9900 | €27,375 | €48,269 | +€20,894 | +76.3% |
| Operating profit (loss) | 9901 | €24,981 | €47,388 | +€22,407 | +89.7% |
| Financial income | 75/76B | - | €49 | +€49 | |
| Recurring financial income | 75 | - | €49 | +€49 | |
| Financial charges | 65/66B | €5 | €107 | +€102 | +2,078% |
| Recurring financial charges | 65 | €5 | €107 | +€102 | +2,078% |
| Profit (loss) for the period before taxes | 9903 | €24,976 | €47,330 | +€22,353 | +89.5% |
| Income taxes | 67/77 | €5,620 | €10,282 | +€4,662 | +83.0% |
| Profit (loss) for the period | 9904 | €19,356 | €37,047 | +€17,691 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,356 | €37,047 | +€17,691 | +91.4% |
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 20 October 2026 via checked.be.