PEBECO: 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.
PEBECO
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+629.4%), from €295,710 to €2.2m
- Cash -€304,236
down €304,236 (-94.3%), from €322,544 to €18,308
mainly Investment in fixed assets (net) (-€1.9m) and Contributions, distributions and other (-€950,000)
- Receivables within one year +€188,173
up €188,173 (+49.3%), from €381,925 to €570,098
of which Other amounts receivable: +€176,630
- Reserves +€1.8m
up €1.8m (+179.9%), from €1.0m to €2.9m
- Contributions -€84,461
down €84,461 (-84.5%), from €100,000 to €15,539
- Other debts +€66,538
up €66,538 (+125.2%), from €53,160 to €119,698
- Financial income +€2.7m
up €2.7m (+279227885.7%), from €1 to €2.7m
- Gross operating margin -€63,324
down €63,324 (-42.3%), from €149,863 to €86,539
- Financial charges -€11,137
down €11,137 (-32.2%), from €34,621 to €23,483
- Other operating charges +€4,268
up €4,268 (+56.5%), from €7,556 to €11,825
- Depreciation +€1,555
up €1,555 (+2.4%), from €64,109 to €65,665
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 | €1,640,498 | €3,393,862 | +€1.8m | +106.9% |
| Fixed assets | 21/28 | €925,540 | €2,782,217 | +€1.9m | +200.6% |
| Tangible fixed assets | 22/27 | €629,830 | €625,280 | -€4,550 | -0.7% |
| Land and buildings | 22 | €511,113 | €540,726 | +€29,613 | +5.8% |
| Plant, machinery and equipment | 23 | €22,931 | €18,056 | -€4,875 | -21.3% |
| Furniture and vehicles | 24 | €10,785 | €3,083 | -€7,702 | -71.4% |
| Leasing and similar rights | 25 | €50,437 | €36,552 | -€13,884 | -27.5% |
| Other tangible fixed assets | 26 | €34,564 | €26,862 | -€7,702 | -22.3% |
| Financial fixed assets | 28 | €295,710 | €2,156,937 | +€1.9m | +629.4% |
| Current assets | 29/58 | €714,958 | €611,645 | -€103,313 | -14.5% |
| Stocks and contracts in progress | 3 | - | €3,705 | +€3,705 | |
| Stocks | 30/36 | - | €3,705 | +€3,705 | |
| Amounts receivable within one year | 40/41 | €381,925 | €570,098 | +€188,173 | +49.3% |
| Trade receivables | 40 | €124,014 | €135,557 | +€11,543 | +9.3% |
| Other amounts receivable | 41 | €257,911 | €434,541 | +€176,630 | +68.5% |
| Cash at bank and in hand | 54/58 | €322,544 | €18,308 | -€304,236 | -94.3% |
| Deferred charges and accrued income | 490/1 | €10,489 | €19,533 | +€9,044 | +86.2% |
| Total equity and liabilities | 10/49 | €1,640,498 | €3,393,862 | +€1.8m | +106.9% |
| Equity | 10/15 | €1,124,777 | €2,884,357 | +€1.8m | +156.4% |
| Contributions | 10/11 | €100,000 | €15,539 | -€84,461 | -84.5% |
| Reserves | 13 | €1,024,777 | €2,868,818 | +€1.8m | +179.9% |
| Distributable reserves | 133 | €1,024,777 | €2,868,818 | +€1.8m | +179.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €515,721 | €509,505 | -€6,216 | -1.2% |
| Amounts payable after more than one year | 17 | €372,181 | €345,282 | -€26,899 | -7.2% |
| Financial debts | 170/4 | €372,181 | €345,282 | -€26,899 | -7.2% |
| Amounts payable within one year | 42/48 | €140,921 | €155,937 | +€15,016 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €25,912 | €26,899 | +€988 | +3.8% |
| Trade debts | 44 | €34,635 | €4,351 | -€30,284 | -87.4% |
| Suppliers | 440/4 | €34,635 | €4,351 | -€30,284 | -87.4% |
| Taxes, remuneration and social security | 45 | €27,215 | €4,990 | -€22,226 | -81.7% |
| Taxes | 450/3 | €27,215 | €4,990 | -€22,226 | -81.7% |
| Other amounts payable | 47/48 | €53,160 | €119,698 | +€66,538 | +125.2% |
| Accrued charges and deferred income | 492/3 | €2,619 | €8,285 | +€5,666 | +216.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,109 | €65,665 | +€1,555 | +2.4% |
| Other operating charges | 640/8 | €7,556 | €11,825 | +€4,268 | +56.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €149,863 | €86,539 | -€63,324 | -42.3% |
| Operating profit (loss) | 9901 | €78,197 | €9,049 | -€69,148 | -88.4% |
| Financial income | 75/76B | €1 | €2,736,434 | +€2.7m | +279227885.7% |
| Recurring financial income | 75 | €1 | €2,736,434 | +€2.7m | +279227885.7% |
| Financial charges | 65/66B | €34,621 | €23,483 | -€11,137 | -32.2% |
| Recurring financial charges | 65 | €34,621 | €23,483 | -€11,137 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €43,578 | €2,722,001 | +€2.7m | +6146.3% |
| Income taxes | 67/77 | €13,767 | €12,420 | -€1,347 | -9.8% |
| Profit (loss) for the period | 9904 | €29,811 | €2,709,580 | +€2.7m | +8989.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,811 | €2,709,580 | +€2.7m | +8989.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.