PEBEX ADVICES: 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.
PEBEX ADVICES
Largest movements
- Cash -€42,015
down €42,015 (-45.7%), from €91,935 to €49,920
mainly Other debts (-€40,770) and Debts after one year (-€15,579)
- Intangible fixed assets -€16,500
down €16,500 (-10.2%), from €161,474 to €144,974
- Other debts -€40,770
down €40,770 (-32.9%), from €123,870 to €83,100
- Debts after one year -€15,579
down €15,579 (-14.8%), from €105,118 to €89,539
- Depreciation +€13,567
up €13,567 (+382%), from €3,556 to €17,123
- Gross operating margin +€11,371
up €11,371 (+78.9%), from €14,416 to €25,787
- Financial charges +€5,385
up €5,385 (+1,707%), from €315 to €5,700
- Taxes -€736
down €736 (-32.9%), from €2,240 to €1,504
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 | €261,453 | €204,822 | -€56,631 | -21.7% |
| Fixed assets | 21/28 | €162,184 | €146,538 | -€15,646 | -9.6% |
| Intangible fixed assets | 21 | €161,474 | €144,974 | -€16,500 | -10.2% |
| Tangible fixed assets | 22/27 | €710 | €1,564 | +€854 | +120% |
| Plant, machinery and equipment | 23 | €710 | €463 | -€247 | -34.8% |
| Furniture and vehicles | 24 | - | €1,101 | +€1,101 | |
| Current assets | 29/58 | €99,269 | €58,284 | -€40,985 | -41.3% |
| Amounts receivable within one year | 40/41 | €7,335 | €8,364 | +€1,030 | +14.0% |
| Trade receivables | 40 | €7,335 | €8,364 | +€1,030 | +14.0% |
| Cash at bank and in hand | 54/58 | €91,935 | €49,920 | -€42,015 | -45.7% |
| Total equity and liabilities | 10/49 | €261,453 | €204,822 | -€56,631 | -21.7% |
| Equity | 10/15 | €9,918 | €10,851 | +€933 | +9.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,918 | €8,851 | +€933 | +11.8% |
| Amounts payable | 17/49 | €251,535 | €193,971 | -€57,564 | -22.9% |
| Amounts payable after more than one year | 17 | €105,118 | €89,539 | -€15,579 | -14.8% |
| Financial debts | 170/4 | €105,118 | €89,539 | -€15,579 | -14.8% |
| Amounts payable within one year | 42/48 | €146,417 | €104,432 | -€41,985 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €14,882 | €13,559 | -€1,323 | -8.9% |
| Trade debts | 44 | €741 | €1,887 | +€1,146 | +155% |
| Suppliers | 440/4 | €741 | €1,887 | +€1,146 | +155% |
| Taxes, remuneration and social security | 45 | €6,924 | €5,886 | -€1,038 | -15.0% |
| Taxes | 450/3 | €6,924 | €5,886 | -€1,038 | -15.0% |
| Other amounts payable | 47/48 | €123,870 | €83,100 | -€40,770 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,556 | €17,123 | +€13,567 | +382% |
| Other operating charges | 640/8 | €387 | €527 | +€140 | +36.1% |
| Gross operating margin | 9900 | €14,416 | €25,787 | +€11,371 | +78.9% |
| Operating profit (loss) | 9901 | €10,473 | €8,137 | -€2,336 | -22.3% |
| Financial charges | 65/66B | €315 | €5,700 | +€5,385 | +1,707% |
| Recurring financial charges | 65 | €315 | €5,700 | +€5,385 | +1,707% |
| Profit (loss) for the period before taxes | 9903 | €10,158 | €2,437 | -€7,721 | -76.0% |
| Income taxes | 67/77 | €2,240 | €1,504 | -€736 | -32.9% |
| Profit (loss) for the period | 9904 | €7,918 | €933 | -€6,985 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,918 | €933 | -€6,985 | -88.2% |
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.