PEBI: 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.
PEBI
Largest movements
- Stocks and contracts +€26,363
up €26,363 (+19.0%), from €138,637 to €165,000
- Receivables within one year +€12,985
up €12,985 (+105.8%), from €12,269 to €25,254
of which Trade receivables: +€15,006
- Cash +€5,548
up €5,548 (+13.9%), from €40,015 to €45,562
mainly Net result for the year (+€59,725) and Other debts (+€30,123)
- Profit (loss) carried forward -€46,250
down €46,250 (-31.0%), from €149,216 to €102,966
- Reserves +€44,772
new in 2025: €44,772
- Other debts +€30,123
up €30,123 (+996.0%), from €3,024 to €33,147
- Tax, wage and social debts +€14,496
up €14,496 (+154.5%), from €9,383 to €23,878
- Trade debts +€5,907
up €5,907 (+949.9%), from €622 to €6,529
- Depreciation -€5,079
down €5,079 (-91.8%), from €5,533 to €453
- Gross operating margin +€4,204
up €4,204 (+5.3%), from €80,028 to €84,232
- Taxes +€3,758
up €3,758 (+22.5%), from €16,699 to €20,458
- Other operating charges -€3,589
down €3,589 (-53.8%), from €6,674 to €3,085
- Financial charges -€1,008
down €1,008 (-33.8%), from €2,982 to €1,974
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 | €197,153 | €242,969 | +€45,816 | +23.2% |
| Fixed assets | 21/28 | €6,233 | €7,153 | +€920 | +14.8% |
| Intangible fixed assets | 21 | €29 | - | -€29 | |
| Tangible fixed assets | 22/27 | €1,254 | €2,203 | +€949 | +75.7% |
| Furniture and vehicles | 24 | - | €1,242 | +€1,242 | |
| Other tangible fixed assets | 26 | €1,254 | €961 | -€293 | -23.3% |
| Financial fixed assets | 28 | €4,950 | €4,950 | = | 0.0% |
| Current assets | 29/58 | €190,921 | €235,816 | +€44,896 | +23.5% |
| Stocks and contracts in progress | 3 | €138,637 | €165,000 | +€26,363 | +19.0% |
| Stocks | 30/36 | €138,637 | €165,000 | +€26,363 | +19.0% |
| Amounts receivable within one year | 40/41 | €12,269 | €25,254 | +€12,985 | +105.8% |
| Trade receivables | 40 | €10,240 | €25,246 | +€15,006 | +146.5% |
| Other amounts receivable | 41 | €2,029 | €8 | -€2,021 | -99.6% |
| Cash at bank and in hand | 54/58 | €40,015 | €45,562 | +€5,548 | +13.9% |
| Total equity and liabilities | 10/49 | €197,153 | €242,969 | +€45,816 | +23.2% |
| Equity | 10/15 | €169,216 | €167,738 | -€1,478 | -0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €44,772 | +€44,772 | |
| Distributable reserves | 133 | - | €44,772 | +€44,772 | |
| Profit (loss) carried forward | 14 | €149,216 | €102,966 | -€46,250 | -31.0% |
| Amounts payable | 17/49 | €27,938 | €75,231 | +€47,294 | +169.3% |
| Amounts payable after more than one year | 17 | €11,677 | €8,752 | -€2,925 | -25.1% |
| Financial debts | 170/4 | €11,677 | €8,752 | -€2,925 | -25.1% |
| Amounts payable within one year | 42/48 | €15,873 | €66,479 | +€50,606 | +318.8% |
| Current portion of amounts payable after more than one year | 42 | €2,844 | €2,925 | +€82 | +2.9% |
| Trade debts | 44 | €622 | €6,529 | +€5,907 | +949.9% |
| Suppliers | 440/4 | €622 | €6,529 | +€5,907 | +949.9% |
| Taxes, remuneration and social security | 45 | €9,383 | €23,878 | +€14,496 | +154.5% |
| Taxes | 450/3 | €9,383 | €23,878 | +€14,496 | +154.5% |
| Other amounts payable | 47/48 | €3,024 | €33,147 | +€30,123 | +996.0% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,533 | €453 | -€5,079 | -91.8% |
| Other operating charges | 640/8 | €6,674 | €3,085 | -€3,589 | -53.8% |
| Gross operating margin | 9900 | €80,028 | €84,232 | +€4,204 | +5.3% |
| Operating profit (loss) | 9901 | €67,821 | €80,694 | +€12,872 | +19.0% |
| Financial income | 75/76B | €1,110 | €1,463 | +€353 | +31.8% |
| Recurring financial income | 75 | €1,110 | €1,463 | +€353 | +31.8% |
| Financial charges | 65/66B | €2,982 | €1,974 | -€1,008 | -33.8% |
| Recurring financial charges | 65 | €2,982 | €1,974 | -€1,008 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €65,949 | €80,183 | +€14,234 | +21.6% |
| Income taxes | 67/77 | €16,699 | €20,458 | +€3,758 | +22.5% |
| Profit (loss) for the period | 9904 | €49,249 | €59,725 | +€10,476 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,249 | €59,725 | +€10,476 | +21.3% |
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 6 October 2026 via checked.be.