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PEBO: 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.

What changed

PEBO

BE 0450.034.864
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€12,291
2024 · -€2,990-€9,301
Equity
€373,638
2024 · €310,929+€62,709
Cash
€29,526
2024 · €38,606-€9,081
Balance sheet total
€379,526
2024 · €313,606+€65,919

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€75,000

    up €75,000 (+27.3%), from €275,000 to €350,000

  • Cash -€9,081

    down €9,081 (-23.5%), from €38,606 to €29,526

    mainly Investment in fixed assets (net) (-€75,000) and Net result for the year (-€12,291)

Equity and liabilities
  • Revaluation surpluses +€75,000

    up €75,000 (+34.8%), from €215,537 to €290,537

  • Profit (loss) carried forward -€12,291

    down €12,291 (-27.0%), from -€45,463 to -€57,754

Income statement
  • Gross operating margin -€9,484

    down €9,484 (-1129.9%), from -€839 to -€10,324

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€2,990
Gross operating margin -€9,484
Other operating charges -€56
Other operating items +€203
Financial charges +€37
Result 2025 -€12,291

Cash bridge derived

cash 2024 to 2025

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.

From operations -€9,081
Investment -€75,000
Financing +€75,000
Cash 2024 €38,606
Net result for the year -€12,291
Trade debts +€810
Other debts +€2,400
Investment in fixed assets (net) -€75,000
Contributions, distributions and other +€75,000
Cash 2025 €29,526
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €313,606 €379,526 +€65,919 +21.0%
Fixed assets 21/28 €275,000 €350,000 +€75,000 +27.3%
Tangible fixed assets 22/27 €275,000 €350,000 +€75,000 +27.3%
Land and buildings 22 €275,000 €350,000 +€75,000 +27.3%
Current assets 29/58 €38,606 €29,526 -€9,081 -23.5%
Cash at bank and in hand 54/58 €38,606 €29,526 -€9,081 -23.5%
Total equity and liabilities 10/49 €313,606 €379,526 +€65,919 +21.0%
Equity 10/15 €310,929 €373,638 +€62,709 +20.2%
Contributions 10/11 €74,368 €74,368 = 0.0%
Capital 10 €74,368 €74,368 = 0.0%
Issued capital 100 €74,368 €74,368 = 0.0%
Revaluation surpluses 12 €215,537 €290,537 +€75,000 +34.8%
Reserves 13 €66,487 €66,487 = 0.0%
Non-distributable reserves 130/1 €7,437 €7,437 = 0.0%
Legal reserve 130 €7,437 €7,437 = 0.0%
Distributable reserves 133 €59,051 €59,051 = 0.0%
Profit (loss) carried forward 14 -€45,463 -€57,754 -€12,291 -27.0%
Amounts payable 17/49 €2,677 €5,888 +€3,210 +119.9%
Amounts payable within one year 42/48 €2,677 €5,888 +€3,210 +119.9%
Trade debts 44 €85 €896 +€810 +948.7%
Suppliers 440/4 €85 €896 +€810 +948.7%
Other amounts payable 47/48 €2,592 €4,992 +€2,400 +92.6%
Other operating charges 640/8 €1,839 €1,895 +€56 +3.1%
Non-recurring operating charges 66A €203 - -€203
Gross operating margin 9900 -€839 -€10,324 -€9,484 -1129.9%
Operating profit (loss) 9901 -€2,881 -€12,219 -€9,338 -324.1%
Financial charges 65/66B €109 €72 -€37 -34.0%
Recurring financial charges 65 €109 €72 -€37 -34.0%
Profit (loss) for the period before taxes 9903 -€2,990 -€12,291 -€9,301 -311.0%
Profit (loss) for the period 9904 -€2,990 -€12,291 -€9,301 -311.0%
Profit (loss) for the period to be appropriated 9905 -€2,990 -€12,291 -€9,301 -311.0%

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 29 September 2026 via checked.be.