PEC CONSTRUCT: 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.
PEC CONSTRUCT
Largest movements
- Stocks and contracts -€245,769
down €245,769 (-100.0%), from €245,769 to €0
- Receivables within one year -€125,923
down €125,923 (-78.2%), from €161,088 to €35,165
of which Trade receivables: -€69,729
- Tangible fixed assets -€6,668
down €6,668 (-35.9%), from €18,549 to €11,881
of which Furniture and vehicles: -€6,002
- Current portion of long-term debt -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Advances received -€90,107
down €90,107 (-100.0%), from €90,107 to €0
- Other debts -€70,822
down €70,822 (-100.0%), from €70,822 to €0
- Profit (loss) carried forward -€52,528
down €52,528 (-617.5%), from -€8,506 to -€61,034
- Trade debts -€15,809
down €15,809 (-66.9%), from €23,622 to €7,813
- Other operating charges +€9,619
up €9,619 (+321.4%), from €2,993 to €12,612
- Financial charges +€7,223
up €7,223 (+200.1%), from €3,610 to €10,832
- Gross operating margin -€6,448
down €6,448 (-10.4%), from €62,006 to €55,557
- Staff costs +€5,606
up €5,606 (+7.4%), from €75,866 to €81,472
- Financial income -€2,207
down €2,207 (-38.7%), from €5,706 to €3,499
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 | €431,004 | €54,945 | -€376,059 | -87.3% |
| Fixed assets | 21/28 | €19,449 | €12,781 | -€6,668 | -34.3% |
| Tangible fixed assets | 22/27 | €18,549 | €11,881 | -€6,668 | -35.9% |
| Land and buildings | 22 | €5,601 | €4,935 | -€666 | -11.9% |
| Furniture and vehicles | 24 | €12,947 | €6,946 | -€6,002 | -46.4% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €411,556 | €42,164 | -€369,391 | -89.8% |
| Stocks and contracts in progress | 3 | €245,769 | €0 | -€245,769 | -100.0% |
| Stocks | 30/36 | €245,769 | €0 | -€245,769 | -100.0% |
| Amounts receivable within one year | 40/41 | €161,088 | €35,165 | -€125,923 | -78.2% |
| Trade receivables | 40 | €96,212 | €26,483 | -€69,729 | -72.5% |
| Other amounts receivable | 41 | €64,876 | €8,682 | -€56,194 | -86.6% |
| Cash at bank and in hand | 54/58 | €3,612 | €6,177 | +€2,565 | +71.0% |
| Deferred charges and accrued income | 490/1 | €1,086 | €822 | -€264 | -24.3% |
| Total equity and liabilities | 10/49 | €431,004 | €54,945 | -€376,059 | -87.3% |
| Equity | 10/15 | €78,994 | €26,466 | -€52,528 | -66.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €81,500 | €81,500 | = | 0.0% |
| Distributable reserves | 133 | €81,500 | €81,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,506 | -€61,034 | -€52,528 | -617.5% |
| Amounts payable | 17/49 | €352,010 | €28,479 | -€323,531 | -91.9% |
| Amounts payable within one year | 42/48 | €352,010 | €28,479 | -€323,531 | -91.9% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €23,622 | €7,813 | -€15,809 | -66.9% |
| Suppliers | 440/4 | €23,622 | €7,813 | -€15,809 | -66.9% |
| Advances received on contracts in progress | 46 | €90,107 | €0 | -€90,107 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,459 | €20,666 | +€3,206 | +18.4% |
| Taxes | 450/3 | €9,025 | €12,310 | +€3,285 | +36.4% |
| Remuneration and social security | 454/9 | €8,434 | €8,356 | -€78 | -0.9% |
| Other amounts payable | 47/48 | €70,822 | €0 | -€70,822 | -100.0% |
| Remuneration, social security and pensions | 62 | €75,866 | €81,472 | +€5,606 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,668 | €6,668 | = | 0.0% |
| Other operating charges | 640/8 | €2,993 | €12,612 | +€9,619 | +321.4% |
| Gross operating margin | 9900 | €62,006 | €55,557 | -€6,448 | -10.4% |
| Operating profit (loss) | 9901 | -€23,521 | -€45,195 | -€21,673 | -92.1% |
| Financial income | 75/76B | €5,706 | €3,499 | -€2,207 | -38.7% |
| Recurring financial income | 75 | €5,706 | €3,499 | -€2,207 | -38.7% |
| Financial charges | 65/66B | €3,610 | €10,832 | +€7,223 | +200.1% |
| Recurring financial charges | 65 | €3,610 | €10,832 | +€7,223 | +200.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,425 | -€52,528 | -€31,103 | -145.2% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€21,425 | -€52,528 | -€31,103 | -145.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,425 | -€52,528 | -€31,103 | -145.2% |
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 3 October 2026 via checked.be.