PEC GROUP: 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 GROUP
Largest movements
- Stocks and contracts -€4,590
down €4,590 (-81.5%), from €5,630 to €1,040
- Receivables within one year -€4,499
down €4,499 (-40.8%), from €11,039 to €6,540
of which Other amounts receivable: -€6,274
- Tangible fixed assets -€1,560
down €1,560 (-24.2%), from €6,458 to €4,898
- Cash -€1,060
down €1,060 (-47.3%), from €2,240 to €1,180
mainly Net result for the year (-€9,825) and Current portion of long-term debt (-€5,000)
- Profit (loss) carried forward -€9,825
down €9,825, from €2,827 to -€6,998
- Current portion of long-term debt -€5,000
no longer reported in 2023 (was €5,000)
- Short-term financial debts +€4,930
new in 2023: €4,930
- Trade debts -€1,435
down €1,435 (-14.8%), from €9,675 to €8,240
- Accrued charges and deferred income -€1,100
no longer reported in 2023 (was €1,100)
- Gross operating margin -€38,562
down €38,562, from €35,094 to -€3,468
- Staff costs -€27,614
down €27,614 (-96.9%), from €28,499 to €885
- Financial charges +€2,483
up €2,483 (+1089.0%), from €228 to €2,711
- Other operating charges -€763
down €763 (-39.0%), from €1,954 to €1,191
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,630 | €13,911 | -€11,719 | -45.7% |
| Fixed assets | 21/28 | €6,721 | €5,151 | -€1,570 | -23.4% |
| Intangible fixed assets | 21 | €91 | €81 | -€10 | -11.0% |
| Tangible fixed assets | 22/27 | €6,458 | €4,898 | -€1,560 | -24.2% |
| Furniture and vehicles | 24 | €6,458 | €4,898 | -€1,560 | -24.2% |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | €18,909 | €8,760 | -€10,149 | -53.7% |
| Stocks and contracts in progress | 3 | €5,630 | €1,040 | -€4,590 | -81.5% |
| Stocks | 30/36 | €5,630 | €1,040 | -€4,590 | -81.5% |
| Amounts receivable within one year | 40/41 | €11,039 | €6,540 | -€4,499 | -40.8% |
| Trade receivables | 40 | - | €1,775 | +€1,775 | |
| Other amounts receivable | 41 | €11,039 | €4,765 | -€6,274 | -56.8% |
| Cash at bank and in hand | 54/58 | €2,240 | €1,180 | -€1,060 | -47.3% |
| Total equity and liabilities | 10/49 | €25,630 | €13,911 | -€11,719 | -45.7% |
| Equity | 10/15 | €7,827 | -€1,998 | -€9,825 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,827 | -€6,998 | -€9,825 | |
| Amounts payable | 17/49 | €17,803 | €15,909 | -€1,894 | -10.6% |
| Amounts payable within one year | 42/48 | €16,703 | €15,909 | -€794 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | - | -€5,000 | |
| Financial debts | 43 | - | €4,930 | +€4,930 | |
| Credit institutions | 430/8 | - | €4,930 | +€4,930 | |
| Trade debts | 44 | €9,675 | €8,240 | -€1,435 | -14.8% |
| Suppliers | 440/4 | €9,675 | €8,240 | -€1,435 | -14.8% |
| Taxes, remuneration and social security | 45 | €2,028 | €2,739 | +€711 | +35.1% |
| Taxes | 450/3 | €2,028 | €2,739 | +€711 | +35.1% |
| Accrued charges and deferred income | 492/3 | €1,100 | - | -€1,100 | |
| Remuneration, social security and pensions | 62 | €28,499 | €885 | -€27,614 | -96.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,351 | €1,570 | +€219 | +16.2% |
| Other operating charges | 640/8 | €1,954 | €1,191 | -€763 | -39.0% |
| Gross operating margin | 9900 | €35,094 | -€3,468 | -€38,562 | |
| Operating profit (loss) | 9901 | €3,290 | -€7,114 | -€10,404 | |
| Financial charges | 65/66B | €228 | €2,711 | +€2,483 | +1089.0% |
| Recurring financial charges | 65 | €228 | €2,711 | +€2,483 | +1089.0% |
| Profit (loss) for the period before taxes | 9903 | €3,062 | -€9,825 | -€12,887 | |
| Income taxes | 67/77 | €235 | - | -€235 | |
| Profit (loss) for the period | 9904 | €2,827 | -€9,825 | -€12,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,827 | -€9,825 | -€12,652 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.