PECCEU: 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.
PECCEU
Largest movements
- Tangible fixed assets -€65,080
down €65,080 (-8.1%), from €799,564 to €734,484
of which Land and buildings: -€65,016
- Receivables within one year +€62,886
up €62,886 (+12.0%), from €522,344 to €585,230
of which Other amounts receivable: +€59,841
- Debts after one year -€48,325
down €48,325 (-2.8%), from €1.7m to €1.7m
- Trade debts +€41,633
up €41,633 (+37.0%), from €112,653 to €154,286
- Gross operating margin -€17,679
down €17,679 (-5.1%), from €345,324 to €327,645
- Staff costs -€14,588
down €14,588 (-7.9%), from €185,787 to €171,199
- Financial charges -€9,988
down €9,988 (-11.7%), from €85,332 to €75,344
- Taxes +€7,991
new in 2024: €7,991
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,088,450 | €2,086,074 | -€2,376 | -0.1% |
| Fixed assets | 21/28 | €806,009 | €740,929 | -€65,080 | -8.1% |
| Tangible fixed assets | 22/27 | €799,564 | €734,484 | -€65,080 | -8.1% |
| Land and buildings | 22 | €799,501 | €734,484 | -€65,016 | -8.1% |
| Plant, machinery and equipment | 23 | €63 | - | -€63 | |
| Financial fixed assets | 28 | €6,445 | €6,445 | = | 0.0% |
| Current assets | 29/58 | €1,282,441 | €1,345,145 | +€62,703 | +4.9% |
| Stocks and contracts in progress | 3 | €756,320 | €758,624 | +€2,304 | +0.3% |
| Stocks | 30/36 | €756,320 | €758,624 | +€2,304 | +0.3% |
| Amounts receivable within one year | 40/41 | €522,344 | €585,230 | +€62,886 | +12.0% |
| Trade receivables | 40 | €18,835 | €21,880 | +€3,045 | +16.2% |
| Other amounts receivable | 41 | €503,509 | €563,350 | +€59,841 | +11.9% |
| Cash at bank and in hand | 54/58 | €3,777 | €1,291 | -€2,487 | -65.8% |
| Total equity and liabilities | 10/49 | €2,088,450 | €2,086,074 | -€2,376 | -0.1% |
| Equity | 10/15 | €8,764 | -€3,994 | -€12,758 | |
| Contributions | 10/11 | €6,185 | €6,197 | +€13 | +0.2% |
| Reserves | 13 | €77,181 | €77,181 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,644 | €38,644 | = | 0.0% |
| Distributable reserves | 133 | €36,678 | €36,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,602 | -€87,372 | -€12,770 | -17.1% |
| Amounts payable | 17/49 | €2,079,686 | €2,090,068 | +€10,382 | +0.5% |
| Amounts payable after more than one year | 17 | €1,736,305 | €1,687,980 | -€48,325 | -2.8% |
| Financial debts | 170/4 | €1,736,305 | €1,687,980 | -€48,325 | -2.8% |
| Amounts payable within one year | 42/48 | €343,084 | €400,826 | +€57,742 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €45,289 | €48,325 | +€3,036 | +6.7% |
| Trade debts | 44 | €112,653 | €154,286 | +€41,633 | +37.0% |
| Suppliers | 440/4 | €112,653 | €154,286 | +€41,633 | +37.0% |
| Taxes, remuneration and social security | 45 | €7,463 | €7,573 | +€110 | +1.5% |
| Taxes | 450/3 | - | €7,573 | +€7,573 | |
| Remuneration and social security | 454/9 | €7,463 | - | -€7,463 | |
| Other amounts payable | 47/48 | €177,680 | €190,642 | +€12,963 | +7.3% |
| Accrued charges and deferred income | 492/3 | €297 | €1,261 | +€965 | +325.1% |
| Remuneration, social security and pensions | 62 | €185,787 | €171,199 | -€14,588 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,347 | €65,080 | -€267 | -0.4% |
| Other operating charges | 640/8 | €18,502 | €21,194 | +€2,692 | +14.6% |
| Gross operating margin | 9900 | €345,324 | €327,645 | -€17,679 | -5.1% |
| Operating profit (loss) | 9901 | €75,689 | €70,172 | -€5,517 | -7.3% |
| Financial income | 75/76B | €64 | €393 | +€329 | +515.3% |
| Recurring financial income | 75 | €64 | €393 | +€329 | +515.3% |
| Financial charges | 65/66B | €85,332 | €75,344 | -€9,988 | -11.7% |
| Recurring financial charges | 65 | €85,332 | €75,344 | -€9,988 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,579 | -€4,779 | +€4,800 | +50.1% |
| Income taxes | 67/77 | - | €7,991 | +€7,991 | |
| Profit (loss) for the period | 9904 | -€9,579 | -€12,770 | -€3,191 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,579 | -€12,770 | -€3,191 | -33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.