PECHE: what changed
Two financial 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
PECHE
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.4m
2024 · €1.3m+€51,546
Equity
€5.6m
2024 · €4.2m+€1.4m
Cash
€692,752
2024 · €1.1m-€408,752
Balance sheet total
€7.9m
2024 · €7.5m+€384,312
Largest movements
Assets
- Current investments +€1.0m
up €1.0m, from €0 to €1.0m
- Tangible fixed assets -€539,153
down €539,153 (-16.4%), from €3.3m to €2.7m
of which Leasing and similar rights: -€397,021
- Cash -€408,752
down €408,752 (-37.1%), from €1.1m to €692,752
mainly Current investments (-€1.0m) and Debts after one year (-€595,793)
- Receivables within one year +€368,984
up €368,984 (+13.2%), from €2.8m to €3.2m
of which Trade receivables: +€373,811
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+62.9%), from €1.7m to €2.8m
- Debts after one year -€595,793
down €595,793 (-33.3%), from €1.8m to €1.2m
- Reserves +€292,836
up €292,836 (+12.2%), from €2.4m to €2.7m
of which Distributable reserves: +€200,000
- Trade debts -€105,122
down €105,122 (-19.9%), from €528,902 to €423,779
- Provisions -€92,905
down €92,905 (-69.7%), from €133,360 to €40,454
of which Provisions for liabilities and charges: -€100,842
Income statement
- Purchases and services -€203,865
down €203,865 (-2.9%), from €7.1m to €6.9m
- Provisions -€201,685
down €201,685, from €100,842 to -€100,842
- Financial charges +€122,435
up €122,435 (+188%), from €65,087 to €187,522
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.
Result 2024
€1.3m
Gross operating margin
+€51,583
Staff costs
-€80,029
Depreciation
+€18,503
Write-downs
+€3,622
Provisions
+€201,685
Other operating charges
-€16,603
Financial income
+€1,751
Financial charges
-€122,435
Taxes
+€18,272
Deferred taxes and other
-€24,804
Result 2025
€1.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€1.5m
Investment
-€1.2m
Financing
-€688,261
Cash 2024
€1.1m
From operations (derived)
+€1.5m
Net result for the year
+€1.4m
Depreciation
+€773,431
Stocks and contracts
+€15,603
Receivables within one year
-€368,984
Smaller working-capital items
-€4,372
Provisions
-€92,905
Trade debts
-€105,122
Tax, wage and social debts
-€78,903
Other debts
-€31,575
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€210,906
Current investments
-€1.0m
Financing
-€688,261
Debts after one year
-€595,793
Current portion of long-term debt
-€81,312
Contributions, distributions and other
-€11,156
Cash 2025
€692,752
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,543,690 | €7,928,002 | +€384,312 | +5.1% |
| Fixed assets | 21/28 | €3,480,676 | €2,918,151 | -€562,525 | -16.2% |
| Tangible fixed assets | 22/27 | €3,280,394 | €2,741,241 | -€539,153 | -16.4% |
| Land and buildings | 22 | €513,446 | €483,180 | -€30,266 | -5.9% |
| Plant, machinery and equipment | 23 | €1,500,441 | €1,282,175 | -€218,266 | -14.5% |
| Furniture and vehicles | 24 | €351,403 | €457,803 | +€106,400 | +30.3% |
| Leasing and similar rights | 25 | €915,104 | €518,083 | -€397,021 | -43.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €200,282 | €176,910 | -€23,372 | -11.7% |
| Current assets | 29/58 | €4,063,014 | €5,009,851 | +€946,837 | +23.3% |
| Stocks and contracts in progress | 3 | €65,733 | €50,131 | -€15,603 | -23.7% |
| Stocks | 30/36 | €65,733 | €50,131 | -€15,603 | -23.7% |
| Amounts receivable within one year | 40/41 | €2,796,107 | €3,165,091 | +€368,984 | +13.2% |
| Trade receivables | 40 | €2,022,594 | €2,396,405 | +€373,811 | +18.5% |
| Other amounts receivable | 41 | €773,513 | €768,686 | -€4,827 | -0.6% |
| Current investments | 50/53 | €0 | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,101,504 | €692,752 | -€408,752 | -37.1% |
| Deferred charges and accrued income | 490/1 | €99,670 | €101,877 | +€2,207 | +2.2% |
| Total equity and liabilities | 10/49 | €7,543,690 | €7,928,002 | +€384,312 | +5.1% |
| Equity | 10/15 | €4,229,716 | €5,601,802 | +€1.4m | +32.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €2,393,977 | €2,686,812 | +€292,836 | +12.2% |
| Tax-exempt reserves | 132 | €93,088 | €185,924 | +€92,836 | +99.7% |
| Distributable reserves | 133 | €2,300,888 | €2,500,888 | +€200,000 | +8.7% |
| Profit (loss) carried forward | 14 | €1,733,579 | €2,823,985 | +€1.1m | +62.9% |
| Investment grants | 15 | €42,160 | €31,004 | -€11,156 | -26.5% |
| Provisions and deferred taxes | 16 | €133,360 | €40,454 | -€92,905 | -69.7% |
| Provisions for liabilities and charges | 160/5 | €100,842 | €0 | -€100,842 | -100% |
| Other liabilities and charges | 164/5 | €100,842 | €0 | -€100,842 | -100% |
| Deferred taxes | 168 | €32,517 | €40,454 | +€7,937 | +24.4% |
| Amounts payable | 17/49 | €3,180,614 | €2,285,746 | -€894,869 | -28.1% |
| Amounts payable after more than one year | 17 | €1,786,870 | €1,191,078 | -€595,793 | -33.3% |
| Financial debts | 170/4 | €1,786,870 | €1,191,078 | -€595,793 | -33.3% |
| Amounts payable within one year | 42/48 | €1,389,438 | €1,092,526 | -€296,912 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €727,811 | €646,499 | -€81,312 | -11.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €528,902 | €423,779 | -€105,122 | -19.9% |
| Suppliers | 440/4 | €528,902 | €423,779 | -€105,122 | -19.9% |
| Taxes, remuneration and social security | 45 | €86,446 | €7,543 | -€78,903 | -91.3% |
| Taxes | 450/3 | €24,929 | €2,279 | -€22,650 | -90.9% |
| Remuneration and social security | 454/9 | €61,516 | €5,263 | -€56,253 | -91.4% |
| Other amounts payable | 47/48 | €46,280 | €14,705 | -€31,575 | -68.2% |
| Accrued charges and deferred income | 492/3 | €4,306 | €2,142 | -€2,164 | -50.3% |
| Turnover | 70 | €10,615,840 | €10,529,711 | -€86,130 | -0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,090,389 | €6,886,524 | -€203,865 | -2.9% |
| Remuneration, social security and pensions | 62 | €1,043,423 | €1,123,452 | +€80,029 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €791,934 | €773,431 | -€18,503 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,972 | €350 | -€3,622 | -91.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €100,842 | -€100,842 | -€201,685 | |
| Other operating charges | 640/8 | €28,849 | €45,452 | +€16,603 | +57.5% |
| Gross operating margin | 9900 | €3,775,213 | €3,826,796 | +€51,583 | +1.4% |
| Operating profit (loss) | 9901 | €1,806,192 | €1,984,954 | +€178,762 | +9.9% |
| Financial income | 75/76B | €35,202 | €36,954 | +€1,751 | +5.0% |
| Recurring financial income | 75 | €35,202 | €36,954 | +€1,751 | +5.0% |
| Financial charges | 65/66B | €65,087 | €187,522 | +€122,435 | +188% |
| Recurring financial charges | 65 | €65,087 | €187,522 | +€122,435 | +188% |
| Profit (loss) for the period before taxes | 9903 | €1,776,308 | €1,834,386 | +€58,078 | +3.3% |
| Transfer from deferred taxes | 780 | €16,867 | €8,511 | -€8,356 | -49.5% |
| Transfer to deferred taxes | 680 | €0 | €16,448 | +€16,448 | |
| Income taxes | 67/77 | €461,478 | €443,207 | -€18,272 | -4.0% |
| Profit (loss) for the period | 9904 | €1,331,696 | €1,383,242 | +€51,546 | +3.9% |
| Transfer from tax-exempt reserves | 789 | €39,724 | €23,052 | -€16,671 | -42.0% |
| Transfer to tax-exempt reserves | 689 | €0 | €115,888 | +€115,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,371,420 | €1,290,406 | -€81,013 | -5.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.