Pecher & Partners: 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.
Pecher & Partners
Largest movements
- Tangible fixed assets -€11,000
down €11,000 (-34.8%), from €31,624 to €20,624
of which Furniture and vehicles: -€8,885
- Deferred charges and accrued income -€3,515
down €3,515 (-88.4%), from €3,975 to €460
- Cash +€1,123
up €1,123 (+1.9%), from €57,893 to €59,016
mainly Net result for the year (+€20,947) and Other debts (+€15,047)
- Tax, wage and social debts -€24,359
down €24,359 (-100%), from €24,359 to €0
- Other debts +€15,047
up €15,047 (+2,760%), from €545 to €15,592
- Trade debts -€10,228
down €10,228 (-74.2%), from €13,791 to €3,563
- Reserves +€6,064
up €6,064 (+9.1%), from €66,422 to €72,486
- Gross operating margin -€20,984
down €20,984 (-32.0%), from €65,654 to €44,670
- Taxes -€5,676
down €5,676 (-36.5%), from €15,533 to €9,857
- Depreciation +€2,727
up €2,727 (+27.6%), from €9,873 to €12,599
- Other operating charges +€849
up €849 (+428%), from €198 to €1,048
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,171 | €93,785 | -€13,386 | -12.5% |
| Fixed assets | 21/28 | €31,624 | €20,624 | -€11,000 | -34.8% |
| Tangible fixed assets | 22/27 | €31,624 | €20,624 | -€11,000 | -34.8% |
| Furniture and vehicles | 24 | €23,431 | €14,546 | -€8,885 | -37.9% |
| Other tangible fixed assets | 26 | €8,193 | €6,078 | -€2,116 | -25.8% |
| Current assets | 29/58 | €75,547 | €73,161 | -€2,385 | -3.2% |
| Amounts receivable within one year | 40/41 | €13,679 | €13,686 | +€6 | 0.0% |
| Trade receivables | 40 | €13,679 | €11,250 | -€2,429 | -17.8% |
| Other amounts receivable | 41 | €0 | €2,436 | +€2,436 | |
| Cash at bank and in hand | 54/58 | €57,893 | €59,016 | +€1,123 | +1.9% |
| Deferred charges and accrued income | 490/1 | €3,975 | €460 | -€3,515 | -88.4% |
| Total equity and liabilities | 10/49 | €107,171 | €93,785 | -€13,386 | -12.5% |
| Equity | 10/15 | €68,422 | €74,486 | +€6,064 | +8.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,422 | €72,486 | +€6,064 | +9.1% |
| Distributable reserves | 133 | €66,422 | €72,486 | +€6,064 | +9.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,749 | €19,299 | -€19,450 | -50.2% |
| Amounts payable within one year | 42/48 | €38,749 | €19,299 | -€19,450 | -50.2% |
| Financial debts | 43 | €53 | €144 | +€91 | +172% |
| Credit institutions | 430/8 | €53 | €144 | +€91 | +172% |
| Trade debts | 44 | €13,791 | €3,563 | -€10,228 | -74.2% |
| Suppliers | 440/4 | €13,791 | €3,563 | -€10,228 | -74.2% |
| Taxes, remuneration and social security | 45 | €24,359 | €0 | -€24,359 | -100% |
| Taxes | 450/3 | €24,359 | €0 | -€24,359 | -100% |
| Other amounts payable | 47/48 | €545 | €15,592 | +€15,047 | +2,760% |
| Non-recurring operating income | 76A | €429 | €0 | -€429 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,873 | €12,599 | +€2,727 | +27.6% |
| Other operating charges | 640/8 | €198 | €1,048 | +€849 | +428% |
| Gross operating margin | 9900 | €65,654 | €44,670 | -€20,984 | -32.0% |
| Operating profit (loss) | 9901 | €55,584 | €31,023 | -€24,560 | -44.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €699 | €220 | -€479 | -68.6% |
| Recurring financial charges | 65 | €699 | €220 | -€479 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €54,885 | €30,804 | -€24,081 | -43.9% |
| Income taxes | 67/77 | €15,533 | €9,857 | -€5,676 | -36.5% |
| Profit (loss) for the period | 9904 | €39,352 | €20,947 | -€18,405 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,352 | €20,947 | -€18,405 | -46.8% |
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 26 October 2026 via checked.be.