PECK PROJECTS: 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.
PECK PROJECTS
Largest movements
- Cash +€38,832
up €38,832 (+44.0%), from €88,216 to €127,048
mainly Net result for the year (+€55,004) and Depreciation (+€22,330)
- Tangible fixed assets -€19,909
down €19,909 (-9.9%), from €200,594 to €180,685
of which Furniture and vehicles: -€14,105
- Reserves +€31,785
up €31,785 (+13.0%), from €244,335 to €276,120
- Debts after one year -€27,088
down €27,088 (-61.4%), from €44,117 to €17,029
- Other debts +€19,642
up €19,642 (+62.0%), from €31,694 to €51,336
- Gross operating margin +€4,968
up €4,968 (+5.0%), from €98,661 to €103,630
- Taxes +€1,565
up €1,565 (+7.6%), from €20,644 to €22,209
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 | €368,668 | €391,131 | +€22,464 | +6.1% |
| Fixed assets | 21/28 | €200,594 | €180,685 | -€19,909 | -9.9% |
| Tangible fixed assets | 22/27 | €200,594 | €180,685 | -€19,909 | -9.9% |
| Land and buildings | 22 | €34,011 | €32,765 | -€1,246 | -3.7% |
| Plant, machinery and equipment | 23 | €279 | €1,396 | +€1,117 | +400.8% |
| Furniture and vehicles | 24 | €47,100 | €32,995 | -€14,105 | -29.9% |
| Other tangible fixed assets | 26 | €119,204 | €113,529 | -€5,675 | -4.8% |
| Current assets | 29/58 | €168,074 | €210,447 | +€42,373 | +25.2% |
| Stocks and contracts in progress | 3 | €13,796 | €14,416 | +€621 | +4.5% |
| Stocks | 30/36 | €13,796 | €14,416 | +€621 | +4.5% |
| Amounts receivable within one year | 40/41 | €12,618 | €12,872 | +€254 | +2.0% |
| Trade receivables | 40 | €12,618 | €12,872 | +€254 | +2.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €88,216 | €127,048 | +€38,832 | +44.0% |
| Deferred charges and accrued income | 490/1 | €3,445 | €6,110 | +€2,666 | +77.4% |
| Total equity and liabilities | 10/49 | €368,668 | €391,131 | +€22,464 | +6.1% |
| Equity | 10/15 | €250,535 | €282,320 | +€31,785 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,335 | €276,120 | +€31,785 | +13.0% |
| Distributable reserves | 133 | €244,335 | €276,120 | +€31,785 | +13.0% |
| Amounts payable | 17/49 | €118,133 | €108,811 | -€9,321 | -7.9% |
| Amounts payable after more than one year | 17 | €44,117 | €17,029 | -€27,088 | -61.4% |
| Financial debts | 170/4 | €44,117 | €17,029 | -€27,088 | -61.4% |
| Amounts payable within one year | 42/48 | €74,016 | €91,782 | +€17,766 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €27,758 | €27,088 | -€670 | -2.4% |
| Trade debts | 44 | €1,547 | €1,602 | +€54 | +3.5% |
| Suppliers | 440/4 | €1,547 | €1,602 | +€54 | +3.5% |
| Taxes, remuneration and social security | 45 | €13,017 | €11,757 | -€1,260 | -9.7% |
| Taxes | 450/3 | €13,017 | €11,757 | -€1,260 | -9.7% |
| Other amounts payable | 47/48 | €31,694 | €51,336 | +€19,642 | +62.0% |
| Non-recurring operating income | 76A | €1,495 | - | -€1,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,153 | €22,330 | +€177 | +0.8% |
| Other operating charges | 640/8 | €2,085 | €2,146 | +€62 | +3.0% |
| Gross operating margin | 9900 | €98,661 | €103,630 | +€4,968 | +5.0% |
| Operating profit (loss) | 9901 | €74,424 | €79,153 | +€4,729 | +6.4% |
| Financial income | 75/76B | €99 | €261 | +€162 | +163.5% |
| Recurring financial income | 75 | €99 | €261 | +€162 | +163.5% |
| Financial charges | 65/66B | €2,987 | €2,201 | -€786 | -26.3% |
| Recurring financial charges | 65 | €2,987 | €2,201 | -€786 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €71,535 | €77,213 | +€5,678 | +7.9% |
| Income taxes | 67/77 | €20,644 | €22,209 | +€1,565 | +7.6% |
| Profit (loss) for the period | 9904 | €50,891 | €55,004 | +€4,113 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,891 | €55,004 | +€4,113 | +8.1% |
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 8 October 2026 via checked.be.