PECO SERVICES: 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.
PECO SERVICES
Largest movements
- Cash +€5,112
up €5,112 (+139.7%), from €3,660 to €8,772
mainly Net result for the year (+€4,909) and Tax, wage and social debts (+€3,622)
- Receivables within one year +€2,503
up €2,503 (+8.1%), from €31,045 to €33,548
- Stocks and contracts +€1,803
up €1,803 (+59.4%), from €3,037 to €4,840
- Tangible fixed assets -€1,250
down €1,250 (-24.0%), from €5,206 to €3,956
of which Furniture and vehicles: -€908
- Deferred charges and accrued income +€777
up €777 (+16.4%), from €4,724 to €5,501
- Reserves +€4,909
up €4,909 (+39.4%), from €12,451 to €17,360
- Tax, wage and social debts +€3,622
up €3,622 (+32.5%), from €11,135 to €14,757
of which Taxes: +€2,419
- Gross operating margin +€6,538
up €6,538 (+11.7%), from €55,662 to €62,200
- Staff costs +€3,609
up €3,609 (+8.5%), from €42,417 to €46,026
- Taxes +€2,572
up €2,572 (+124.5%), from €2,066 to €4,638
- Depreciation -€726
down €726 (-36.7%), from €1,976 to €1,250
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 | €47,672 | €56,617 | +€8,945 | +18.8% |
| Fixed assets | 21/28 | €5,206 | €3,956 | -€1,250 | -24.0% |
| Tangible fixed assets | 22/27 | €5,206 | €3,956 | -€1,250 | -24.0% |
| Land and buildings | 22 | €2,791 | €2,449 | -€342 | -12.3% |
| Furniture and vehicles | 24 | €2,415 | €1,507 | -€908 | -37.6% |
| Current assets | 29/58 | €42,466 | €52,661 | +€10,195 | +24.0% |
| Stocks and contracts in progress | 3 | €3,037 | €4,840 | +€1,803 | +59.4% |
| Stocks | 30/36 | €3,037 | €4,840 | +€1,803 | +59.4% |
| Amounts receivable within one year | 40/41 | €31,045 | €33,548 | +€2,503 | +8.1% |
| Trade receivables | 40 | €31,045 | €33,548 | +€2,503 | +8.1% |
| Cash at bank and in hand | 54/58 | €3,660 | €8,772 | +€5,112 | +139.7% |
| Deferred charges and accrued income | 490/1 | €4,724 | €5,501 | +€777 | +16.4% |
| Total equity and liabilities | 10/49 | €47,672 | €56,617 | +€8,945 | +18.8% |
| Equity | 10/15 | €22,451 | €27,360 | +€4,909 | +21.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,451 | €17,360 | +€4,909 | +39.4% |
| Distributable reserves | 133 | €12,451 | €17,360 | +€4,909 | +39.4% |
| Amounts payable | 17/49 | €25,221 | €29,257 | +€4,036 | +16.0% |
| Amounts payable within one year | 42/48 | €25,221 | €29,257 | +€4,036 | +16.0% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Other loans | 439 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €4,086 | €4,500 | +€414 | +10.1% |
| Suppliers | 440/4 | €4,086 | €4,500 | +€414 | +10.1% |
| Taxes, remuneration and social security | 45 | €11,135 | €14,757 | +€3,622 | +32.5% |
| Taxes | 450/3 | €9,110 | €11,529 | +€2,419 | +26.6% |
| Remuneration and social security | 454/9 | €2,025 | €3,228 | +€1,203 | +59.4% |
| Remuneration, social security and pensions | 62 | €42,417 | €46,026 | +€3,609 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,976 | €1,250 | -€726 | -36.7% |
| Other operating charges | 640/8 | €2,245 | €2,153 | -€92 | -4.1% |
| Gross operating margin | 9900 | €55,662 | €62,200 | +€6,538 | +11.7% |
| Operating profit (loss) | 9901 | €9,024 | €12,771 | +€3,747 | +41.5% |
| Financial charges | 65/66B | €3,713 | €3,224 | -€489 | -13.2% |
| Recurring financial charges | 65 | €3,713 | €3,224 | -€489 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €5,311 | €9,547 | +€4,236 | +79.8% |
| Income taxes | 67/77 | €2,066 | €4,638 | +€2,572 | +124.5% |
| Profit (loss) for the period | 9904 | €3,245 | €4,909 | +€1,664 | +51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,245 | €4,909 | +€1,664 | +51.3% |
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 6 October 2026 via checked.be.