Pecovo: 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.
Pecovo
Largest movements
- Tangible fixed assets +€516,711
up €516,711 (+212%), from €243,559 to €760,270
- Current assets +€195,784
up €195,784 (+797%), from €24,551 to €220,334
of which Cash: +€162,620
- Debts +€623,643
up €623,643 (+253%), from €246,116 to €869,759
of which Debts after one year: +€580,419
- Reserves +€65,000
up €65,000 (+649%), from €10,010 to €75,010
- Profit (loss) carried forward +€23,852
up €23,852 (+200%), from €11,934 to €35,786
- Gross operating margin +€192,813
up €192,813 (+541%), from €35,647 to €228,461
- Taxes +€37,948
up €37,948 (+759%), from €5,001 to €42,949
- Depreciation +€28,107
up €28,107 (+542%), from €5,182 to €33,289
From the 2012 result to the 2013 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,160 | €980,655 | +€712,495 | +266% |
| Fixed assets | 21/28 | €243,609 | €760,320 | +€516,711 | +212% |
| Tangible fixed assets | 22/27 | €243,559 | €760,270 | +€516,711 | +212% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €24,551 | €220,334 | +€195,784 | +797% |
| Amounts receivable within one year | 40/41 | €10,267 | €44,589 | +€34,322 | +334% |
| Cash at bank and in hand | 54/58 | €13,126 | €175,746 | +€162,620 | +1,239% |
| Total equity and liabilities | 10/49 | €268,160 | €980,655 | +€712,495 | +266% |
| Equity | 10/15 | €22,044 | €110,896 | +€88,852 | +403% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10,010 | €75,010 | +€65,000 | +649% |
| Profit (loss) carried forward | 14 | €11,934 | €35,786 | +€23,852 | +200% |
| Amounts payable | 17/49 | €246,116 | €869,759 | +€623,643 | +253% |
| Amounts payable after more than one year | 17 | €190,924 | €771,343 | +€580,419 | +304% |
| Amounts payable within one year | 42/48 | €53,763 | €98,216 | +€44,453 | +82.7% |
| Trade debts | 44 | €5,319 | €10,267 | +€4,948 | +93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,182 | €33,289 | +€28,107 | +542% |
| Gross operating margin | 9900 | €35,647 | €228,461 | +€192,813 | +541% |
| Operating profit (loss) | 9901 | €30,386 | €137,560 | +€107,174 | +353% |
| Recurring financial income | 75 | €8 | €56 | +€48 | +616% |
| Recurring financial charges | 65 | €3,700 | €5,815 | +€2,115 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €26,694 | €131,801 | +€105,107 | +394% |
| Income taxes | 67/77 | €5,001 | €42,949 | +€37,948 | +759% |
| Profit (loss) for the period | 9904 | €21,693 | €88,852 | +€67,159 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €21,696 | €88,852 | +€67,157 | +310% |
Source: filed annual accounts (NBB), financial years ended 30 June 2012 and 30 June 2013. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.