PECQ MANAGEMENT SYSTEMS: 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.
PECQ MANAGEMENT SYSTEMS
Largest movements
- Tangible fixed assets +€123,932
up €123,932 (+17.7%), from €701,463 to €825,396
of which Plant, machinery and equipment: +€131,142
- Debts after one year +€124,897
up €124,897 (+14.9%), from €838,072 to €962,969
- Profit (loss) carried forward -€21,305
down €21,305 (-2.0%), from -€1.1m to -€1.1m
- Current portion of long-term debt +€9,092
up €9,092 (+23.8%), from €38,138 to €47,230
- Depreciation +€32,172
up €32,172 (+118%), from €27,189 to €59,360
- Gross operating margin -€8,215
down €8,215 (-12.9%), from €63,824 to €55,610
- Financial charges +€3,989
up €3,989 (+44.3%), from €9,014 to €13,003
- Other operating charges +€806
up €806 (+21.4%), from €3,756 to €4,562
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 | €709,287 | €828,630 | +€119,344 | +16.8% |
| Fixed assets | 21/28 | €701,463 | €825,396 | +€123,932 | +17.7% |
| Tangible fixed assets | 22/27 | €701,463 | €825,396 | +€123,932 | +17.7% |
| Land and buildings | 22 | €419,695 | €419,695 | = | 0.0% |
| Plant, machinery and equipment | 23 | €260,710 | €391,853 | +€131,142 | +50.3% |
| Furniture and vehicles | 24 | €21,058 | €13,848 | -€7,210 | -34.2% |
| Current assets | 29/58 | €7,824 | €3,235 | -€4,589 | -58.7% |
| Amounts receivable within one year | 40/41 | €4,432 | €0 | -€4,432 | -100% |
| Trade receivables | 40 | €4,432 | €0 | -€4,432 | -100% |
| Cash at bank and in hand | 54/58 | €1,915 | €1,464 | -€451 | -23.6% |
| Deferred charges and accrued income | 490/1 | €1,477 | €1,771 | +€294 | +19.9% |
| Total equity and liabilities | 10/49 | €709,287 | €828,630 | +€119,344 | +16.8% |
| Equity | 10/15 | -€175,022 | -€196,327 | -€21,305 | -12.2% |
| Contributions | 10/11 | €520,576 | €520,576 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Contributions outside capital | 11 | €297,472 | €297,472 | = | 0.0% |
| Share premium | 1100/10 | €297,472 | €297,472 | = | 0.0% |
| Revaluation surpluses | 12 | €382,511 | €382,511 | = | 0.0% |
| Reserves | 13 | €13,841 | €13,841 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,841 | €13,841 | = | 0.0% |
| Legal reserve | 130 | €13,841 | €13,841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,091,951 | -€1,113,256 | -€21,305 | -2.0% |
| Amounts payable | 17/49 | €884,309 | €1,024,958 | +€140,649 | +15.9% |
| Amounts payable after more than one year | 17 | €838,072 | €962,969 | +€124,897 | +14.9% |
| Financial debts | 170/4 | €838,072 | €962,969 | +€124,897 | +14.9% |
| Amounts payable within one year | 42/48 | €45,530 | €61,337 | +€15,807 | +34.7% |
| Current portion of amounts payable after more than one year | 42 | €38,138 | €47,230 | +€9,092 | +23.8% |
| Trade debts | 44 | €7,245 | €12,090 | +€4,845 | +66.9% |
| Suppliers | 440/4 | €7,245 | €12,090 | +€4,845 | +66.9% |
| Taxes, remuneration and social security | 45 | €148 | €2,018 | +€1,870 | +1,266% |
| Taxes | 450/3 | €148 | €2,018 | +€1,870 | +1,266% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €707 | €651 | -€56 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,189 | €59,360 | +€32,172 | +118% |
| Other operating charges | 640/8 | €3,756 | €4,562 | +€806 | +21.4% |
| Gross operating margin | 9900 | €63,824 | €55,610 | -€8,215 | -12.9% |
| Operating profit (loss) | 9901 | €32,879 | -€8,313 | -€41,192 | |
| Financial income | 75/76B | €0 | €10 | +€10 | +49,400% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +49,400% |
| Financial charges | 65/66B | €9,014 | €13,003 | +€3,989 | +44.3% |
| Recurring financial charges | 65 | €9,014 | €13,003 | +€3,989 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €23,866 | -€21,305 | -€45,171 | |
| Profit (loss) for the period | 9904 | €23,866 | -€21,305 | -€45,171 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,866 | -€21,305 | -€45,171 |
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.