PECRIAUX: 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.
PECRIAUX
Largest movements
- Current investments +€25,272
up €25,272 (+41.8%), from €60,495 to €85,767
- Cash -€3,740
down €3,740 (-5.7%), from €65,058 to €61,318
mainly Current investments (-€25,272) and Other debts (-€6,050)
- Receivables within one year -€3,633
down €3,633 (-60.9%), from €5,970 to €2,337
of which Trade receivables: -€3,633
- Stocks and contracts -€2,462
down €2,462 (-13.0%), from €18,942 to €16,480
- Reserves +€21,901
up €21,901 (+21.4%), from €102,238 to €124,139
of which Distributable reserves: +€21,901
- Other debts -€6,050
down €6,050 (-96.0%), from €6,303 to €254
- Gross operating margin +€12,982
up €12,982 (+52.1%), from €24,927 to €37,909
- Taxes +€2,744
up €2,744 (+33.4%), from €8,223 to €10,967
- Write-downs +€2,462
new in 2025: €2,462
- Financial charges +€870
up €870 (+1537.7%), from €57 to €927
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 | €153,644 | €167,906 | +€14,263 | +9.3% |
| Fixed assets | 21/28 | €3,179 | €2,005 | -€1,174 | -36.9% |
| Tangible fixed assets | 22/27 | €3,179 | €2,005 | -€1,174 | -36.9% |
| Plant, machinery and equipment | 23 | €1,703 | €1,343 | -€360 | -21.1% |
| Furniture and vehicles | 24 | €1,476 | €662 | -€814 | -55.1% |
| Current assets | 29/58 | €150,465 | €165,902 | +€15,436 | +10.3% |
| Stocks and contracts in progress | 3 | €18,942 | €16,480 | -€2,462 | -13.0% |
| Stocks | 30/36 | €18,942 | €16,480 | -€2,462 | -13.0% |
| Amounts receivable within one year | 40/41 | €5,970 | €2,337 | -€3,633 | -60.9% |
| Trade receivables | 40 | €5,170 | €1,537 | -€3,633 | -70.3% |
| Other amounts receivable | 41 | €800 | €800 | = | 0.0% |
| Current investments | 50/53 | €60,495 | €85,767 | +€25,272 | +41.8% |
| Cash at bank and in hand | 54/58 | €65,058 | €61,318 | -€3,740 | -5.7% |
| Deferred charges and accrued income | 490/1 | - | €0 | +€0 | |
| Total equity and liabilities | 10/49 | €153,644 | €167,906 | +€14,263 | +9.3% |
| Equity | 10/15 | €120,830 | €142,731 | +€21,901 | +18.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €102,238 | €124,139 | +€21,901 | +21.4% |
| Tax-exempt reserves | 132 | €5,656 | €5,656 | = | 0.0% |
| Distributable reserves | 133 | €96,582 | €118,483 | +€21,901 | +22.7% |
| Amounts payable | 17/49 | €32,814 | €25,176 | -€7,638 | -23.3% |
| Amounts payable within one year | 42/48 | €32,014 | €23,670 | -€8,344 | -26.1% |
| Trade debts | 44 | €3,358 | €2,226 | -€1,132 | -33.7% |
| Suppliers | 440/4 | €3,358 | €2,226 | -€1,132 | -33.7% |
| Taxes, remuneration and social security | 45 | €22,353 | €21,191 | -€1,162 | -5.2% |
| Taxes | 450/3 | €22,353 | €21,191 | -€1,162 | -5.2% |
| Other amounts payable | 47/48 | €6,303 | €254 | -€6,050 | -96.0% |
| Accrued charges and deferred income | 492/3 | €800 | €1,505 | +€705 | +88.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €1,174 | +€263 | +28.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,462 | +€2,462 | |
| Other operating charges | 640/8 | €964 | €732 | -€232 | -24.0% |
| Gross operating margin | 9900 | €24,927 | €37,909 | +€12,982 | +52.1% |
| Operating profit (loss) | 9901 | €23,052 | €33,540 | +€10,488 | +45.5% |
| Financial income | 75/76B | €308 | €254 | -€54 | -17.6% |
| Recurring financial income | 75 | €308 | €254 | -€54 | -17.6% |
| Financial charges | 65/66B | €57 | €927 | +€870 | +1537.7% |
| Recurring financial charges | 65 | €57 | €927 | +€870 | +1537.7% |
| Profit (loss) for the period before taxes | 9903 | €23,304 | €32,868 | +€9,564 | +41.0% |
| Income taxes | 67/77 | €8,223 | €10,967 | +€2,744 | +33.4% |
| Profit (loss) for the period | 9904 | €15,081 | €21,901 | +€6,820 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,081 | €21,901 | +€6,820 | +45.2% |
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 5 October 2026 via checked.be.