PECTRON: 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.
What changed
PECTRON
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€136,924
2023 · €188,451-€51,527
Equity
€3.8m
2023 · €3.7m+€136,924
Cash
€4,604
2023 · €1,515+€3,089
Balance sheet total
€7.1m
2023 · €7.3m-€273,538
Largest movements
Assets
- Tangible fixed assets -€362,016
down €362,016 (-14.1%), from €2.6m to €2.2m
- Receivables within one year +€94,661
up €94,661 (+2.2%), from €4.3m to €4.4m
of which Other amounts receivable: +€94,025
Equity and liabilities
- Profit (loss) carried forward +€625,595
up €625,595 (+397.2%), from €157,498 to €783,092
- Reserves -€488,671
down €488,671 (-18.1%), from €2.7m to €2.2m
of which Tax-exempt reserves: -€488,671
- Debts after one year -€466,707
down €466,707 (-19.9%), from €2.3m to €1.9m
- Provisions -€164,323
down €164,323 (-17.9%), from €918,834 to €754,511
of which Deferred taxes: -€164,323
- Trade debts +€80,324
up €80,324 (+410.7%), from €19,559 to €99,883
Income statement
- Gross operating margin -€166,069
down €166,069 (-32.1%), from €517,294 to €351,225
- Taxes +€88,096
new in 2024: €88,096
- Depreciation -€50,378
down €50,378 (-40.8%), from €123,430 to €73,052
From the 2023 result to the 2024 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.
Result 2023
€188,451
Gross operating margin
-€166,069
Depreciation
+€50,378
Write-downs
+€810
Other operating charges
-€139
Other operating items
-€84,715
Financial income
+€1,356
Financial charges
+€4,825
Taxes
-€88,096
Deferred taxes and other
+€230,123
Result 2024
€136,924
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€176,497
Investment
+€304,917
Financing
-€478,324
Cash 2023
€1,515
From operations (derived)
+€176,497
Net result for the year
+€136,924
Depreciation
+€73,052
Receivables within one year
-€94,661
Deferred charges and accrued income
-€6,681
Provisions
-€164,323
Trade debts
+€80,324
Tax, wage and social debts
+€74,452
Other debts
+€75,046
Accrued charges and deferred income
+€2,364
Investment (derived)
+€304,917
Investment in fixed assets (net)
+€304,917
Financing
-€478,324
Debts after one year
-€466,707
Current portion of long-term debt
-€11,610
Short-term financial debts
-€7
Contributions, distributions and other
-€0
Cash 2024
€4,604
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,328,908 | €7,055,371 | -€273,538 | -3.7% |
| Fixed assets | 21/28 | €3,049,314 | €2,671,346 | -€377,968 | -12.4% |
| Tangible fixed assets | 22/27 | €2,565,835 | €2,203,819 | -€362,016 | -14.1% |
| Land and buildings | 22 | €2,565,835 | €2,203,819 | -€362,016 | -14.1% |
| Financial fixed assets | 28 | €483,479 | €467,527 | -€15,952 | -3.3% |
| Current assets | 29/58 | €4,279,594 | €4,384,025 | +€104,431 | +2.4% |
| Amounts receivable within one year | 40/41 | €4,278,079 | €4,372,740 | +€94,661 | +2.2% |
| Trade receivables | 40 | €23,136 | €23,771 | +€635 | +2.7% |
| Other amounts receivable | 41 | €4,254,943 | €4,348,969 | +€94,025 | +2.2% |
| Cash at bank and in hand | 54/58 | €1,515 | €4,604 | +€3,089 | +204.0% |
| Deferred charges and accrued income | 490/1 | - | €6,681 | +€6,681 | |
| Total equity and liabilities | 10/49 | €7,328,908 | €7,055,371 | -€273,538 | -3.7% |
| Equity | 10/15 | €3,665,906 | €3,802,830 | +€136,924 | +3.7% |
| Contributions | 10/11 | €813,828 | €813,828 | = | 0.0% |
| Capital | 10 | €813,828 | €813,828 | = | 0.0% |
| Issued capital | 100 | €820,028 | €820,028 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,694,580 | €2,205,910 | -€488,671 | -18.1% |
| Non-distributable reserves | 130/1 | €46,480 | €46,480 | = | 0.0% |
| Legal reserve | 130 | €46,480 | €46,480 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,565,056 | €2,076,385 | -€488,671 | -19.1% |
| Distributable reserves | 133 | €83,044 | €83,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,498 | €783,092 | +€625,595 | +397.2% |
| Provisions and deferred taxes | 16 | €918,834 | €754,511 | -€164,323 | -17.9% |
| Provisions for liabilities and charges | 160/5 | €25,926 | €25,926 | = | 0.0% |
| Major repairs and maintenance | 162 | €25,926 | €25,926 | = | 0.0% |
| Deferred taxes | 168 | €892,908 | €728,585 | -€164,323 | -18.4% |
| Amounts payable | 17/49 | €2,744,168 | €2,498,029 | -€246,139 | -9.0% |
| Amounts payable after more than one year | 17 | €2,342,640 | €1,875,933 | -€466,707 | -19.9% |
| Financial debts | 170/4 | €2,342,640 | €1,875,933 | -€466,707 | -19.9% |
| Amounts payable within one year | 42/48 | €397,941 | €616,145 | +€218,204 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €185,958 | €174,348 | -€11,610 | -6.2% |
| Financial debts | 43 | €1,642 | €1,634 | -€7 | -0.4% |
| Credit institutions | 430/8 | €1,642 | €1,634 | -€7 | -0.4% |
| Trade debts | 44 | €19,559 | €99,883 | +€80,324 | +410.7% |
| Suppliers | 440/4 | €19,559 | €99,883 | +€80,324 | +410.7% |
| Taxes, remuneration and social security | 45 | €8,713 | €83,164 | +€74,452 | +854.5% |
| Taxes | 450/3 | €8,713 | €83,164 | +€74,452 | +854.5% |
| Other amounts payable | 47/48 | €182,069 | €257,115 | +€75,046 | +41.2% |
| Accrued charges and deferred income | 492/3 | €3,587 | €5,951 | +€2,364 | +65.9% |
| Non-recurring operating income | 76A | €328,381 | €0 | -€328,381 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,430 | €73,052 | -€50,378 | -40.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€810 | -€810 | |
| Other operating charges | 640/8 | €48,593 | €48,732 | +€139 | +0.3% |
| Non-recurring operating charges | 66A | €5,000 | €89,715 | +€84,715 | +1694.3% |
| Gross operating margin | 9900 | €517,294 | €351,225 | -€166,069 | -32.1% |
| Operating profit (loss) | 9901 | €340,271 | €140,536 | -€199,735 | -58.7% |
| Financial income | 75/76B | €58 | €1,414 | +€1,356 | +2349.4% |
| Recurring financial income | 75 | €58 | €1,414 | +€1,356 | +2349.4% |
| Financial charges | 65/66B | €86,077 | €81,252 | -€4,825 | -5.6% |
| Recurring financial charges | 65 | €86,077 | €81,252 | -€4,825 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €254,252 | €60,698 | -€193,554 | -76.1% |
| Transfer from deferred taxes | 780 | €13,170 | €164,323 | +€151,152 | +1147.7% |
| Transfer to deferred taxes | 680 | €78,971 | €0 | -€78,971 | -100.0% |
| Income taxes | 67/77 | - | €88,096 | +€88,096 | |
| Profit (loss) for the period | 9904 | €188,451 | €136,924 | -€51,527 | -27.3% |
| Transfer from tax-exempt reserves | 789 | €35,214 | €488,670 | +€453,457 | +1287.7% |
| Transfer to tax-exempt reserves | 689 | €236,913 | €0 | -€236,913 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,248 | €625,595 | +€638,843 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.