PECUNIA: 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.
PECUNIA
Largest movements
- Current investments -€61,515
down €61,515 (-30.1%), from €204,226 to €142,710
- Tangible fixed assets -€28,811
down €28,811 (-8.8%), from €327,704 to €298,894
of which Land and buildings: -€18,524
- Accrued charges and deferred income -€29,511
down €29,511 (-89.2%), from €33,067 to €3,556
- Reserves -€20,424
down €20,424 (-7.5%), from €271,328 to €250,903
of which Tax-exempt reserves: -€12,357
- Tax, wage and social debts -€16,064
no longer reported in 2025 (was €16,064)
- Other debts -€11,404
down €11,404 (-20.8%), from €54,737 to €43,333
- Debts after one year -€10,307
down €10,307 (-55.9%), from €18,440 to €8,133
- Financial income -€34,683
down €34,683 (-84.9%), from €40,863 to €6,180
- Gross operating margin -€22,220
down €22,220 (-78.2%), from €28,398 to €6,178
- Taxes -€15,683
down €15,683 (-99.1%), from €15,829 to €146
- Financial charges -€5,647
down €5,647 (-49.9%), from €11,320 to €5,672
- Other operating charges +€450
up €450 (+24.7%), from €1,822 to €2,272
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 | €536,064 | €444,908 | -€91,157 | -17.0% |
| Fixed assets | 21/28 | €327,704 | €298,894 | -€28,811 | -8.8% |
| Tangible fixed assets | 22/27 | €327,704 | €298,894 | -€28,811 | -8.8% |
| Land and buildings | 22 | €299,643 | €281,120 | -€18,524 | -6.2% |
| Furniture and vehicles | 24 | €28,061 | €17,774 | -€10,287 | -36.7% |
| Current assets | 29/58 | €208,360 | €146,014 | -€62,346 | -29.9% |
| Amounts receivable within one year | 40/41 | - | €128 | +€128 | |
| Other amounts receivable | 41 | - | €128 | +€128 | |
| Current investments | 50/53 | €204,226 | €142,710 | -€61,515 | -30.1% |
| Cash at bank and in hand | 54/58 | €4,134 | €1,978 | -€2,156 | -52.1% |
| Deferred charges and accrued income | 490/1 | - | €1,197 | +€1,197 | |
| Total equity and liabilities | 10/49 | €536,064 | €444,908 | -€91,157 | -17.0% |
| Equity | 10/15 | €346,328 | €325,903 | -€20,424 | -5.9% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €271,328 | €250,903 | -€20,424 | -7.5% |
| Non-distributable reserves | 130/1 | €36,616 | €36,616 | = | 0.0% |
| Legal reserve | 130 | €36,616 | €36,616 | = | 0.0% |
| Tax-exempt reserves | 132 | €173,004 | €160,646 | -€12,357 | -7.1% |
| Distributable reserves | 133 | €61,708 | €53,642 | -€8,067 | -13.1% |
| Provisions and deferred taxes | 16 | €57,668 | €53,549 | -€4,119 | -7.1% |
| Deferred taxes | 168 | €57,668 | €53,549 | -€4,119 | -7.1% |
| Amounts payable | 17/49 | €132,069 | €65,455 | -€66,613 | -50.4% |
| Amounts payable after more than one year | 17 | €18,440 | €8,133 | -€10,307 | -55.9% |
| Financial debts | 170/4 | €18,440 | €8,133 | -€10,307 | -55.9% |
| Amounts payable within one year | 42/48 | €80,561 | €53,766 | -€26,795 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €9,724 | €10,307 | +€582 | +6.0% |
| Trade debts | 44 | €36 | €126 | +€90 | +250.5% |
| Suppliers | 440/4 | €36 | €126 | +€90 | +250.5% |
| Taxes, remuneration and social security | 45 | €16,064 | - | -€16,064 | |
| Taxes | 450/3 | €16,064 | - | -€16,064 | |
| Other amounts payable | 47/48 | €54,737 | €43,333 | -€11,404 | -20.8% |
| Accrued charges and deferred income | 492/3 | €33,067 | €3,556 | -€29,511 | -89.2% |
| Non-recurring operating income | 76A | €33,000 | - | -€33,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,584 | €28,811 | +€227 | +0.8% |
| Other operating charges | 640/8 | €1,822 | €2,272 | +€450 | +24.7% |
| Gross operating margin | 9900 | €28,398 | €6,178 | -€22,220 | -78.2% |
| Operating profit (loss) | 9901 | -€2,007 | -€24,904 | -€22,897 | -1140.6% |
| Financial income | 75/76B | €40,863 | €6,180 | -€34,683 | -84.9% |
| Recurring financial income | 75 | €40,863 | €6,180 | -€34,683 | -84.9% |
| Financial charges | 65/66B | €11,320 | €5,672 | -€5,647 | -49.9% |
| Recurring financial charges | 65 | €11,320 | €5,672 | -€5,647 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €27,536 | -€24,397 | -€51,933 | |
| Transfer from deferred taxes | 780 | €4,119 | €4,119 | = | 0.0% |
| Income taxes | 67/77 | €15,829 | €146 | -€15,683 | -99.1% |
| Profit (loss) for the period | 9904 | €15,826 | -€20,424 | -€36,250 | |
| Transfer from tax-exempt reserves | 789 | €12,357 | €12,357 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,183 | -€8,067 | -€36,250 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.