PECUNIA NON OLET: what changed
PECUNIA NON OLET
Largest movements
- Tangible fixed assets +€74,328
up €74,328 (+742%), from €10,018 to €84,346
of which Furniture and vehicles: +€69,792
- Cash -€51,204
down €51,204 (-29.6%), from €173,239 to €122,034
mainly Contributions, distributions and other (-€174,500) and Investment in fixed assets (net) (-€96,023)
- Receivables within one year -€39,358
down €39,358 (-50.3%), from €78,292 to €38,934
of which Trade receivables: -€40,089
- Financial fixed assets +€6,200
new in 2025: €6,200
- Tax, wage and social debts -€15,050
down €15,050 (-35.9%), from €41,923 to €26,873
of which Taxes: -€14,257
- Trade debts +€5,246
up €5,246 (+129%), from €4,052 to €9,298
- Gross operating margin -€79,663
down €79,663 (-24.3%), from €327,295 to €247,632
- Other operating charges -€50,497
down €50,497 (-95.8%), from €52,729 to €2,231
- Depreciation +€13,298
up €13,298 (+605%), from €2,198 to €15,496
- Taxes -€11,461
down €11,461 (-17.0%), from €67,374 to €55,914
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,907 | €262,748 | -€10,159 | -3.7% |
| Fixed assets | 21/28 | €10,018 | €90,546 | +€80,528 | +804% |
| Tangible fixed assets | 22/27 | €10,018 | €84,346 | +€74,328 | +742% |
| Plant, machinery and equipment | 23 | €13 | - | -€13 | |
| Furniture and vehicles | 24 | €10,005 | €79,798 | +€69,792 | +698% |
| Other tangible fixed assets | 26 | - | €4,548 | +€4,548 | |
| Financial fixed assets | 28 | - | €6,200 | +€6,200 | |
| Current assets | 29/58 | €262,889 | €172,202 | -€90,687 | -34.5% |
| Amounts receivable within one year | 40/41 | €78,292 | €38,934 | -€39,358 | -50.3% |
| Trade receivables | 40 | €74,992 | €34,904 | -€40,089 | -53.5% |
| Other amounts receivable | 41 | €3,300 | €4,030 | +€730 | +22.1% |
| Cash at bank and in hand | 54/58 | €173,239 | €122,034 | -€51,204 | -29.6% |
| Deferred charges and accrued income | 490/1 | €11,358 | €11,234 | -€124 | -1.1% |
| Total equity and liabilities | 10/49 | €272,907 | €262,748 | -€10,159 | -3.7% |
| Equity | 10/15 | €20,932 | €20,781 | -€151 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €472 | €321 | -€151 | -31.9% |
| Amounts payable | 17/49 | €251,975 | €241,966 | -€10,008 | -4.0% |
| Amounts payable within one year | 42/48 | €251,975 | €241,966 | -€10,008 | -4.0% |
| Trade debts | 44 | €4,052 | €9,298 | +€5,246 | +129% |
| Suppliers | 440/4 | €4,052 | €9,298 | +€5,246 | +129% |
| Taxes, remuneration and social security | 45 | €41,923 | €26,873 | -€15,050 | -35.9% |
| Taxes | 450/3 | €39,030 | €24,773 | -€14,257 | -36.5% |
| Remuneration and social security | 454/9 | €2,893 | €2,100 | -€793 | -27.4% |
| Other amounts payable | 47/48 | €206,000 | €205,795 | -€205 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,198 | €15,496 | +€13,298 | +605% |
| Other operating charges | 640/8 | €52,729 | €2,231 | -€50,497 | -95.8% |
| Gross operating margin | 9900 | €327,295 | €247,632 | -€79,663 | -24.3% |
| Operating profit (loss) | 9901 | €272,368 | €229,904 | -€42,464 | -15.6% |
| Financial income | 75/76B | €1,623 | €481 | -€1,142 | -70.3% |
| Recurring financial income | 75 | €1,623 | €481 | -€1,142 | -70.3% |
| Financial charges | 65/66B | €389 | €123 | -€266 | -68.4% |
| Recurring financial charges | 65 | €389 | €123 | -€266 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | €273,602 | €230,263 | -€43,339 | -15.8% |
| Income taxes | 67/77 | €67,374 | €55,914 | -€11,461 | -17.0% |
| Profit (loss) for the period | 9904 | €206,228 | €174,349 | -€31,879 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €206,228 | €174,349 | -€31,879 | -15.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.