PEE & CO: 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.
PEE & CO
Largest movements
- Tangible fixed assets +€64,443
up €64,443 (+58.0%), from €111,041 to €175,484
of which Furniture and vehicles: +€92,127
- Cash +€3,392
up €3,392 (+6.0%), from €56,214 to €59,605
mainly Net result for the year (+€43,941) and Depreciation (+€40,075)
- Reserves +€32,941
up €32,941 (+51.1%), from €64,445 to €97,386
of which Distributable reserves: +€32,941
- Debts after one year +€18,331
up €18,331 (+32.4%), from €56,607 to €74,938
- Other debts +€14,168
up €14,168 (+431.2%), from €3,286 to €17,454
- Gross operating margin +€42,374
up €42,374 (+66.8%), from €63,437 to €105,811
- Taxes +€8,685
up €8,685 (+186.0%), from €4,669 to €13,353
- Staff costs -€1,825
down €1,825 (-100.0%), from €1,825 to €0
- Depreciation -€1,725
down €1,725 (-4.1%), from €41,800 to €40,075
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,634 | €240,641 | +€69,007 | +40.2% |
| Fixed assets | 21/28 | €111,041 | €175,484 | +€64,443 | +58.0% |
| Tangible fixed assets | 22/27 | €111,041 | €175,484 | +€64,443 | +58.0% |
| Land and buildings | 22 | €8,017 | €5,732 | -€2,285 | -28.5% |
| Plant, machinery and equipment | 23 | €56,346 | €50,944 | -€5,402 | -9.6% |
| Furniture and vehicles | 24 | €914 | €93,041 | +€92,127 | +10082.8% |
| Other tangible fixed assets | 26 | €45,764 | €25,766 | -€19,998 | -43.7% |
| Current assets | 29/58 | €60,593 | €65,157 | +€4,564 | +7.5% |
| Stocks and contracts in progress | 3 | €2,206 | €2,639 | +€433 | +19.6% |
| Stocks | 30/36 | €2,206 | €2,639 | +€433 | +19.6% |
| Amounts receivable within one year | 40/41 | €24 | €45 | +€21 | +87.5% |
| Trade receivables | 40 | €24 | €45 | +€21 | +87.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €56,214 | €59,605 | +€3,392 | +6.0% |
| Deferred charges and accrued income | 490/1 | €2,149 | €2,868 | +€719 | +33.5% |
| Total equity and liabilities | 10/49 | €171,634 | €240,641 | +€69,007 | +40.2% |
| Equity | 10/15 | €83,045 | €115,986 | +€32,941 | +39.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,445 | €97,386 | +€32,941 | +51.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €64,445 | €97,386 | +€32,941 | +51.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €88,589 | €124,654 | +€36,065 | +40.7% |
| Amounts payable after more than one year | 17 | €56,607 | €74,938 | +€18,331 | +32.4% |
| Financial debts | 170/4 | €56,607 | €74,938 | +€18,331 | +32.4% |
| Amounts payable within one year | 42/48 | €31,982 | €49,716 | +€17,734 | +55.5% |
| Current portion of amounts payable after more than one year | 42 | €20,927 | €23,232 | +€2,305 | +11.0% |
| Trade debts | 44 | €1,774 | €922 | -€852 | -48.0% |
| Suppliers | 440/4 | €1,774 | €922 | -€852 | -48.0% |
| Taxes, remuneration and social security | 45 | €5,995 | €8,108 | +€2,114 | +35.3% |
| Taxes | 450/3 | €5,995 | €8,108 | +€2,114 | +35.3% |
| Other amounts payable | 47/48 | €3,286 | €17,454 | +€14,168 | +431.2% |
| Non-recurring operating income | 76A | - | €26,000 | +€26,000 | |
| Remuneration, social security and pensions | 62 | €1,825 | €0 | -€1,825 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,800 | €40,075 | -€1,725 | -4.1% |
| Other operating charges | 640/8 | €4,280 | €4,289 | +€9 | +0.2% |
| Gross operating margin | 9900 | €63,437 | €105,811 | +€42,374 | +66.8% |
| Operating profit (loss) | 9901 | €15,532 | €61,447 | +€45,916 | +295.6% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €3,622 | €4,157 | +€535 | +14.8% |
| Recurring financial charges | 65 | €3,622 | €4,157 | +€535 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €11,910 | €57,294 | +€45,384 | +381.1% |
| Income taxes | 67/77 | €4,669 | €13,353 | +€8,685 | +186.0% |
| Profit (loss) for the period | 9904 | €7,242 | €43,941 | +€36,700 | +506.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,242 | €43,941 | +€36,700 | +506.8% |
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 1 October 2026 via checked.be.