Peejays: what changed
Two financial 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.
Peejays
Largest movements
- Financial fixed assets +€450,000
up €450,000 (+60.8%), from €740,262 to €1.2m
- Tangible fixed assets -€30,091
down €30,091 (-34.7%), from €86,791 to €56,700
of which Land and buildings: -€26,760
- Debts after one year +€329,441
up €329,441 (+58.2%), from €566,275 to €895,715
of which Financial debts: +€329,441
- Profit (loss) carried forward +€37,038
up €37,038 (+38.3%), from €96,803 to €133,841
- Current portion of long-term debt +€34,845
up €34,845 (+31.3%), from €111,446 to €146,292
- Other debts -€16,203
down €16,203 (-37.5%), from €43,222 to €27,019
- Tax, wage and social debts +€15,708
up €15,708 (+50.9%), from €30,835 to €46,543
of which Taxes: +€13,179
- Gross operating margin -€13,155
down €13,155 (-9.5%), from €139,028 to €125,873
- Other operating charges +€9,772
up €9,772 (+407%), from €2,399 to €12,171
- Financial charges -€2,779
down €2,779 (-7.7%), from €36,329 to €33,550
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €904,227 | €1,320,436 | +€416,209 | +46.0% |
| Fixed assets | 21/28 | €827,053 | €1,246,962 | +€419,909 | +50.8% |
| Tangible fixed assets | 22/27 | €86,791 | €56,700 | -€30,091 | -34.7% |
| Land and buildings | 22 | €80,280 | €53,520 | -€26,760 | -33.3% |
| Plant, machinery and equipment | 23 | €1,290 | €919 | -€371 | -28.7% |
| Furniture and vehicles | 24 | €5,221 | €2,261 | -€2,960 | -56.7% |
| Financial fixed assets | 28 | €740,262 | €1,190,262 | +€450,000 | +60.8% |
| Current assets | 29/58 | €77,174 | €73,473 | -€3,700 | -4.8% |
| Amounts receivable within one year | 40/41 | €57,042 | €53,432 | -€3,610 | -6.3% |
| Trade receivables | 40 | €55,674 | €52,033 | -€3,641 | -6.5% |
| Other amounts receivable | 41 | €1,369 | €1,399 | +€31 | +2.3% |
| Deferred charges and accrued income | 490/1 | €20,132 | €20,041 | -€91 | -0.5% |
| Total equity and liabilities | 10/49 | €904,227 | €1,320,436 | +€416,209 | +46.0% |
| Equity | 10/15 | €104,863 | €141,901 | +€37,038 | +35.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,803 | €133,841 | +€37,038 | +38.3% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €794,364 | €1,173,534 | +€379,171 | +47.7% |
| Amounts payable after more than one year | 17 | €566,275 | €895,715 | +€329,441 | +58.2% |
| Financial debts | 170/4 | €552,475 | €881,915 | +€329,441 | +59.6% |
| Other amounts payable | 178/9 | €13,800 | €13,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €210,580 | €254,551 | +€43,971 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €111,446 | €146,292 | +€34,845 | +31.3% |
| Financial debts | 43 | €15,860 | €28,598 | +€12,739 | +80.3% |
| Credit institutions | 430/8 | €15,860 | €28,598 | +€12,739 | +80.3% |
| Trade debts | 44 | €9,217 | €6,100 | -€3,118 | -33.8% |
| Suppliers | 440/4 | €9,217 | €6,100 | -€3,118 | -33.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €30,835 | €46,543 | +€15,708 | +50.9% |
| Taxes | 450/3 | €28,038 | €41,217 | +€13,179 | +47.0% |
| Remuneration and social security | 454/9 | €2,797 | €5,326 | +€2,529 | +90.4% |
| Other amounts payable | 47/48 | €43,222 | €27,019 | -€16,203 | -37.5% |
| Accrued charges and deferred income | 492/3 | €17,509 | €23,268 | +€5,759 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,731 | €30,091 | +€359 | +1.2% |
| Other operating charges | 640/8 | €2,399 | €12,171 | +€9,772 | +407% |
| Gross operating margin | 9900 | €139,028 | €125,873 | -€13,155 | -9.5% |
| Operating profit (loss) | 9901 | €106,897 | €83,611 | -€23,286 | -21.8% |
| Financial income | 75/76B | €255 | €19 | -€236 | -92.5% |
| Recurring financial income | 75 | €255 | €19 | -€236 | -92.5% |
| Financial charges | 65/66B | €36,329 | €33,550 | -€2,779 | -7.7% |
| Recurring financial charges | 65 | €36,329 | €33,550 | -€2,779 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €70,823 | €50,081 | -€20,743 | -29.3% |
| Income taxes | 67/77 | €14,373 | €13,042 | -€1,331 | -9.3% |
| Profit (loss) for the period | 9904 | €56,450 | €37,038 | -€19,412 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,450 | €37,038 | -€19,412 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.