PEEM: 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.
PEEM
Largest movements
- Stocks and contracts +€1.6m
new in 2024: €1.6m
- Receivables within one year +€95,150
up €95,150 (+12519.7%), from €760 to €95,910
of which Other amounts receivable: +€95,910
- Short-term financial debts +€2.3m
new in 2024: €2.3m
- Other debts -€625,339
down €625,339 (-99.8%), from €626,339 to €1,000
- Trade debts +€369,616
up €369,616 (+16105.3%), from €2,295 to €371,911
- Debts after one year -€181,947
down €181,947 (-100.0%), from €181,947 to €0
- Profit (loss) carried forward -€96,767
down €96,767 (-15.9%), from -€608,384 to -€705,151
- Financial charges +€72,509
up €72,509 (+416.0%), from €17,430 to €89,939
- Depreciation -€50,436
no longer reported in 2024 (was €50,436)
- Staff costs +€24,078
new in 2024: €24,078
- Gross operating margin -€12,728
down €12,728 (-34.6%), from €36,832 to €24,104
- Other operating charges -€1,560
down €1,560 (-16.9%), from €9,224 to €7,664
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 | €1,750,599 | €3,436,036 | +€1.7m | +96.3% |
| Fixed assets | 21/28 | €1,747,784 | €1,747,783 | -€1 | 0.0% |
| Tangible fixed assets | 22/27 | €1,747,784 | €1,747,783 | -€1 | 0.0% |
| Land and buildings | 22 | €1,740,249 | €1,740,249 | -€0 | 0.0% |
| Plant, machinery and equipment | 23 | €7,535 | €7,535 | -€0 | 0.0% |
| Current assets | 29/58 | €2,815 | €1,688,253 | +€1.7m | +59873.4% |
| Amounts receivable after more than one year | 29 | - | €950 | +€950 | |
| Trade receivables | 290 | - | €950 | +€950 | |
| Stocks and contracts in progress | 3 | - | €1,577,024 | +€1.6m | |
| Stocks | 30/36 | - | €1,577,024 | +€1.6m | |
| Amounts receivable within one year | 40/41 | €760 | €95,910 | +€95,150 | +12519.7% |
| Trade receivables | 40 | €760 | €0 | -€760 | -100.0% |
| Other amounts receivable | 41 | - | €95,910 | +€95,910 | |
| Cash at bank and in hand | 54/58 | €1,440 | €9,071 | +€7,631 | +529.9% |
| Deferred charges and accrued income | 490/1 | €615 | €5,298 | +€4,683 | +761.4% |
| Total equity and liabilities | 10/49 | €1,750,599 | €3,436,036 | +€1.7m | +96.3% |
| Equity | 10/15 | €863,797 | €767,030 | -€96,767 | -11.2% |
| Contributions | 10/11 | €818,600 | €818,600 | = | 0.0% |
| Revaluation surpluses | 12 | €653,581 | €653,581 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€608,384 | -€705,151 | -€96,767 | -15.9% |
| Amounts payable | 17/49 | €886,802 | €2,669,006 | +€1.8m | +201.0% |
| Amounts payable after more than one year | 17 | €181,947 | €0 | -€181,947 | -100.0% |
| Financial debts | 170/4 | €181,947 | €0 | -€181,947 | -100.0% |
| Amounts payable within one year | 42/48 | €704,739 | €2,669,006 | +€2.0m | +278.7% |
| Current portion of amounts payable after more than one year | 42 | €74,987 | €14,073 | -€60,914 | -81.2% |
| Financial debts | 43 | - | €2,270,541 | +€2.3m | |
| Credit institutions | 430/8 | - | €2,270,541 | +€2.3m | |
| Trade debts | 44 | €2,295 | €371,911 | +€369,616 | +16105.3% |
| Suppliers | 440/4 | €2,295 | €371,911 | +€369,616 | +16105.3% |
| Taxes, remuneration and social security | 45 | €1,118 | €11,480 | +€10,362 | +926.8% |
| Taxes | 450/3 | €1,118 | €7,191 | +€6,073 | +543.2% |
| Remuneration and social security | 454/9 | - | €4,289 | +€4,289 | |
| Other amounts payable | 47/48 | €626,339 | €1,000 | -€625,339 | -99.8% |
| Accrued charges and deferred income | 492/3 | €116 | €0 | -€116 | -100.0% |
| Non-recurring operating income | 76A | €11,087 | - | -€11,087 | |
| Remuneration, social security and pensions | 62 | - | €24,078 | +€24,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,436 | - | -€50,436 | |
| Other operating charges | 640/8 | €9,224 | €7,664 | -€1,560 | -16.9% |
| Gross operating margin | 9900 | €36,832 | €24,104 | -€12,728 | -34.6% |
| Operating profit (loss) | 9901 | -€22,828 | -€7,638 | +€15,190 | +66.5% |
| Financial income | 75/76B | - | €809 | +€809 | |
| Recurring financial income | 75 | - | €809 | +€809 | |
| Financial charges | 65/66B | €17,430 | €89,939 | +€72,509 | +416.0% |
| Recurring financial charges | 65 | €17,430 | €89,939 | +€72,509 | +416.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,258 | -€96,767 | -€56,509 | -140.4% |
| Profit (loss) for the period | 9904 | -€40,258 | -€96,767 | -€56,509 | -140.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,258 | -€96,767 | -€56,509 | -140.4% |
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.