PEEMAT: 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.
PEEMAT
Largest movements
- Cash -€173,291
down €173,291 (-46.3%), from €374,429 to €201,138
mainly Other debts (-€188,279) and Receivables within one year (-€57,293)
- Receivables within one year +€57,293
up €57,293 (+1388.8%), from €4,125 to €61,418
of which Trade receivables: +€57,293
- Tangible fixed assets -€54,606
down €54,606 (-15.0%), from €364,429 to €309,823
of which Land and buildings: -€34,536
- Other debts -€188,279
down €188,279 (-72.6%), from €259,457 to €71,177
- Trade debts +€53,269
up €53,269 (+1578.4%), from €3,375 to €56,643
- Current portion of long-term debt -€32,827
no longer reported in 2025 (was €32,827)
- Other operating charges -€1,671
down €1,671 (-11.1%), from €15,030 to €13,359
- Depreciation +€1,669
up €1,669 (+2.9%), from €58,206 to €59,875
- Financial charges -€1,643
down €1,643 (-21.1%), from €7,792 to €6,150
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 | €761,646 | €592,740 | -€168,906 | -22.2% |
| Fixed assets | 21/28 | €368,504 | €313,899 | -€54,606 | -14.8% |
| Tangible fixed assets | 22/27 | €364,429 | €309,823 | -€54,606 | -15.0% |
| Land and buildings | 22 | €289,204 | €254,668 | -€34,536 | -11.9% |
| Plant, machinery and equipment | 23 | €28,028 | €23,283 | -€4,745 | -16.9% |
| Furniture and vehicles | 24 | €47,197 | €31,871 | -€15,325 | -32.5% |
| Financial fixed assets | 28 | €4,076 | €4,076 | = | 0.0% |
| Current assets | 29/58 | €393,142 | €278,841 | -€114,300 | -29.1% |
| Stocks and contracts in progress | 3 | €11,981 | €10,919 | -€1,062 | -8.9% |
| Stocks | 30/36 | €11,981 | €10,919 | -€1,062 | -8.9% |
| Amounts receivable within one year | 40/41 | €4,125 | €61,418 | +€57,293 | +1388.8% |
| Trade receivables | 40 | €3,816 | €61,109 | +€57,293 | +1501.3% |
| Other amounts receivable | 41 | €309 | €309 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €374,429 | €201,138 | -€173,291 | -46.3% |
| Deferred charges and accrued income | 490/1 | €2,607 | €5,366 | +€2,759 | +105.9% |
| Total equity and liabilities | 10/49 | €761,646 | €592,740 | -€168,906 | -22.2% |
| Equity | 10/15 | €361,415 | €362,858 | +€1,443 | +0.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €342,865 | €344,308 | +€1,443 | +0.4% |
| Non-distributable reserves | 130/1 | €85,951 | €85,951 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,451 | €20,451 | = | 0.0% |
| Other | 1319 | €65,500 | €65,500 | = | 0.0% |
| Distributable reserves | 133 | €256,914 | €258,357 | +€1,443 | +0.6% |
| Amounts payable | 17/49 | €400,231 | €229,882 | -€170,349 | -42.6% |
| Amounts payable after more than one year | 17 | €99,131 | €99,131 | = | 0.0% |
| Financial debts | 170/4 | €99,131 | €99,131 | = | 0.0% |
| Amounts payable within one year | 42/48 | €301,100 | €130,751 | -€170,349 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €32,827 | - | -€32,827 | |
| Trade debts | 44 | €3,375 | €56,643 | +€53,269 | +1578.4% |
| Suppliers | 440/4 | €3,375 | €56,643 | +€53,269 | +1578.4% |
| Taxes, remuneration and social security | 45 | €5,441 | €2,930 | -€2,511 | -46.1% |
| Taxes | 450/3 | €5,441 | €2,930 | -€2,511 | -46.1% |
| Other amounts payable | 47/48 | €259,457 | €71,177 | -€188,279 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,206 | €59,875 | +€1,669 | +2.9% |
| Other operating charges | 640/8 | €15,030 | €13,359 | -€1,671 | -11.1% |
| Gross operating margin | 9900 | €81,946 | €81,329 | -€617 | -0.8% |
| Operating profit (loss) | 9901 | €8,709 | €8,094 | -€615 | -7.1% |
| Financial income | 75/76B | €97 | €41 | -€56 | -57.8% |
| Recurring financial income | 75 | €97 | €41 | -€56 | -57.8% |
| Financial charges | 65/66B | €7,792 | €6,150 | -€1,643 | -21.1% |
| Recurring financial charges | 65 | €7,792 | €6,150 | -€1,643 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €1,013 | €1,985 | +€972 | +95.9% |
| Income taxes | 67/77 | €531 | €542 | +€11 | +2.0% |
| Profit (loss) for the period | 9904 | €482 | €1,443 | +€961 | +199.4% |
| Profit (loss) for the period to be appropriated | 9905 | €482 | €1,443 | +€961 | +199.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.