Pegel: 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.
Pegel
Largest movements
- Cash +€19,897
up €19,897 (+112.0%), from €17,763 to €37,660
mainly Net result for the year (+€13,625) and Tax, wage and social debts (+€5,955)
- Tangible fixed assets -€931
down €931 (-21.2%), from €4,387 to €3,456
- Reserves +€12,766
up €12,766 (+91.5%), from €13,956 to €26,721
- Tax, wage and social debts +€5,955
up €5,955 (+241.1%), from €2,469 to €8,424
of which Taxes: +€4,742
- Depreciation +€664
up €664 (+248.6%), from €267 to €931
- Taxes +€496
up €496 (+7.9%), from €6,243 to €6,738
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 | €22,415 | €41,116 | +€18,702 | +83.4% |
| Fixed assets | 21/28 | €4,387 | €3,456 | -€931 | -21.2% |
| Tangible fixed assets | 22/27 | €4,387 | €3,456 | -€931 | -21.2% |
| Other tangible fixed assets | 26 | €4,387 | €3,456 | -€931 | -21.2% |
| Current assets | 29/58 | €18,027 | €37,660 | +€19,633 | +108.9% |
| Amounts receivable within one year | 40/41 | €264 | €0 | -€264 | -100.0% |
| Other amounts receivable | 41 | €264 | €0 | -€264 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,763 | €37,660 | +€19,897 | +112.0% |
| Total equity and liabilities | 10/49 | €22,415 | €41,116 | +€18,702 | +83.4% |
| Equity | 10/15 | €15,956 | €28,721 | +€12,766 | +80.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,956 | €26,721 | +€12,766 | +91.5% |
| Distributable reserves | 133 | €13,956 | €26,721 | +€12,766 | +91.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,459 | €12,395 | +€5,936 | +91.9% |
| Amounts payable within one year | 42/48 | €6,459 | €12,395 | +€5,936 | +91.9% |
| Trade debts | 44 | €2,954 | €2,910 | -€44 | -1.5% |
| Suppliers | 440/4 | €2,954 | €2,910 | -€44 | -1.5% |
| Taxes, remuneration and social security | 45 | €2,469 | €8,424 | +€5,955 | +241.1% |
| Taxes | 450/3 | €1,243 | €5,985 | +€4,742 | +381.7% |
| Remuneration and social security | 454/9 | €1,227 | €2,439 | +€1,212 | +98.8% |
| Other amounts payable | 47/48 | €1,036 | €1,061 | +€25 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267 | €931 | +€664 | +248.6% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140.0% |
| Gross operating margin | 9900 | €21,372 | €21,466 | +€95 | +0.4% |
| Operating profit (loss) | 9901 | €21,055 | €20,415 | -€639 | -3.0% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €48 | €53 | +€4 | +8.9% |
| Recurring financial charges | 65 | €48 | €53 | +€4 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €21,031 | €20,363 | -€669 | -3.2% |
| Income taxes | 67/77 | €6,243 | €6,738 | +€496 | +7.9% |
| Profit (loss) for the period | 9904 | €14,789 | €13,625 | -€1,164 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,789 | €13,625 | -€1,164 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.