Peignora: 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.
Peignora
Largest movements
- Current investments +€550,000
up €550,000, from €0 to €550,000
- Tangible fixed assets -€48,181
down €48,181 (-93.7%), from €51,443 to €3,262
of which Land and buildings: -€46,513
- Cash +€30,576
up €30,576 (+230%), from €13,295 to €43,871
mainly Net result for the year (+€547,789) and Tax, wage and social debts (+€47,372)
- Stocks and contracts -€15,118
down €15,118 (-98.1%), from €15,404 to €286
- Receivables within one year -€11,927
down €11,927 (-17.1%), from €69,573 to €57,646
of which Trade receivables: -€23,150
- Reserves +€537,927
up €537,927 (+765%), from €70,295 to €608,222
of which Distributable reserves: +€537,927
- Current portion of long-term debt -€75,000
down €75,000 (-100%), from €75,000 to €0
- Tax, wage and social debts +€47,372
up €47,372 (+4,957%), from €956 to €48,328
of which Taxes: +€48,328
- Other debts -€19,646
down €19,646 (-88.8%), from €22,117 to €2,471
- Profit (loss) carried forward +€9,861
up €9,861, from -€9,861 to €0
- Gross operating margin +€925,566
up €925,566, from -€268,493 to €657,072
- Taxes +€51,200
new in 2025: €51,200
- Financial charges +€27,534
up €27,534 (+111%), from €24,717 to €52,251
- Staff costs -€17,956
down €17,956 (-86.4%), from €20,786 to €2,831
- Other operating charges -€15,847
down €15,847 (-68.9%), from €23,010 to €7,164
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
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 | €320,555 | €825,121 | +€504,566 | +157% |
| Fixed assets | 21/28 | €56,907 | €6,442 | -€50,465 | -88.7% |
| Intangible fixed assets | 21 | €2,879 | €930 | -€1,949 | -67.7% |
| Tangible fixed assets | 22/27 | €51,443 | €3,262 | -€48,181 | -93.7% |
| Land and buildings | 22 | €46,513 | €0 | -€46,513 | -100% |
| Plant, machinery and equipment | 23 | €2,497 | €553 | -€1,944 | -77.9% |
| Furniture and vehicles | 24 | €2,417 | €2,709 | +€292 | +12.1% |
| Other tangible fixed assets | 26 | €16 | €0 | -€16 | -100% |
| Financial fixed assets | 28 | €2,585 | €2,250 | -€335 | -13.0% |
| Current assets | 29/58 | €263,648 | €818,679 | +€555,031 | +211% |
| Amounts receivable after more than one year | 29 | €163,020 | €163,020 | = | 0.0% |
| Other amounts receivable | 291 | €163,020 | €163,020 | = | 0.0% |
| Stocks and contracts in progress | 3 | €15,404 | €286 | -€15,118 | -98.1% |
| Stocks | 30/36 | €15,404 | €286 | -€15,118 | -98.1% |
| Amounts receivable within one year | 40/41 | €69,573 | €57,646 | -€11,927 | -17.1% |
| Trade receivables | 40 | €65,486 | €42,336 | -€23,150 | -35.4% |
| Other amounts receivable | 41 | €4,087 | €15,310 | +€11,223 | +275% |
| Current investments | 50/53 | €0 | €550,000 | +€550,000 | |
| Cash at bank and in hand | 54/58 | €13,295 | €43,871 | +€30,576 | +230% |
| Deferred charges and accrued income | 490/1 | €2,357 | €3,856 | +€1,499 | +63.6% |
| Total equity and liabilities | 10/49 | €320,555 | €825,121 | +€504,566 | +157% |
| Equity | 10/15 | €207,686 | €755,474 | +€547,789 | +264% |
| Contributions | 10/11 | €147,252 | €147,252 | = | 0.0% |
| Capital | 10 | €147,252 | €147,252 | = | 0.0% |
| Issued capital | 100 | €147,252 | €147,252 | = | 0.0% |
| Reserves | 13 | €70,295 | €608,222 | +€537,927 | +765% |
| Non-distributable reserves | 130/1 | €14,725 | €14,725 | = | 0.0% |
| Legal reserve | 130 | €14,725 | €14,725 | = | 0.0% |
| Own shares acquired | 1312 | €0 | - | = | |
| Tax-exempt reserves | 132 | €55,570 | €55,570 | = | 0.0% |
| Distributable reserves | 133 | €0 | €537,927 | +€537,927 | |
| Profit (loss) carried forward | 14 | -€9,861 | €0 | +€9,861 | |
| Amounts payable | 17/49 | €112,869 | €69,646 | -€43,223 | -38.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €112,435 | €67,952 | -€44,483 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €0 | -€75,000 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €14,363 | €17,154 | +€2,791 | +19.4% |
| Suppliers | 440/4 | €14,363 | €17,154 | +€2,791 | +19.4% |
| Taxes, remuneration and social security | 45 | €956 | €48,328 | +€47,372 | +4,957% |
| Taxes | 450/3 | €0 | €48,328 | +€48,328 | |
| Remuneration and social security | 454/9 | €956 | €0 | -€956 | -100% |
| Other amounts payable | 47/48 | €22,117 | €2,471 | -€19,646 | -88.8% |
| Accrued charges and deferred income | 492/3 | €434 | €1,694 | +€1,260 | +290% |
| Non-recurring operating income | 76A | €327 | €652,152 | +€651,825 | +199,037% |
| Remuneration, social security and pensions | 62 | €20,786 | €2,831 | -€17,956 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,743 | €3,548 | -€195 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,984 | +€1,984 | |
| Other operating charges | 640/8 | €23,010 | €7,164 | -€15,847 | -68.9% |
| Gross operating margin | 9900 | -€268,493 | €657,072 | +€925,566 | |
| Operating profit (loss) | 9901 | -€316,033 | €641,546 | +€957,580 | |
| Financial income | 75/76B | €8,045 | €9,693 | +€1,648 | +20.5% |
| Recurring financial income | 75 | €8,045 | €9,693 | +€1,648 | +20.5% |
| Financial charges | 65/66B | €24,717 | €52,251 | +€27,534 | +111% |
| Recurring financial charges | 65 | €24,717 | €52,251 | +€27,534 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€332,705 | €598,988 | +€931,694 | |
| Income taxes | 67/77 | - | €51,200 | +€51,200 | |
| Profit (loss) for the period | 9904 | -€332,705 | €547,789 | +€880,494 | |
| Profit (loss) for the period to be appropriated | 9905 | -€332,705 | €547,789 | +€880,494 |
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 28 October 2026 via checked.be.