PEJ-FERRANT: 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.
PEJ-FERRANT
Largest movements
- Tangible fixed assets -€13,126
down €13,126 (-2.4%), from €539,215 to €526,088
of which Land and buildings: -€15,311
- Profit (loss) carried forward +€65,852
up €65,852 (+198.6%), from €33,151 to €99,003
- Other debts -€33,437
down €33,437 (-24.7%), from €135,548 to €102,111
- Current portion of long-term debt -€17,839
down €17,839 (-54.1%), from €32,977 to €15,138
- Debts after one year -€14,455
down €14,455 (-58.1%), from €24,875 to €10,420
- Reserves -€5,941
down €5,941 (-2.6%), from €228,304 to €222,363
of which Tax-exempt reserves: -€5,941
- Gross operating margin +€53,913
up €53,913 (+78.8%), from €68,402 to €122,314
- Taxes +€12,951
up €12,951 (+144.3%), from €8,973 to €21,924
- Depreciation +€2,874
up €2,874 (+8.4%), from €34,252 to €37,126
- Financial charges -€1,294
down €1,294 (-34.6%), from €3,742 to €2,448
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 | €549,556 | €538,956 | -€10,600 | -1.9% |
| Fixed assets | 21/28 | €539,215 | €526,088 | -€13,126 | -2.4% |
| Tangible fixed assets | 22/27 | €539,215 | €526,088 | -€13,126 | -2.4% |
| Land and buildings | 22 | €391,792 | €376,481 | -€15,311 | -3.9% |
| Plant, machinery and equipment | 23 | €147,422 | €149,607 | +€2,185 | +1.5% |
| Current assets | 29/58 | €10,341 | €12,868 | +€2,526 | +24.4% |
| Amounts receivable within one year | 40/41 | €4,000 | €7,466 | +€3,466 | +86.7% |
| Trade receivables | 40 | €0 | €389 | +€389 | |
| Other amounts receivable | 41 | €4,000 | €7,077 | +€3,077 | +76.9% |
| Current investments | 50/53 | €658 | €664 | +€6 | +0.9% |
| Cash at bank and in hand | 54/58 | €3,924 | €2,905 | -€1,019 | -26.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €1,833 | +€73 | +4.2% |
| Total equity and liabilities | 10/49 | €549,556 | €538,956 | -€10,600 | -1.9% |
| Equity | 10/15 | €273,863 | €333,774 | +€59,911 | +21.9% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €228,304 | €222,363 | -€5,941 | -2.6% |
| Tax-exempt reserves | 132 | €156,444 | €150,503 | -€5,941 | -3.8% |
| Distributable reserves | 133 | €71,860 | €71,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,151 | €99,003 | +€65,852 | +198.6% |
| Provisions and deferred taxes | 16 | €80,556 | €77,497 | -€3,059 | -3.8% |
| Deferred taxes | 168 | €80,556 | €77,497 | -€3,059 | -3.8% |
| Amounts payable | 17/49 | €195,137 | €127,685 | -€67,452 | -34.6% |
| Amounts payable after more than one year | 17 | €24,875 | €10,420 | -€14,455 | -58.1% |
| Financial debts | 170/4 | €24,875 | €10,420 | -€14,455 | -58.1% |
| Amounts payable within one year | 42/48 | €170,240 | €117,249 | -€52,991 | -31.1% |
| Current portion of amounts payable after more than one year | 42 | €32,977 | €15,138 | -€17,839 | -54.1% |
| Trade debts | 44 | €42 | €0 | -€42 | -100.0% |
| Suppliers | 440/4 | €42 | €0 | -€42 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,673 | €0 | -€1,673 | -100.0% |
| Taxes | 450/3 | €1,673 | €0 | -€1,673 | -100.0% |
| Other amounts payable | 47/48 | €135,548 | €102,111 | -€33,437 | -24.7% |
| Accrued charges and deferred income | 492/3 | €22 | €15 | -€6 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,252 | €37,126 | +€2,874 | +8.4% |
| Other operating charges | 640/8 | €3,802 | €3,971 | +€169 | +4.5% |
| Gross operating margin | 9900 | €68,402 | €122,314 | +€53,913 | +78.8% |
| Operating profit (loss) | 9901 | €30,348 | €81,217 | +€50,869 | +167.6% |
| Financial income | 75/76B | €3 | €7 | +€4 | +114.0% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +114.0% |
| Financial charges | 65/66B | €3,742 | €2,448 | -€1,294 | -34.6% |
| Recurring financial charges | 65 | €3,742 | €2,448 | -€1,294 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €26,609 | €78,776 | +€52,167 | +196.0% |
| Transfer from deferred taxes | 780 | €3,059 | €3,059 | = | 0.0% |
| Income taxes | 67/77 | €8,973 | €21,924 | +€12,951 | +144.3% |
| Profit (loss) for the period | 9904 | €20,695 | €59,911 | +€39,216 | +189.5% |
| Transfer from tax-exempt reserves | 789 | €5,941 | €5,941 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,636 | €65,852 | +€39,216 | +147.2% |
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 3 October 2026 via checked.be.