Peje: 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.
Peje
Largest movements
- Receivables within one year +€257,104
up €257,104 (+642.7%), from €40,002 to €297,106
of which Trade receivables: +€263,239
- Tangible fixed assets -€13,898
down €13,898 (-38.4%), from €36,159 to €22,260
of which Furniture and vehicles: -€9,805
- Intangible fixed assets -€13,667
down €13,667 (-10.3%), from €132,111 to €118,444
- Trade debts +€128,023
up €128,023 (+349.1%), from €36,672 to €164,695
- Profit (loss) carried forward +€69,737
no longer reported in 2025 (was -€69,737)
- Advances received +€55,909
new in 2025: €55,909
- Debts after one year -€45,874
down €45,874 (-32.0%), from €143,402 to €97,528
of which Financial debts: -€43,874
- Reserves +€15,578
new in 2025: €15,578
- Gross operating margin +€197,766
up €197,766 (+213.2%), from €92,746 to €290,512
- Staff costs +€20,019
up €20,019 (+14.3%), from €140,456 to €160,475
- Depreciation +€6,989
up €6,989 (+41.2%), from €16,964 to €23,953
- Taxes +€3,682
up €3,682 (+3241.8%), from €114 to €3,795
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 | €239,296 | €462,153 | +€222,857 | +93.1% |
| Fixed assets | 21/28 | €168,270 | €140,705 | -€27,565 | -16.4% |
| Intangible fixed assets | 21 | €132,111 | €118,444 | -€13,667 | -10.3% |
| Tangible fixed assets | 22/27 | €36,159 | €22,260 | -€13,898 | -38.4% |
| Plant, machinery and equipment | 23 | €12,998 | €8,904 | -€4,094 | -31.5% |
| Furniture and vehicles | 24 | €23,161 | €13,357 | -€9,805 | -42.3% |
| Current assets | 29/58 | €71,026 | €321,448 | +€250,422 | +352.6% |
| Stocks and contracts in progress | 3 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Stocks | 30/36 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Amounts receivable within one year | 40/41 | €40,002 | €297,106 | +€257,104 | +642.7% |
| Trade receivables | 40 | €32,821 | €296,060 | +€263,239 | +802.0% |
| Other amounts receivable | 41 | €7,181 | €1,046 | -€6,134 | -85.4% |
| Cash at bank and in hand | 54/58 | €19,919 | €15,332 | -€4,588 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,105 | €1,510 | +€406 | +36.7% |
| Total equity and liabilities | 10/49 | €239,296 | €462,153 | +€222,857 | +93.1% |
| Equity | 10/15 | -€66,737 | €18,578 | +€85,315 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €15,578 | +€15,578 | |
| Distributable reserves | 133 | - | €15,578 | +€15,578 | |
| Profit (loss) carried forward | 14 | -€69,737 | - | +€69,737 | |
| Amounts payable | 17/49 | €306,033 | €443,575 | +€137,542 | +44.9% |
| Amounts payable after more than one year | 17 | €143,402 | €97,528 | -€45,874 | -32.0% |
| Financial debts | 170/4 | €141,402 | €97,528 | -€43,874 | -31.0% |
| Other amounts payable | 178/9 | €2,000 | - | -€2,000 | |
| Amounts payable within one year | 42/48 | €162,630 | €345,982 | +€183,352 | +112.7% |
| Current portion of amounts payable after more than one year | 42 | €56,616 | €43,874 | -€12,742 | -22.5% |
| Trade debts | 44 | €36,672 | €164,695 | +€128,023 | +349.1% |
| Suppliers | 440/4 | €36,672 | €164,695 | +€128,023 | +349.1% |
| Advances received on contracts in progress | 46 | - | €55,909 | +€55,909 | |
| Taxes, remuneration and social security | 45 | €4,946 | €8,010 | +€3,064 | +61.9% |
| Taxes | 450/3 | €4,946 | €5,842 | +€896 | +18.1% |
| Remuneration and social security | 454/9 | - | €2,168 | +€2,168 | |
| Other amounts payable | 47/48 | €64,396 | €73,494 | +€9,099 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €65 | +€65 | |
| Remuneration, social security and pensions | 62 | €140,456 | €160,475 | +€20,019 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,964 | €23,953 | +€6,989 | +41.2% |
| Other operating charges | 640/8 | €5,103 | €2,267 | -€2,836 | -55.6% |
| Non-recurring operating charges | 66A | - | €1,959 | +€1,959 | |
| Gross operating margin | 9900 | €92,746 | €290,512 | +€197,766 | +213.2% |
| Operating profit (loss) | 9901 | -€69,777 | €101,858 | +€171,636 | |
| Financial income | 75/76B | €250 | €140 | -€110 | -43.9% |
| Recurring financial income | 75 | €250 | €140 | -€110 | -43.9% |
| Financial charges | 65/66B | €12,446 | €12,888 | +€442 | +3.6% |
| Recurring financial charges | 65 | €12,446 | €12,888 | +€442 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€81,973 | €89,110 | +€171,084 | |
| Income taxes | 67/77 | €114 | €3,795 | +€3,682 | +3241.8% |
| Profit (loss) for the period | 9904 | -€82,087 | €85,315 | +€167,402 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,087 | €85,315 | +€167,402 |
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 11 October 2026 via checked.be.