PEKAM: 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.
PEKAM
Largest movements
- Cash +€54,092
up €54,092 (+222%), from €24,341 to €78,432
mainly Debts after one year (+€302,067) and Receivables within one year (+€37,481)
- Receivables within one year -€37,481
down €37,481 (-5.4%), from €690,605 to €653,124
of which Other amounts receivable: -€35,037
- Stocks and contracts +€26,961
up €26,961, from €0 to €26,961
- Tangible fixed assets -€19,536
down €19,536 (-17.2%), from €113,580 to €94,044
of which Furniture and vehicles: -€17,125
- Debts after one year +€302,067
up €302,067 (+595%), from €50,806 to €352,874
- Contributions -€249,999
down €249,999 (-100.0%), from €250,000 to €1
- Other debts -€45,000
down €45,000 (-74.9%), from €60,091 to €15,091
- Accrued charges and deferred income +€15,588
up €15,588 (+270%), from €5,776 to €21,364
- Gross operating margin -€429,097
down €429,097 (-88.3%), from €485,861 to €56,763
- Taxes -€127,566
down €127,566 (-99.5%), from €128,210 to €644
- Financial charges +€13,969
up €13,969 (+186%), from €7,506 to €21,475
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 | €848,625 | €872,760 | +€24,134 | +2.8% |
| Fixed assets | 21/28 | €133,680 | €114,144 | -€19,536 | -14.6% |
| Tangible fixed assets | 22/27 | €113,580 | €94,044 | -€19,536 | -17.2% |
| Land and buildings | 22 | €37,445 | €35,545 | -€1,900 | -5.1% |
| Plant, machinery and equipment | 23 | €1,270 | €760 | -€510 | -40.2% |
| Furniture and vehicles | 24 | €74,865 | €57,740 | -€17,125 | -22.9% |
| Financial fixed assets | 28 | €20,100 | €20,100 | = | 0.0% |
| Current assets | 29/58 | €714,946 | €758,616 | +€43,670 | +6.1% |
| Stocks and contracts in progress | 3 | €0 | €26,961 | +€26,961 | |
| Contracts in progress | 37 | €0 | €26,961 | +€26,961 | |
| Amounts receivable within one year | 40/41 | €690,605 | €653,124 | -€37,481 | -5.4% |
| Trade receivables | 40 | €2,444 | €0 | -€2,444 | -100% |
| Other amounts receivable | 41 | €688,161 | €653,124 | -€35,037 | -5.1% |
| Cash at bank and in hand | 54/58 | €24,341 | €78,432 | +€54,092 | +222% |
| Deferred charges and accrued income | 490/1 | - | €99 | +€99 | |
| Total equity and liabilities | 10/49 | €848,625 | €872,760 | +€24,134 | +2.8% |
| Equity | 10/15 | €687,981 | €437,324 | -€250,657 | -36.4% |
| Contributions | 10/11 | €250,000 | €1 | -€249,999 | -100.0% |
| Reserves | 13 | €435,236 | €435,236 | = | 0.0% |
| Distributable reserves | 133 | €435,236 | €435,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,745 | €2,087 | -€658 | -24.0% |
| Amounts payable | 17/49 | €160,644 | €435,436 | +€274,792 | +171% |
| Amounts payable after more than one year | 17 | €50,806 | €352,874 | +€302,067 | +595% |
| Other amounts payable | 178/9 | €50,806 | €352,874 | +€302,067 | +595% |
| Amounts payable within one year | 42/48 | €104,062 | €61,198 | -€42,864 | -41.2% |
| Trade debts | 44 | €761 | €232 | -€529 | -69.5% |
| Suppliers | 440/4 | €761 | €232 | -€529 | -69.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €43,210 | €45,875 | +€2,665 | +6.2% |
| Taxes | 450/3 | €43,210 | €45,875 | +€2,665 | +6.2% |
| Other amounts payable | 47/48 | €60,091 | €15,091 | -€45,000 | -74.9% |
| Accrued charges and deferred income | 492/3 | €5,776 | €21,364 | +€15,588 | +270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,744 | €19,536 | +€792 | +4.2% |
| Other operating charges | 640/8 | €487 | €577 | +€90 | +18.4% |
| Non-recurring operating charges | 66A | - | €190 | +€190 | |
| Gross operating margin | 9900 | €485,861 | €56,763 | -€429,097 | -88.3% |
| Operating profit (loss) | 9901 | €466,629 | €36,460 | -€430,169 | -92.2% |
| Financial income | 75/76B | €2,405 | €0 | -€2,405 | -100% |
| Recurring financial income | 75 | €2,405 | €0 | -€2,405 | -100% |
| Financial charges | 65/66B | €7,506 | €21,475 | +€13,969 | +186% |
| Recurring financial charges | 65 | €7,506 | €21,475 | +€13,969 | +186% |
| Profit (loss) for the period before taxes | 9903 | €461,528 | €14,986 | -€446,542 | -96.8% |
| Income taxes | 67/77 | €128,210 | €644 | -€127,566 | -99.5% |
| Profit (loss) for the period | 9904 | €333,318 | €14,342 | -€318,977 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €333,318 | €14,342 | -€318,977 | -95.7% |
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 19 October 2026 via checked.be.