PEKARACING: 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.
PEKARACING
Largest movements
- Tangible fixed assets -€75,996
down €75,996 (-7.3%), from €1.0m to €971,147
- Receivables within one year +€71,162
up €71,162 (+1468.1%), from €4,847 to €76,009
of which Trade receivables: +€73,841
- Deferred charges and accrued income +€57,217
up €57,217 (+525.1%), from €10,896 to €68,112
- Cash +€28,339
up €28,339 (+858.7%), from €3,300 to €31,639
mainly Depreciation (+€126,043) and Net result for the year (+€74,019)
- Profit (loss) carried forward +€74,019
up €74,019 (+5.3%), from -€1.4m to -€1.3m
- Debts after one year -€71,762
down €71,762 (-41.7%), from €171,947 to €100,184
- Trade debts +€50,685
up €50,685 (+148.7%), from €34,085 to €84,770
- Other debts +€23,060
up €23,060 (+1.4%), from €1.7m to €1.7m
- Gross operating margin +€173,870
up €173,870 (+125.5%), from €138,493 to €312,363
- Depreciation +€9,617
up €9,617 (+8.3%), from €116,426 to €126,043
- Other operating charges +€5,819
up €5,819 (+51.1%), from €11,389 to €17,209
- Staff costs +€3,321
up €3,321 (+4.3%), from €76,805 to €80,126
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 | €2,058,682 | €2,139,404 | +€80,721 | +3.9% |
| Fixed assets | 21/28 | €2,039,639 | €1,963,643 | -€75,996 | -3.7% |
| Tangible fixed assets | 22/27 | €1,047,143 | €971,147 | -€75,996 | -7.3% |
| Land and buildings | 22 | €852,820 | €819,506 | -€33,314 | -3.9% |
| Plant, machinery and equipment | 23 | €38,264 | €33,667 | -€4,597 | -12.0% |
| Furniture and vehicles | 24 | €155,415 | €117,791 | -€37,624 | -24.2% |
| Other tangible fixed assets | 26 | €644 | €183 | -€461 | -71.5% |
| Financial fixed assets | 28 | €992,496 | €992,496 | = | 0.0% |
| Current assets | 29/58 | €19,043 | €175,760 | +€156,717 | +822.9% |
| Amounts receivable within one year | 40/41 | €4,847 | €76,009 | +€71,162 | +1468.1% |
| Trade receivables | 40 | €1,463 | €75,304 | +€73,841 | +5047.2% |
| Other amounts receivable | 41 | €3,384 | €705 | -€2,679 | -79.2% |
| Cash at bank and in hand | 54/58 | €3,300 | €31,639 | +€28,339 | +858.7% |
| Deferred charges and accrued income | 490/1 | €10,896 | €68,112 | +€57,217 | +525.1% |
| Total equity and liabilities | 10/49 | €2,058,682 | €2,139,404 | +€80,721 | +3.9% |
| Equity | 10/15 | €83,209 | €157,229 | +€74,019 | +89.0% |
| Contributions | 10/11 | €1,480,710 | €1,480,710 | = | 0.0% |
| Capital | 10 | €1,480,710 | €1,480,710 | = | 0.0% |
| Issued capital | 100 | €1,480,710 | €1,480,710 | = | 0.0% |
| Reserves | 13 | €10,628 | €10,628 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €4,431 | €4,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,408,128 | -€1,334,109 | +€74,019 | +5.3% |
| Amounts payable | 17/49 | €1,975,473 | €1,982,175 | +€6,702 | +0.3% |
| Amounts payable after more than one year | 17 | €171,947 | €100,184 | -€71,762 | -41.7% |
| Financial debts | 170/4 | €171,947 | €100,184 | -€71,762 | -41.7% |
| Amounts payable within one year | 42/48 | €1,799,012 | €1,877,519 | +€78,506 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €68,992 | €71,762 | +€2,771 | +4.0% |
| Trade debts | 44 | €34,085 | €84,770 | +€50,685 | +148.7% |
| Suppliers | 440/4 | €34,085 | €84,770 | +€50,685 | +148.7% |
| Taxes, remuneration and social security | 45 | €10,662 | €12,652 | +€1,990 | +18.7% |
| Taxes | 450/3 | €2,016 | €3,659 | +€1,642 | +81.4% |
| Remuneration and social security | 454/9 | €8,646 | €8,994 | +€348 | +4.0% |
| Other amounts payable | 47/48 | €1,685,273 | €1,708,334 | +€23,060 | +1.4% |
| Accrued charges and deferred income | 492/3 | €4,514 | €4,472 | -€42 | -0.9% |
| Non-recurring operating income | 76A | - | €1,420 | +€1,420 | |
| Remuneration, social security and pensions | 62 | €76,805 | €80,126 | +€3,321 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,426 | €126,043 | +€9,617 | +8.3% |
| Other operating charges | 640/8 | €11,389 | €17,209 | +€5,819 | +51.1% |
| Gross operating margin | 9900 | €138,493 | €312,363 | +€173,870 | +125.5% |
| Operating profit (loss) | 9901 | -€66,128 | €88,985 | +€155,113 | |
| Financial income | 75/76B | €5 | €41 | +€36 | +750.1% |
| Recurring financial income | 75 | €5 | €41 | +€36 | +750.1% |
| Financial charges | 65/66B | €12,385 | €13,038 | +€653 | +5.3% |
| Recurring financial charges | 65 | €12,385 | €13,038 | +€653 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,508 | €75,989 | +€154,496 | |
| Income taxes | 67/77 | €1,440 | €1,969 | +€529 | +36.7% |
| Profit (loss) for the period | 9904 | -€79,948 | €74,019 | +€153,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,948 | €74,019 | +€153,967 |
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 5 October 2026 via checked.be.