PEKIN: 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.
PEKIN
Largest movements
- Receivables within one year +€9,019
up €9,019 (+86.1%), from €10,476 to €19,495
- Tangible fixed assets -€6,012
down €6,012 (-34.1%), from €17,652 to €11,640
- Cash -€4,726
down €4,726 (-42.9%), from €11,022 to €6,296
mainly Contributions, distributions and other (-€12,663) and Receivables within one year (-€9,019)
- Current investments +€3,441
up €3,441 (+19.5%), from €17,650 to €21,091
- Reserves +€8,306
up €8,306 (+11.1%), from €74,564 to €82,870
of which Distributable reserves: +€8,959
- Tax, wage and social debts -€3,109
down €3,109 (-25.0%), from €12,428 to €9,320
- Debts after one year -€2,458
down €2,458 (-40.9%), from €6,009 to €3,551
- Gross operating margin +€4,085
up €4,085 (+13.0%), from €31,333 to €35,418
- Financial income +€2,530
up €2,530 (+126.8%), from €1,996 to €4,526
- Taxes +€1,560
up €1,560 (+21.5%), from €7,269 to €8,829
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 | €137,460 | €139,314 | +€1,854 | +1.3% |
| Fixed assets | 21/28 | €17,652 | €11,640 | -€6,012 | -34.1% |
| Tangible fixed assets | 22/27 | €17,652 | €11,640 | -€6,012 | -34.1% |
| Land and buildings | 22 | €4,853 | €2,712 | -€2,141 | -44.1% |
| Plant, machinery and equipment | 23 | €2,392 | €473 | -€1,919 | -80.2% |
| Furniture and vehicles | 24 | €4,303 | €3,655 | -€648 | -15.1% |
| Leasing and similar rights | 25 | €6,104 | €4,800 | -€1,304 | -21.4% |
| Current assets | 29/58 | €119,808 | €127,674 | +€7,866 | +6.6% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,476 | €19,495 | +€9,019 | +86.1% |
| Other amounts receivable | 41 | €10,476 | €19,495 | +€9,019 | +86.1% |
| Current investments | 50/53 | €17,650 | €21,091 | +€3,441 | +19.5% |
| Cash at bank and in hand | 54/58 | €11,022 | €6,296 | -€4,726 | -42.9% |
| Deferred charges and accrued income | 490/1 | €5,659 | €5,792 | +€133 | +2.3% |
| Total equity and liabilities | 10/49 | €137,460 | €139,314 | +€1,854 | +1.3% |
| Equity | 10/15 | €112,260 | €120,567 | +€8,306 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,564 | €82,870 | +€8,306 | +11.1% |
| Non-distributable reserves | 130/1 | €653 | - | -€653 | |
| Reserves not available under the articles | 1311 | €653 | - | -€653 | |
| Distributable reserves | 133 | €73,911 | €82,870 | +€8,959 | +12.1% |
| Profit (loss) carried forward | 14 | €19,096 | €19,096 | = | 0.0% |
| Amounts payable | 17/49 | €25,199 | €18,747 | -€6,452 | -25.6% |
| Amounts payable after more than one year | 17 | €6,009 | €3,551 | -€2,458 | -40.9% |
| Financial debts | 170/4 | €6,009 | €3,551 | -€2,458 | -40.9% |
| Amounts payable within one year | 42/48 | €19,190 | €15,196 | -€3,994 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €4,883 | €3,743 | -€1,140 | -23.3% |
| Trade debts | 44 | €1,879 | €2,134 | +€255 | +13.6% |
| Suppliers | 440/4 | €1,879 | €2,134 | +€255 | +13.6% |
| Taxes, remuneration and social security | 45 | €12,428 | €9,320 | -€3,109 | -25.0% |
| Taxes | 450/3 | €12,428 | €9,320 | -€3,109 | -25.0% |
| Non-recurring operating income | 76A | - | €6,250 | +€6,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,189 | €7,211 | +€22 | +0.3% |
| Other operating charges | 640/8 | €1,145 | €1,442 | +€297 | +25.9% |
| Gross operating margin | 9900 | €31,333 | €35,418 | +€4,085 | +13.0% |
| Operating profit (loss) | 9901 | €22,998 | €26,765 | +€3,766 | +16.4% |
| Financial income | 75/76B | €1,996 | €4,526 | +€2,530 | +126.8% |
| Recurring financial income | 75 | €1,996 | €4,526 | +€2,530 | +126.8% |
| Financial charges | 65/66B | €1,334 | €1,493 | +€158 | +11.9% |
| Recurring financial charges | 65 | €1,334 | €1,493 | +€158 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €23,660 | €29,797 | +€6,138 | +25.9% |
| Income taxes | 67/77 | €7,269 | €8,829 | +€1,560 | +21.5% |
| Profit (loss) for the period | 9904 | €16,391 | €20,969 | +€4,578 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,391 | €20,969 | +€4,578 | +27.9% |
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.