PEKO: 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.
PEKO
Largest movements
- Receivables within one year -€50,936
down €50,936 (-81.3%), from €62,689 to €11,753
of which Trade receivables: -€57,267
- Tangible fixed assets -€19,017
down €19,017 (-56.6%), from €33,584 to €14,567
of which Furniture and vehicles: -€20,617
- Stocks and contracts +€14,753
up €14,753 (+57.1%), from €25,842 to €40,595
- Reserves -€95,000
down €95,000 (-98.7%), from €96,283 to €1,283
- Other debts +€76,521
up €76,521 (+68.7%), from €111,408 to €187,929
- Accrued charges and deferred income -€20,890
down €20,890 (-100.0%), from €20,890 to €0
- Tax, wage and social debts -€5,648
down €5,648 (-73.5%), from €7,685 to €2,038
- Current portion of long-term debt -€5,131
down €5,131 (-55.1%), from €9,309 to €4,178
- Gross operating margin +€28,961
up €28,961 (+34.4%), from €84,199 to €113,160
- Taxes +€6,039
up €6,039 (+48.3%), from €12,503 to €18,542
- Depreciation -€1,325
down €1,325 (-5.8%), from €22,880 to €21,554
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 | €258,181 | €200,532 | -€57,649 | -22.3% |
| Fixed assets | 21/28 | €33,584 | €14,567 | -€19,017 | -56.6% |
| Tangible fixed assets | 22/27 | €33,584 | €14,567 | -€19,017 | -56.6% |
| Plant, machinery and equipment | 23 | €1,875 | €3,475 | +€1,600 | +85.3% |
| Furniture and vehicles | 24 | €31,709 | €11,093 | -€20,617 | -65.0% |
| Current assets | 29/58 | €224,597 | €185,964 | -€38,633 | -17.2% |
| Stocks and contracts in progress | 3 | €25,842 | €40,595 | +€14,753 | +57.1% |
| Stocks | 30/36 | €25,842 | €40,595 | +€14,753 | +57.1% |
| Amounts receivable within one year | 40/41 | €62,689 | €11,753 | -€50,936 | -81.3% |
| Trade receivables | 40 | €62,266 | €4,999 | -€57,267 | -92.0% |
| Other amounts receivable | 41 | €424 | €6,755 | +€6,331 | +1493.4% |
| Cash at bank and in hand | 54/58 | €135,645 | €133,187 | -€2,458 | -1.8% |
| Deferred charges and accrued income | 490/1 | €421 | €429 | +€9 | +2.1% |
| Total equity and liabilities | 10/49 | €258,181 | €200,532 | -€57,649 | -22.3% |
| Equity | 10/15 | €101,283 | €6,283 | -€95,000 | -93.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,283 | €1,283 | -€95,000 | -98.7% |
| Distributable reserves | 133 | €96,283 | €1,283 | -€95,000 | -98.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,898 | €194,248 | +€37,351 | +23.8% |
| Amounts payable after more than one year | 17 | €4,178 | €0 | -€4,178 | -100.0% |
| Financial debts | 170/4 | €4,178 | €0 | -€4,178 | -100.0% |
| Amounts payable within one year | 42/48 | €131,829 | €194,248 | +€62,419 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €9,309 | €4,178 | -€5,131 | -55.1% |
| Trade debts | 44 | €3,427 | €103 | -€3,324 | -97.0% |
| Suppliers | 440/4 | €3,427 | €103 | -€3,324 | -97.0% |
| Taxes, remuneration and social security | 45 | €7,685 | €2,038 | -€5,648 | -73.5% |
| Taxes | 450/3 | €7,685 | €2,038 | -€5,648 | -73.5% |
| Other amounts payable | 47/48 | €111,408 | €187,929 | +€76,521 | +68.7% |
| Accrued charges and deferred income | 492/3 | €20,890 | €0 | -€20,890 | -100.0% |
| Non-recurring operating income | 76A | - | €999 | +€999 | |
| Remuneration, social security and pensions | 62 | - | €127 | +€127 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,880 | €21,554 | -€1,325 | -5.8% |
| Other operating charges | 640/8 | €1,404 | €860 | -€544 | -38.8% |
| Gross operating margin | 9900 | €84,199 | €113,160 | +€28,961 | +34.4% |
| Operating profit (loss) | 9901 | €59,915 | €90,619 | +€30,704 | +51.2% |
| Financial income | 75/76B | €3 | €4 | +€1 | +28.9% |
| Recurring financial income | 75 | €3 | €4 | +€1 | +28.9% |
| Financial charges | 65/66B | €2,116 | €2,380 | +€264 | +12.5% |
| Recurring financial charges | 65 | €2,116 | €2,380 | +€264 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €57,802 | €88,243 | +€30,441 | +52.7% |
| Income taxes | 67/77 | €12,503 | €18,542 | +€6,039 | +48.3% |
| Profit (loss) for the period | 9904 | €45,299 | €69,701 | +€24,402 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,299 | €69,701 | +€24,402 | +53.9% |
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 7 October 2026 via checked.be.