Pekoconstruct: 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.
Pekoconstruct
Largest movements
- Receivables within one year -€102,016
down €102,016 (-49.8%), from €204,835 to €102,819
- Cash +€72,977
up €72,977 (+19.6%), from €371,778 to €444,755
mainly Other debts (+€264,047) and Receivables within one year (+€102,016)
- Tangible fixed assets -€25,730
down €25,730 (-7.9%), from €324,368 to €298,639
of which Land and buildings: -€23,052
- Other debts +€264,047
up €264,047 (+59004.8%), from €448 to €264,494
- Reserves -€241,030
down €241,030 (-35.3%), from €682,287 to €441,258
of which Distributable reserves: -€240,837
- Tax, wage and social debts -€62,882
down €62,882 (-84.9%), from €74,054 to €11,172
- Debts after one year -€42,050
down €42,050 (-41.7%), from €100,869 to €58,818
of which Financial debts: -€42,050
- Trade debts +€27,689
up €27,689 (+383.7%), from €7,216 to €34,905
- Gross operating margin -€56,181
down €56,181 (-39.1%), from €143,801 to €87,621
- Taxes -€16,149
down €16,149 (-53.2%), from €30,375 to €14,226
- Financial charges -€2,915
down €2,915 (-33.4%), from €8,720 to €5,805
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 | €927,978 | €874,946 | -€53,032 | -5.7% |
| Fixed assets | 21/28 | €349,368 | €323,639 | -€25,730 | -7.4% |
| Tangible fixed assets | 22/27 | €324,368 | €298,639 | -€25,730 | -7.9% |
| Land and buildings | 22 | €314,278 | €291,225 | -€23,052 | -7.3% |
| Plant, machinery and equipment | 23 | €8,375 | €5,948 | -€2,427 | -29.0% |
| Furniture and vehicles | 24 | €1,716 | €1,466 | -€250 | -14.6% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €578,609 | €551,307 | -€27,302 | -4.7% |
| Amounts receivable within one year | 40/41 | €204,835 | €102,819 | -€102,016 | -49.8% |
| Trade receivables | 40 | €204,835 | €102,819 | -€102,016 | -49.8% |
| Cash at bank and in hand | 54/58 | €371,778 | €444,755 | +€72,977 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,997 | €3,733 | +€1,736 | +87.0% |
| Total equity and liabilities | 10/49 | €927,978 | €874,946 | -€53,032 | -5.7% |
| Equity | 10/15 | €700,837 | €459,808 | -€241,030 | -34.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €682,287 | €441,258 | -€241,030 | -35.3% |
| Tax-exempt reserves | 132 | €2,508 | €2,315 | -€193 | -7.7% |
| Distributable reserves | 133 | €679,779 | €438,943 | -€240,837 | -35.4% |
| Provisions and deferred taxes | 16 | €627 | €579 | -€48 | -7.7% |
| Deferred taxes | 168 | €627 | €579 | -€48 | -7.7% |
| Amounts payable | 17/49 | €226,513 | €414,559 | +€188,046 | +83.0% |
| Amounts payable after more than one year | 17 | €100,869 | €58,818 | -€42,050 | -41.7% |
| Financial debts | 170/4 | €85,869 | €43,818 | -€42,050 | -49.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €123,087 | €352,621 | +€229,534 | +186.5% |
| Current portion of amounts payable after more than one year | 42 | €41,369 | €42,050 | +€681 | +1.6% |
| Trade debts | 44 | €7,216 | €34,905 | +€27,689 | +383.7% |
| Suppliers | 440/4 | €7,216 | €34,905 | +€27,689 | +383.7% |
| Taxes, remuneration and social security | 45 | €74,054 | €11,172 | -€62,882 | -84.9% |
| Taxes | 450/3 | €74,054 | €11,172 | -€62,882 | -84.9% |
| Other amounts payable | 47/48 | €448 | €264,494 | +€264,047 | +59004.8% |
| Accrued charges and deferred income | 492/3 | €2,558 | €3,120 | +€562 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,730 | €25,730 | = | 0.0% |
| Other operating charges | 640/8 | €5,165 | €4,862 | -€302 | -5.9% |
| Gross operating margin | 9900 | €143,801 | €87,621 | -€56,181 | -39.1% |
| Operating profit (loss) | 9901 | €112,907 | €57,029 | -€55,878 | -49.5% |
| Financial income | 75/76B | €560 | €0 | -€560 | -100.0% |
| Recurring financial income | 75 | €560 | €0 | -€560 | -100.0% |
| Financial charges | 65/66B | €8,720 | €5,805 | -€2,915 | -33.4% |
| Recurring financial charges | 65 | €8,720 | €5,805 | -€2,915 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €104,747 | €51,224 | -€53,523 | -51.1% |
| Transfer from deferred taxes | 780 | €48 | €48 | = | 0.0% |
| Income taxes | 67/77 | €30,375 | €14,226 | -€16,149 | -53.2% |
| Profit (loss) for the period | 9904 | €74,420 | €37,046 | -€37,374 | -50.2% |
| Transfer from tax-exempt reserves | 789 | €193 | €193 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,613 | €37,239 | -€37,374 | -50.1% |
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 12 October 2026 via checked.be.