PEMA SANG: what changed
PEMA SANG
Largest movements
- Tangible fixed assets -€20,568
down €20,568 (-12.8%), from €160,311 to €139,742
of which Land and buildings: -€14,149
- Receivables within one year -€12,456
down €12,456 (-71.2%), from €17,486 to €5,030
of which Other amounts receivable: -€11,190
- Cash -€3,812
down €3,812 (-100%), from €3,812 to €0
mainly Net result for the year (-€36,011) and Debts after one year (-€31,690)
- Profit (loss) carried forward -€36,011
down €36,011, from €11,619 to -€24,392
- Debts after one year -€31,690
down €31,690 (-27.5%), from €115,290 to €83,600
- Tax, wage and social debts +€16,091
up €16,091 (+5,556%), from €290 to €16,381
of which Remuneration and social security: +€16,091
- Other debts +€13,534
new in 2025: €13,534
- Short-term financial debts +€8,159
up €8,159 (+229%), from €3,564 to €11,722
- Gross operating margin -€44,419
down €44,419, from €40,940 to -€3,479
- Depreciation -€5,000
down €5,000 (-18.5%), from €27,069 to €22,068
- Other operating charges +€1,554
up €1,554 (+69.0%), from €2,252 to €3,806
- Financial income -€611
no longer reported in 2025 (was €611)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,074 | €151,722 | -€38,352 | -20.2% |
| Fixed assets | 21/28 | €167,211 | €146,692 | -€20,518 | -12.3% |
| Intangible fixed assets | 21 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Tangible fixed assets | 22/27 | €160,311 | €139,742 | -€20,568 | -12.8% |
| Land and buildings | 22 | €148,252 | €134,104 | -€14,149 | -9.5% |
| Plant, machinery and equipment | 23 | €1,233 | €510 | -€722 | -58.6% |
| Furniture and vehicles | 24 | €569 | €0 | -€569 | -100% |
| Other tangible fixed assets | 26 | €10,256 | €5,128 | -€5,128 | -50.0% |
| Financial fixed assets | 28 | €3,900 | €5,450 | +€1,550 | +39.7% |
| Current assets | 29/58 | €22,863 | €5,030 | -€17,833 | -78.0% |
| Amounts receivable within one year | 40/41 | €17,486 | €5,030 | -€12,456 | -71.2% |
| Trade receivables | 40 | €1,266 | €0 | -€1,266 | -100% |
| Other amounts receivable | 41 | €16,220 | €5,030 | -€11,190 | -69.0% |
| Cash at bank and in hand | 54/58 | €3,812 | €0 | -€3,812 | -100% |
| Deferred charges and accrued income | 490/1 | €1,566 | €0 | -€1,566 | -100% |
| Total equity and liabilities | 10/49 | €190,074 | €151,722 | -€38,352 | -20.2% |
| Equity | 10/15 | €32,079 | -€3,932 | -€36,011 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €11,619 | -€24,392 | -€36,011 | |
| Amounts payable | 17/49 | €157,995 | €155,654 | -€2,340 | -1.5% |
| Amounts payable after more than one year | 17 | €115,290 | €83,600 | -€31,690 | -27.5% |
| Financial debts | 170/4 | €115,290 | €83,600 | -€31,690 | -27.5% |
| Amounts payable within one year | 42/48 | €42,705 | €72,054 | +€29,350 | +68.7% |
| Current portion of amounts payable after more than one year | 42 | €28,413 | €30,417 | +€2,004 | +7.1% |
| Financial debts | 43 | €3,564 | €11,722 | +€8,159 | +229% |
| Credit institutions | 430/8 | €3,564 | €11,722 | +€8,159 | +229% |
| Trade debts | 44 | €6,651 | €0 | -€6,651 | -100% |
| Suppliers | 440/4 | €6,651 | €0 | -€6,651 | -100% |
| Advances received on contracts in progress | 46 | €3,787 | €0 | -€3,787 | -100% |
| Taxes, remuneration and social security | 45 | €290 | €16,381 | +€16,091 | +5,556% |
| Taxes | 450/3 | €290 | €290 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €16,091 | +€16,091 | |
| Other amounts payable | 47/48 | - | €13,534 | +€13,534 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,069 | €22,068 | -€5,000 | -18.5% |
| Other operating charges | 640/8 | €2,252 | €3,806 | +€1,554 | +69.0% |
| Gross operating margin | 9900 | €40,940 | -€3,479 | -€44,419 | |
| Operating profit (loss) | 9901 | €11,619 | -€29,353 | -€40,972 | |
| Financial income | 75/76B | €611 | - | -€611 | |
| Recurring financial income | 75 | €611 | - | -€611 | |
| Financial charges | 65/66B | €6,911 | €6,658 | -€253 | -3.7% |
| Recurring financial charges | 65 | €6,911 | €6,658 | -€253 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €5,319 | -€36,011 | -€41,330 | |
| Income taxes | 67/77 | €290 | - | -€290 | |
| Profit (loss) for the period | 9904 | €5,029 | -€36,011 | -€41,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,029 | -€36,011 | -€41,041 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.