PEMA SDP: 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.
PEMA SDP
Largest movements
- Tangible fixed assets -€10,228
down €10,228 (-64.3%), from €15,910 to €5,682
of which Furniture and vehicles: -€8,094
- Receivables within one year +€8,451
up €8,451 (+48.1%), from €17,556 to €26,007
of which Trade receivables: +€6,297
- Cash +€3,122
up €3,122 (+10.8%), from €28,819 to €31,941
mainly Other debts (+€12,523) and Net result for the year (+€8,324)
- Reserves -€14,199
down €14,199 (-39.7%), from €35,802 to €21,603
- Other debts +€12,523
new in 2025: €12,523
- Trade debts +€5,386
up €5,386 (+94.0%), from €5,732 to €11,118
- Current portion of long-term debt -€4,483
down €4,483 (-100.0%), from €4,483 to €0
- Tax, wage and social debts +€1,919
up €1,919 (+59.2%), from €3,240 to €5,160
of which Taxes: +€1,919
- Gross operating margin -€8,447
down €8,447 (-27.8%), from €30,370 to €21,923
- Depreciation -€2,777
down €2,777 (-26.3%), from €10,544 to €7,767
- Taxes -€1,755
down €1,755 (-30.0%), from €5,845 to €4,090
- Other operating charges +€689
up €689 (+155.9%), from €442 to €1,131
- Financial charges -€498
down €498 (-51.6%), from €965 to €467
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 | €62,705 | €63,973 | +€1,268 | +2.0% |
| Fixed assets | 21/28 | €15,910 | €5,682 | -€10,228 | -64.3% |
| Tangible fixed assets | 22/27 | €15,910 | €5,682 | -€10,228 | -64.3% |
| Plant, machinery and equipment | 23 | €5,573 | €3,439 | -€2,134 | -38.3% |
| Furniture and vehicles | 24 | €10,337 | €2,243 | -€8,094 | -78.3% |
| Current assets | 29/58 | €46,795 | €58,291 | +€11,496 | +24.6% |
| Amounts receivable within one year | 40/41 | €17,556 | €26,007 | +€8,451 | +48.1% |
| Trade receivables | 40 | €14,305 | €20,602 | +€6,297 | +44.0% |
| Other amounts receivable | 41 | €3,251 | €5,405 | +€2,153 | +66.2% |
| Cash at bank and in hand | 54/58 | €28,819 | €31,941 | +€3,122 | +10.8% |
| Deferred charges and accrued income | 490/1 | €420 | €344 | -€76 | -18.1% |
| Total equity and liabilities | 10/49 | €62,705 | €63,973 | +€1,268 | +2.0% |
| Equity | 10/15 | €45,802 | €31,603 | -€14,199 | -31.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €35,802 | €21,603 | -€14,199 | -39.7% |
| Distributable reserves | 133 | €35,802 | €21,603 | -€14,199 | -39.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €16,903 | €32,370 | +€15,467 | +91.5% |
| Amounts payable after more than one year | 17 | €3,000 | €3,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,455 | €28,800 | +€15,345 | +114.0% |
| Current portion of amounts payable after more than one year | 42 | €4,483 | €0 | -€4,483 | -100.0% |
| Trade debts | 44 | €5,732 | €11,118 | +€5,386 | +94.0% |
| Suppliers | 440/4 | €5,732 | €11,118 | +€5,386 | +94.0% |
| Taxes, remuneration and social security | 45 | €3,240 | €5,160 | +€1,919 | +59.2% |
| Taxes | 450/3 | €3,240 | €5,160 | +€1,919 | +59.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €12,523 | +€12,523 | |
| Accrued charges and deferred income | 492/3 | €448 | €570 | +€122 | +27.3% |
| Non-recurring operating income | 76A | €536 | €1,124 | +€587 | +109.5% |
| Remuneration, social security and pensions | 62 | -€425 | €0 | +€425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,544 | €7,767 | -€2,777 | -26.3% |
| Other operating charges | 640/8 | €442 | €1,131 | +€689 | +155.9% |
| Non-recurring operating charges | 66A | €0 | €381 | +€381 | |
| Gross operating margin | 9900 | €30,370 | €21,923 | -€8,447 | -27.8% |
| Operating profit (loss) | 9901 | €19,809 | €12,643 | -€7,165 | -36.2% |
| Financial income | 75/76B | €280 | €238 | -€42 | -15.0% |
| Recurring financial income | 75 | €280 | €238 | -€42 | -15.0% |
| Financial charges | 65/66B | €965 | €467 | -€498 | -51.6% |
| Recurring financial charges | 65 | €965 | €467 | -€498 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €19,123 | €12,414 | -€6,709 | -35.1% |
| Income taxes | 67/77 | €5,845 | €4,090 | -€1,755 | -30.0% |
| Profit (loss) for the period | 9904 | €13,279 | €8,324 | -€4,955 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,279 | €8,324 | -€4,955 | -37.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.