Pema Services: 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 Services
Largest movements
- Cash -€184,147
down €184,147 (-87.7%), from €209,959 to €25,813
mainly Investment in fixed assets (net) (-€188,266) and Receivables within one year (-€28,840)
- Tangible fixed assets +€170,878
up €170,878 (+3,418%), from €5,000 to €175,878
of which Assets under construction and advance payments: +€170,878
- Receivables within one year +€28,840
up €28,840, from €0 to €28,840
- Financial fixed assets +€17,388
new in 2025: €17,388
- Trade debts +€34,496
up €34,496 (+8,270%), from €417 to €34,913
- Taxes -€133,448
no longer reported in 2025 (was €133,448)
- Gross operating margin -€683
down €683 (-302%), from -€226 to -€910
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
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.
Derived cash bridge
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 | €214,959 | €247,919 | +€32,959 | +15.3% |
| Fixed assets | 21/28 | €5,000 | €193,266 | +€188,266 | +3,765% |
| Tangible fixed assets | 22/27 | €5,000 | €175,878 | +€170,878 | +3,418% |
| Land and buildings | 22 | €5,000 | €5,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €170,878 | +€170,878 | |
| Financial fixed assets | 28 | - | €17,388 | +€17,388 | |
| Current assets | 29/58 | €209,959 | €54,653 | -€155,306 | -74.0% |
| Amounts receivable within one year | 40/41 | €0 | €28,840 | +€28,840 | |
| Other amounts receivable | 41 | €0 | €28,840 | +€28,840 | |
| Cash at bank and in hand | 54/58 | €209,959 | €25,813 | -€184,147 | -87.7% |
| Total equity and liabilities | 10/49 | €214,959 | €247,919 | +€32,959 | +15.3% |
| Equity | 10/15 | €180,627 | €179,557 | -€1,070 | -0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €168,227 | €167,157 | -€1,070 | -0.6% |
| Distributable reserves | 133 | €168,227 | €167,157 | -€1,070 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €34,332 | €68,362 | +€34,029 | +99.1% |
| Amounts payable after more than one year | 17 | €467 | - | -€467 | |
| Other amounts payable | 178/9 | €467 | - | -€467 | |
| Amounts payable within one year | 42/48 | €33,865 | €68,362 | +€34,496 | +102% |
| Trade debts | 44 | €417 | €34,913 | +€34,496 | +8,270% |
| Suppliers | 440/4 | €417 | €34,913 | +€34,496 | +8,270% |
| Taxes, remuneration and social security | 45 | €33,448 | €33,448 | = | 0.0% |
| Taxes | 450/3 | €33,448 | €33,448 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Gross operating margin | 9900 | -€226 | -€910 | -€683 | -302% |
| Operating profit (loss) | 9901 | -€732 | -€1,030 | -€298 | -40.7% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€771 | -€1,070 | -€299 | -38.8% |
| Transfer from deferred taxes | 780 | €137,790 | - | -€137,790 | |
| Income taxes | 67/77 | €133,448 | - | -€133,448 | |
| Profit (loss) for the period | 9904 | €3,571 | -€1,070 | -€4,641 | |
| Transfer from tax-exempt reserves | 789 | €413,371 | - | -€413,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €416,942 | -€1,070 | -€418,012 |
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 22 October 2026 via checked.be.