PEMU Invest: what changed
What changed
PEMU Invest
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
-€10,196
2024 · €1,565-€11,761
Equity
€198,783
2024 · €208,978-€10,196
Cash
€242,887
2024 · €9,532+€233,355
Balance sheet total
€1.7m
2024 · €236,625+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.3m
new in 2025: €1.3m
of which Land and buildings: +€1.3m
- Cash +€233,355
up €233,355 (+2,448%), from €9,532 to €242,887
mainly Debts after one year (+€944,477) and Short-term financial debts (+€230,000)
- Receivables within one year -€164,115
down €164,115 (-83.5%), from €196,521 to €32,405
of which Other amounts receivable: -€187,800
Equity and liabilities
- Debts after one year +€944,477
new in 2025: €944,477
- Short-term financial debts +€230,000
new in 2025: €230,000
- Other debts +€182,559
up €182,559 (+697%), from €26,191 to €208,750
- Current portion of long-term debt +€54,406
new in 2025: €54,406
Income statement
- Depreciation +€14,009
new in 2025: €14,009
- Gross operating margin +€10,254
up €10,254 (+194%), from €5,280 to €15,534
- Financial charges +€5,997
up €5,997 (+164%), from €3,666 to €9,663
- Financial income -€1,727
down €1,727 (-100.0%), from €1,727 to €0
- Other operating charges +€1,145
up €1,145 (+125%), from €913 to €2,058
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.
Result 2024
€1,565
Gross operating margin
+€10,254
Depreciation
-€14,009
Other operating charges
-€1,145
Financial income
-€1,727
Financial charges
-€5,997
Taxes
+€862
Result 2025
-€10,196
raises the resultlowers the result
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.
From operations
+€367,782
Investment
-€1.4m
Financing
+€1.2m
Cash 2024
€9,532
From operations (derived)
+€367,782
Net result for the year
-€10,196
Depreciation
+€14,009
Receivables within one year
+€164,115
Trade debts
+€14,945
Tax, wage and social debts
+€2,350
Other debts
+€182,559
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.4m
Financing
+€1.2m
Debts after one year
+€944,477
Current portion of long-term debt
+€54,406
Short-term financial debts
+€230,000
Cash 2025
€242,887
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,625 | €1,655,166 | +€1.4m | +599% |
| Fixed assets | 21/28 | - | €1,349,301 | +€1.3m | |
| Tangible fixed assets | 22/27 | - | €1,349,301 | +€1.3m | |
| Land and buildings | 22 | - | €1,344,802 | +€1.3m | |
| Furniture and vehicles | 24 | - | €4,498 | +€4,498 | |
| Current assets | 29/58 | €236,625 | €305,865 | +€69,240 | +29.3% |
| Stocks and contracts in progress | 3 | €30,572 | €30,572 | = | 0.0% |
| Stocks | 30/36 | €30,572 | €30,572 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,521 | €32,405 | -€164,115 | -83.5% |
| Trade receivables | 40 | €60 | €23,745 | +€23,685 | +39,747% |
| Other amounts receivable | 41 | €196,461 | €8,660 | -€187,800 | -95.6% |
| Cash at bank and in hand | 54/58 | €9,532 | €242,887 | +€233,355 | +2,448% |
| Total equity and liabilities | 10/49 | €236,625 | €1,655,166 | +€1.4m | +599% |
| Equity | 10/15 | €208,978 | €198,783 | -€10,196 | -4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €196,578 | €186,383 | -€10,196 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €194,718 | €186,383 | -€8,336 | -4.3% |
| Amounts payable | 17/49 | €27,647 | €1,456,383 | +€1.4m | +5,168% |
| Amounts payable after more than one year | 17 | - | €944,477 | +€944,477 | |
| Financial debts | 170/4 | - | €944,477 | +€944,477 | |
| Amounts payable within one year | 42/48 | €27,647 | €511,906 | +€484,260 | +1,752% |
| Current portion of amounts payable after more than one year | 42 | - | €54,406 | +€54,406 | |
| Financial debts | 43 | - | €230,000 | +€230,000 | |
| Credit institutions | 430/8 | - | €230,000 | +€230,000 | |
| Trade debts | 44 | €543 | €15,488 | +€14,945 | +2,751% |
| Suppliers | 440/4 | €543 | €15,488 | +€14,945 | +2,751% |
| Taxes, remuneration and social security | 45 | €912 | €3,262 | +€2,350 | +258% |
| Taxes | 450/3 | €912 | €3,262 | +€2,350 | +258% |
| Other amounts payable | 47/48 | €26,191 | €208,750 | +€182,559 | +697% |
| Non-recurring operating income | 76A | €8,186 | - | -€8,186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,009 | +€14,009 | |
| Other operating charges | 640/8 | €913 | €2,058 | +€1,145 | +125% |
| Gross operating margin | 9900 | €5,280 | €15,534 | +€10,254 | +194% |
| Operating profit (loss) | 9901 | €4,367 | -€532 | -€4,899 | |
| Financial income | 75/76B | €1,727 | €0 | -€1,727 | -100.0% |
| Recurring financial income | 75 | €1,727 | €0 | -€1,727 | -100.0% |
| Financial charges | 65/66B | €3,666 | €9,663 | +€5,997 | +164% |
| Recurring financial charges | 65 | €3,666 | €9,663 | +€5,997 | +164% |
| Profit (loss) for the period before taxes | 9903 | €2,427 | -€10,196 | -€12,623 | |
| Income taxes | 67/77 | €862 | - | -€862 | |
| Profit (loss) for the period | 9904 | €1,565 | -€10,196 | -€11,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,565 | -€10,196 | -€11,761 |
Next steps
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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.