PEO: what changed
Two fiscal 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.
PEO
Largest movements
- Receivables within one year -€105,198
down €105,198 (-35.2%), from €299,141 to €193,943
of which Trade receivables: -€94,964
- Cash -€53,715
down €53,715 (-39.7%), from €135,332 to €81,618
mainly Other debts (-€133,409) and Trade debts (-€39,156)
- Financial fixed assets +€18,577
up €18,577 (+226.5%), from €8,200 to €26,777
- Other debts -€133,409
down €133,409 (-100.0%), from €133,409 to €0
- Trade debts -€39,156
down €39,156 (-19.4%), from €201,892 to €162,736
- Profit (loss) carried forward +€34,458
up €34,458 (+80.0%), from €43,060 to €77,519
- Tax, wage and social debts -€4,814
down €4,814 (-10.2%), from €47,320 to €42,506
of which Remuneration and social security: -€10,634
- Gross operating margin +€25,962
up €25,962 (+22.0%), from €118,131 to €144,093
- Staff costs +€11,597
up €11,597 (+13.8%), from €84,333 to €95,930
- Taxes +€3,804
up €3,804 (+47.1%), from €8,069 to €11,873
- Depreciation -€2,130
down €2,130 (-91.6%), from €2,327 to €196
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,141 | €303,221 | -€142,921 | -32.0% |
| Fixed assets | 21/28 | €11,669 | €26,777 | +€15,108 | +129.5% |
| Tangible fixed assets | 22/27 | €3,469 | €0 | -€3,469 | -100.0% |
| Furniture and vehicles | 24 | €3,469 | €0 | -€3,469 | -100.0% |
| Financial fixed assets | 28 | €8,200 | €26,777 | +€18,577 | +226.5% |
| Current assets | 29/58 | €434,473 | €276,444 | -€158,029 | -36.4% |
| Amounts receivable within one year | 40/41 | €299,141 | €193,943 | -€105,198 | -35.2% |
| Trade receivables | 40 | €268,935 | €173,971 | -€94,964 | -35.3% |
| Other amounts receivable | 41 | €30,206 | €19,972 | -€10,234 | -33.9% |
| Cash at bank and in hand | 54/58 | €135,332 | €81,618 | -€53,715 | -39.7% |
| Deferred charges and accrued income | 490/1 | €0 | €883 | +€883 | |
| Total equity and liabilities | 10/49 | €446,141 | €303,221 | -€142,921 | -32.0% |
| Equity | 10/15 | €63,520 | €97,979 | +€34,458 | +54.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,060 | €77,519 | +€34,458 | +80.0% |
| Amounts payable | 17/49 | €382,621 | €205,242 | -€177,379 | -46.4% |
| Amounts payable within one year | 42/48 | €382,621 | €205,242 | -€177,379 | -46.4% |
| Trade debts | 44 | €201,892 | €162,736 | -€39,156 | -19.4% |
| Suppliers | 440/4 | €201,892 | €162,736 | -€39,156 | -19.4% |
| Taxes, remuneration and social security | 45 | €47,320 | €42,506 | -€4,814 | -10.2% |
| Taxes | 450/3 | €23,135 | €28,955 | +€5,820 | +25.2% |
| Remuneration and social security | 454/9 | €24,185 | €13,551 | -€10,634 | -44.0% |
| Other amounts payable | 47/48 | €133,409 | €0 | -€133,409 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,728 | +€2,728 | |
| Remuneration, social security and pensions | 62 | €84,333 | €95,930 | +€11,597 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,327 | €196 | -€2,130 | -91.6% |
| Other operating charges | 640/8 | €1,111 | €1,493 | +€381 | +34.3% |
| Gross operating margin | 9900 | €118,131 | €144,093 | +€25,962 | +22.0% |
| Operating profit (loss) | 9901 | €30,361 | €46,475 | +€16,114 | +53.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €235 | €143 | -€92 | -39.3% |
| Recurring financial charges | 65 | €235 | €143 | -€92 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €30,125 | €46,332 | +€16,206 | +53.8% |
| Income taxes | 67/77 | €8,069 | €11,873 | +€3,804 | +47.1% |
| Profit (loss) for the period | 9904 | €22,056 | €34,458 | +€12,402 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,056 | €34,458 | +€12,402 | +56.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.