PESCH - MACHINES: what changed
What changed
PESCH - MACHINES
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
€115,999
2024 · €84,073+€31,926
Equity
€2.0m
2024 · €2.1m-€84,001
Cash
€393,732
2024 · €556,102-€162,370
Balance sheet total
€5.2m
2024 · €2.7m+€2.5m
Largest movements
Assets
- Stocks and contracts +€2.3m
up €2.3m (+245%), from €950,691 to €3.3m
- Receivables within one year +€220,358
up €220,358 (+20.6%), from €1.1m to €1.3m
of which Trade receivables: +€133,473
- Deferred charges and accrued income +€167,411
up €167,411 (+1,278%), from €13,099 to €180,510
- Cash -€162,370
down €162,370 (-29.2%), from €556,102 to €393,732
mainly Stocks and contracts (-€2.3m) and Receivables within one year (-€220,358)
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+477%), from €272,799 to €1.6m
- Short-term financial debts +€800,000
new in 2025: €800,000
- Other debts +€588,165
up €588,165 (+668%), from €88,063 to €676,228
- Advances received -€125,000
down €125,000 (-83.3%), from €150,000 to €25,000
- Reserves -€100,000
down €100,000 (-21.0%), from €476,200 to €376,200
of which Distributable reserves: -€100,000
Income statement
- Gross operating margin +€79,435
up €79,435 (+46.8%), from €169,782 to €249,217
- Write-downs +€71,700
up €71,700 (+93.5%), from -€76,700 to -€5,000
- Taxes -€46,743
down €46,743 (-47.7%), from €97,894 to €51,151
- Other operating charges +€15,650
up €15,650 (+450%), from €3,476 to €19,126
- Financial charges +€6,557
up €6,557 (+35.0%), from €18,755 to €25,312
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
€84,073
Gross operating margin
+€79,435
Staff costs
+€3,538
Depreciation
-€3,631
Write-downs
-€71,700
Other operating charges
-€15,650
Other operating items
-€358
Financial income
+€105
Financial charges
-€6,557
Taxes
+€46,743
Result 2025
€115,999
raises the resultlowers the resultnot broken down further in the accounts
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
-€751,071
Investment
-€11,299
Financing
+€600,000
Cash 2024
€556,102
From operations (derived)
-€751,071
Net result for the year
+€115,999
Depreciation
+€30,359
Receivables after one year
+€12,120
Stocks and contracts
-€2.3m
Receivables within one year
-€220,358
Deferred charges and accrued income
-€167,411
Trade debts
+€1.3m
Tax, wage and social debts
+€38,734
Advances received
-€125,000
Other debts
+€588,165
Accrued charges and deferred income
+€869
Investment (derived)
-€11,299
Investment in fixed assets (net)
-€11,299
Financing
+€600,000
Short-term financial debts
+€800,000
Contributions, distributions and other
-€200,000
Cash 2025
€393,732
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,702,513 | €5,223,181 | +€2.5m | +93.3% |
| Fixed assets | 21/28 | €99,925 | €80,866 | -€19,060 | -19.1% |
| Tangible fixed assets | 22/27 | €99,925 | €80,866 | -€19,060 | -19.1% |
| Plant, machinery and equipment | 23 | €5,856 | €2,832 | -€3,024 | -51.6% |
| Furniture and vehicles | 24 | €23,864 | €14,350 | -€9,513 | -39.9% |
| Other tangible fixed assets | 26 | €70,205 | €63,683 | -€6,522 | -9.3% |
| Current assets | 29/58 | €2,602,587 | €5,142,316 | +€2.5m | +97.6% |
| Amounts receivable after more than one year | 29 | €12,120 | - | -€12,120 | |
| Other amounts receivable | 291 | €12,120 | - | -€12,120 | |
| Stocks and contracts in progress | 3 | €950,691 | €3,277,141 | +€2.3m | +245% |
| Stocks | 30/36 | €950,691 | €3,277,141 | +€2.3m | +245% |
| Amounts receivable within one year | 40/41 | €1,070,575 | €1,290,933 | +€220,358 | +20.6% |
| Trade receivables | 40 | €608,563 | €742,036 | +€133,473 | +21.9% |
| Other amounts receivable | 41 | €462,012 | €548,897 | +€86,885 | +18.8% |
| Cash at bank and in hand | 54/58 | €556,102 | €393,732 | -€162,370 | -29.2% |
| Deferred charges and accrued income | 490/1 | €13,099 | €180,510 | +€167,411 | +1,278% |
| Total equity and liabilities | 10/49 | €2,702,513 | €5,223,181 | +€2.5m | +93.3% |
| Equity | 10/15 | €2,093,475 | €2,009,474 | -€84,001 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €476,200 | €376,200 | -€100,000 | -21.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €470,000 | €370,000 | -€100,000 | -21.3% |
| Profit (loss) carried forward | 14 | €1,555,275 | €1,571,274 | +€15,999 | +1.0% |
| Amounts payable | 17/49 | €609,038 | €3,213,708 | +€2.6m | +428% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €533,522 | €3,137,323 | +€2.6m | +488% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,000 | = | 0.0% |
| Financial debts | 43 | - | €800,000 | +€800,000 | |
| Credit institutions | 430/8 | - | €800,000 | +€800,000 | |
| Trade debts | 44 | €272,799 | €1,574,701 | +€1.3m | +477% |
| Suppliers | 440/4 | €272,799 | €1,574,701 | +€1.3m | +477% |
| Advances received on contracts in progress | 46 | €150,000 | €25,000 | -€125,000 | -83.3% |
| Taxes, remuneration and social security | 45 | €14,660 | €53,393 | +€38,734 | +264% |
| Taxes | 450/3 | €14,660 | €46,285 | +€31,625 | +216% |
| Remuneration and social security | 454/9 | - | €7,109 | +€7,109 | |
| Other amounts payable | 47/48 | €88,063 | €676,228 | +€588,165 | +668% |
| Accrued charges and deferred income | 492/3 | €516 | €1,385 | +€869 | +168% |
| Remuneration, social security and pensions | 62 | €15,601 | €12,063 | -€3,538 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,728 | €30,359 | +€3,631 | +13.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€76,700 | -€5,000 | +€71,700 | +93.5% |
| Other operating charges | 640/8 | €3,476 | €19,126 | +€15,650 | +450% |
| Non-recurring operating charges | 66A | - | €358 | +€358 | |
| Gross operating margin | 9900 | €169,782 | €249,217 | +€79,435 | +46.8% |
| Operating profit (loss) | 9901 | €200,677 | €192,312 | -€8,365 | -4.2% |
| Financial income | 75/76B | €45 | €150 | +€105 | +232% |
| Recurring financial income | 75 | €45 | €150 | +€105 | +232% |
| Financial charges | 65/66B | €18,755 | €25,312 | +€6,557 | +35.0% |
| Recurring financial charges | 65 | €18,755 | €25,312 | +€6,557 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €181,967 | €167,150 | -€14,817 | -8.1% |
| Income taxes | 67/77 | €97,894 | €51,151 | -€46,743 | -47.7% |
| Profit (loss) for the period | 9904 | €84,073 | €115,999 | +€31,926 | +38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,073 | €115,999 | +€31,926 | +38.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.