Pesio: 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.
Pesio
Largest movements
- Receivables within one year -€264,011
down €264,011 (-95.2%), from €277,325 to €13,315
of which Trade receivables: -€247,805
- Cash +€214,289
up €214,289 (+568%), from €37,725 to €252,014
mainly Receivables within one year (+€264,011) and Net result for the year (+€113,745)
- Tangible fixed assets -€3,675
down €3,675 (-24.3%), from €15,130 to €11,455
of which Other tangible fixed assets: -€3,218
- Reserves -€119,800
down €119,800 (-100%), from €119,800 to €0
- Other debts +€68,388
up €68,388 (+38.2%), from €179,016 to €247,404
- Trade debts -€4,018
down €4,018 (-86.6%), from €4,640 to €622
- Tax, wage and social debts +€3,936
up €3,936 (+40.3%), from €9,764 to €13,700
of which Remuneration and social security: +€7,253
- Gross operating margin -€47,874
down €47,874 (-20.3%), from €235,502 to €187,628
- Taxes +€32,181
up €32,181 (+587%), from €5,479 to €37,660
- Other operating charges -€6,726
down €6,726 (-18.5%), from €36,396 to €29,670
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 | €333,220 | €281,726 | -€51,494 | -15.5% |
| Fixed assets | 21/28 | €15,905 | €12,230 | -€3,675 | -23.1% |
| Tangible fixed assets | 22/27 | €15,130 | €11,455 | -€3,675 | -24.3% |
| Furniture and vehicles | 24 | €3,354 | €2,897 | -€457 | -13.6% |
| Other tangible fixed assets | 26 | €11,776 | €8,558 | -€3,218 | -27.3% |
| Financial fixed assets | 28 | €775 | €775 | = | 0.0% |
| Current assets | 29/58 | €317,315 | €269,496 | -€47,819 | -15.1% |
| Amounts receivable within one year | 40/41 | €277,325 | €13,315 | -€264,011 | -95.2% |
| Trade receivables | 40 | €247,805 | €0 | -€247,805 | -100% |
| Other amounts receivable | 41 | €29,520 | €13,315 | -€16,205 | -54.9% |
| Cash at bank and in hand | 54/58 | €37,725 | €252,014 | +€214,289 | +568% |
| Deferred charges and accrued income | 490/1 | €2,265 | €4,168 | +€1,903 | +84.0% |
| Total equity and liabilities | 10/49 | €333,220 | €281,726 | -€51,494 | -15.5% |
| Equity | 10/15 | €139,800 | €20,000 | -€119,800 | -85.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €119,800 | €0 | -€119,800 | -100% |
| Distributable reserves | 133 | €119,800 | €0 | -€119,800 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €193,420 | €261,726 | +€68,306 | +35.3% |
| Amounts payable within one year | 42/48 | €193,420 | €261,726 | +€68,306 | +35.3% |
| Trade debts | 44 | €4,640 | €622 | -€4,018 | -86.6% |
| Suppliers | 440/4 | €4,640 | €622 | -€4,018 | -86.6% |
| Taxes, remuneration and social security | 45 | €9,764 | €13,700 | +€3,936 | +40.3% |
| Taxes | 450/3 | €3,317 | €0 | -€3,317 | -100% |
| Remuneration and social security | 454/9 | €6,447 | €13,700 | +€7,253 | +112% |
| Other amounts payable | 47/48 | €179,016 | €247,404 | +€68,388 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,552 | €6,330 | -€222 | -3.4% |
| Other operating charges | 640/8 | €36,396 | €29,670 | -€6,726 | -18.5% |
| Gross operating margin | 9900 | €235,502 | €187,628 | -€47,874 | -20.3% |
| Operating profit (loss) | 9901 | €192,554 | €151,628 | -€40,926 | -21.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €274 | €223 | -€51 | -18.5% |
| Recurring financial charges | 65 | €274 | €223 | -€51 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €192,280 | €151,405 | -€40,876 | -21.3% |
| Income taxes | 67/77 | €5,479 | €37,660 | +€32,181 | +587% |
| Profit (loss) for the period | 9904 | €186,801 | €113,745 | -€73,056 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €186,801 | €113,745 | -€73,056 | -39.1% |
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 18 October 2026 via checked.be.