PESO: 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.
PESO
Largest movements
- Tangible fixed assets -€11,624
down €11,624 (-4.5%), from €256,621 to €244,998
of which Land and buildings: -€12,426
- Receivables within one year -€4,683
down €4,683 (-14.7%), from €31,822 to €27,139
- Profit (loss) carried forward -€21,462
down €21,462 (-25.9%), from -€82,921 to -€104,382
- Short-term financial debts +€4,133
new in 2025: €4,133
- Gross operating margin +€8,842
up €8,842 (+65.8%), from -€13,447 to -€4,605
- Other operating charges -€339
down €339 (-7.3%), from €4,651 to €4,312
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.
Cash bridge derived
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 | €292,647 | €277,277 | -€15,370 | -5.3% |
| Fixed assets | 21/28 | €256,621 | €244,998 | -€11,624 | -4.5% |
| Tangible fixed assets | 22/27 | €256,621 | €244,998 | -€11,624 | -4.5% |
| Land and buildings | 22 | €256,621 | €244,195 | -€12,426 | -4.8% |
| Furniture and vehicles | 24 | - | €802 | +€802 | |
| Current assets | 29/58 | €36,026 | €32,279 | -€3,746 | -10.4% |
| Amounts receivable within one year | 40/41 | €31,822 | €27,139 | -€4,683 | -14.7% |
| Other amounts receivable | 41 | €31,822 | €27,139 | -€4,683 | -14.7% |
| Cash at bank and in hand | 54/58 | €4,154 | €5,095 | +€940 | +22.6% |
| Deferred charges and accrued income | 490/1 | €49 | €45 | -€4 | -7.3% |
| Total equity and liabilities | 10/49 | €292,647 | €277,277 | -€15,370 | -5.3% |
| Equity | 10/15 | €267,704 | €246,242 | -€21,462 | -8.0% |
| Reserves | 13 | €350,625 | €350,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €338,062 | €338,062 | = | 0.0% |
| Distributable reserves | 133 | €12,563 | €12,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,921 | -€104,382 | -€21,462 | -25.9% |
| Amounts payable | 17/49 | €24,943 | €31,035 | +€6,091 | +24.4% |
| Amounts payable within one year | 42/48 | €24,943 | €30,623 | +€5,680 | +22.8% |
| Financial debts | 43 | - | €4,133 | +€4,133 | |
| Credit institutions | 430/8 | - | €4,133 | +€4,133 | |
| Trade debts | 44 | €3,649 | €2,844 | -€804 | -22.0% |
| Suppliers | 440/4 | €3,649 | €2,844 | -€804 | -22.0% |
| Other amounts payable | 47/48 | €21,295 | €23,647 | +€2,352 | +11.0% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Non-recurring operating income | 76A | €332 | - | -€332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,553 | €12,638 | +€85 | +0.7% |
| Other operating charges | 640/8 | €4,651 | €4,312 | -€339 | -7.3% |
| Gross operating margin | 9900 | -€13,447 | -€4,605 | +€8,842 | +65.8% |
| Operating profit (loss) | 9901 | -€30,650 | -€21,555 | +€9,095 | +29.7% |
| Financial income | 75/76B | €456 | €322 | -€134 | -29.3% |
| Recurring financial income | 75 | €456 | €322 | -€134 | -29.3% |
| Financial charges | 65/66B | €147 | €229 | +€82 | +56.0% |
| Recurring financial charges | 65 | €147 | €229 | +€82 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,341 | -€21,462 | +€8,879 | +29.3% |
| Profit (loss) for the period | 9904 | -€30,341 | -€21,462 | +€8,879 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,341 | -€21,462 | +€8,879 | +29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.