Pesto: 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.
Pesto
Largest movements
- Stocks and contracts -€12,988
no longer reported in 2025 (was €12,988)
- Tangible fixed assets +€12,369
up €12,369 (+60.7%), from €20,383 to €32,751
of which Furniture and vehicles: +€18,784
- Cash +€8,680
up €8,680 (+29.1%), from €29,861 to €38,542
mainly Depreciation (+€13,169) and Stocks and contracts (+€12,988)
- Receivables within one year -€7,497
down €7,497 (-53.3%), from €14,069 to €6,573
of which Trade receivables: -€8,187
- Deferred charges and accrued income +€6,479
up €6,479 (+118%), from €5,495 to €11,974
- Trade debts -€19,404
down €19,404 (-94.8%), from €20,470 to €1,065
- Reserves +€12,646
up €12,646 (+22.6%), from €55,877 to €68,523
of which Distributable reserves: +€12,646
- Advances received +€10,651
new in 2025: €10,651
- Tax, wage and social debts +€1,759
up €1,759 (+26.6%), from €6,607 to €8,366
- Other debts +€1,117
up €1,117 (+56.8%), from €1,967 to €3,084
- Staff costs +€95,917
up €95,917 (+3,724%), from €2,576 to €98,493
- Gross operating margin +€93,691
up €93,691 (+204%), from €46,003 to €139,694
- Depreciation -€2,312
down €2,312 (-14.9%), from €15,481 to €13,169
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 | €93,596 | €100,365 | +€6,769 | +7.2% |
| Fixed assets | 21/28 | €20,657 | €32,751 | +€12,094 | +58.5% |
| Intangible fixed assets | 21 | €274 | - | -€274 | |
| Tangible fixed assets | 22/27 | €20,383 | €32,751 | +€12,369 | +60.7% |
| Plant, machinery and equipment | 23 | €8,555 | - | -€8,555 | |
| Furniture and vehicles | 24 | €11,828 | €30,612 | +€18,784 | +159% |
| Other tangible fixed assets | 26 | - | €2,139 | +€2,139 | |
| Current assets | 29/58 | €72,939 | €67,614 | -€5,325 | -7.3% |
| Amounts receivable after more than one year | 29 | €10,522 | €10,522 | = | 0.0% |
| Other amounts receivable | 291 | €10,522 | €10,522 | = | 0.0% |
| Stocks and contracts in progress | 3 | €12,988 | - | -€12,988 | |
| Stocks | 30/36 | €12,988 | - | -€12,988 | |
| Amounts receivable within one year | 40/41 | €14,069 | €6,573 | -€7,497 | -53.3% |
| Trade receivables | 40 | €14,069 | €5,882 | -€8,187 | -58.2% |
| Other amounts receivable | 41 | - | €691 | +€691 | |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,861 | €38,542 | +€8,680 | +29.1% |
| Deferred charges and accrued income | 490/1 | €5,495 | €11,974 | +€6,479 | +118% |
| Total equity and liabilities | 10/49 | €93,596 | €100,365 | +€6,769 | +7.2% |
| Equity | 10/15 | €64,553 | €77,199 | +€12,646 | +19.6% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €55,877 | €68,523 | +€12,646 | +22.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €54,017 | €66,664 | +€12,646 | +23.4% |
| Amounts payable | 17/49 | €29,043 | €23,166 | -€5,877 | -20.2% |
| Amounts payable within one year | 42/48 | €29,043 | €23,166 | -€5,877 | -20.2% |
| Trade debts | 44 | €20,470 | €1,065 | -€19,404 | -94.8% |
| Suppliers | 440/4 | €20,470 | €1,065 | -€19,404 | -94.8% |
| Advances received on contracts in progress | 46 | - | €10,651 | +€10,651 | |
| Taxes, remuneration and social security | 45 | €6,607 | €8,366 | +€1,759 | +26.6% |
| Taxes | 450/3 | €6,607 | €8,366 | +€1,759 | +26.6% |
| Other amounts payable | 47/48 | €1,967 | €3,084 | +€1,117 | +56.8% |
| Non-recurring operating income | 76A | - | €3,642 | +€3,642 | |
| Remuneration, social security and pensions | 62 | €2,576 | €98,493 | +€95,917 | +3,724% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,481 | €13,169 | -€2,312 | -14.9% |
| Other operating charges | 640/8 | €1,631 | €656 | -€975 | -59.8% |
| Non-recurring operating charges | 66A | €1,133 | €4,176 | +€3,043 | +268% |
| Gross operating margin | 9900 | €46,003 | €139,694 | +€93,691 | +204% |
| Operating profit (loss) | 9901 | €25,182 | €23,200 | -€1,982 | -7.9% |
| Financial income | 75/76B | €41 | €10 | -€31 | -75.8% |
| Recurring financial income | 75 | €41 | €10 | -€31 | -75.8% |
| Financial charges | 65/66B | €1,332 | €1,259 | -€73 | -5.5% |
| Recurring financial charges | 65 | €1,332 | €1,259 | -€73 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €23,891 | €21,951 | -€1,940 | -8.1% |
| Income taxes | 67/77 | €10,095 | €9,305 | -€790 | -7.8% |
| Profit (loss) for the period | 9904 | €13,796 | €12,646 | -€1,150 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,796 | €12,646 | -€1,150 | -8.3% |
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 14 October 2026 via checked.be.