PESUS: 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.
PESUS
Largest movements
- Receivables within one year +€21,340
up €21,340 (+22.7%), from €94,101 to €115,441
of which Other amounts receivable: +€28,547
- Cash +€14,698
up €14,698 (+49.0%), from €29,975 to €44,672
mainly Net result for the year (+€25,507) and Tax, wage and social debts (+€11,463)
- Deferred charges and accrued income +€2,251
up €2,251 (+20.7%), from €10,856 to €13,107
- Reserves +€25,507
up €25,507 (+22.6%), from €113,035 to €138,543
of which Distributable reserves: +€25,507
- Tax, wage and social debts +€11,463
up €11,463 (+50.8%), from €22,582 to €34,045
- Gross operating margin -€35,888
down €35,888 (-46.2%), from €77,669 to €41,781
- Taxes -€5,923
down €5,923 (-29.5%), from €20,066 to €14,143
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.
Derived cash bridge
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 | €145,200 | €182,989 | +€37,789 | +26.0% |
| Fixed assets | 21/28 | €10,268 | €9,769 | -€500 | -4.9% |
| Tangible fixed assets | 22/27 | €2,050 | €1,550 | -€500 | -24.4% |
| Furniture and vehicles | 24 | €1,021 | €522 | -€500 | -48.9% |
| Other tangible fixed assets | 26 | €1,029 | €1,029 | = | 0.0% |
| Financial fixed assets | 28 | €8,219 | €8,219 | = | 0.0% |
| Current assets | 29/58 | €134,932 | €173,221 | +€38,289 | +28.4% |
| Amounts receivable within one year | 40/41 | €94,101 | €115,441 | +€21,340 | +22.7% |
| Trade receivables | 40 | €12,897 | €5,690 | -€7,207 | -55.9% |
| Other amounts receivable | 41 | €81,204 | €109,751 | +€28,547 | +35.2% |
| Cash at bank and in hand | 54/58 | €29,975 | €44,672 | +€14,698 | +49.0% |
| Deferred charges and accrued income | 490/1 | €10,856 | €13,107 | +€2,251 | +20.7% |
| Total equity and liabilities | 10/49 | €145,200 | €182,989 | +€37,789 | +26.0% |
| Equity | 10/15 | €119,235 | €144,743 | +€25,507 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,035 | €138,543 | +€25,507 | +22.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,175 | €136,683 | +€25,507 | +22.9% |
| Amounts payable | 17/49 | €25,964 | €38,246 | +€12,282 | +47.3% |
| Amounts payable within one year | 42/48 | €25,964 | €38,246 | +€12,282 | +47.3% |
| Trade debts | 44 | €3,382 | €4,201 | +€819 | +24.2% |
| Suppliers | 440/4 | €3,382 | €4,201 | +€819 | +24.2% |
| Taxes, remuneration and social security | 45 | €22,582 | €34,045 | +€11,463 | +50.8% |
| Taxes | 450/3 | €22,582 | €34,045 | +€11,463 | +50.8% |
| Non-recurring operating income | 76A | €33,500 | - | -€33,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €500 | -€250 | -33.4% |
| Other operating charges | 640/8 | €1,483 | €1,220 | -€263 | -17.7% |
| Non-recurring operating charges | 66A | €1,250 | - | -€1,250 | |
| Gross operating margin | 9900 | €77,669 | €41,781 | -€35,888 | -46.2% |
| Operating profit (loss) | 9901 | €74,186 | €40,062 | -€34,124 | -46.0% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €451 | €433 | -€18 | -4.1% |
| Recurring financial charges | 65 | €451 | €433 | -€18 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €73,735 | €39,650 | -€34,084 | -46.2% |
| Income taxes | 67/77 | €20,066 | €14,143 | -€5,923 | -29.5% |
| Profit (loss) for the period | 9904 | €53,669 | €25,507 | -€28,162 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,669 | €25,507 | -€28,162 | -52.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.