PEVABO: 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.
PEVABO
Largest movements
- Receivables within one year -€35,253
down €35,253 (-61.5%), from €57,318 to €22,065
of which Other amounts receivable: -€31,930
- Cash -€16,810
down €16,810 (-16.2%), from €103,859 to €87,049
mainly Contributions, distributions and other (-€55,000) and Tax, wage and social debts (-€24,424)
- Deferred charges and accrued income -€2,436
no longer reported in 2025 (was €2,436)
- Tax, wage and social debts -€24,424
down €24,424 (-73.8%), from €33,108 to €8,684
- Accrued charges and deferred income -€19,533
no longer reported in 2025 (was €19,533)
- Trade debts -€5,779
down €5,779 (-68.6%), from €8,424 to €2,645
- Reserves -€4,529
down €4,529 (-2.5%), from €179,113 to €174,584
- Gross operating margin -€37,680
down €37,680 (-33.9%), from €111,040 to €73,360
- Taxes -€9,530
down €9,530 (-40.3%), from €23,670 to €14,141
- Financial charges +€4,305
up €4,305 (+188.2%), from €2,288 to €6,593
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 | €243,177 | €188,913 | -€54,264 | -22.3% |
| Fixed assets | 21/28 | €6,031 | €6,266 | +€236 | +3.9% |
| Tangible fixed assets | 22/27 | €6,031 | €6,266 | +€236 | +3.9% |
| Plant, machinery and equipment | 23 | €4,900 | €6,189 | +€1,288 | +26.3% |
| Furniture and vehicles | 24 | €1,131 | €78 | -€1,053 | -93.1% |
| Current assets | 29/58 | €237,147 | €182,647 | -€54,500 | -23.0% |
| Amounts receivable after more than one year | 29 | €73,533 | €73,533 | = | 0.0% |
| Trade receivables | 290 | €73,533 | €73,533 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,318 | €22,065 | -€35,253 | -61.5% |
| Trade receivables | 40 | €20,013 | €16,689 | -€3,324 | -16.6% |
| Other amounts receivable | 41 | €37,306 | €5,376 | -€31,930 | -85.6% |
| Cash at bank and in hand | 54/58 | €103,859 | €87,049 | -€16,810 | -16.2% |
| Deferred charges and accrued income | 490/1 | €2,436 | - | -€2,436 | |
| Total equity and liabilities | 10/49 | €243,177 | €188,913 | -€54,264 | -22.3% |
| Equity | 10/15 | €182,113 | €177,584 | -€4,529 | -2.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €179,113 | €174,584 | -€4,529 | -2.5% |
| Distributable reserves | 133 | €179,113 | €174,584 | -€4,529 | -2.5% |
| Amounts payable | 17/49 | €61,065 | €11,329 | -€49,735 | -81.4% |
| Amounts payable within one year | 42/48 | €41,532 | €11,329 | -€30,203 | -72.7% |
| Trade debts | 44 | €8,424 | €2,645 | -€5,779 | -68.6% |
| Suppliers | 440/4 | €8,424 | €2,645 | -€5,779 | -68.6% |
| Taxes, remuneration and social security | 45 | €33,108 | €8,684 | -€24,424 | -73.8% |
| Taxes | 450/3 | €33,108 | €8,684 | -€24,424 | -73.8% |
| Accrued charges and deferred income | 492/3 | €19,533 | - | -€19,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,832 | €2,244 | +€412 | +22.5% |
| Other operating charges | 640/8 | €985 | €953 | -€33 | -3.3% |
| Gross operating margin | 9900 | €111,040 | €73,360 | -€37,680 | -33.9% |
| Operating profit (loss) | 9901 | €108,223 | €70,163 | -€38,060 | -35.2% |
| Financial income | 75/76B | €1,912 | €1,042 | -€870 | -45.5% |
| Recurring financial income | 75 | €1,912 | €1,042 | -€870 | -45.5% |
| Financial charges | 65/66B | €2,288 | €6,593 | +€4,305 | +188.2% |
| Recurring financial charges | 65 | €2,288 | €6,593 | +€4,305 | +188.2% |
| Profit (loss) for the period before taxes | 9903 | €107,847 | €64,612 | -€43,235 | -40.1% |
| Income taxes | 67/77 | €23,670 | €14,141 | -€9,530 | -40.3% |
| Profit (loss) for the period | 9904 | €84,177 | €50,471 | -€33,705 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,177 | €50,471 | -€33,705 | -40.0% |
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 6 October 2026 via checked.be.