PEVABO CONSTRUCT: 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.
PEVABO CONSTRUCT
Largest movements
- Receivables within one year +€968,509
up €968,509 (+265%), from €365,788 to €1.3m
of which Other amounts receivable: +€838,253
- Tangible fixed assets -€321,163
down €321,163 (-40.1%), from €800,919 to €479,756
of which Land and buildings: -€338,911
- Cash +€78,656
up €78,656 (+51.7%), from €152,138 to €230,795
mainly Net result for the year (+€552,205) and Investment in fixed assets (net) (+€175,045)
- Stocks and contracts +€36,174
up €36,174 (+12.3%), from €294,927 to €331,101
of which Contracts in progress: +€65,454
- Reserves +€454,944
up €454,944 (+134%), from €338,691 to €793,635
of which Tax-exempt reserves: +€454,944
- Debts after one year -€177,412
down €177,412 (-51.3%), from €345,561 to €168,149
- Provisions +€151,648
new in 2025: €151,648
- Trade debts +€122,107
up €122,107 (+27.9%), from €437,264 to €559,372
- Short-term financial debts +€114,404
up €114,404 (+555%), from €20,596 to €135,000
of which Credit institutions: +€134,992
- Gross operating margin +€638,619
up €638,619 (+74.5%), from €857,474 to €1.5m
- Depreciation -€56,526
down €56,526 (-27.0%), from €209,149 to €152,623
- Taxes +€30,136
up €30,136 (+272%), from €11,088 to €41,224
- Staff costs -€26,901
down €26,901 (-4.7%), from €575,445 to €548,544
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 | €1,673,916 | €2,406,197 | +€732,280 | +43.7% |
| Fixed assets | 21/28 | €827,729 | €500,061 | -€327,668 | -39.6% |
| Intangible fixed assets | 21 | €26,730 | €20,225 | -€6,505 | -24.3% |
| Tangible fixed assets | 22/27 | €800,919 | €479,756 | -€321,163 | -40.1% |
| Land and buildings | 22 | €338,911 | €0 | -€338,911 | -100% |
| Plant, machinery and equipment | 23 | €173,713 | €295,395 | +€121,682 | +70.0% |
| Furniture and vehicles | 24 | €45,978 | €25,960 | -€20,018 | -43.5% |
| Leasing and similar rights | 25 | €242,318 | €158,401 | -€83,917 | -34.6% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €846,187 | €1,906,135 | +€1.1m | +125% |
| Stocks and contracts in progress | 3 | €294,927 | €331,101 | +€36,174 | +12.3% |
| Stocks | 30/36 | €169,936 | €140,656 | -€29,280 | -17.2% |
| Contracts in progress | 37 | €124,991 | €190,445 | +€65,454 | +52.4% |
| Amounts receivable within one year | 40/41 | €365,788 | €1,334,297 | +€968,509 | +265% |
| Trade receivables | 40 | €294,638 | €424,894 | +€130,256 | +44.2% |
| Other amounts receivable | 41 | €71,150 | €909,403 | +€838,253 | +1,178% |
| Cash at bank and in hand | 54/58 | €152,138 | €230,795 | +€78,656 | +51.7% |
| Deferred charges and accrued income | 490/1 | €33,334 | €9,943 | -€23,391 | -70.2% |
| Total equity and liabilities | 10/49 | €1,673,916 | €2,406,197 | +€732,280 | +43.7% |
| Equity | 10/15 | €592,640 | €1,144,845 | +€552,205 | +93.2% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €338,691 | €793,635 | +€454,944 | +134% |
| Tax-exempt reserves | 132 | - | €454,944 | +€454,944 | |
| Distributable reserves | 133 | €338,691 | €338,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,349 | €132,611 | +€97,261 | +275% |
| Provisions and deferred taxes | 16 | - | €151,648 | +€151,648 | |
| Deferred taxes | 168 | - | €151,648 | +€151,648 | |
| Amounts payable | 17/49 | €1,081,276 | €1,109,703 | +€28,427 | +2.6% |
| Amounts payable after more than one year | 17 | €345,561 | €168,149 | -€177,412 | -51.3% |
| Financial debts | 170/4 | €345,561 | €168,149 | -€177,412 | -51.3% |
| Amounts payable within one year | 42/48 | €735,715 | €941,554 | +€205,839 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €227,271 | €153,676 | -€73,595 | -32.4% |
| Financial debts | 43 | €20,596 | €135,000 | +€114,404 | +555% |
| Credit institutions | 430/8 | €8 | €135,000 | +€134,992 | +1,755,427% |
| Other loans | 439 | €20,588 | €0 | -€20,588 | -100% |
| Trade debts | 44 | €437,264 | €559,372 | +€122,107 | +27.9% |
| Suppliers | 440/4 | €437,264 | €559,372 | +€122,107 | +27.9% |
| Taxes, remuneration and social security | 45 | €37,784 | €54,111 | +€16,327 | +43.2% |
| Taxes | 450/3 | €2,195 | €22,555 | +€20,360 | +927% |
| Remuneration and social security | 454/9 | €35,588 | €31,556 | -€4,033 | -11.3% |
| Other amounts payable | 47/48 | €12,800 | €39,395 | +€26,595 | +208% |
| Non-recurring operating income | 76A | €13,104 | €728,534 | +€715,430 | +5,460% |
| Remuneration, social security and pensions | 62 | €575,445 | €548,544 | -€26,901 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,149 | €152,623 | -€56,526 | -27.0% |
| Other operating charges | 640/8 | €14,334 | €13,771 | -€563 | -3.9% |
| Non-recurring operating charges | 66A | €263 | €371 | +€109 | +41.3% |
| Gross operating margin | 9900 | €857,474 | €1,496,093 | +€638,619 | +74.5% |
| Operating profit (loss) | 9901 | €58,284 | €780,785 | +€722,501 | +1,240% |
| Financial income | 75/76B | €894 | €415 | -€479 | -53.6% |
| Recurring financial income | 75 | €894 | €415 | -€479 | -53.6% |
| Financial charges | 65/66B | €32,711 | €36,123 | +€3,413 | +10.4% |
| Recurring financial charges | 65 | €32,711 | €36,123 | +€3,413 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €26,467 | €745,077 | +€718,610 | +2,715% |
| Transfer from deferred taxes | 780 | - | €282 | +€282 | |
| Transfer to deferred taxes | 680 | - | €151,930 | +€151,930 | |
| Income taxes | 67/77 | €11,088 | €41,224 | +€30,136 | +272% |
| Profit (loss) for the period | 9904 | €15,379 | €552,205 | +€536,826 | +3,491% |
| Transfer from tax-exempt reserves | 789 | - | €847 | +€847 | |
| Transfer to tax-exempt reserves | 689 | - | €455,791 | +€455,791 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,379 | €97,261 | +€81,882 | +532% |
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 15 October 2026 via checked.be.