PEVAC: 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.
PEVAC
Largest movements
- Cash +€52,001
up €52,001 (+109.1%), from €47,652 to €99,653
mainly Net result for the year (+€31,321) and Receivables within one year (+€10,435)
- Receivables within one year -€10,435
down €10,435 (-33.7%), from €30,925 to €20,490
of which Other amounts receivable: -€17,500
- Profit (loss) carried forward +€31,321
up €31,321 (+58.7%), from €53,400 to €84,721
- Tax, wage and social debts +€10,419
up €10,419 (+49.5%), from €21,052 to €31,471
- Gross operating margin -€28,016
down €28,016 (-40.2%), from €69,765 to €41,749
- Taxes -€5,170
down €5,170 (-37.1%), from €13,930 to €8,760
- Depreciation -€1,104
no longer reported in 2025 (was €1,104)
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 | €78,577 | €120,143 | +€41,566 | +52.9% |
| Current assets | 29/58 | €78,577 | €120,143 | +€41,566 | +52.9% |
| Amounts receivable within one year | 40/41 | €30,925 | €20,490 | -€10,435 | -33.7% |
| Trade receivables | 40 | €13,425 | €20,490 | +€7,065 | +52.6% |
| Other amounts receivable | 41 | €17,500 | - | -€17,500 | |
| Cash at bank and in hand | 54/58 | €47,652 | €99,653 | +€52,001 | +109.1% |
| Total equity and liabilities | 10/49 | €78,577 | €120,143 | +€41,566 | +52.9% |
| Equity | 10/15 | €56,400 | €87,721 | +€31,321 | +55.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,400 | €84,721 | +€31,321 | +58.7% |
| Amounts payable | 17/49 | €22,177 | €32,422 | +€10,245 | +46.2% |
| Amounts payable within one year | 42/48 | €22,177 | €32,422 | +€10,245 | +46.2% |
| Trade debts | 44 | €1,125 | €511 | -€614 | -54.6% |
| Suppliers | 440/4 | €1,125 | €511 | -€614 | -54.6% |
| Taxes, remuneration and social security | 45 | €21,052 | €31,471 | +€10,419 | +49.5% |
| Taxes | 450/3 | €21,052 | €31,471 | +€10,419 | +49.5% |
| Other amounts payable | 47/48 | - | €440 | +€440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | - | -€1,104 | |
| Other operating charges | 640/8 | €1,281 | €1,630 | +€349 | +27.2% |
| Gross operating margin | 9900 | €69,765 | €41,749 | -€28,016 | -40.2% |
| Operating profit (loss) | 9901 | €67,380 | €40,119 | -€27,261 | -40.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €50 | €48 | -€2 | -4.0% |
| Recurring financial charges | 65 | €50 | €48 | -€2 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €67,330 | €40,081 | -€27,249 | -40.5% |
| Income taxes | 67/77 | €13,930 | €8,760 | -€5,170 | -37.1% |
| Profit (loss) for the period | 9904 | €53,400 | €31,321 | -€22,079 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,400 | €31,321 | -€22,079 | -41.3% |
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 12 October 2026 via checked.be.