PeVaCa: 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.
PeVaCa
Largest movements
- Tangible fixed assets +€70,785
up €70,785 (+1192.1%), from €5,938 to €76,723
of which Land and buildings: +€49,932
- Receivables within one year -€1,821
down €1,821 (-16.6%), from €10,939 to €9,118
of which Trade receivables: -€1,607
- Debts after one year +€53,749
new in 2025: €53,749
- Profit (loss) carried forward -€21,411
down €21,411 (-65.4%), from -€32,743 to -€54,153
- Other debts +€17,064
up €17,064 (+102.1%), from €16,720 to €33,784
- Current portion of long-term debt +€13,997
new in 2025: €13,997
- Trade debts +€7,935
up €7,935 (+102.8%), from €7,721 to €15,657
- Gross operating margin -€17,182
down €17,182, from €14,212 to -€2,971
- Other operating charges +€5,082
up €5,082 (+248.9%), from €2,042 to €7,124
- Depreciation +€4,928
up €4,928 (+5155.2%), from €96 to €5,024
- Taxes -€2,215
down €2,215 (-91.1%), from €2,430 to €215
- Financial charges +€1,829
up €1,829 (+43.0%), from €4,253 to €6,081
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 | €19,379 | €87,843 | +€68,464 | +353.3% |
| Fixed assets | 21/28 | €5,938 | €76,723 | +€70,785 | +1192.1% |
| Tangible fixed assets | 22/27 | €5,938 | €76,723 | +€70,785 | +1192.1% |
| Land and buildings | 22 | - | €49,932 | +€49,932 | |
| Furniture and vehicles | 24 | - | €21,457 | +€21,457 | |
| Other tangible fixed assets | 26 | €5,938 | €5,335 | -€603 | -10.2% |
| Current assets | 29/58 | €13,441 | €11,120 | -€2,321 | -17.3% |
| Amounts receivable within one year | 40/41 | €10,939 | €9,118 | -€1,821 | -16.6% |
| Trade receivables | 40 | €10,725 | €9,118 | -€1,607 | -15.0% |
| Other amounts receivable | 41 | €214 | €0 | -€214 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,415 | €1,893 | -€522 | -21.6% |
| Deferred charges and accrued income | 490/1 | €87 | €109 | +€22 | +25.5% |
| Total equity and liabilities | 10/49 | €19,379 | €87,843 | +€68,464 | +353.3% |
| Equity | 10/15 | -€12,283 | -€33,693 | -€21,411 | -174.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,743 | -€54,153 | -€21,411 | -65.4% |
| Amounts payable | 17/49 | €31,662 | €121,536 | +€89,874 | +283.9% |
| Amounts payable after more than one year | 17 | - | €53,749 | +€53,749 | |
| Financial debts | 170/4 | - | €53,749 | +€53,749 | |
| Amounts payable within one year | 42/48 | €31,662 | €67,787 | +€36,125 | +114.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,997 | +€13,997 | |
| Trade debts | 44 | €7,721 | €15,657 | +€7,935 | +102.8% |
| Suppliers | 440/4 | €7,721 | €15,657 | +€7,935 | +102.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,220 | €4,349 | -€2,871 | -39.8% |
| Taxes | 450/3 | €7,220 | €4,349 | -€2,871 | -39.8% |
| Other amounts payable | 47/48 | €16,720 | €33,784 | +€17,064 | +102.1% |
| Non-recurring operating income | 76A | - | €4,975 | +€4,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | €5,024 | +€4,928 | +5155.2% |
| Other operating charges | 640/8 | €2,042 | €7,124 | +€5,082 | +248.9% |
| Gross operating margin | 9900 | €14,212 | -€2,971 | -€17,182 | |
| Operating profit (loss) | 9901 | €12,074 | -€15,119 | -€27,193 | |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €4,253 | €6,081 | +€1,829 | +43.0% |
| Recurring financial charges | 65 | €4,253 | €6,081 | +€1,829 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €7,822 | -€21,196 | -€29,017 | |
| Income taxes | 67/77 | €2,430 | €215 | -€2,215 | -91.1% |
| Profit (loss) for the period | 9904 | €5,391 | -€21,411 | -€26,802 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,391 | -€21,411 | -€26,802 |
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 29 September 2026 via checked.be.