PEVERO: 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.
PEVERO
Largest movements
- Tangible fixed assets -€390,201
down €390,201 (-10.8%), from €3.6m to €3.2m
- Receivables within one year -€209,012
down €209,012 (-68.4%), from €305,654 to €96,642
of which Other amounts receivable: -€240,533
- Cash -€66,502
down €66,502 (-18.8%), from €353,139 to €286,637
mainly Debts after one year (-€14.6m) and Net result for the year (-€1.1m)
- Contributions +€14.8m
up €14.8m (+238,933%), from €6,200 to €14.8m
- Debts after one year -€14.6m
down €14.6m (-100%), from €14.6m to €0
- Profit (loss) carried forward -€1.1m
down €1.1m (-9.1%), from -€11.9m to -€13.0m
- Other debts +€1.0m
up €1.0m (+671%), from €155,311 to €1.2m
- Trade debts -€818,605
down €818,605 (-59.2%), from €1.4m to €563,178
- Financial charges -€508,460
down €508,460 (-36.5%), from €1.4m to €885,557
- Other operating charges -€307,154
down €307,154 (-66.6%), from €460,873 to €153,719
- Gross operating margin -€232,053
down €232,053 (-15.5%), from €1.5m to €1.3m
- Depreciation -€215,999
down €215,999 (-34.8%), from €620,251 to €404,251
- Staff costs +€45,262
up €45,262 (+5.0%), from €905,443 to €950,705
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 | €4,425,125 | €3,769,665 | -€655,460 | -14.8% |
| Fixed assets | 21/28 | €3,651,534 | €3,256,406 | -€395,128 | -10.8% |
| Intangible fixed assets | 21 | €11,086 | €6,159 | -€4,927 | -44.4% |
| Tangible fixed assets | 22/27 | €3,623,780 | €3,233,580 | -€390,201 | -10.8% |
| Land and buildings | 22 | €1,506,802 | €1,395,124 | -€111,678 | -7.4% |
| Plant, machinery and equipment | 23 | €1,356,858 | €1,239,780 | -€117,078 | -8.6% |
| Furniture and vehicles | 24 | €760,120 | €596,383 | -€163,737 | -21.5% |
| Other tangible fixed assets | 26 | €0 | €2,293 | +€2,293 | |
| Financial fixed assets | 28 | €16,667 | €16,667 | = | 0.0% |
| Current assets | 29/58 | €773,591 | €513,260 | -€260,332 | -33.7% |
| Stocks and contracts in progress | 3 | €6,554 | €12,476 | +€5,922 | +90.4% |
| Stocks | 30/36 | €6,554 | €12,476 | +€5,922 | +90.4% |
| Amounts receivable within one year | 40/41 | €305,654 | €96,642 | -€209,012 | -68.4% |
| Trade receivables | 40 | €65,121 | €96,642 | +€31,521 | +48.4% |
| Other amounts receivable | 41 | €240,533 | €0 | -€240,533 | -100% |
| Cash at bank and in hand | 54/58 | €353,139 | €286,637 | -€66,502 | -18.8% |
| Deferred charges and accrued income | 490/1 | €108,244 | €117,504 | +€9,261 | +8.6% |
| Total equity and liabilities | 10/49 | €4,425,125 | €3,769,665 | -€655,460 | -14.8% |
| Equity | 10/15 | -€11,892,296 | €1,842,351 | +€13.7m | |
| Contributions | 10/11 | €6,200 | €14,820,037 | +€14.8m | +238,933% |
| Profit (loss) carried forward | 14 | -€11,898,496 | -€12,977,686 | -€1.1m | -9.1% |
| Amounts payable | 17/49 | €16,317,421 | €1,927,314 | -€14.4m | -88.2% |
| Amounts payable after more than one year | 17 | €14,609,178 | €0 | -€14.6m | -100% |
| Other amounts payable | 178/9 | €14,609,178 | €0 | -€14.6m | -100% |
| Amounts payable within one year | 42/48 | €1,702,093 | €1,927,314 | +€225,222 | +13.2% |
| Trade debts | 44 | €1,381,783 | €563,178 | -€818,605 | -59.2% |
| Suppliers | 440/4 | €1,381,783 | €563,178 | -€818,605 | -59.2% |
| Advances received on contracts in progress | 46 | - | €6,500 | +€6,500 | |
| Taxes, remuneration and social security | 45 | €164,998 | €160,759 | -€4,239 | -2.6% |
| Taxes | 450/3 | €28,976 | €57,129 | +€28,154 | +97.2% |
| Remuneration and social security | 454/9 | €136,022 | €103,630 | -€32,392 | -23.8% |
| Other amounts payable | 47/48 | €155,311 | €1,196,876 | +€1.0m | +671% |
| Accrued charges and deferred income | 492/3 | €6,150 | €0 | -€6,150 | -100% |
| Non-recurring operating income | 76A | €7,019 | €0 | -€7,019 | -100% |
| Remuneration, social security and pensions | 62 | €905,443 | €950,705 | +€45,262 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620,251 | €404,251 | -€215,999 | -34.8% |
| Other operating charges | 640/8 | €460,873 | €153,719 | -€307,154 | -66.6% |
| Gross operating margin | 9900 | €1,497,955 | €1,265,902 | -€232,053 | -15.5% |
| Operating profit (loss) | 9901 | -€488,612 | -€242,774 | +€245,838 | +50.3% |
| Financial income | 75/76B | €82,800 | €49,454 | -€33,346 | -40.3% |
| Recurring financial income | 75 | €82,800 | €49,454 | -€33,346 | -40.3% |
| Financial charges | 65/66B | €1,394,017 | €885,557 | -€508,460 | -36.5% |
| Recurring financial charges | 65 | €1,394,017 | €885,557 | -€508,460 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,799,829 | -€1,078,877 | +€720,952 | +40.1% |
| Income taxes | 67/77 | €291 | €313 | +€22 | +7.4% |
| Profit (loss) for the period | 9904 | -€1,800,121 | -€1,079,190 | +€720,930 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,800,121 | -€1,079,190 | +€720,930 | +40.0% |
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 16 October 2026 via checked.be.