PEVO: 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.
PEVO
Largest movements
- Receivables within one year -€240,441
down €240,441 (-4.8%), from €5.0m to €4.8m
of which Other amounts receivable: -€246,318
- Reserves -€150,749
down €150,749 (-3.8%), from €4.0m to €3.9m
of which Distributable reserves: -€150,749
- Debts after one year -€112,777
down €112,777 (-9.5%), from €1.2m to €1.1m
- Gross operating margin -€49,400
down €49,400, from €26,294 to -€23,106
- Taxes +€15,222
new in 2025: €15,222
- Financial income -€3,661
down €3,661 (-34.5%), from €10,606 to €6,945
- Financial charges -€3,381
down €3,381 (-8.6%), from €39,157 to €35,775
- Depreciation +€594
up €594 (+0.8%), from €78,084 to €78,677
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 | €6,865,802 | €6,592,748 | -€273,054 | -4.0% |
| Fixed assets | 21/28 | €1,808,895 | €1,770,672 | -€38,223 | -2.1% |
| Tangible fixed assets | 22/27 | €1,796,791 | €1,758,568 | -€38,223 | -2.1% |
| Land and buildings | 22 | €1,792,741 | €1,755,577 | -€37,164 | -2.1% |
| Furniture and vehicles | 24 | €4,051 | €2,991 | -€1,059 | -26.2% |
| Financial fixed assets | 28 | €12,104 | €12,104 | = | 0.0% |
| Current assets | 29/58 | €5,056,907 | €4,822,076 | -€234,831 | -4.6% |
| Amounts receivable within one year | 40/41 | €5,042,347 | €4,801,906 | -€240,441 | -4.8% |
| Trade receivables | 40 | €15,150 | €21,028 | +€5,878 | +38.8% |
| Other amounts receivable | 41 | €5,027,197 | €4,780,878 | -€246,318 | -4.9% |
| Cash at bank and in hand | 54/58 | €9,758 | €15,172 | +€5,414 | +55.5% |
| Deferred charges and accrued income | 490/1 | €4,802 | €4,998 | +€196 | +4.1% |
| Total equity and liabilities | 10/49 | €6,865,802 | €6,592,748 | -€273,054 | -4.0% |
| Equity | 10/15 | €5,507,986 | €5,357,237 | -€150,749 | -2.7% |
| Contributions | 10/11 | €1,497,563 | €1,497,563 | = | 0.0% |
| Reserves | 13 | €4,010,423 | €3,859,674 | -€150,749 | -3.8% |
| Non-distributable reserves | 130/1 | €190 | €190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €190 | €190 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,826 | €1,826 | = | 0.0% |
| Distributable reserves | 133 | €4,008,408 | €3,857,658 | -€150,749 | -3.8% |
| Amounts payable | 17/49 | €1,357,816 | €1,235,511 | -€122,305 | -9.0% |
| Amounts payable after more than one year | 17 | €1,183,442 | €1,070,664 | -€112,777 | -9.5% |
| Financial debts | 170/4 | €1,183,442 | €1,070,664 | -€112,777 | -9.5% |
| Amounts payable within one year | 42/48 | €172,936 | €164,847 | -€8,089 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €108,396 | €111,923 | +€3,527 | +3.3% |
| Trade debts | 44 | €64,284 | €52,261 | -€12,023 | -18.7% |
| Suppliers | 440/4 | €64,284 | €52,261 | -€12,023 | -18.7% |
| Taxes, remuneration and social security | 45 | €256 | €663 | +€406 | +158.5% |
| Taxes | 450/3 | €256 | €663 | +€406 | +158.5% |
| Accrued charges and deferred income | 492/3 | €1,438 | - | -€1,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,084 | €78,677 | +€594 | +0.8% |
| Other operating charges | 640/8 | €4,769 | €4,914 | +€145 | +3.0% |
| Gross operating margin | 9900 | €26,294 | -€23,106 | -€49,400 | |
| Operating profit (loss) | 9901 | -€56,558 | -€106,697 | -€50,139 | -88.7% |
| Financial income | 75/76B | €10,606 | €6,945 | -€3,661 | -34.5% |
| Recurring financial income | 75 | €10,606 | €6,945 | -€3,661 | -34.5% |
| Financial charges | 65/66B | €39,157 | €35,775 | -€3,381 | -8.6% |
| Recurring financial charges | 65 | €39,157 | €35,775 | -€3,381 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€85,109 | -€135,527 | -€50,418 | -59.2% |
| Income taxes | 67/77 | - | €15,222 | +€15,222 | |
| Profit (loss) for the period | 9904 | -€85,109 | -€150,749 | -€65,641 | -77.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,109 | -€150,749 | -€65,641 | -77.1% |
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 11 October 2026 via checked.be.