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.
What changed
PEVO
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€759,379
2024 · €628,071+€131,308
Equity
€785,608
2024 · €526,230+€259,379
Cash
€486,082
2024 · €395,761+€90,320
Balance sheet total
€3.5m
2024 · €3.8m-€264,008
Largest movements
Assets
- Receivables within one year -€154,282
down €154,282 (-9.4%), from €1.6m to €1.5m
of which Trade receivables: -€255,898
- Tangible fixed assets -€140,992
down €140,992 (-15.8%), from €890,240 to €749,248
- Cash +€90,320
up €90,320 (+22.8%), from €395,761 to €486,082
mainly Debts after one year (+€952,703) and Net result for the year (+€759,379)
- Current investments -€67,664
down €67,664 (-11.8%), from €572,000 to €504,336
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-71.9%), from €1.8m to €500,000
- Debts after one year +€952,703
up €952,703 (+1274.9%), from €74,726 to €1.0m
- Trade debts -€325,118
down €325,118 (-38.1%), from €854,176 to €529,058
- Reserves +€259,379
up €259,379 (+58.2%), from €445,638 to €705,016
of which Distributable reserves: +€259,379
- Current portion of long-term debt +€196,664
up €196,664 (+560.6%), from €35,081 to €231,745
Income statement
- Gross operating margin +€94,180
up €94,180 (+1.9%), from €5.0m to €5.1m
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.
Result 2024
€628,071
Gross operating margin
+€94,180
Staff costs
+€49,912
Depreciation
-€947
Other operating charges
-€6,404
Other operating items
+€322
Financial income
+€19,550
Financial charges
+€15,200
Taxes
-€40,504
Result 2025
€759,379
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.
From operations
-€473,174
Investment
-€26,457
Financing
+€589,951
Cash 2024
€395,761
From operations (derived)
-€473,174
Net result for the year
+€759,379
Depreciation
+€239,715
Stocks and contracts
-€13,212
Receivables within one year
+€154,282
Trade debts
-€325,118
Tax, wage and social debts
-€13,902
Other debts
-€1.3m
Accrued charges and deferred income
+€5,294
Investment (derived)
-€26,457
Investment in fixed assets (net)
-€94,120
Current investments
+€67,664
Financing
+€589,951
Debts after one year
+€952,703
Current portion of long-term debt
+€196,664
Short-term financial debts
-€59,416
Contributions, distributions and other
-€500,000
Cash 2025
€486,082
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,799,993 | €3,535,985 | -€264,008 | -6.9% |
| Fixed assets | 21/28 | €930,335 | €784,740 | -€145,595 | -15.6% |
| Tangible fixed assets | 22/27 | €890,240 | €749,248 | -€140,992 | -15.8% |
| Plant, machinery and equipment | 23 | €193,681 | €155,029 | -€38,653 | -20.0% |
| Furniture and vehicles | 24 | €342,181 | €292,929 | -€49,252 | -14.4% |
| Other tangible fixed assets | 26 | €354,378 | €301,291 | -€53,087 | -15.0% |
| Financial fixed assets | 28 | €40,095 | €35,492 | -€4,603 | -11.5% |
| Current assets | 29/58 | €2,869,658 | €2,751,245 | -€118,413 | -4.1% |
| Stocks and contracts in progress | 3 | €254,501 | €267,713 | +€13,212 | +5.2% |
| Stocks | 30/36 | €254,501 | €267,713 | +€13,212 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,647,396 | €1,493,114 | -€154,282 | -9.4% |
| Trade receivables | 40 | €1,629,510 | €1,373,612 | -€255,898 | -15.7% |
| Other amounts receivable | 41 | €17,886 | €119,501 | +€101,615 | +568.1% |
| Current investments | 50/53 | €572,000 | €504,336 | -€67,664 | -11.8% |
| Cash at bank and in hand | 54/58 | €395,761 | €486,082 | +€90,320 | +22.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,799,993 | €3,535,985 | -€264,008 | -6.9% |
| Equity | 10/15 | €526,230 | €785,608 | +€259,379 | +49.3% |
| Contributions | 10/11 | €80,592 | €80,592 | = | 0.0% |
| Capital | 10 | €80,592 | €80,592 | = | 0.0% |
| Issued capital | 100 | €80,592 | €80,592 | = | 0.0% |
| Reserves | 13 | €445,638 | €705,016 | +€259,379 | +58.2% |
| Non-distributable reserves | 130/1 | €8,059 | €8,059 | = | 0.0% |
| Legal reserve | 130 | €8,059 | €8,059 | = | 0.0% |
| Distributable reserves | 133 | €437,578 | €696,957 | +€259,379 | +59.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,273,763 | €2,750,377 | -€523,387 | -16.0% |
| Amounts payable after more than one year | 17 | €74,726 | €1,027,429 | +€952,703 | +1274.9% |
| Financial debts | 170/4 | €74,726 | €1,027,429 | +€952,703 | +1274.9% |
| Amounts payable within one year | 42/48 | €3,157,059 | €1,675,675 | -€1.5m | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €35,081 | €231,745 | +€196,664 | +560.6% |
| Financial debts | 43 | €109,869 | €50,452 | -€59,416 | -54.1% |
| Credit institutions | 430/8 | €109,869 | €50,452 | -€59,416 | -54.1% |
| Trade debts | 44 | €854,176 | €529,058 | -€325,118 | -38.1% |
| Suppliers | 440/4 | €854,176 | €529,058 | -€325,118 | -38.1% |
| Taxes, remuneration and social security | 45 | €378,322 | €364,419 | -€13,902 | -3.7% |
| Taxes | 450/3 | €44,918 | €42,013 | -€2,905 | -6.5% |
| Remuneration and social security | 454/9 | €333,404 | €322,407 | -€10,997 | -3.3% |
| Other amounts payable | 47/48 | €1,779,611 | €500,000 | -€1.3m | -71.9% |
| Accrued charges and deferred income | 492/3 | €41,978 | €47,272 | +€5,294 | +12.6% |
| Non-recurring operating income | 76A | €19,262 | €0 | -€19,262 | -100.0% |
| Remuneration, social security and pensions | 62 | €3,766,382 | €3,716,471 | -€49,912 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,768 | €239,715 | +€947 | +0.4% |
| Other operating charges | 640/8 | €21,423 | €27,827 | +€6,404 | +29.9% |
| Non-recurring operating charges | 66A | €322 | €0 | -€322 | -100.0% |
| Gross operating margin | 9900 | €4,968,756 | €5,062,936 | +€94,180 | +1.9% |
| Operating profit (loss) | 9901 | €941,861 | €1,078,924 | +€137,063 | +14.6% |
| Financial income | 75/76B | €41,353 | €60,903 | +€19,550 | +47.3% |
| Recurring financial income | 75 | €41,353 | €49,315 | +€7,962 | +19.3% |
| Non-recurring financial income | 76B | - | €11,588 | +€11,588 | |
| Financial charges | 65/66B | €107,921 | €92,721 | -€15,200 | -14.1% |
| Recurring financial charges | 65 | €66,921 | €92,721 | +€25,800 | +38.6% |
| Non-recurring financial charges | 66B | €41,000 | €0 | -€41,000 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €875,293 | €1,047,105 | +€171,812 | +19.6% |
| Income taxes | 67/77 | €247,222 | €287,727 | +€40,504 | +16.4% |
| Profit (loss) for the period | 9904 | €628,071 | €759,379 | +€131,308 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €628,071 | €759,379 | +€131,308 | +20.9% |
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.