Pew Pew: 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.
Pew Pew
Largest movements
- Cash +€55,028
up €55,028 (+219%), from €25,183 to €80,211
mainly Other debts (+€55,759) and Net result for the year (+€54,866)
- Receivables within one year +€16,898
up €16,898 (+393%), from €4,301 to €21,199
of which Trade receivables: +€17,206
- Tangible fixed assets -€11,363
down €11,363 (-100%), from €11,363 to €0
of which Furniture and vehicles: -€11,190
- Current investments -€8,608
down €8,608 (-17.0%), from €50,697 to €42,088
- Deferred charges and accrued income +€2,191
new in 2025: €2,191
- Other debts +€55,759
up €55,759 (+1,364%), from €4,088 to €59,847
- Tax, wage and social debts +€11,055
up €11,055 (+436%), from €2,534 to €13,589
- Reserves -€10,134
down €10,134 (-11.0%), from €92,229 to €82,096
- Trade debts -€2,591
down €2,591 (-96.2%), from €2,693 to €102
- Gross operating margin +€8,117
up €8,117 (+11.0%), from €73,546 to €81,663
- Depreciation -€3,892
down €3,892 (-25.5%), from €15,255 to €11,363
- Taxes +€2,675
up €2,675 (+20.9%), from €12,782 to €15,457
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 | €106,544 | €160,690 | +€54,146 | +50.8% |
| Fixed assets | 21/28 | €11,363 | €0 | -€11,363 | -100% |
| Tangible fixed assets | 22/27 | €11,363 | €0 | -€11,363 | -100% |
| Plant, machinery and equipment | 23 | €173 | €0 | -€173 | -100% |
| Furniture and vehicles | 24 | €11,190 | €0 | -€11,190 | -100% |
| Current assets | 29/58 | €95,181 | €160,690 | +€65,509 | +68.8% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,301 | €21,199 | +€16,898 | +393% |
| Trade receivables | 40 | €0 | €17,206 | +€17,206 | |
| Other amounts receivable | 41 | €4,301 | €3,993 | -€308 | -7.2% |
| Current investments | 50/53 | €50,697 | €42,088 | -€8,608 | -17.0% |
| Cash at bank and in hand | 54/58 | €25,183 | €80,211 | +€55,028 | +219% |
| Deferred charges and accrued income | 490/1 | - | €2,191 | +€2,191 | |
| Total equity and liabilities | 10/49 | €106,544 | €160,690 | +€54,146 | +50.8% |
| Equity | 10/15 | €97,229 | €87,096 | -€10,134 | -10.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,229 | €82,096 | -€10,134 | -11.0% |
| Distributable reserves | 133 | €92,229 | €82,096 | -€10,134 | -11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,315 | €73,595 | +€64,280 | +690% |
| Amounts payable within one year | 42/48 | €9,315 | €73,595 | +€64,280 | +690% |
| Financial debts | 43 | - | €56 | +€56 | |
| Credit institutions | 430/8 | - | €56 | +€56 | |
| Trade debts | 44 | €2,693 | €102 | -€2,591 | -96.2% |
| Suppliers | 440/4 | €2,693 | €102 | -€2,591 | -96.2% |
| Taxes, remuneration and social security | 45 | €2,534 | €13,589 | +€11,055 | +436% |
| Taxes | 450/3 | €2,534 | €13,589 | +€11,055 | +436% |
| Other amounts payable | 47/48 | €4,088 | €59,847 | +€55,759 | +1,364% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,255 | €11,363 | -€3,892 | -25.5% |
| Other operating charges | 640/8 | €367 | €374 | +€7 | +2.0% |
| Gross operating margin | 9900 | €73,546 | €81,663 | +€8,117 | +11.0% |
| Operating profit (loss) | 9901 | €57,925 | €69,926 | +€12,001 | +20.7% |
| Financial income | 75/76B | €5 | €771 | +€766 | +15,286% |
| Recurring financial income | 75 | €5 | €771 | +€766 | +15,286% |
| Financial charges | 65/66B | €351 | €374 | +€23 | +6.5% |
| Recurring financial charges | 65 | €351 | €374 | +€23 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €57,579 | €70,323 | +€12,744 | +22.1% |
| Income taxes | 67/77 | €12,782 | €15,457 | +€2,675 | +20.9% |
| Profit (loss) for the period | 9904 | €44,797 | €54,866 | +€10,069 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,797 | €54,866 | +€10,069 | +22.5% |
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 17 October 2026 via checked.be.