PEXCHATEAU: 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.
What changed
PEXCHATEAU
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€300
2024 · €12,230-€11,930
Equity
€651,696
2024 · €651,396+€300
Cash
€1,025
2024 · €1,350-€325
Balance sheet total
€968,411
2024 · €988,796-€20,386
Largest movements
Assets
- Tangible fixed assets -€20,143
down €20,143 (-6.8%), from €296,198 to €276,055
of which Land and buildings: -€19,676
Equity and liabilities
- Debts after one year -€17,727
down €17,727 (-20.6%), from €85,919 to €68,192
- Tax, wage and social debts -€11,223
down €11,223 (-64.8%), from €17,332 to €6,110
of which Taxes: -€11,223
Income statement
- Gross operating margin -€11,618
down €11,618 (-25.2%), from €46,083 to €34,465
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
€12,230
Gross operating margin
-€11,618
Other operating charges
-€390
Financial income
-€2
Financial charges
+€69
Taxes
+€10
Result 2025
€300
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
+€16,708
Investment
€0
Financing
-€17,033
Cash 2024
€1,350
From operations (derived)
+€16,708
Net result for the year
+€300
Depreciation
+€20,143
Receivables within one year
+€830
Deferred charges and accrued income
-€912
Trade debts
+€1,518
Tax, wage and social debts
-€11,223
Other debts
+€6,053
Financing
-€17,033
Debts after one year
-€17,727
Current portion of long-term debt
+€694
Cash 2025
€1,025
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €988,796 | €968,411 | -€20,386 | -2.1% |
| Fixed assets | 21/28 | €986,198 | €966,055 | -€20,143 | -2.0% |
| Tangible fixed assets | 22/27 | €296,198 | €276,055 | -€20,143 | -6.8% |
| Land and buildings | 22 | €293,399 | €273,723 | -€19,676 | -6.7% |
| Plant, machinery and equipment | 23 | €2,798 | €2,332 | -€466 | -16.7% |
| Financial fixed assets | 28 | €690,000 | €690,000 | = | 0.0% |
| Current assets | 29/58 | €2,599 | €2,355 | -€243 | -9.4% |
| Amounts receivable within one year | 40/41 | €979 | €149 | -€830 | -84.8% |
| Other amounts receivable | 41 | €979 | €149 | -€830 | -84.8% |
| Cash at bank and in hand | 54/58 | €1,350 | €1,025 | -€325 | -24.1% |
| Deferred charges and accrued income | 490/1 | €270 | €1,182 | +€912 | +338.0% |
| Total equity and liabilities | 10/49 | €988,796 | €968,411 | -€20,386 | -2.1% |
| Equity | 10/15 | €651,396 | €651,696 | +€300 | 0.0% |
| Contributions | 10/11 | €595,000 | €595,000 | = | 0.0% |
| Reserves | 13 | €85,327 | €85,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,327 | €79,377 | -€5,950 | -7.0% |
| Reserves not available under the articles | 1311 | €85,327 | - | -€85,327 | |
| Other | 1319 | - | €79,377 | +€79,377 | |
| Distributable reserves | 133 | - | €5,950 | +€5,950 | |
| Profit (loss) carried forward | 14 | -€28,931 | -€28,632 | +€300 | +1.0% |
| Amounts payable | 17/49 | €337,400 | €316,715 | -€20,686 | -6.1% |
| Amounts payable after more than one year | 17 | €85,919 | €68,192 | -€17,727 | -20.6% |
| Financial debts | 170/4 | €85,919 | €68,192 | -€17,727 | -20.6% |
| Amounts payable within one year | 42/48 | €251,481 | €248,523 | -€2,959 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €17,033 | €17,727 | +€694 | +4.1% |
| Trade debts | 44 | €74 | €1,592 | +€1,518 | +2044.4% |
| Suppliers | 440/4 | €74 | €1,592 | +€1,518 | +2044.4% |
| Taxes, remuneration and social security | 45 | €17,332 | €6,110 | -€11,223 | -64.8% |
| Taxes | 450/3 | €16,332 | €5,110 | -€11,223 | -68.7% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €217,042 | €223,095 | +€6,053 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,143 | €20,143 | = | 0.0% |
| Other operating charges | 640/8 | €3,665 | €4,055 | +€390 | +10.6% |
| Gross operating margin | 9900 | €46,083 | €34,465 | -€11,618 | -25.2% |
| Operating profit (loss) | 9901 | €22,275 | €10,267 | -€12,007 | -53.9% |
| Financial income | 75/76B | €5 | €3 | -€2 | -42.0% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -42.0% |
| Financial charges | 65/66B | €9,689 | €9,620 | -€69 | -0.7% |
| Recurring financial charges | 65 | €9,689 | €9,620 | -€69 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €12,591 | €651 | -€11,940 | -94.8% |
| Income taxes | 67/77 | €362 | €351 | -€10 | -2.9% |
| Profit (loss) for the period | 9904 | €12,230 | €300 | -€11,930 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,230 | €300 | -€11,930 | -97.5% |
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 8 October 2026 via checked.be.