PEXIMO: 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.
PEXIMO
Largest movements
- Receivables within one year -€168,409
down €168,409 (-56.5%), from €297,867 to €129,458
of which Other amounts receivable: -€108,111
- Cash -€55,575
down €55,575 (-27.6%), from €201,501 to €145,926
mainly Trade debts (-€201,477) and Accrued charges and deferred income (-€38,116)
- Tangible fixed assets -€19,452
down €19,452 (-36.7%), from €53,030 to €33,578
of which Furniture and vehicles: -€16,873
- Trade debts -€201,477
down €201,477 (-92.7%), from €217,245 to €15,768
- Accrued charges and deferred income -€38,116
down €38,116 (-93.9%), from €40,585 to €2,469
- Tax, wage and social debts -€15,037
down €15,037 (-36.4%), from €41,296 to €26,259
- Other debts +€7,518
up €7,518 (+56.5%), from €13,302 to €20,820
- Reserves +€6,569
up €6,569 (+4.6%), from €143,999 to €150,568
of which Distributable reserves: +€6,569
- Gross operating margin -€153,251
down €153,251 (-80.8%), from €189,652 to €36,401
- Taxes -€50,290
down €50,290 (-81.9%), from €61,402 to €11,113
- Financial income -€10,096
down €10,096 (-48.8%), from €20,684 to €10,588
- Other operating charges -€8,934
down €8,934 (-52.0%), from €17,192 to €8,258
- Depreciation +€3,388
up €3,388 (+21.1%), from €16,064 to €19,452
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 | €562,171 | €321,629 | -€240,542 | -42.8% |
| Fixed assets | 21/28 | €54,440 | €34,328 | -€20,112 | -36.9% |
| Tangible fixed assets | 22/27 | €53,030 | €33,578 | -€19,452 | -36.7% |
| Plant, machinery and equipment | 23 | €2,770 | €1,601 | -€1,169 | -42.2% |
| Furniture and vehicles | 24 | €39,627 | €22,754 | -€16,873 | -42.6% |
| Other tangible fixed assets | 26 | €10,633 | €9,222 | -€1,411 | -13.3% |
| Financial fixed assets | 28 | €1,410 | €750 | -€660 | -46.8% |
| Current assets | 29/58 | €507,731 | €287,301 | -€220,430 | -43.4% |
| Amounts receivable within one year | 40/41 | €297,867 | €129,458 | -€168,409 | -56.5% |
| Trade receivables | 40 | €74,917 | €14,619 | -€60,298 | -80.5% |
| Other amounts receivable | 41 | €222,950 | €114,839 | -€108,111 | -48.5% |
| Cash at bank and in hand | 54/58 | €201,501 | €145,926 | -€55,575 | -27.6% |
| Deferred charges and accrued income | 490/1 | €8,364 | €11,917 | +€3,554 | +42.5% |
| Total equity and liabilities | 10/49 | €562,171 | €321,629 | -€240,542 | -42.8% |
| Equity | 10/15 | €249,743 | €256,312 | +€6,569 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €143,999 | €150,568 | +€6,569 | +4.6% |
| Tax-exempt reserves | 132 | €9,759 | €9,759 | = | 0.0% |
| Distributable reserves | 133 | €134,240 | €140,809 | +€6,569 | +4.9% |
| Profit (loss) carried forward | 14 | €93,344 | €93,344 | = | 0.0% |
| Amounts payable | 17/49 | €312,428 | €65,317 | -€247,111 | -79.1% |
| Amounts payable within one year | 42/48 | €271,843 | €62,848 | -€208,996 | -76.9% |
| Trade debts | 44 | €217,245 | €15,768 | -€201,477 | -92.7% |
| Suppliers | 440/4 | €217,245 | €15,768 | -€201,477 | -92.7% |
| Taxes, remuneration and social security | 45 | €41,296 | €26,259 | -€15,037 | -36.4% |
| Taxes | 450/3 | €41,296 | €26,259 | -€15,037 | -36.4% |
| Other amounts payable | 47/48 | €13,302 | €20,820 | +€7,518 | +56.5% |
| Accrued charges and deferred income | 492/3 | €40,585 | €2,469 | -€38,116 | -93.9% |
| Non-recurring operating income | 76A | - | €2,338 | +€2,338 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,064 | €19,452 | +€3,388 | +21.1% |
| Other operating charges | 640/8 | €17,192 | €8,258 | -€8,934 | -52.0% |
| Gross operating margin | 9900 | €189,652 | €36,401 | -€153,251 | -80.8% |
| Operating profit (loss) | 9901 | €156,396 | €8,691 | -€147,705 | -94.4% |
| Financial income | 75/76B | €20,684 | €10,588 | -€10,096 | -48.8% |
| Recurring financial income | 75 | €20,684 | €10,588 | -€10,096 | -48.8% |
| Financial charges | 65/66B | €4,001 | €1,597 | -€2,404 | -60.1% |
| Recurring financial charges | 65 | €4,001 | €1,597 | -€2,404 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €173,079 | €17,682 | -€155,397 | -89.8% |
| Income taxes | 67/77 | €61,402 | €11,113 | -€50,290 | -81.9% |
| Profit (loss) for the period | 9904 | €111,676 | €6,569 | -€105,107 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,676 | €6,569 | -€105,107 | -94.1% |
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 10 October 2026 via checked.be.