PEZ: 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.
PEZ
Largest movements
- Tangible fixed assets -€9,838
down €9,838 (-26.6%), from €37,044 to €27,206
of which Plant, machinery and equipment: -€6,052
- Cash +€5,920
up €5,920 (+17.3%), from €34,226 to €40,147
mainly Net result for the year (+€11,562) and Depreciation (+€9,838)
- Stocks and contracts +€2,086
up €2,086 (+37.9%), from €5,506 to €7,592
- Debts after one year -€12,764
down €12,764 (-35.4%), from €36,029 to €23,265
- Profit (loss) carried forward +€11,562
up €11,562 (+46.7%), from -€24,742 to -€13,181
- Tax, wage and social debts -€2,066
down €2,066 (-39.5%), from €5,235 to €3,169
of which Remuneration and social security: -€1,500
- Other debts +€1,316
up €1,316 (+2.7%), from €48,249 to €49,564
- Gross operating margin -€7,063
down €7,063 (-21.0%), from €33,612 to €26,548
- Financial income -€857
down €857 (-57.5%), from €1,491 to €634
- Depreciation -€448
down €448 (-4.4%), from €10,285 to €9,838
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 | €83,463 | €81,662 | -€1,801 | -2.2% |
| Fixed assets | 21/28 | €40,344 | €30,506 | -€9,838 | -24.4% |
| Tangible fixed assets | 22/27 | €37,044 | €27,206 | -€9,838 | -26.6% |
| Plant, machinery and equipment | 23 | €19,326 | €13,274 | -€6,052 | -31.3% |
| Furniture and vehicles | 24 | €1,921 | €475 | -€1,447 | -75.3% |
| Other tangible fixed assets | 26 | €15,797 | €13,458 | -€2,339 | -14.8% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €43,119 | €51,155 | +€8,036 | +18.6% |
| Stocks and contracts in progress | 3 | €5,506 | €7,592 | +€2,086 | +37.9% |
| Stocks | 30/36 | €5,506 | €7,592 | +€2,086 | +37.9% |
| Amounts receivable within one year | 40/41 | €1,190 | €1,307 | +€117 | +9.8% |
| Trade receivables | 40 | €1,190 | €1,307 | +€117 | +9.8% |
| Cash at bank and in hand | 54/58 | €34,226 | €40,147 | +€5,920 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,197 | €2,110 | -€87 | -4.0% |
| Total equity and liabilities | 10/49 | €83,463 | €81,662 | -€1,801 | -2.2% |
| Equity | 10/15 | -€21,742 | -€10,181 | +€11,562 | +53.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,742 | -€13,181 | +€11,562 | +46.7% |
| Amounts payable | 17/49 | €105,206 | €91,842 | -€13,363 | -12.7% |
| Amounts payable after more than one year | 17 | €36,029 | €23,265 | -€12,764 | -35.4% |
| Financial debts | 170/4 | €36,029 | €23,265 | -€12,764 | -35.4% |
| Amounts payable within one year | 42/48 | €69,177 | €68,577 | -€599 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €12,392 | €12,764 | +€372 | +3.0% |
| Trade debts | 44 | €3,300 | €3,080 | -€221 | -6.7% |
| Suppliers | 440/4 | €3,300 | €3,080 | -€221 | -6.7% |
| Taxes, remuneration and social security | 45 | €5,235 | €3,169 | -€2,066 | -39.5% |
| Taxes | 450/3 | €3,735 | €3,169 | -€566 | -15.2% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €48,249 | €49,564 | +€1,316 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,285 | €9,838 | -€448 | -4.4% |
| Other operating charges | 640/8 | €3,685 | €3,558 | -€127 | -3.4% |
| Gross operating margin | 9900 | €33,612 | €26,548 | -€7,063 | -21.0% |
| Operating profit (loss) | 9901 | €19,641 | €13,152 | -€6,489 | -33.0% |
| Financial income | 75/76B | €1,491 | €634 | -€857 | -57.5% |
| Recurring financial income | 75 | €1,491 | €634 | -€857 | -57.5% |
| Financial charges | 65/66B | €2,504 | €2,224 | -€280 | -11.2% |
| Recurring financial charges | 65 | €2,504 | €2,224 | -€280 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €18,628 | €11,562 | -€7,066 | -37.9% |
| Profit (loss) for the period | 9904 | €18,628 | €11,562 | -€7,066 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,628 | €11,562 | -€7,066 | -37.9% |
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 16 October 2026 via checked.be.