PEZEWEVER: 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
PEZEWEVER
NACE 68.110, Buying and selling of own real estate
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€13,987
2023 · €32,024-€18,037
Equity
€209,526
2023 · €195,539+€13,987
Cash
€46,261
2023 · €42,973+€3,288
Balance sheet total
€365,727
2023 · €383,884-€18,156
Largest movements
Assets
- Tangible fixed assets -€18,441
down €18,441 (-5.9%), from €310,541 to €292,100
of which Land and buildings: -€16,364
Equity and liabilities
- Debts after one year -€20,546
down €20,546 (-14.1%), from €145,616 to €125,070
- Profit (loss) carried forward +€13,987
up €13,987 (+23.5%), from €59,404 to €73,391
- Other debts -€10,707
down €10,707 (-100.0%), from €10,707 to €0
Income statement
- Gross operating margin -€24,693
down €24,693 (-31.3%), from €78,814 to €54,121
- Other operating charges -€4,929
down €4,929 (-64.3%), from €7,662 to €2,732
From the 2023 result to the 2024 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 2023
€32,024
Gross operating margin
-€24,693
Staff costs
+€267
Depreciation
+€372
Other operating charges
+€4,929
Financial income
+€92
Financial charges
+€389
Taxes
+€606
Result 2024
€13,987
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€27,855
Investment
-€5,004
Financing
-€19,563
Cash 2023
€42,973
From operations (derived)
+€27,855
Net result for the year
+€13,987
Depreciation
+€26,597
Stocks and contracts
+€1,731
Receivables within one year
-€1,880
Trade debts
-€290
Tax, wage and social debts
-€1,584
Other debts
-€10,707
Investment (derived)
-€5,004
Investment in fixed assets (net)
-€5,004
Financing
-€19,563
Debts after one year
-€20,546
Current portion of long-term debt
+€983
Cash 2024
€46,261
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €383,884 | €365,727 | -€18,156 | -4.7% |
| Formation expenses | 20 | €12,757 | €9,417 | -€3,340 | -26.2% |
| Fixed assets | 21/28 | €310,541 | €292,287 | -€18,254 | -5.9% |
| Tangible fixed assets | 22/27 | €310,541 | €292,100 | -€18,441 | -5.9% |
| Land and buildings | 22 | €303,092 | €286,728 | -€16,364 | -5.4% |
| Plant, machinery and equipment | 23 | €2,371 | €5,372 | +€3,001 | +126.5% |
| Furniture and vehicles | 24 | €5,078 | €0 | -€5,078 | -100.0% |
| Financial fixed assets | 28 | - | €188 | +€188 | |
| Current assets | 29/58 | €60,585 | €64,023 | +€3,437 | +5.7% |
| Stocks and contracts in progress | 3 | €13,844 | €12,113 | -€1,731 | -12.5% |
| Stocks | 30/36 | €13,844 | €12,113 | -€1,731 | -12.5% |
| Amounts receivable within one year | 40/41 | €3,768 | €5,648 | +€1,880 | +49.9% |
| Trade receivables | 40 | €3,768 | €0 | -€3,768 | -100.0% |
| Other amounts receivable | 41 | - | €5,648 | +€5,648 | |
| Cash at bank and in hand | 54/58 | €42,973 | €46,261 | +€3,288 | +7.7% |
| Total equity and liabilities | 10/49 | €383,884 | €365,727 | -€18,156 | -4.7% |
| Equity | 10/15 | €195,539 | €209,526 | +€13,987 | +7.2% |
| Contributions | 10/11 | €136,135 | €136,135 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,404 | €73,391 | +€13,987 | +23.5% |
| Amounts payable | 17/49 | €188,345 | €156,201 | -€32,144 | -17.1% |
| Amounts payable after more than one year | 17 | €145,616 | €125,070 | -€20,546 | -14.1% |
| Financial debts | 170/4 | €145,616 | €125,070 | -€20,546 | -14.1% |
| Amounts payable within one year | 42/48 | €42,728 | €31,131 | -€11,597 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €19,563 | €20,546 | +€983 | +5.0% |
| Trade debts | 44 | €1,930 | €1,641 | -€290 | -15.0% |
| Suppliers | 440/4 | €1,930 | €1,641 | -€290 | -15.0% |
| Taxes, remuneration and social security | 45 | €10,528 | €8,944 | -€1,584 | -15.0% |
| Taxes | 450/3 | €10,528 | €8,944 | -€1,584 | -15.0% |
| Other amounts payable | 47/48 | €10,707 | €0 | -€10,707 | -100.0% |
| Remuneration, social security and pensions | 62 | €267 | €0 | -€267 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,970 | €26,597 | -€372 | -1.4% |
| Other operating charges | 640/8 | €7,662 | €2,732 | -€4,929 | -64.3% |
| Gross operating margin | 9900 | €78,814 | €54,121 | -€24,693 | -31.3% |
| Operating profit (loss) | 9901 | €43,916 | €24,791 | -€19,125 | -43.5% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €7,469 | €7,080 | -€389 | -5.2% |
| Recurring financial charges | 65 | €7,469 | €7,080 | -€389 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €36,447 | €17,804 | -€18,643 | -51.2% |
| Income taxes | 67/77 | €4,423 | €3,817 | -€606 | -13.7% |
| Profit (loss) for the period | 9904 | €32,024 | €13,987 | -€18,037 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,024 | €13,987 | -€18,037 | -56.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.