PezKo: 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.
PezKo
Largest movements
- Financial fixed assets -€125,000
down €125,000 (-27.2%), from €460,340 to €335,340
- Cash +€73,297
up €73,297 (+283.4%), from €25,860 to €99,156
mainly Investment in fixed assets (net) (+€106,589) and Depreciation (+€29,430)
- Tangible fixed assets -€11,019
down €11,019 (-10.7%), from €102,919 to €91,901
of which Furniture and vehicles: -€34,642
- Reserves -€30,586
down €30,586 (-10.3%), from €296,570 to €265,984
- Debts after one year -€18,402
down €18,402 (-40.2%), from €45,785 to €27,384
- Other debts -€9,774
down €9,774 (-3.2%), from €305,986 to €296,212
- Current portion of long-term debt -€8,204
down €8,204 (-30.8%), from €26,606 to €18,402
- Depreciation -€17,899
down €17,899 (-37.8%), from €47,329 to €29,430
- Taxes +€4,074
up €4,074 (+49.5%), from €8,231 to €12,305
- Gross operating margin +€2,124
up €2,124 (+2.9%), from €72,454 to €74,578
- Other operating charges +€1,524
up €1,524 (+74.1%), from €2,058 to €3,582
- Financial charges +€1,277
up €1,277 (+5.7%), from €22,469 to €23,746
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 | €712,691 | €648,955 | -€63,736 | -8.9% |
| Fixed assets | 21/28 | €563,259 | €427,241 | -€136,019 | -24.1% |
| Tangible fixed assets | 22/27 | €102,919 | €91,901 | -€11,019 | -10.7% |
| Plant, machinery and equipment | 23 | €2,056 | €2,879 | +€823 | +40.0% |
| Furniture and vehicles | 24 | €93,941 | €59,299 | -€34,642 | -36.9% |
| Other tangible fixed assets | 26 | €6,922 | €29,722 | +€22,801 | +329.4% |
| Financial fixed assets | 28 | €460,340 | €335,340 | -€125,000 | -27.2% |
| Current assets | 29/58 | €149,431 | €221,714 | +€72,283 | +48.4% |
| Amounts receivable within one year | 40/41 | €23,635 | €20,220 | -€3,415 | -14.4% |
| Trade receivables | 40 | €20,871 | €17,355 | -€3,516 | -16.8% |
| Other amounts receivable | 41 | €2,763 | €2,865 | +€101 | +3.7% |
| Current investments | 50/53 | €99,937 | €99,937 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,860 | €99,156 | +€73,297 | +283.4% |
| Deferred charges and accrued income | 490/1 | - | €2,401 | +€2,401 | |
| Total equity and liabilities | 10/49 | €712,691 | €648,955 | -€63,736 | -8.9% |
| Equity | 10/15 | €315,570 | €284,984 | -€30,586 | -9.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €296,570 | €265,984 | -€30,586 | -10.3% |
| Distributable reserves | 133 | €296,570 | €265,984 | -€30,586 | -10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €397,121 | €363,971 | -€33,150 | -8.3% |
| Amounts payable after more than one year | 17 | €45,785 | €27,384 | -€18,402 | -40.2% |
| Financial debts | 170/4 | €45,785 | €27,384 | -€18,402 | -40.2% |
| Amounts payable within one year | 42/48 | €351,336 | €336,220 | -€15,116 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €26,606 | €18,402 | -€8,204 | -30.8% |
| Trade debts | 44 | €6,717 | €9,043 | +€2,327 | +34.6% |
| Suppliers | 440/4 | €6,717 | €9,043 | +€2,327 | +34.6% |
| Taxes, remuneration and social security | 45 | €12,027 | €12,563 | +€536 | +4.5% |
| Taxes | 450/3 | €9,747 | €7,729 | -€2,018 | -20.7% |
| Remuneration and social security | 454/9 | €2,280 | €4,834 | +€2,554 | +112.0% |
| Other amounts payable | 47/48 | €305,986 | €296,212 | -€9,774 | -3.2% |
| Accrued charges and deferred income | 492/3 | €0 | €368 | +€368 | |
| Non-recurring operating income | 76A | - | €25,083 | +€25,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,329 | €29,430 | -€17,899 | -37.8% |
| Other operating charges | 640/8 | €2,058 | €3,582 | +€1,524 | +74.1% |
| Gross operating margin | 9900 | €72,454 | €74,578 | +€2,124 | +2.9% |
| Operating profit (loss) | 9901 | €23,068 | €41,566 | +€18,498 | +80.2% |
| Financial income | 75/76B | €13,315 | €13,899 | +€584 | +4.4% |
| Recurring financial income | 75 | €13,315 | €13,899 | +€584 | +4.4% |
| Financial charges | 65/66B | €22,469 | €23,746 | +€1,277 | +5.7% |
| Recurring financial charges | 65 | €22,469 | €23,746 | +€1,277 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €13,914 | €31,719 | +€17,805 | +128.0% |
| Income taxes | 67/77 | €8,231 | €12,305 | +€4,074 | +49.5% |
| Profit (loss) for the period | 9904 | €5,683 | €19,414 | +€13,731 | +241.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,683 | €19,414 | +€13,731 | +241.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.