CLD PECORARO: 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.
CLD PECORARO
Largest movements
- Tangible fixed assets -€60,685
down €60,685 (-14.4%), from €420,009 to €359,324
of which Plant, machinery and equipment: -€62,594
- Receivables within one year +€50,960
up €50,960 (+15.3%), from €333,258 to €384,218
of which Trade receivables: +€52,608
- Deferred charges and accrued income +€20,000
up €20,000 (+357.1%), from €5,600 to €25,600
- Cash -€11,796
no longer reported in 2025 (was €11,796)
mainly Debts after one year (-€94,584) and Receivables within one year (-€50,960)
- Debts after one year -€94,584
down €94,584 (-30.7%), from €307,637 to €213,053
- Trade debts +€92,308
up €92,308 (+37.3%), from €247,226 to €339,534
- Short-term financial debts +€26,889
new in 2025: €26,889
- Current portion of long-term debt -€25,878
down €25,878 (-20.1%), from €128,782 to €102,905
- Gross operating margin -€65,554
down €65,554 (-18.4%), from €356,386 to €290,832
- Financial charges +€11,397
up €11,397 (+54.5%), from €20,900 to €32,297
- Taxes -€10,550
down €10,550 (-43.9%), from €24,008 to €13,458
- Other operating charges -€10,339
down €10,339 (-55.2%), from €18,738 to €8,399
- Staff costs -€8,171
down €8,171 (-4.7%), from €174,010 to €165,839
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 | €913,067 | €911,394 | -€1,673 | -0.2% |
| Fixed assets | 21/28 | €422,412 | €361,576 | -€60,837 | -14.4% |
| Intangible fixed assets | 21 | €152 | - | -€152 | |
| Tangible fixed assets | 22/27 | €420,009 | €359,324 | -€60,685 | -14.4% |
| Plant, machinery and equipment | 23 | €395,921 | €333,327 | -€62,594 | -15.8% |
| Furniture and vehicles | 24 | €24,088 | €25,997 | +€1,909 | +7.9% |
| Financial fixed assets | 28 | €2,252 | €2,252 | = | 0.0% |
| Current assets | 29/58 | €490,654 | €549,818 | +€59,164 | +12.1% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Other amounts receivable | 291 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €333,258 | €384,218 | +€50,960 | +15.3% |
| Trade receivables | 40 | €210,146 | €262,755 | +€52,608 | +25.0% |
| Other amounts receivable | 41 | €123,112 | €121,463 | -€1,649 | -1.3% |
| Cash at bank and in hand | 54/58 | €11,796 | - | -€11,796 | |
| Deferred charges and accrued income | 490/1 | €5,600 | €25,600 | +€20,000 | +357.1% |
| Total equity and liabilities | 10/49 | €913,067 | €911,394 | -€1,673 | -0.2% |
| Equity | 10/15 | €161,696 | €165,945 | +€4,250 | +2.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,636 | €157,885 | +€4,250 | +2.8% |
| Amounts payable | 17/49 | €751,371 | €745,449 | -€5,923 | -0.8% |
| Amounts payable after more than one year | 17 | €307,637 | €213,053 | -€94,584 | -30.7% |
| Financial debts | 170/4 | €307,637 | €213,053 | -€94,584 | -30.7% |
| Amounts payable within one year | 42/48 | €443,734 | €532,395 | +€88,661 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €128,782 | €102,905 | -€25,878 | -20.1% |
| Financial debts | 43 | - | €26,889 | +€26,889 | |
| Credit institutions | 430/8 | - | €26,889 | +€26,889 | |
| Trade debts | 44 | €247,226 | €339,534 | +€92,308 | +37.3% |
| Suppliers | 440/4 | €247,226 | €339,534 | +€92,308 | +37.3% |
| Taxes, remuneration and social security | 45 | €61,726 | €57,067 | -€4,659 | -7.5% |
| Taxes | 450/3 | €48,147 | €39,620 | -€8,527 | -17.7% |
| Remuneration and social security | 454/9 | €13,579 | €17,447 | +€3,868 | +28.5% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,625 | - | -€2,625 | |
| Remuneration, social security and pensions | 62 | €174,010 | €165,839 | -€8,171 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,177 | €72,261 | +€1,084 | +1.5% |
| Other operating charges | 640/8 | €18,738 | €8,399 | -€10,339 | -55.2% |
| Gross operating margin | 9900 | €356,386 | €290,832 | -€65,554 | -18.4% |
| Operating profit (loss) | 9901 | €92,462 | €44,333 | -€48,129 | -52.1% |
| Financial income | 75/76B | €11,624 | €11,671 | +€47 | +0.4% |
| Recurring financial income | 75 | €11,624 | €11,671 | +€47 | +0.4% |
| Financial charges | 65/66B | €20,900 | €32,297 | +€11,397 | +54.5% |
| Recurring financial charges | 65 | €20,900 | €32,297 | +€11,397 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €83,186 | €23,707 | -€59,478 | -71.5% |
| Income taxes | 67/77 | €24,008 | €13,458 | -€10,550 | -43.9% |
| Profit (loss) for the period | 9904 | €59,178 | €10,250 | -€48,928 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,178 | €10,250 | -€48,928 | -82.7% |
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 12 October 2026 via checked.be.