DE PELLETWINKEL: 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.
DE PELLETWINKEL
Largest movements
- Receivables within one year -€38,377
down €38,377 (-59.8%), from €64,164 to €25,787
of which Trade receivables: -€32,576
- Stocks and contracts +€9,936
up €9,936 (+6.7%), from €148,485 to €158,421
- Tangible fixed assets -€4,674
down €4,674 (-59.2%), from €7,900 to €3,225
of which Other tangible fixed assets: -€4,787
- Trade debts -€36,596
down €36,596 (-32.3%), from €113,131 to €76,535
- Tax, wage and social debts +€5,773
up €5,773 (+63.2%), from €9,132 to €14,905
of which Remuneration and social security: +€6,461
- Gross operating margin +€44,686
up €44,686 (+38.3%), from €116,739 to €161,425
- Staff costs +€35,933
up €35,933 (+38.3%), from €93,757 to €129,690
- Other operating charges +€3,111
up €3,111 (+257%), from €1,211 to €4,322
- Depreciation -€2,927
down €2,927 (-69.8%), from €4,193 to €1,266
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,411 | €219,991 | -€30,419 | -12.1% |
| Fixed assets | 21/28 | €8,976 | €6,460 | -€2,516 | -28.0% |
| Intangible fixed assets | 21 | €179 | €0 | -€179 | -100% |
| Tangible fixed assets | 22/27 | €7,900 | €3,225 | -€4,674 | -59.2% |
| Plant, machinery and equipment | 23 | €322 | €15 | -€307 | -95.3% |
| Furniture and vehicles | 24 | €566 | €986 | +€419 | +74.1% |
| Other tangible fixed assets | 26 | €7,011 | €2,224 | -€4,787 | -68.3% |
| Financial fixed assets | 28 | €898 | €3,235 | +€2,338 | +260% |
| Current assets | 29/58 | €241,435 | €213,531 | -€27,904 | -11.6% |
| Stocks and contracts in progress | 3 | €148,485 | €158,421 | +€9,936 | +6.7% |
| Stocks | 30/36 | €148,485 | €158,421 | +€9,936 | +6.7% |
| Amounts receivable within one year | 40/41 | €64,164 | €25,787 | -€38,377 | -59.8% |
| Trade receivables | 40 | €47,607 | €15,030 | -€32,576 | -68.4% |
| Other amounts receivable | 41 | €16,557 | €10,757 | -€5,801 | -35.0% |
| Cash at bank and in hand | 54/58 | €27,629 | €26,399 | -€1,230 | -4.5% |
| Deferred charges and accrued income | 490/1 | €1,156 | €2,923 | +€1,767 | +153% |
| Total equity and liabilities | 10/49 | €250,411 | €219,991 | -€30,419 | -12.1% |
| Equity | 10/15 | €1,593 | €3,021 | +€1,428 | +89.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €30,329 | €30,329 | = | 0.0% |
| Distributable reserves | 133 | €30,329 | €30,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,286 | -€45,858 | +€1,428 | +3.0% |
| Amounts payable | 17/49 | €248,818 | €216,971 | -€31,847 | -12.8% |
| Amounts payable within one year | 42/48 | €248,818 | €216,971 | -€31,847 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €113,131 | €76,535 | -€36,596 | -32.3% |
| Suppliers | 440/4 | €113,131 | €76,535 | -€36,596 | -32.3% |
| Advances received on contracts in progress | 46 | - | €492 | +€492 | |
| Taxes, remuneration and social security | 45 | €9,132 | €14,905 | +€5,773 | +63.2% |
| Taxes | 450/3 | €1,033 | €345 | -€688 | -66.6% |
| Remuneration and social security | 454/9 | €8,099 | €14,561 | +€6,461 | +79.8% |
| Other amounts payable | 47/48 | €1,555 | €37 | -€1,517 | -97.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €93,757 | €129,690 | +€35,933 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €1,266 | -€2,927 | -69.8% |
| Other operating charges | 640/8 | €1,211 | €4,322 | +€3,111 | +257% |
| Non-recurring operating charges | 66A | - | €6,980 | +€6,980 | |
| Gross operating margin | 9900 | €116,739 | €161,425 | +€44,686 | +38.3% |
| Operating profit (loss) | 9901 | €17,578 | €19,168 | +€1,590 | +9.0% |
| Financial income | 75/76B | €1,219 | €962 | -€257 | -21.1% |
| Recurring financial income | 75 | €1,219 | €962 | -€257 | -21.1% |
| Financial charges | 65/66B | €18,252 | €18,666 | +€414 | +2.3% |
| Recurring financial charges | 65 | €18,252 | €18,666 | +€414 | +2.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €545 | €1,464 | +€919 | +169% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €93 | €36 | -€57 | -61.2% |
| Profit (loss) for the period | 9904 | €452 | €1,428 | +€976 | +216% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €452 | €1,428 | +€976 | +216% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.