DE PELS: 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 PELS
Largest movements
- Cash +€262,541
up €262,541 (+66.0%), from €398,025 to €660,566
mainly Net result for the year (+€314,368) and Receivables within one year (+€6,335)
- Reserves +€314,368
up €314,368 (+9.0%), from €3.5m to €3.8m
of which Distributable reserves: +€314,368
- Financial income -€149,236
down €149,236 (-30.5%), from €489,861 to €340,625
- Financial charges +€14,325
up €14,325 (+265%), from €5,414 to €19,740
- Taxes -€662
down €662 (-91.4%), from €724 to €63
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 | €7,431,929 | €7,720,910 | +€288,981 | +3.9% |
| Fixed assets | 21/28 | €4,401,860 | €4,401,860 | = | 0.0% |
| Financial fixed assets | 28 | €4,401,860 | €4,401,860 | = | 0.0% |
| Current assets | 29/58 | €3,030,069 | €3,319,050 | +€288,981 | +9.5% |
| Amounts receivable within one year | 40/41 | €41,598 | €35,263 | -€6,335 | -15.2% |
| Other amounts receivable | 41 | €41,598 | €35,263 | -€6,335 | -15.2% |
| Current investments | 50/53 | €2,589,717 | €2,622,639 | +€32,922 | +1.3% |
| Cash at bank and in hand | 54/58 | €398,025 | €660,566 | +€262,541 | +66.0% |
| Deferred charges and accrued income | 490/1 | €728 | €582 | -€146 | -20.1% |
| Total equity and liabilities | 10/49 | €7,431,929 | €7,720,910 | +€288,981 | +3.9% |
| Equity | 10/15 | €7,390,713 | €7,705,081 | +€314,368 | +4.3% |
| Contributions | 10/11 | €3,901,760 | €3,901,760 | = | 0.0% |
| Reserves | 13 | €3,488,953 | €3,803,321 | +€314,368 | +9.0% |
| Non-distributable reserves | 130/1 | €109,009 | €109,009 | = | 0.0% |
| Reserves not available under the articles | 1311 | €109,009 | €109,009 | = | 0.0% |
| Distributable reserves | 133 | €3,379,945 | €3,694,313 | +€314,368 | +9.3% |
| Amounts payable | 17/49 | €41,215 | €15,829 | -€25,386 | -61.6% |
| Amounts payable within one year | 42/48 | €41,215 | €15,829 | -€25,386 | -61.6% |
| Financial debts | 43 | €7,605 | €7,604 | -€1 | 0.0% |
| Credit institutions | 430/8 | €7,605 | €7,604 | -€1 | 0.0% |
| Trade debts | 44 | €3,182 | €765 | -€2,417 | -76.0% |
| Suppliers | 440/4 | €3,182 | €765 | -€2,417 | -76.0% |
| Taxes, remuneration and social security | 45 | €5,764 | €5,826 | +€62 | +1.1% |
| Taxes | 450/3 | €2,244 | €2,237 | -€7 | -0.3% |
| Remuneration and social security | 454/9 | €3,519 | €3,588 | +€69 | +2.0% |
| Other amounts payable | 47/48 | €24,664 | €1,634 | -€23,031 | -93.4% |
| Remuneration, social security and pensions | 62 | €46,578 | €46,596 | +€18 | 0.0% |
| Other operating charges | 640/8 | €490 | €310 | -€181 | -36.8% |
| Gross operating margin | 9900 | €40,499 | €40,450 | -€48 | -0.1% |
| Operating profit (loss) | 9901 | -€6,569 | -€6,455 | +€114 | +1.7% |
| Financial income | 75/76B | €489,861 | €340,625 | -€149,236 | -30.5% |
| Recurring financial income | 75 | €489,861 | €340,625 | -€149,236 | -30.5% |
| Financial charges | 65/66B | €5,414 | €19,740 | +€14,325 | +265% |
| Recurring financial charges | 65 | €5,414 | €19,740 | +€14,325 | +265% |
| Profit (loss) for the period before taxes | 9903 | €477,877 | €314,430 | -€163,447 | -34.2% |
| Income taxes | 67/77 | €724 | €63 | -€662 | -91.4% |
| Profit (loss) for the period | 9904 | €477,153 | €314,368 | -€162,785 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €477,153 | €314,368 | -€162,785 | -34.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.