IJZERWAREN PENNEMAN: 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.
IJZERWAREN PENNEMAN
Largest movements
- Current investments -€345,000
no longer reported in 2025 (was €345,000)
- Deferred charges and accrued income -€18,251
down €18,251 (-95.5%), from €19,112 to €861
- Stocks and contracts +€17,148
up €17,148 (+5.3%), from €324,540 to €341,688
- Cash +€16,837
up €16,837 (+28.5%), from €59,123 to €75,960
mainly Current investments (+€345,000) and Deferred charges and accrued income (+€18,251)
- Tangible fixed assets +€13,069
up €13,069 (+15.3%), from €85,209 to €98,278
of which Plant, machinery and equipment: +€15,276
- Other debts -€325,568
down €325,568 (-57.5%), from €566,060 to €240,492
- Gross operating margin -€31,211
down €31,211 (-20.6%), from €151,402 to €120,190
- Other operating charges -€4,540
down €4,540 (-52.3%), from €8,679 to €4,138
- Depreciation +€4,468
up €4,468 (+41.1%), from €10,870 to €15,338
- Financial income -€4,441
down €4,441 (-24.2%), from €18,334 to €13,893
- Taxes -€3,476
down €3,476 (-93.9%), from €3,700 to €224
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 | €882,546 | €564,477 | -€318,069 | -36.0% |
| Fixed assets | 21/28 | €85,209 | €98,278 | +€13,069 | +15.3% |
| Tangible fixed assets | 22/27 | €85,209 | €98,278 | +€13,069 | +15.3% |
| Plant, machinery and equipment | 23 | €53,004 | €68,280 | +€15,276 | +28.8% |
| Furniture and vehicles | 24 | €6,398 | €10,277 | +€3,880 | +60.6% |
| Other tangible fixed assets | 26 | €25,808 | €19,720 | -€6,087 | -23.6% |
| Current assets | 29/58 | €797,337 | €466,199 | -€331,137 | -41.5% |
| Stocks and contracts in progress | 3 | €324,540 | €341,688 | +€17,148 | +5.3% |
| Stocks | 30/36 | €324,540 | €341,688 | +€17,148 | +5.3% |
| Amounts receivable within one year | 40/41 | €49,562 | €47,690 | -€1,872 | -3.8% |
| Trade receivables | 40 | €45,969 | €42,122 | -€3,846 | -8.4% |
| Other amounts receivable | 41 | €3,593 | €5,567 | +€1,974 | +54.9% |
| Current investments | 50/53 | €345,000 | - | -€345,000 | |
| Cash at bank and in hand | 54/58 | €59,123 | €75,960 | +€16,837 | +28.5% |
| Deferred charges and accrued income | 490/1 | €19,112 | €861 | -€18,251 | -95.5% |
| Total equity and liabilities | 10/49 | €882,546 | €564,477 | -€318,069 | -36.0% |
| Equity | 10/15 | €287,975 | €292,311 | +€4,336 | +1.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €87,975 | €92,311 | +€4,336 | +4.9% |
| Distributable reserves | 133 | €87,975 | €92,311 | +€4,336 | +4.9% |
| Amounts payable | 17/49 | €594,571 | €272,166 | -€322,405 | -54.2% |
| Amounts payable within one year | 42/48 | €594,561 | €272,157 | -€322,405 | -54.2% |
| Trade debts | 44 | €11,395 | €14,054 | +€2,659 | +23.3% |
| Suppliers | 440/4 | €11,395 | €14,054 | +€2,659 | +23.3% |
| Taxes, remuneration and social security | 45 | €17,107 | €17,611 | +€504 | +2.9% |
| Taxes | 450/3 | €1,115 | €1,127 | +€12 | +1.1% |
| Remuneration and social security | 454/9 | €15,992 | €16,484 | +€492 | +3.1% |
| Other amounts payable | 47/48 | €566,060 | €240,492 | -€325,568 | -57.5% |
| Accrued charges and deferred income | 492/3 | €10 | €10 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €84,980 | €88,421 | +€3,441 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,870 | €15,338 | +€4,468 | +41.1% |
| Other operating charges | 640/8 | €8,679 | €4,138 | -€4,540 | -52.3% |
| Gross operating margin | 9900 | €151,402 | €120,190 | -€31,211 | -20.6% |
| Operating profit (loss) | 9901 | €46,873 | €12,293 | -€34,580 | -73.8% |
| Financial income | 75/76B | €18,334 | €13,893 | -€4,441 | -24.2% |
| Recurring financial income | 75 | €18,334 | €13,893 | -€4,441 | -24.2% |
| Financial charges | 65/66B | €9,014 | €11,625 | +€2,611 | +29.0% |
| Recurring financial charges | 65 | €9,014 | €11,625 | +€2,611 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €56,193 | €14,561 | -€41,633 | -74.1% |
| Income taxes | 67/77 | €3,700 | €224 | -€3,476 | -93.9% |
| Profit (loss) for the period | 9904 | €52,493 | €14,336 | -€38,157 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,493 | €14,336 | -€38,157 | -72.7% |
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 16 October 2026 via checked.be.