JM PELLET: 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.
JM PELLET
Largest movements
- Tangible fixed assets +€79,148
up €79,148 (+59.7%), from €132,614 to €211,761
of which Furniture and vehicles: +€63,974
- Stocks and contracts +€61,501
up €61,501 (+563%), from €10,918 to €72,420
- Receivables within one year +€37,767
up €37,767 (+54.5%), from €69,249 to €107,016
of which Trade receivables: +€78,302
- Cash +€31,629
up €31,629 (+36.5%), from €86,597 to €118,226
mainly Net result for the year (+€132,013) and Tax, wage and social debts (+€35,690)
- Deferred charges and accrued income +€15,637
up €15,637 (+5,887%), from €266 to €15,902
- Profit (loss) carried forward +€122,013
up €122,013 (+85.8%), from €142,199 to €264,212
- Tax, wage and social debts +€35,690
up €35,690 (+63.3%), from €56,400 to €92,090
of which Taxes: +€25,504
- Debts after one year +€34,592
up €34,592 (+47.1%), from €73,449 to €108,041
- Trade debts +€20,545
up €20,545 (+95.3%), from €21,559 to €42,104
- Current portion of long-term debt +€13,337
up €13,337 (+431%), from €3,098 to €16,435
- Gross operating margin +€141,572
up €141,572 (+64.8%), from €218,367 to €359,938
- Staff costs +€70,554
up €70,554 (+96.1%), from €73,379 to €143,933
- Taxes +€15,616
up €15,616 (+56.0%), from €27,872 to €43,489
- Depreciation +€5,618
up €5,618 (+24.2%), from €23,174 to €28,792
- Other operating charges +€3,749
up €3,749 (+135%), from €2,776 to €6,525
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 | €304,444 | €530,125 | +€225,681 | +74.1% |
| Fixed assets | 21/28 | €137,414 | €216,561 | +€79,148 | +57.6% |
| Tangible fixed assets | 22/27 | €132,614 | €211,761 | +€79,148 | +59.7% |
| Land and buildings | 22 | €99,140 | €114,754 | +€15,614 | +15.7% |
| Plant, machinery and equipment | 23 | €12,336 | €11,895 | -€440 | -3.6% |
| Furniture and vehicles | 24 | €21,138 | €85,112 | +€63,974 | +303% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €167,030 | €313,564 | +€146,534 | +87.7% |
| Stocks and contracts in progress | 3 | €10,918 | €72,420 | +€61,501 | +563% |
| Stocks | 30/36 | €10,918 | €72,420 | +€61,501 | +563% |
| Amounts receivable within one year | 40/41 | €69,249 | €107,016 | +€37,767 | +54.5% |
| Trade receivables | 40 | €27,267 | €105,569 | +€78,302 | +287% |
| Other amounts receivable | 41 | €41,982 | €1,447 | -€40,535 | -96.6% |
| Cash at bank and in hand | 54/58 | €86,597 | €118,226 | +€31,629 | +36.5% |
| Deferred charges and accrued income | 490/1 | €266 | €15,902 | +€15,637 | +5,887% |
| Total equity and liabilities | 10/49 | €304,444 | €530,125 | +€225,681 | +74.1% |
| Equity | 10/15 | €147,199 | €269,212 | +€122,013 | +82.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,199 | €264,212 | +€122,013 | +85.8% |
| Amounts payable | 17/49 | €157,245 | €260,913 | +€103,669 | +65.9% |
| Amounts payable after more than one year | 17 | €73,449 | €108,041 | +€34,592 | +47.1% |
| Financial debts | 170/4 | €73,449 | €108,041 | +€34,592 | +47.1% |
| Amounts payable within one year | 42/48 | €83,795 | €152,872 | +€69,076 | +82.4% |
| Current portion of amounts payable after more than one year | 42 | €3,098 | €16,435 | +€13,337 | +431% |
| Financial debts | 43 | €2,739 | - | -€2,739 | |
| Credit institutions | 430/8 | €2,739 | - | -€2,739 | |
| Trade debts | 44 | €21,559 | €42,104 | +€20,545 | +95.3% |
| Suppliers | 440/4 | €21,559 | €42,104 | +€20,545 | +95.3% |
| Taxes, remuneration and social security | 45 | €56,400 | €92,090 | +€35,690 | +63.3% |
| Taxes | 450/3 | €46,071 | €71,575 | +€25,504 | +55.4% |
| Remuneration and social security | 454/9 | €10,329 | €20,515 | +€10,186 | +98.6% |
| Other amounts payable | 47/48 | - | €2,244 | +€2,244 | |
| Remuneration, social security and pensions | 62 | €73,379 | €143,933 | +€70,554 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,174 | €28,792 | +€5,618 | +24.2% |
| Other operating charges | 640/8 | €2,776 | €6,525 | +€3,749 | +135% |
| Gross operating margin | 9900 | €218,367 | €359,938 | +€141,572 | +64.8% |
| Operating profit (loss) | 9901 | €119,038 | €180,688 | +€61,651 | +51.8% |
| Financial income | 75/76B | €2 | €258 | +€256 | +14,804% |
| Recurring financial income | 75 | €2 | €258 | +€256 | +14,804% |
| Financial charges | 65/66B | €1,914 | €5,444 | +€3,530 | +184% |
| Recurring financial charges | 65 | €1,914 | €5,444 | +€3,530 | +184% |
| Profit (loss) for the period before taxes | 9903 | €117,125 | €175,502 | +€58,377 | +49.8% |
| Income taxes | 67/77 | €27,872 | €43,489 | +€15,616 | +56.0% |
| Profit (loss) for the period | 9904 | €89,253 | €132,013 | +€42,760 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,253 | €132,013 | +€42,760 | +47.9% |
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 26 October 2026 via checked.be.