MICHAEL PELSSER CONSULTING: what changed
What changed
MICHAEL PELSSER CONSULTING
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€5,491
2024 · €43,712-€49,203
Equity
-€489,692
2024 · -€484,200-€5,491
Cash
€3,354
2024 · €734+€2,620
Balance sheet total
€1.2m
2024 · €1.4m-€122,076
Largest movements
Assets
- Tangible fixed assets -€123,554
down €123,554 (-9.2%), from €1.3m to €1.2m
of which Land and buildings: -€116,791
Equity and liabilities
- Debts after one year -€126,749
down €126,749 (-7.2%), from €1.8m to €1.6m
of which Financial debts: -€130,070
- Trade debts +€19,553
up €19,553 (+107%), from €18,289 to €37,842
Income statement
- Gross operating margin -€43,351
down €43,351 (-30.6%), from €141,632 to €98,281
- Financial charges +€9,861
up €9,861 (+47.1%), from €20,945 to €30,806
of which Non-recurring financial charges: +€11,826
- Depreciation -€2,794
down €2,794 (-4.8%), from €58,767 to €55,974
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,712
Gross operating margin
-€43,351
Depreciation
+€2,794
Other operating charges
+€1,215
Financial charges
-€9,861
Result 2025
-€5,491
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€66,467
Investment
+€67,581
Financing
-€131,429
Cash 2024
€734
From operations (derived)
+€66,467
Net result for the year
-€5,491
Depreciation
+€55,974
Stocks and contracts
+€1,500
Receivables within one year
-€359
Trade debts
+€19,553
Tax, wage and social debts
+€1,499
Other debts
+€80
Accrued charges and deferred income
-€6,289
Investment (derived)
+€67,581
Investment in fixed assets (net)
+€67,581
Financing
-€131,429
Debts after one year
-€126,749
Current portion of long-term debt
-€4,680
Cash 2025
€3,354
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,371,152 | €1,249,076 | -€122,076 | -8.9% |
| Fixed assets | 21/28 | €1,360,836 | €1,237,282 | -€123,554 | -9.1% |
| Tangible fixed assets | 22/27 | €1,337,636 | €1,214,082 | -€123,554 | -9.2% |
| Land and buildings | 22 | €1,317,873 | €1,201,082 | -€116,791 | -8.9% |
| Plant, machinery and equipment | 23 | €19,500 | €13,000 | -€6,500 | -33.3% |
| Furniture and vehicles | 24 | €263 | - | -€263 | |
| Financial fixed assets | 28 | €23,200 | €23,200 | = | 0.0% |
| Current assets | 29/58 | €10,316 | €11,794 | +€1,478 | +14.3% |
| Stocks and contracts in progress | 3 | €5,850 | €4,350 | -€1,500 | -25.6% |
| Stocks | 30/36 | €5,850 | €4,350 | -€1,500 | -25.6% |
| Amounts receivable within one year | 40/41 | €2,431 | €2,790 | +€359 | +14.7% |
| Trade receivables | 40 | €2,431 | €2,790 | +€359 | +14.7% |
| Cash at bank and in hand | 54/58 | €734 | €3,354 | +€2,620 | +357% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,371,152 | €1,249,076 | -€122,076 | -8.9% |
| Equity | 10/15 | -€484,200 | -€489,692 | -€5,491 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€502,800 | -€508,292 | -€5,491 | -1.1% |
| Amounts payable | 17/49 | €1,855,352 | €1,738,767 | -€116,585 | -6.3% |
| Amounts payable after more than one year | 17 | €1,766,281 | €1,639,532 | -€126,749 | -7.2% |
| Financial debts | 170/4 | €785,612 | €655,543 | -€130,070 | -16.6% |
| Other amounts payable | 178/9 | €980,668 | €983,989 | +€3,321 | +0.3% |
| Amounts payable within one year | 42/48 | €82,783 | €99,236 | +€16,453 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €60,722 | €56,042 | -€4,680 | -7.7% |
| Trade debts | 44 | €18,289 | €37,842 | +€19,553 | +107% |
| Suppliers | 440/4 | €18,289 | €37,842 | +€19,553 | +107% |
| Taxes, remuneration and social security | 45 | €322 | €1,821 | +€1,499 | +466% |
| Taxes | 450/3 | €322 | €1,821 | +€1,499 | +466% |
| Other amounts payable | 47/48 | €3,450 | €3,530 | +€80 | +2.3% |
| Accrued charges and deferred income | 492/3 | €6,289 | - | -€6,289 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,767 | €55,974 | -€2,794 | -4.8% |
| Other operating charges | 640/8 | €18,208 | €16,993 | -€1,215 | -6.7% |
| Gross operating margin | 9900 | €141,632 | €98,281 | -€43,351 | -30.6% |
| Operating profit (loss) | 9901 | €64,656 | €25,314 | -€39,342 | -60.8% |
| Financial charges | 65/66B | €20,945 | €30,806 | +€9,861 | +47.1% |
| Recurring financial charges | 65 | €20,945 | €18,980 | -€1,965 | -9.4% |
| Non-recurring financial charges | 66B | - | €11,826 | +€11,826 | |
| Profit (loss) for the period before taxes | 9903 | €43,712 | -€5,491 | -€49,203 | |
| Profit (loss) for the period | 9904 | €43,712 | -€5,491 | -€49,203 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,712 | -€5,491 | -€49,203 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.