PEFLO THERM: 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.
PEFLO THERM
Largest movements
- Cash -€11,638
down €11,638 (-78.9%), from €14,756 to €3,118
mainly Receivables within one year (-€4,420) and Other debts (-€3,876)
- Receivables within one year +€4,420
up €4,420 (+36.1%), from €12,249 to €16,669
of which Trade receivables: +€5,725
- Deferred charges and accrued income -€2,207
no longer reported in 2025 (was €2,207)
- Stocks and contracts +€516
up €516 (+9.4%), from €5,511 to €6,026
- Other debts -€3,876
down €3,876 (-63.1%), from €6,147 to €2,270
- Profit (loss) carried forward -€2,581
down €2,581 (-3.2%), from -€80,499 to -€83,080
- Accrued charges and deferred income -€1,768
down €1,768 (-78.1%), from €2,263 to €495
- Trade debts -€684
down €684 (-13.9%), from €4,932 to €4,249
- Gross operating margin +€9,199
up €9,199, from -€5,468 to €3,731
- Financial charges +€4,599
up €4,599 (+5,900%), from €78 to €4,677
- Financial income -€3,179
down €3,179 (-99.7%), from €3,188 to €9
- Other operating charges +€340
up €340 (+26.1%), from €1,304 to €1,644
- Depreciation -€82
no longer reported in 2025 (was €82)
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 | €42,026 | €33,116 | -€8,910 | -21.2% |
| Fixed assets | 21/28 | €7,303 | €7,303 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,303 | €7,303 | = | 0.0% |
| Land and buildings | 22 | €7,303 | €7,303 | = | 0.0% |
| Current assets | 29/58 | €34,722 | €25,813 | -€8,910 | -25.7% |
| Stocks and contracts in progress | 3 | €5,511 | €6,026 | +€516 | +9.4% |
| Stocks | 30/36 | €5,511 | €6,026 | +€516 | +9.4% |
| Amounts receivable within one year | 40/41 | €12,249 | €16,669 | +€4,420 | +36.1% |
| Trade receivables | 40 | €9,237 | €14,962 | +€5,725 | +62.0% |
| Other amounts receivable | 41 | €3,012 | €1,707 | -€1,305 | -43.3% |
| Cash at bank and in hand | 54/58 | €14,756 | €3,118 | -€11,638 | -78.9% |
| Deferred charges and accrued income | 490/1 | €2,207 | - | -€2,207 | |
| Total equity and liabilities | 10/49 | €42,026 | €33,116 | -€8,910 | -21.2% |
| Equity | 10/15 | €28,683 | €26,102 | -€2,581 | -9.0% |
| Contributions | 10/11 | €52,058 | €52,058 | = | 0.0% |
| Contributions outside capital | 11 | €52,058 | €52,058 | = | 0.0% |
| Other | 1109/19 | €52,058 | €52,058 | = | 0.0% |
| Reserves | 13 | €57,125 | €57,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,206 | €5,206 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,206 | €5,206 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,842 | €3,842 | = | 0.0% |
| Distributable reserves | 133 | €48,077 | €48,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,499 | -€83,080 | -€2,581 | -3.2% |
| Amounts payable | 17/49 | €13,342 | €7,014 | -€6,328 | -47.4% |
| Amounts payable within one year | 42/48 | €11,079 | €6,519 | -€4,560 | -41.2% |
| Trade debts | 44 | €4,932 | €4,249 | -€684 | -13.9% |
| Suppliers | 440/4 | €4,932 | €4,249 | -€684 | -13.9% |
| Other amounts payable | 47/48 | €6,147 | €2,270 | -€3,876 | -63.1% |
| Accrued charges and deferred income | 492/3 | €2,263 | €495 | -€1,768 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82 | - | -€82 | |
| Other operating charges | 640/8 | €1,304 | €1,644 | +€340 | +26.1% |
| Gross operating margin | 9900 | -€5,468 | €3,731 | +€9,199 | |
| Operating profit (loss) | 9901 | -€6,854 | €2,087 | +€8,941 | |
| Financial income | 75/76B | €3,188 | €9 | -€3,179 | -99.7% |
| Recurring financial income | 75 | €3,188 | €9 | -€3,179 | -99.7% |
| Financial charges | 65/66B | €78 | €4,677 | +€4,599 | +5,900% |
| Recurring financial charges | 65 | €78 | €4,677 | +€4,599 | +5,900% |
| Profit (loss) for the period before taxes | 9903 | -€3,744 | -€2,581 | +€1,163 | +31.1% |
| Profit (loss) for the period | 9904 | -€3,744 | -€2,581 | +€1,163 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,744 | -€2,581 | +€1,163 | +31.1% |
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 24 October 2026 via checked.be.