Pelirrojo: 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.
Pelirrojo
Largest movements
- Current investments +€80,061
new in 2025: €80,061
- Receivables within one year -€26,088
down €26,088 (-97.0%), from €26,895 to €807
of which Trade receivables: -€25,735
- Cash -€17,346
down €17,346 (-53.1%), from €32,696 to €15,350
mainly Current investments (-€80,061) and Investment in fixed assets (net) (-€4,122)
- Tangible fixed assets +€2,439
up €2,439 (+35.8%), from €6,819 to €9,258
of which Plant, machinery and equipment: +€1,490
- Reserves +€43,153
up €43,153 (+110%), from €39,117 to €82,270
- Tax, wage and social debts -€2,434
down €2,434 (-12.4%), from €19,668 to €17,234
- Trade debts -€1,831
down €1,831 (-80.3%), from €2,281 to €450
- Gross operating margin +€7,430
up €7,430 (+14.3%), from €51,832 to €59,262
- Taxes +€1,458
up €1,458 (+14.1%), from €10,325 to €11,783
- Depreciation +€1,297
up €1,297 (+335%), from €387 to €1,684
- Financial charges +€739
up €739 (+45.4%), from €1,629 to €2,368
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 | €66,428 | €105,500 | +€39,072 | +58.8% |
| Fixed assets | 21/28 | €6,819 | €9,258 | +€2,439 | +35.8% |
| Tangible fixed assets | 22/27 | €6,819 | €9,258 | +€2,439 | +35.8% |
| Plant, machinery and equipment | 23 | €4,428 | €5,918 | +€1,490 | +33.6% |
| Furniture and vehicles | 24 | €2,390 | €3,339 | +€949 | +39.7% |
| Current assets | 29/58 | €59,609 | €96,243 | +€36,633 | +61.5% |
| Amounts receivable within one year | 40/41 | €26,895 | €807 | -€26,088 | -97.0% |
| Trade receivables | 40 | €26,537 | €801 | -€25,735 | -97.0% |
| Other amounts receivable | 41 | €359 | €6 | -€353 | -98.3% |
| Current investments | 50/53 | - | €80,061 | +€80,061 | |
| Cash at bank and in hand | 54/58 | €32,696 | €15,350 | -€17,346 | -53.1% |
| Deferred charges and accrued income | 490/1 | €18 | €24 | +€6 | +34.8% |
| Total equity and liabilities | 10/49 | €66,428 | €105,500 | +€39,072 | +58.8% |
| Equity | 10/15 | €44,117 | €87,270 | +€43,153 | +97.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,117 | €82,270 | +€43,153 | +110% |
| Distributable reserves | 133 | €39,117 | €82,270 | +€43,153 | +110% |
| Amounts payable | 17/49 | €22,312 | €18,231 | -€4,081 | -18.3% |
| Amounts payable within one year | 42/48 | €22,312 | €18,231 | -€4,081 | -18.3% |
| Trade debts | 44 | €2,281 | €450 | -€1,831 | -80.3% |
| Suppliers | 440/4 | €2,281 | €450 | -€1,831 | -80.3% |
| Taxes, remuneration and social security | 45 | €19,668 | €17,234 | -€2,434 | -12.4% |
| Taxes | 450/3 | €19,668 | €17,234 | -€2,434 | -12.4% |
| Other amounts payable | 47/48 | €362 | €547 | +€185 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €387 | €1,684 | +€1,297 | +335% |
| Other operating charges | 640/8 | €375 | €63 | -€311 | -83.1% |
| Non-recurring operating charges | 66A | - | €509 | +€509 | |
| Gross operating margin | 9900 | €51,832 | €59,262 | +€7,430 | +14.3% |
| Operating profit (loss) | 9901 | €51,071 | €57,006 | +€5,935 | +11.6% |
| Financial income | 75/76B | €0 | €298 | +€298 | +2,977,900% |
| Recurring financial income | 75 | €0 | €298 | +€298 | +2,977,900% |
| Financial charges | 65/66B | €1,629 | €2,368 | +€739 | +45.4% |
| Recurring financial charges | 65 | €1,629 | €2,368 | +€739 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €49,442 | €54,936 | +€5,494 | +11.1% |
| Income taxes | 67/77 | €10,325 | €11,783 | +€1,458 | +14.1% |
| Profit (loss) for the period | 9904 | €39,117 | €43,153 | +€4,036 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,117 | €43,153 | +€4,036 | +10.3% |
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 17 October 2026 via checked.be.