PELL'S GROUP: 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.
PELL'S GROUP
Largest movements
- Receivables within one year +€2,186
up €2,186 (+254.0%), from €860 to €3,046
of which Trade receivables: +€2,104
- Tangible fixed assets -€1,796
down €1,796 (-50.0%), from €3,592 to €1,796
- Cash +€52
up €52 (+1233.5%), from €4 to €56
mainly Debts within one year (+€2,894) and Depreciation (+€1,796)
- Debts within one year +€2,894
up €2,894 (+43.7%), from €6,625 to €9,519
of which Other debts: +€7,545
- Equity -€2,453
down €2,453 (-113.2%), from -€2,168 to -€4,621
of which Profit (loss) carried forward: -€2,453
- Gross operating margin +€2,066
up €2,066 (+80.4%), from -€2,571 to -€505
- Financial charges +€112
new in 2021: €112
- Other operating charges +€40
new in 2021: €40
From the 2020 result to the 2021 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.
Cash bridge derived
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,457 | €4,898 | +€441 | +9.9% |
| Fixed assets | 21/28 | €3,592 | €1,796 | -€1,796 | -50.0% |
| Tangible fixed assets | 22/27 | €3,592 | €1,796 | -€1,796 | -50.0% |
| Furniture and vehicles | 24 | - | €1,796 | +€1,796 | |
| Current assets | 29/58 | €865 | €3,102 | +€2,237 | +258.8% |
| Amounts receivable within one year | 40/41 | €860 | €3,046 | +€2,186 | +254.0% |
| Trade receivables | 40 | - | €2,104 | +€2,104 | |
| Other amounts receivable | 41 | - | €942 | +€942 | |
| Cash at bank and in hand | 54/58 | €4 | €56 | +€52 | +1233.5% |
| Total equity and liabilities | 10/49 | €4,457 | €4,898 | +€441 | +9.9% |
| Equity | 10/15 | -€2,168 | -€4,621 | -€2,453 | -113.2% |
| Contributions | 10/11 | - | €2,200 | +€2,200 | |
| Capital | 10 | - | €2,200 | +€2,200 | |
| Issued capital | 100 | - | €2,200 | +€2,200 | |
| Profit (loss) carried forward | 14 | -€4,368 | -€6,821 | -€2,453 | -56.2% |
| Amounts payable | 17/49 | €6,625 | €9,519 | +€2,894 | +43.7% |
| Amounts payable within one year | 42/48 | €6,625 | €9,519 | +€2,894 | +43.7% |
| Trade debts | 44 | €605 | €1,974 | +€1,369 | +226.3% |
| Suppliers | 440/4 | - | €1,974 | +€1,974 | |
| Other amounts payable | 47/48 | - | €7,545 | +€7,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,796 | €1,796 | = | 0.0% |
| Other operating charges | 640/8 | - | €40 | +€40 | |
| Gross operating margin | 9900 | -€2,571 | -€505 | +€2,066 | +80.4% |
| Operating profit (loss) | 9901 | -€4,367 | -€2,341 | +€2,026 | +46.4% |
| Financial charges | 65/66B | - | €112 | +€112 | |
| Recurring financial charges | 65 | €1 | €112 | +€112 | +18605.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,368 | -€2,453 | +€1,915 | +43.8% |
| Profit (loss) for the period | 9904 | -€4,368 | -€2,453 | +€1,915 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,368 | -€2,453 | +€1,915 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.