PELLENC Benelux: 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.
PELLENC Benelux
Largest movements
- Receivables within one year +€323,274
up €323,274 (+183%), from €176,669 to €499,943
of which Trade receivables: +€298,358
- Cash -€140,319
down €140,319 (-93.7%), from €149,731 to €9,413
mainly Receivables within one year (-€323,274) and Trade debts (-€146,512)
- Tangible fixed assets -€11,371
down €11,371 (-13.8%), from €82,581 to €71,210
- Intangible fixed assets +€8,892
new in 2025: €8,892
- Debts after one year +€295,661
up €295,661 (+493%), from €60,000 to €355,661
- Trade debts -€146,512
down €146,512 (-41.6%), from €352,005 to €205,493
- Tax, wage and social debts +€19,297
up €19,297 (+1,340%), from €1,440 to €20,737
of which Remuneration and social security: +€9,763
- Profit (loss) carried forward +€10,770
up €10,770 (+326%), from €3,306 to €14,075
- Gross operating margin +€133,372
up €133,372 (+723%), from €18,446 to €151,819
- Staff costs +€116,438
new in 2025: €116,438
- Financial charges +€4,919
up €4,919 (+214%), from €2,295 to €7,213
- Taxes +€2,593
up €2,593 (+180%), from €1,440 to €4,033
- Depreciation +€1,959
up €1,959 (+17.2%), from €11,406 to €13,365
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 | €426,919 | €605,967 | +€179,048 | +41.9% |
| Fixed assets | 21/28 | €99,091 | €96,611 | -€2,479 | -2.5% |
| Intangible fixed assets | 21 | - | €8,892 | +€8,892 | |
| Tangible fixed assets | 22/27 | €82,581 | €71,210 | -€11,371 | -13.8% |
| Plant, machinery and equipment | 23 | €37,860 | €33,639 | -€4,221 | -11.1% |
| Furniture and vehicles | 24 | €16,765 | €12,924 | -€3,842 | -22.9% |
| Other tangible fixed assets | 26 | €27,955 | €24,647 | -€3,308 | -11.8% |
| Financial fixed assets | 28 | €16,510 | €16,510 | = | 0.0% |
| Current assets | 29/58 | €327,828 | €509,356 | +€181,528 | +55.4% |
| Amounts receivable within one year | 40/41 | €176,669 | €499,943 | +€323,274 | +183% |
| Trade receivables | 40 | €166,466 | €464,824 | +€298,358 | +179% |
| Other amounts receivable | 41 | €10,203 | €35,119 | +€24,916 | +244% |
| Cash at bank and in hand | 54/58 | €149,731 | €9,413 | -€140,319 | -93.7% |
| Deferred charges and accrued income | 490/1 | €1,428 | - | -€1,428 | |
| Total equity and liabilities | 10/49 | €426,919 | €605,967 | +€179,048 | +41.9% |
| Equity | 10/15 | €13,306 | €24,075 | +€10,770 | +80.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,306 | €14,075 | +€10,770 | +326% |
| Amounts payable | 17/49 | €413,613 | €581,892 | +€168,279 | +40.7% |
| Amounts payable after more than one year | 17 | €60,000 | €355,661 | +€295,661 | +493% |
| Other amounts payable | 178/9 | €60,000 | €355,661 | +€295,661 | +493% |
| Amounts payable within one year | 42/48 | €353,613 | €226,230 | -€127,383 | -36.0% |
| Trade debts | 44 | €352,005 | €205,493 | -€146,512 | -41.6% |
| Suppliers | 440/4 | €352,005 | €205,493 | -€146,512 | -41.6% |
| Taxes, remuneration and social security | 45 | €1,440 | €20,737 | +€19,297 | +1,340% |
| Taxes | 450/3 | €1,440 | €10,974 | +€9,534 | +662% |
| Remuneration and social security | 454/9 | - | €9,763 | +€9,763 | |
| Other amounts payable | 47/48 | €168 | - | -€168 | |
| Remuneration, social security and pensions | 62 | - | €116,438 | +€116,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,406 | €13,365 | +€1,959 | +17.2% |
| Gross operating margin | 9900 | €18,446 | €151,819 | +€133,372 | +723% |
| Operating profit (loss) | 9901 | €7,040 | €22,016 | +€14,976 | +213% |
| Financial charges | 65/66B | €2,295 | €7,213 | +€4,919 | +214% |
| Recurring financial charges | 65 | €2,295 | €7,213 | +€4,919 | +214% |
| Profit (loss) for the period before taxes | 9903 | €4,746 | €14,802 | +€10,057 | +212% |
| Income taxes | 67/77 | €1,440 | €4,033 | +€2,593 | +180% |
| Profit (loss) for the period | 9904 | €3,306 | €10,770 | +€7,464 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €3,306 | €10,770 | +€7,464 | +226% |
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 31 October 2026 via checked.be.