PELLETFACTORY: 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.
PELLETFACTORY
Largest movements
- Cash -€74,805
down €74,805 (-27.8%), from €269,452 to €194,647
mainly Stocks and contracts (-€56,117) and Net result for the year (-€32,086)
- Stocks and contracts +€56,117
up €56,117 (+95.8%), from €58,584 to €114,702
- Receivables within one year +€24,724
up €24,724 (+23.8%), from €103,731 to €128,456
of which Trade receivables: +€24,663
- Tangible fixed assets -€8,147
down €8,147 (-31.2%), from €26,088 to €17,941
- Profit (loss) carried forward -€32,086
down €32,086 (-28.8%), from -€111,509 to -€143,595
- Trade debts +€31,978
up €31,978 (+81.2%), from €39,364 to €71,342
- Gross operating margin -€35,609
down €35,609 (-53.2%), from €66,990 to €31,381
- Staff costs +€1,633
up €1,633 (+3.9%), from €41,884 to €43,516
- Financial charges -€1,001
down €1,001 (-23.5%), from €4,266 to €3,265
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.
Cash bridge derived
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 | €465,568 | €464,847 | -€721 | -0.2% |
| Fixed assets | 21/28 | €28,994 | €20,527 | -€8,467 | -29.2% |
| Intangible fixed assets | 21 | €2,772 | €2,052 | -€720 | -26.0% |
| Tangible fixed assets | 22/27 | €26,088 | €17,941 | -€8,147 | -31.2% |
| Plant, machinery and equipment | 23 | €5,738 | €3,738 | -€2,000 | -34.9% |
| Furniture and vehicles | 24 | €8,957 | €5,648 | -€3,310 | -36.9% |
| Other tangible fixed assets | 26 | €11,393 | €8,555 | -€2,838 | -24.9% |
| Financial fixed assets | 28 | €135 | €535 | +€400 | +296.3% |
| Current assets | 29/58 | €436,574 | €444,320 | +€7,746 | +1.8% |
| Stocks and contracts in progress | 3 | €58,584 | €114,702 | +€56,117 | +95.8% |
| Stocks | 30/36 | €58,584 | €114,702 | +€56,117 | +95.8% |
| Amounts receivable within one year | 40/41 | €103,731 | €128,456 | +€24,724 | +23.8% |
| Trade receivables | 40 | €80,312 | €104,974 | +€24,663 | +30.7% |
| Other amounts receivable | 41 | €23,420 | €23,482 | +€62 | +0.3% |
| Cash at bank and in hand | 54/58 | €269,452 | €194,647 | -€74,805 | -27.8% |
| Deferred charges and accrued income | 490/1 | €4,806 | €6,515 | +€1,709 | +35.5% |
| Total equity and liabilities | 10/49 | €465,568 | €464,847 | -€721 | -0.2% |
| Equity | 10/15 | €188,323 | €156,237 | -€32,086 | -17.0% |
| Contributions | 10/11 | €299,832 | €299,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,509 | -€143,595 | -€32,086 | -28.8% |
| Amounts payable | 17/49 | €277,245 | €308,610 | +€31,365 | +11.3% |
| Amounts payable after more than one year | 17 | €216,843 | €216,566 | -€277 | -0.1% |
| Financial debts | 170/4 | €216,843 | €216,566 | -€277 | -0.1% |
| Amounts payable within one year | 42/48 | €60,402 | €91,788 | +€31,386 | +52.0% |
| Financial debts | 43 | €1,640 | €0 | -€1,640 | -100.0% |
| Credit institutions | 430/8 | €1,640 | €0 | -€1,640 | -100.0% |
| Trade debts | 44 | €39,364 | €71,342 | +€31,978 | +81.2% |
| Suppliers | 440/4 | €39,364 | €71,342 | +€31,978 | +81.2% |
| Taxes, remuneration and social security | 45 | €19,398 | €20,447 | +€1,049 | +5.4% |
| Taxes | 450/3 | €7,552 | €8,227 | +€675 | +8.9% |
| Remuneration and social security | 454/9 | €11,846 | €12,220 | +€374 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €256 | +€256 | |
| Remuneration, social security and pensions | 62 | €41,884 | €43,516 | +€1,633 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,182 | €9,616 | -€566 | -5.6% |
| Other operating charges | 640/8 | €6,795 | €7,071 | +€276 | +4.1% |
| Gross operating margin | 9900 | €66,990 | €31,381 | -€35,609 | -53.2% |
| Operating profit (loss) | 9901 | €8,129 | -€28,822 | -€36,952 | |
| Financial income | 75/76B | €239 | €1 | -€238 | -99.5% |
| Recurring financial income | 75 | €239 | €1 | -€238 | -99.5% |
| Financial charges | 65/66B | €4,266 | €3,265 | -€1,001 | -23.5% |
| Recurring financial charges | 65 | €4,266 | €3,265 | -€1,001 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €4,103 | -€32,086 | -€36,189 | |
| Profit (loss) for the period | 9904 | €4,103 | -€32,086 | -€36,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,103 | -€32,086 | -€36,189 |
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 11 October 2026 via checked.be.