PELM: what changed
Two fiscal 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.
PELM
Largest movements
- Receivables within one year +€69,303
up €69,303 (+173.9%), from €39,855 to €109,158
of which Other amounts receivable: +€62,443
- Tangible fixed assets -€4,738
down €4,738 (-46.7%), from €10,152 to €5,414
of which Furniture and vehicles: -€4,563
- Deferred charges and accrued income -€3,743
down €3,743 (-80.1%), from €4,674 to €930
- Cash +€1,742
up €1,742 (+25.9%), from €6,731 to €8,473
mainly Net result for the year (+€38,866) and Trade debts (+€16,579)
- Profit (loss) carried forward +€38,866
up €38,866 (+109.6%), from €35,465 to €74,331
- Trade debts +€16,579
up €16,579 (+158.9%), from €10,433 to €27,012
- Tax, wage and social debts +€8,050
up €8,050 (+269.8%), from €2,983 to €11,033
of which Taxes: +€9,550
- Advances received +€7,204
new in 2025: €7,204
- Current portion of long-term debt -€4,747
down €4,747 (-58.3%), from €8,136 to €3,389
- Gross operating margin +€39,078
up €39,078 (+225.0%), from €17,372 to €56,449
- Taxes +€9,550
up €9,550 (+643.9%), from €1,483 to €11,033
- Depreciation -€5,394
down €5,394 (-53.2%), from €10,132 to €4,738
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 | €66,606 | €129,170 | +€62,564 | +93.9% |
| Fixed assets | 21/28 | €10,272 | €5,534 | -€4,738 | -46.1% |
| Tangible fixed assets | 22/27 | €10,152 | €5,414 | -€4,738 | -46.7% |
| Plant, machinery and equipment | 23 | €192 | €17 | -€175 | -90.9% |
| Furniture and vehicles | 24 | €9,960 | €5,396 | -€4,563 | -45.8% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €56,334 | €123,636 | +€67,302 | +119.5% |
| Stocks and contracts in progress | 3 | €5,075 | €5,075 | = | 0.0% |
| Stocks | 30/36 | €5,075 | €5,075 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,855 | €109,158 | +€69,303 | +173.9% |
| Trade receivables | 40 | €7,627 | €14,487 | +€6,860 | +89.9% |
| Other amounts receivable | 41 | €32,228 | €94,671 | +€62,443 | +193.8% |
| Cash at bank and in hand | 54/58 | €6,731 | €8,473 | +€1,742 | +25.9% |
| Deferred charges and accrued income | 490/1 | €4,674 | €930 | -€3,743 | -80.1% |
| Total equity and liabilities | 10/49 | €66,606 | €129,170 | +€62,564 | +93.9% |
| Equity | 10/15 | €41,665 | €80,531 | +€38,866 | +93.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,465 | €74,331 | +€38,866 | +109.6% |
| Amounts payable | 17/49 | €24,941 | €48,639 | +€23,698 | +95.0% |
| Amounts payable after more than one year | 17 | €3,389 | - | -€3,389 | |
| Financial debts | 170/4 | €3,389 | - | -€3,389 | |
| Amounts payable within one year | 42/48 | €21,552 | €48,639 | +€27,087 | +125.7% |
| Current portion of amounts payable after more than one year | 42 | €8,136 | €3,389 | -€4,747 | -58.3% |
| Trade debts | 44 | €10,433 | €27,012 | +€16,579 | +158.9% |
| Suppliers | 440/4 | €10,433 | €27,012 | +€16,579 | +158.9% |
| Advances received on contracts in progress | 46 | - | €7,204 | +€7,204 | |
| Taxes, remuneration and social security | 45 | €2,983 | €11,033 | +€8,050 | +269.8% |
| Taxes | 450/3 | €1,483 | €11,033 | +€9,550 | +643.9% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,132 | €4,738 | -€5,394 | -53.2% |
| Other operating charges | 640/8 | €948 | €1,421 | +€473 | +49.8% |
| Gross operating margin | 9900 | €17,372 | €56,449 | +€39,078 | +225.0% |
| Operating profit (loss) | 9901 | €6,292 | €50,290 | +€43,999 | +699.3% |
| Financial income | 75/76B | €7 | €15 | +€8 | +126.6% |
| Recurring financial income | 75 | €7 | €15 | +€8 | +126.6% |
| Financial charges | 65/66B | €220 | €407 | +€187 | +84.7% |
| Recurring financial charges | 65 | €220 | €407 | +€187 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €6,078 | €49,899 | +€43,821 | +721.0% |
| Income taxes | 67/77 | €1,483 | €11,033 | +€9,550 | +643.9% |
| Profit (loss) for the period | 9904 | €4,595 | €38,866 | +€34,271 | +745.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,595 | €38,866 | +€34,271 | +745.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.